DMP & Mutual Support Thread - Part 10

Growurown

Happy New Year everyone!

sickasachip13

:j Hey all, I haven't been around these parts for a while, but I thought I'd pop in and say Happy New Year. Another day closer to our debt free days :beer:

Lighthelamp

Slothy88 wrote: »

Everything is set up with SC!! They are now in the process of contacting all of my creditors, I have my log in and have updated all of my debts on there (since they have strafed charging me for being in arrears haha). My DFD is going to be 30th May 2018 according to SC, but my 30th birthday is 1st March, so my aim is to be debt free by then. Realistic I'd say, assuming everything goes well.

My OH took me shopping and to the cinema today as part of my Christmas present, and he bought me a very plain cardboard ring binder file. He said we're going to decorate it with colourful, pretty things and photos of us, so that even if my DMP contents are ugly, at least they'll be in a pretty file

Hope everyone has a LOVELY New Year's Eve - I'll be on call in my volunteer job with the ambulance service, so if you're celebrating have a drink for me (and for everybody else considering or on a DMPS right now!)

Well done Slothy, I like the idea of your file lol, I am only 2 months into my SC DMP so we are in the same boat. I feel already like I have got my life back as I have room to breathe now, no money for any extras but at least I can pay the monthly bills without borrowing more to pay each month. Its the start of a long road but those who are already years down the line are giving me hope that I will see the end of the tunnel some day. Happy New Year!

KrazyKel

Hi Everyone
Happy New Year

I have a quick question, I am contacting Stepchange next week looking into a DMP
Im looking for a basic banc account, I've been looking at Co-Operatvie Bank.
I know I need a basic with no overdraft but is it the Basic Current Account or the Cashminder account that I need....?

(Have debts with Barclaycard, Asda CC, Virgin, MBNA and Nationwide)

Thanks

Ellieseleven

Hi KrazyKel,

I tried to go for a basic account with the Co-op at the start of my DMP but was refused so went with the Cashminder one. I think most people go for this one.

I haven't found any problems with the Cashminder account at all, I can pay online, set up DD's etc. I don't have a cheque book but who pays by cheque these days?

Ellie xx

KrazyKel

Ellieseleven wrote: »

Hi KrazyKel,

I tried to go for a basic account with the Co-op at the start of my DMP but was refused so went with the Cashminder one. I think most people go for this one.

I haven't found any problems with the Cashminder account at all, I can pay online, set up DD's etc. I don't have a cheque book but who pays by cheque these days?

Ellie xx

Thank you, Can the cashminder do everything like a current account?
DD's. Pay going in, use card in the shops and can I also link/use it for my PayPal/ebay account too do you know? as thats with my HSBC at the moment (along with my overdraft grr)

SquirrelNuts

KrazyKel wrote: »

Hi Everyone
Happy New Year

I have a quick question, I am contacting Stepchange next week looking into a DMP
Im looking for a basic banc account, I've been looking at Co-Operatvie Bank.
I know I need a basic with no overdraft but is it the Basic Current Account or the Cashminder account that I need....?

(Have debts with Barclaycard, Asda CC, Virgin, MBNA and Nationwide)

Thanks

I opened a regular current account at Santander (I didn't apply for an overdraft though).

I did this before I started making £1 token payments so my credit reports were still in good shape at that point, and I had no problem at all in opening the account.

Ellieseleven

KrazyKel wrote: »

Thank you, Can the cashminder do everything like a current account?
DD's. Pay going in, use card in the shops and can I also link/use it for my PayPal/ebay account too do you know? as thats with my HSBC at the moment (along with my overdraft grr)

Yes, it does everything apart from give you a cheque book and an overdraft. I have mine linked to Paypal and use it in the shops as normal. My salary goes in there and I have DD's on there too.

Ellie xx

GibbsRule_No3

I have had this account since January 2010 when I started a DMP and the only time I ever had a problem with it was when I tried to buy tickets to Buckingham Palace open day events on the web. It was because, despite it saying Visa it was really an Electron card. I just phoned instead each time I visited and that was fine. Setting up DDs and SOs was easy via the little calculator looking gadget that they sent me. My card runs out at 2/15 so I am wondering if the new one will come with the new swipe at till option. I am steeling myself to try and open a different account with someone now my DMP has finished and my savings, since finishing the DMP in July have grown vastly.

phoenixx

Another hour and a half to Barclays with the following 'grand' advice. The only way they will stop their punitive interest is if we reduce payments to next to nothing and get defaulted...I can barely believe this is their attitude. Said I'd have to leave SC if that were the case and they said: 'That may be the best thing to do'. Unbelievable! So much for the 'special relationship' SC supposedly have with BC...Oh and yes it is fair (their words) for people in our situation to pay off debt indefinitely! If it is in the interests of their business!!