Debt management plan - who's best?

TLJ_2

Hope this is in the right place!

I'm currently paying £200 into a DMP, about £40 of which is going to the company and they are shocking - every six months i get a letter from my old bank that my payments have stopped and my DMP company just tell me that its expired and needs to be set up again. Its doing my head in.

I've heard there are organisations or there that arrange DMPs for no charge - I never knew this! - but who is best to use? Any recommendations? I would even up my monthly payment to get this over with quicker. Thanks everyone!

Imma_Number

Here is a list of free places: http://www.moneysavingexpert.com/loans/debt-help-plan#help

Lots of people seem to swear by StepChange (4th on the list above)

scooterwife

Stepchange here as well, brilliant! lovely people :j

antonic

Payplan

As I`m a very satisfied customer

BUT I am sure all the free ones are better than the ones you pay fees to .

Getmeoutofdebt

Yourself!!!! I went self managed after getting advice from national debtline and going on their Cashflow programme. It really is not that difficult and the creditors seem to respond to you better than if they are dealing with a third party! Plus you don't need to pay fees!! If I can do it anyone can and I've had no major problems! I'm almost 2 years in and I have done really well so far! Only 1 year left and I should be clear!! I have put my diary on here if you want to see how I did it and I did another short diary after the first year which may help. I am happy to answer any questions you have!! Good luck & stay positive!! xx:T

Jemima09

I did mine through StepChange, excellent service and lovely people

Jason_Bourne_2

I use payplan who have been faultless.

Over 3 years into it and no problems at all.

Just make sure you change to one of the free services ASAP or even do it yourself.

National_Debtline

Hello there, as far as the free providers go we recommend Stepchange and Payplan.

If you do decide to have a go at self-negotiating there are two systems to give you a helping hand:

CASHflow: http://www.cashflow.uk.net/about-client
My Money Steps: https://www.mymoneysteps.org/public/about/what-is-my-money-steps/#

Best wishes,

David @ NDL

ReD_Not_DeaD

I too was with a paid for DMP.

I took over my own DMP and found creditors were only too happy to deal with me when i offered then a share of the fees that i was paying to the debt management company.

Good luck with what ever you decide.

Depth_Charge

National_Debtline wrote: »

Hello there, as far as the free providers go we recommend Stepchange and Payplan.

If you do decide to have a go at self-negotiating there are two systems to give you a helping hand:

CASHflow: http://www.cashflow.uk.net/about-client
My Money Steps: https://www.mymoneysteps.org/public/about/what-is-my-money-steps/#

Best wishes,

David @ NDL

Hi David

Have you seen the CAB one David? its just been granted a licence to make it available to all CABs in England & Wales and is going to be called CABmoney you don't need an adviser or invite and it saves everything?

No harm in giving people the choice

http://mymoney.nedcab.org.uk/moneyadvice/

http://mymoney.nedcab.org.uk/moneyadvice/dmptour.asp

DC:)

Issuma

TLJ wrote: »

Hope this is in the right place!

I'm currently paying £200 into a DMP, about £40 of which is going to the company and they are shocking - every six months i get a letter from my old bank that my payments have stopped and my DMP company just tell me that its expired and needs to be set up again. Its doing my head in.

I've heard there are organisations or there that arrange DMPs for no charge - I never knew this! - but who is best to use? Any recommendations? I would even up my monthly payment to get this over with quicker. Thanks everyone!

I agree with Getmeoutofdebt, you can do this yourself, I have self managed my DMP from day 1 with a high level of debt and have had no trouble with my creditors whatsoever.

Good luck on your journey, we're all here to help !!