reduce credit card repayments until DAS/DMP

desperado88

As above been to see citizens advice today..... cant see a DAS adviser until may(first available appointment).the cab guy phone the credit card companies just now and say you cant afford the payment this month and ask if they will reduce it ,i.e say i was off sick or something and they will reduce it "will they really do this "
he said not to mention the das thing but to say iam under a lot of stress.

sickasachip13

Hi,

Out of interest did you consider going with StepChange or Payplan? Both of these provide free DMPs. I've been with Stepchange for a number of years and they've been great. I only ask as it could hurry things up a bit. They answer questions in the thread at the top of this forum page: http://forums.moneysavingexpert.com/forumdisplay.php?f=76 'Struggling with debt...'

But, regardless, most people as the DMP is gettting prepared will make only a token payment of £1 to creditors.

SAAC

National_Debtline

Hello there,

You can write to your creditors to let them know that you are in the process of applying for a Debt Payment Programme under the Debt Arranengement Scheme. You can ask them to hold action until the arrangement is set up. You may wish to offer a token payment to show goodwill although this is purely optional.

We have a sample letter that you can use on our website, you can find it here:

https://www.nationaldebtline.org/S/sampleletters/sole-letters/Pages/Hold-action-on-your-account-%28sole-name%29.aspx

Best wishes,

David @ NDL.

desperado88

Thanks for the replies,i am about to phone halifax now...just got out of bed been sleepingfor about three days and cant face even eating iam so worried.cab adviser just said what are you worried about it is all unsecured dont worry about it....god if only it was that easy!

desperado88

well just off the phone to halifax cc the guy i spoke to suggested stepchange and said maybe the could help even quicker than CAB and said they work closley with them....could,nt reduce the rate though or change the due date.
so now the dilemma is to continue with cab or go with stepchange.....!!!

sickasachip13

Hi,

That's what I said too!!

Anyhow, one of the benefits of Stepchange is that things will get moving very quickly, I think that when people have made the decision to start this, it's good to grab that momentum.

Let's face it the CAB isn't going to be annoyed - they'll be pleased you're getting good help and it frees up that appointment for someone else!

BTW, here's a thing I wrote ages ago about our DMP starting: http://moneyaware.co.uk/2011/09/my-debt-hell/

SAAC

desperado88

sickasachip13 wrote: »

Hi,

That's what I said too!!

Anyhow, one of the benefits of Stepchange is that things will get moving very quickly, I think that when people have made the decision to start this, it's good to grab that momentum.

Let's face it the CAB isn't going to be annoyed - they'll be pleased you're getting good help and it frees up that appointment for someone else!

BTW, here's a thing I wrote ages ago about our DMP starting: http://moneyaware.co.uk/2011/09/my-debt-hell/

SAAC

i know and thank you......I was wondering about the soa questionare thing,is it best to be totally honest,meaning say you need more or less to live on or do they just set a figure for you....

sickasachip13

They have broad guidelines that set acceptable boundaries I guess is the best way to explain it. For example, we spend more on pets than they would really want to see - we can't do anything about that except wait for natural wastage!! So we claim the maximum for pets which is £20 pm and I, personally, capture the rest by claiming £5pw on magazines and newspapers (which I don't actually buy).

It is worth knowing that the folks at Stepchange really are not judgemental at all and, I'm sure, they will have heard many a hair-raising tale so are not shockable.

SAAC

Puzzcat

Sorry your feeling so low. Have you contacted stepchange? If you don't feel up to speaking to anyone have a go at the debt remedy tool on the stepchange website. If you take some positive action you may feel better for it.
Take care.