pay plan

[Deleted User]

Pay Plan cannot give me an answer to the following question.
i have been with them for over 2.5 years and seem to have dealt with some of the things myself, anyway the question was how long can some of these plans run for as i estimate mine to take at least 10 years, anyone out there been longer or nearer that time with p plan????, would love to hear from anyone, as i said p plan wouldnt or couldnt give me an estimate/answer
many thanks
doug

james32_uk

I imagine the reason Payplan are loathe to give you an estimate is that things can change at any time and your creditors could sooner or later begin to ask for more cash and add interest again.

Assuming your creditors are all not charging you interest then you can work out the estimation yourself though?

[Deleted User]

the amounts owed to creditors and put on pay plan site when i first started , differ to what is actually owed, a bank charges etc etc were added to account until interest was frozen, i know you can ask for these charges to be returned but i dont want to upset any creditors at the moment.
without phonning banks myself as i am quite wary of this, payplan wont do this either, some amounts are a lot more than what pay plan say is owed.
so i dont have a rough idea at all
many thanks for replies
douglas670

dips47

hi .i am on Payplan also on DMP,i started mine july06,and most of the creditors have accepted the offers,but obviously the same situation applies like others that the figures does not match and my plan was until year 2030,but as of this month i have doubled my payment to payplan and the number of years is now down to year 2014.I guess providing the creditors freezes interest and chargers until the end of plan then this would be the true reflection to the number of years.