DMP & Mutual Support Thread - Part 10

Hutch11

I'm 2 months into my DMP with stepchange and feel more stressed than ever. Maybe it's normal to feel this way at the beginning but I'm getting letters every couple of days from stepchange saying a creditor has refused the offer but not to worry cos they'll pay the proposed amount anyway or it's been passed to someone else. I've also had creditors contact me saying they've not got any contact from stepchange. Is this all normal please? I'm just worried that by going down the DMP route I've made things worse.

Puzzcat

Hutch11 wrote: »

I'm 2 months into my DMP with stepchange and feel more stressed than ever. Maybe it's normal to feel this way at the beginning but I'm getting letters every couple of days from stepchange saying a creditor has refused the offer but not to worry cos they'll pay the proposed amount anyway or it's been passed to someone else. I've also had creditors contact me saying they've not got any contact from stepchange. Is this all normal please? I'm just worried that by going down the DMP route I've made things worse.

All quite normal... Stepchange will just keep paying them.. I assume you have contacted stepchange to ensure they have all the right information for the creditors who are saying they haven't heard anything? I had this with one, how many are saying they haven't heard anything? Its probably just different departments not talking to each other.
Try not to let it stress you, you are doing a good thing getting your debts sorted.
Puzz. x

jubilee14

Hutch11 wrote: »

I'm 2 months into my DMP with stepchange and feel more stressed than ever. Maybe it's normal to feel this way at the beginning but I'm getting letters every couple of days from stepchange saying a creditor has refused the offer but not to worry cos they'll pay the proposed amount anyway or it's been passed to someone else. I've also had creditors contact me saying they've not got any contact from stepchange. Is this all normal please? I'm just worried that by going down the DMP route I've made things worse.

Yep all quite normal i had issues particularly with my bank loan as we didnt have the account details and BOS couldnt seem to tally up my loan nr with their details. It did eventually get sorted and were first to default so its not all bad.

Good luck and just drop in here for any wobbles worries or wails needed to get you through the first few months..... and beyond

jubilee14

Puzzcat wrote: »

I'm into the 52's.......


puzz. x

Brilliant Puzz... and am inspired by your xmas pot for 2015. will set mine up too.

Mum2three

Hi, currently on a dmp with payplan and my end date where everything is paid off is 2050. I will be 64 just seems so long away

Puzzcat

Mum2three wrote: »

Hi, currently on a dmp with payplan and my end date where everything is paid off is 2050. I will be 64 just seems so long away

Hi mum2three,
I assume you have been through the different options ie; iva, bankruptcy etc and the dmp is the best for you? 35 years is a very long dmp, but all sorts will change during this time, work, payrises, kids growing up and contributing to the household budget, who knows what financial changes are ahead for any of us! Hopefully you will be able to increase payments over time and reduce the length of the dmp.

Do make sure it is the best route of debt freedom for you. Stepchange have an online debt tool you can use, which may give you other options or you may have already done all this, hence the dmp.
Stick around, we love company!
Puzz.x

Mum2three

Puzzcat wrote: »

Hi mum2three,
I assume you have been through the different options ie; iva, bankruptcy etc and the dmp is the best for you? 35 years is a very long dmp, but all sorts will change during this time, work, payrises, kids growing up and contributing to the household budget, who knows what financial changes are ahead for any of us! Hopefully you will be able to increase payments over time and reduce the length of the dmp.

Do make sure it is the best route of debt freedom for you. Stepchange have an online debt tool you can use, which may give you other options or you may have already done all this, hence the dmp.
Stick around, we love company!
Puzz.x

Thank you, was advised about a debt relief order but for now the dmp sounds like the best option. We have very little money to give the creditors which is why it's going to take so long. Waiting on confirmation about the mini credit account which would reduce the amount we owe quite a lot. Will deff stick around, apart from my husband no one knows about the dmp so is quite overwhelming

blisteringblue

Grr, bought something from US on black Friday for $24 (about £15) and just been invoiced £17 by Fedex on top of the $25 I paid postage. Some proper keyboard warriers on the consumer rights board which is brightening up my Friday.

Anyway Happy DMP Xmas one and all. I've not quite finished yet, got a couple of trips Monday and Tuesday and then can relax.

:xmastree: :xmassign:

Puzzcat

Mum2three wrote: »

Thank you, was advised about a debt relief order but for now the dmp sounds like the best option. We have very little money to give the creditors which is why it's going to take so long. Waiting on confirmation about the mini credit account which would reduce the amount we owe quite a lot. Will deff stick around, apart from my husband no one knows about the dmp so is quite overwhelming

No one knows about mine either, we're like a secret club!

Puzzcat

blisteringblue wrote: »

Grr, bought something from US on black Friday for $24 (about £15) and just been invoiced £17 by Fedex on top of the $25 I paid postage. Some proper keyboard warriers on the consumer rights board which is brightening up my Friday.

Anyway Happy DMP Xmas one and all. I've not quite finished yet, got a couple of trips Monday and Tuesday and then can relax.

:xmastree: :xmassign:

Hi bb, just had a peak at your other thread...some posters on here can be a little hmmmm rude! Not like our lovely dmp thread!
Impressive percentage figure your parading in your Sig...go you..
Merry Christmas to you and yours I hope you have a fine time.
Puzz.x