DMP always accepted

lolsy_2

Hi there

I am a complete (and naive!) newbie!


I have completed the Step Change debt remedy tool and they are sending out the Dmp application pack. I have 2 questions, are 'applicants' always accepted and is the amount that they give you that they suggest you could pay to creditors what you actually end up paying each month?


Sorry if these are silly questions and/or have been asked a million times


L

Tixy

Hi

Assuming you meet their criteria then yes I believe applicants are always accepted.

Once you have finalised a budget with them then that is what you would pay (until your next review/you have a change in financial circumstances)

seanavfc92

lolsy wrote: »

Hi there

I am a complete (and naive!) newbie!


I have completed the Step Change debt remedy tool and they are sending out the Dmp application pack. I have 2 questions, are 'applicants' always accepted and is the amount that they give you that they suggest you could pay to creditors what you actually end up paying each month?


Sorry if these are silly questions and/or have been asked a million times


L

Hi lolsy,

Well done in taking the first step!

Providing you can afford to pay each creditor at least £5 a month, you will be accepted on to a DMP. StepChange won't turn anyone away who are in need of help!

As for your deposit amount, every penny that you give to SC will go towards paying your debts off

lolsy_2

Thanks so much for your replies. I already feel like a weight has been lifted. This seems like a great forum with lots of support so I will definitely be on here more x

its_maths_not_magic

Welcome to the forum! You've taken a great first step and as others have pointed out stepchange is a great organisation run by really lovely staff.

Another thing that can help you is to post a statement of affairs (SOA) here (there is a link in the last sticky of this part of the forum) and some people will go through it to see where you can cut down on spending.

Good luck with your new journey.

katy_ann

Ive had a massive change in circumstance and have just signed up for a new DMP with Stepchange, paperwork should hopfully be here tomorrow!

lolsy_2

Thanks again everyone! Will have a look at the SOA. Hi Katy! X