DMP review - don't want to tell them about pay rise!

The_Boss

crispycornflake wrote: »

After what you've been through recently I would say you should keep the extra £'s for yourself and your kids, take yourself on a nice holiday and don't worry about it

This is a wind-up, right?

ghostmadlittlemiss

A pay rise that small, I wouldn't bother telling them about. Just stash some of it in a emergency/F + F pot and treat yourself and the kids with the rest. Also, you mentioned clothes costs being a lot. Sorry if you're already doing this and therefore this sounds patronising but I can't recommend Ebay and a tape measure enough. Plus, you can put all the clothes back on there once you're done and get some of the money back. Again, apologies if you're already doing that.
Kayleigh

heatherks

depends on how much the pay increase was ??

but i know when i told CAB that i was now recieving carers allowance for looking after my dad ..when they reassesd my DMP all my payments increased and a few of the creditors restarted the interest ..which means in the end wasn't gaining anything and had more stress

eyeopener2

The_Boss wrote: »

Maybe, but it would appear that there is an obligation to inform the DMP company that their salary is greater in the annual review. What the DMP do when they are advised of the new salary is a different matter. They might change the payment details. Or they may not. But deliberately witholding this information in those circumstances and declaring a different salary is both lying and fraudulent.

Fraudulent? A dmp has no contractual basis whatsoever, so where's the fraud? A creditor does not have to accept the dmp or play by any rules whatsoever, I know of hikes in interest to 25% or more, ccjs and charging orders, however rare, have been gone for while people have been trying their best to pay the debt back. So where's the fairness, where's the moral code of the creditor?

Your moral code, that you seem so intent on pushing on the OP is just yours, not theirs and certainly not mine.

As for lying, if a lie to a DMP provider about a pay rise keeps me sane and provides a little more for my family while still paying a massive chunk to creditors, then I would do it every time. It's not going to bring the house crashing down and everybody's happy.

xgingerx

Quote:
Originally Posted by crispycornflake
After what you've been through recently I would say you should keep the extra £'s for yourself and your kids, take yourself on a nice holiday and don't worry about it

Million percent agree, life's too short

Loo44

Thanks guys. Life's just too short - we are paying a big chunk monthly and I just wanted to keep a little bit by for my kids. They don't deserve this financial hardship - it's not their fault. Have spoken with PP and they understand so no moral dilemma here now. Thanks for all your comments. Xx:)

PS: would love a holiday, but the Costa del Home calls us again - let's hope we get some sunshine and maybe a day trip to the seaside xx

crispycornflake

The_Boss wrote: »

This is a wind-up, right?

Oh get off your high horse and get a life!!! Your'e not my boss perhaps you should go on holiday you might come back with a better attitude:D and no, it's not a bloody wind up!!!

The_Boss

crispycornflake wrote: »

Oh get off your high horse and get a life!!! Your'e not my boss perhaps you should go on holiday you might come back with a better attitude:D and no, it's not a bloody wind up!!!

I wont be going on a holiday (besides, you're not my boss ) until later this year to give me a chance to clear some debt first and also to benefit from lower prices

crispycornflake

The_Boss wrote: »

I wont be going on a holiday (besides, you're not my boss ) until later this year to give me a chance to clear some debt first and also to benefit from lower prices

Well good for you, have a blast when you finally do go knowing you can put your debt worries behind you:beer: and try not to be so judgemental when you return

Bettingmad

I am firmly in the 'Keep the extra' for yourself camp. If the creditors were ethical and did not raise their interest rates as you pay higher amounts then they would get more sympathy from me.

Sharkleys will jack up your interest regularly when the % payment you make rises against the level of debt. They are truly are the leeches of the credit industry. They also lie about the validity of CCA agreements, in my case an old Egg Card.

Use the extra to give you more wiggle room, or raise your allowances to lose absorb the increase.