DMP & Mutual Support Thread - Part 10

Time_to_face_the_music

wolves69 wrote: »

Hi peeps long time lurker just setting up my dmp with a local charity in my area,ive got 4 creditors Lloyd's loan £ 10,000,Lloyd's cc £ 1900 Barclaycard £2700 and littlewoods £320 im just switching dd to my new account with natwest i haven't defaulted on my payments yet and by the way my debts ar due to gambling, any advice would be much appreciated thnx:(

Hi and welcome wolves69 :hello:

You won't get any judgement here, just help, advice, support and the benefit of other's experience. So please stick around and ask anything you need help with.

TTFTM x

Puzzcat

wolves69 wrote: »

Thnx puzzcat,my own fault I'm in this situation i done the old thing ( if theres such thing)got myself in a good healthy and stable position about £2500 in the black then thebank phonened me 1 day do you want a credit card that was it started gamblimg big time, dont get me wrong ive always had a dabble in gambling but i dont know why i started to think i could pee ith the big boys if you know what i mean, any way I'm in the procedure of sorting out a g a group, sorry if its a bit here and there but thats a start of my story p.s theres more to come:(

We are all here for different reasons but the same ultimate aim. Sir mb, the man of a million languages also dabbled with gambling I believe and I'm sure he will pop up soon with a wealth of advice....not sure in what language mind!!! Best get a translation site ready...:D He also owns a lion and a donkey with stripey stockings but that's a whole different story...

tayajade

Hello again,

I am in the process of setting up my DMP pay plan are contacting my creditors, i have been asking a lot of questions since signing up to the thread 2 days ago (thank you for your responses). I am planning to sign up to noodle and check my credit report, something that i have never done and to be honest i am sweating over slightly!

I havent defaulted on any payments before going into the DMP, this month while pay plan are in talks with my creditors i will be making token payments of 5 pounds to each one but all in all by august i will start making my pay plan payments.

i have seen mixed things regarding credit files being marked with AP and Default, some posts have basically said that it is best not to pay anything until you get a default because if you are able to pay a decent amount (we will be paying 570) you will get an AP on your file instead. We do have a home to protect so i probably want to avoid ccj's etc which i guess would be more likely if i just stopped paying but at the same time i am concerned that these AP's stay on your file for 6 years after its settled.

One poster said that they complained to the FOS and she was told that an AP looks better on your credit file than nothing at all???

My question is am i doing the right thing in setting up the DMP so soon or should i have offered token payments for a while to get a default and is an AP worse to have on your file than a default? I may be too late as pay plan wouldn't take kindly to me putting things on hold at this point!

Thank you in advance, any advice would be great!

7839matth

Thanks for the replies everyone.

I will contact StepChange on Monday as soon as i get the opportunity and inform them about the rejection, i only found out yesterday and i have been epically busy at work today.

Should i be worried about the companies that have yet to acknowledge the DMP?

They will have payments due in within the next few days.

I just need to sort out this wage issue that could cause some dramas, which can be read about on my other post, (Cant post links yet)

Again, thanks for the advice and support!

Puzzcat

tayajade wrote: »

Hello again,

I am in the process of setting up my DMP pay plan are contacting my creditors, i have been asking a lot of questions since signing up to the thread 2 days ago (thank you for your responses). I am planning to sign up to noodle and check my credit report, something that i have never done and to be honest i am sweating over slightly!

I havent defaulted on any payments before going into the DMP, this month while pay plan are in talks with my creditors i will be making token payments of 5 pounds to each one but all in all by august i will start making my pay plan payments.

i have seen mixed things regarding credit files being marked with AP and Default, some posts have basically said that it is best not to pay anything until you get a default because if you are able to pay a decent amount (we will be paying 570) you will get an AP on your file instead. We do have a home to protect so i probably want to avoid ccj's etc which i guess would be more likely if i just stopped paying but at the same time i am concerned that these AP's stay on your file for 6 years after its settled.

One poster said that they complained to the FOS and she was told that an AP looks better on your credit file than nothing at all???

My question is am i doing the right thing in setting up the DMP so soon or should i have offered token payments for a while to get a default and is an AP worse to have on your file than a default? I may be too late as pay plan wouldn't take kindly to me putting things on hold at this point!

Thank you in advance, any advice would be great!

Hi,
Unfortunately you can't depict what the creditors will do. Unlike others Halifax have sold me and very early on, but others are still fighting.. I did 3 months token payments, I think each case is treated on an individual basis and you can't assume it will be the same for you. The time for fighting ap's for defaults is after the dmp has been up and running for awhile. My goal is to be debt free, I don't really care about my credit file as I never want credit again..

ghostmadlittlemiss

Hi everyone,

Just thought I'd pop in and say hello as I've been lurking on here for a little while. I've just started my DMP with StepChange, my first payment went out earlier this month and my God, is it quiet! After a year of phone calls off my various creditors (I had a nervous breakdown and disappeared off the map for awhile. I've been better for a while but have only recently started tackling my debts), the phone has barely rung at all since I started. It's bliss.

I've also recently started working for myself and am loving the freedom. I sell cleaning products to businesses so I have some admin work at home and some appointments with businesses to give them samples of the products. So it's a nice mix of both worlds. The only problem at the moment is that I don't have a car so I'm having to do all the sample deliveries by bus. I live in Bath though which has quite a regular bus service to most places so it could be worse.

Anyway, sorry for the marathon post, just thought I'd join the thread as it looks like it'll be quite useful.
Kayleigh

Puzzcat

ghostmadlittlemiss wrote: »

Hi everyone,

Just thought I'd pop in and say hello as I've been lurking on here for a little while. I've just started my DMP with StepChange, my first payment went out earlier this month and my God, is it quiet! After a year of phone calls off my various creditors (I had a nervous breakdown and disappeared off the map for awhile. I've been better for a while but have only recently started tackling my debts), the phone has barely rung at all since I started. It's bliss.

I've also recently started working for myself and am loving the freedom. I sell cleaning products to businesses so I have some admin work at home and some appointments with businesses to give them samples of the products. So it's a nice mix of both worlds. The only problem at the moment is that I don't have a car so I'm having to do all the sample deliveries by bus. I live in Bath though which has quite a regular bus service to most places so it could be worse.

Anyway, sorry for the marathon post, just thought I'd join the thread as it looks like it'll be quite useful.
Kayleigh

Hi kayleigh and welcome.
Puzz.x

tayajade

Puzzcat wrote: »

Hi,
Unfortunately you can't depict what the creditors will do. Unlike others Halifax have sold me and very early on, but others are still fighting.. I did 3 months token payments, I think each case is treated on an individual basis and you can't assume it will be the same for you. The time for fighting ap's for defaults is after the dmp has been up and running for awhile. My goal is to be debt free, I don't really care about my credit file as I never want credit again..

Thank you puzzcat, I will just wait and see what happens then, thank you for the reply. I agree my goal is also to be debt free the only reason for my concern about my credit rating is that we would really like to move house at some point in the future as we have two small children who currently share a bedroom but we won't be able to do this until our credit rating is clear again We are definately not looking to take out credit cards or loans ever again

Growurown

Monkeyballs wrote: »

Konnichiwa Yujin

Showoff:rotfl:

Monkeyballs

wolves69 wrote: »

Thnx puzzcat,my own fault I'm in this situation i done the old thing ( if theres such thing)got myself in a good healthy and stable position about £2500 in the black then thebank phonened me 1 day do you want a credit card that was it started gamblimg big time, dont get me wrong ive always had a dabble in gambling but i dont know why i started to think i could pee ith the big boys if you know what i mean, any way I'm in the procedure of sorting out a g a group, sorry if its a bit here and there but thats a start of my story p.s theres more to come:(

Morning Wolves,

Debt is debt is debt... I think it effects bankruptcy (or it used to I think) but doesn't impact a DMP.

The main thing is that you've stepped up and owned up to having a problem and you're doing something about it which takes a lot of guts to do so good for you :beer:

You've not mentioned where you're gambling but what you need to do ASAP is start blocking any software from running on your computer, do self exclusion at the bookies and casinos you use (you'll need 2x passport size pics for each chain, don't go in with money as it's free to self exclude so leave your wallet at home) and contact GAMCARE who will be able to listen to you and offer a bit of guidance as well as put you in touch with meetings or possibly even 1:1 counselling in your area.

Now those debts of yours... Do you really only have debts with the four creditors mentioned or do you also have any small "in control" PDL's or phone contracts, etc? If you have read through the whole thread then you'll have seen that we don't judge here

MB of G