We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Starting debt free journey - need advise
77blondie
Posts: 46 Forumite
HI all
I am starting my debt free journey. At the minute i have £20k in unsecured debts and a house which has been voluntarily repossessed with negative equity of approx £70,000. I am trying to arrange a Debt Management plan and have been in contact originally with Payplan and then have tried to organise with creditors directly. Question is - is it better to use payplan (not all have agreed yet as early stages)? Payplan are to ring back tomorrow to go through everything and then start ringing creditors. Am I better to let them do it or do it myself? Totally confused. Will Payplan be able to convert a DMP to an IVA in time as we tried an IVA but our majority creditor rejected it at the minute.
I am starting my debt free journey. At the minute i have £20k in unsecured debts and a house which has been voluntarily repossessed with negative equity of approx £70,000. I am trying to arrange a Debt Management plan and have been in contact originally with Payplan and then have tried to organise with creditors directly. Question is - is it better to use payplan (not all have agreed yet as early stages)? Payplan are to ring back tomorrow to go through everything and then start ringing creditors. Am I better to let them do it or do it myself? Totally confused. Will Payplan be able to convert a DMP to an IVA in time as we tried an IVA but our majority creditor rejected it at the minute.
bankrupt may
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards