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Not looking forward to DMP process

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  • Sadly without the SOA you're limited on the advice that the great people on here can give.

    I wish you well though - so many people have been on DMPs and actually said their budget got better, not worse, and living was easier :)

    HBS x
    "I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."

    "It's easy to know what you're against, quite another to know what you're for."

    #Bremainer
  • melysion
    melysion Posts: 801 Forumite
    edited 20 February 2015 at 3:13PM
    Hmm. The only advice I see I'm missing put on is what to cut down on but there is nothing else to cut down on so there's little point in sharing it. I don't have a problem with budgeting. I wasnt struggling at all in my old job. I have a problem trying to compensate for a massive drop in income. £10k is a insane drop but there is it. Better than no income at all ;)

    Thanks for the support anyway. I certainly hope that a DMP would improve things slightly otherwise there would be little point in organising one. I want to pay things off asap but I have no lifestyle at all at the moment - just work and home and the TV at the weekends. I have to send automatic nos to all invites - even a coffee. I know it's my own fault so not looking for sympathy or even a way our as I clearly deserve my fate. I just want to get just a tiny amount of my life back so I can go to the cinema once a month or something. ;)
  • melysion
    melysion Posts: 801 Forumite
    I imagine I will have to do a step by step budget thing with a DMP charity anyway so if there is a way of avoiding credit rating disaster it will be found. Having said that I never want a loan or credit card ever again so perhaps it doesn't matter. ;)
  • It seems like you have already been living to a very tight budget. A lot of us have defaults (mine fall off December this year!) and sadly they are sometimes not avoidable.

    Is there any chance that you could get a quick second job to earn enough money to keep you going to avoid having to have a DMP. It is a very personal question that I think you will hate but how much are you earning and how much do you owe?

    I earn £27k and owe £12k so that gives you an idea.
  • melysion
    melysion Posts: 801 Forumite
    I'm on £27k and owe about £22K. My work contract says no second job and no IVA/bankruptcy. I don't work in the financial sector but it appears that more other jobs are demanding these things
  • melysion
    melysion Posts: 801 Forumite
    I've done some tutoring on the side but that's come to an end now. That's a possibility but I need to come up with an extra £220 so it's a lot to ask out of a bit of tutoring.
  • FatVonD
    FatVonD Posts: 5,315 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Do you have room for a lodger?
    Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)

    December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.10
  • FatVonD
    FatVonD Posts: 5,315 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    edited 20 February 2015 at 4:25PM
    Also, have you arranged to pay your council tax over 12 months instead of 10? that will bring what you need to find down a little.
    Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)

    December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.10
  • melysion
    melysion Posts: 801 Forumite
    I live in a studio flat so a lodger is out of the question. Nice idea but no ;)
  • Get in touch with stepchange or another debt charity today. I am certain that they will be able to sort you out so that you can easily make the payments and actually live.

    The earlier you call them the faster you can sort all of this out.

    Good luck - you will be fine
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