Dmp

mullery83 · 11 April 2013 at 10:58PM

In short I'm with payplan and thus far it's going really well.

Paying £310 a month to 11 lenders totalling £9500.

All my loans are slowly decreasing except my nationwide credit card which add on about £60 a month interest. There cut of my payment is approximately £130 a month (they are my biggest debt)..

So how do i talk them round to freezing it?

Thanks in anticipation

happy_bunny_2 · 12 April 2013 at 5:56PM

You could write to them and ask how they consider they are treating you sympathetically under the lending code?

Presumably you have written to them several times?

mullery83 · 12 April 2013 at 7:40PM

happy_bunny wrote: »

You could write to them and ask how they consider they are treating you sympathetically under the lending code?

Presumably you have written to them several times?

No all my contact has been via Payplan, who I spoke with today and they are going to ask exactly as you suggested this week. wish me luck

happy_bunny_2 · 12 April 2013 at 8:12PM

Ah yes, forgot that you should go through pay plan.

Good luck with it and please update us when you get an answer.

katy_ann · 13 April 2013 at 6:13AM

I would definatly send them a letter, I had a right hoohar with NDR money and I had to write to them weekly!!

immoral_angeluk · 13 April 2013 at 7:52AM

Don't forget than in a DMP there is no guarantee that creditors will freeze interest and charges as they are legally entitled to charge them. However if you are in a debt management plan and Payplan won't challenge it for you (not all will) you could consider a formal complaint to the creditor on the grounds that it is actually exacerbating/prolonging your debt problems and as mentioned aboe, quote the lending code.