Payplan DMP ends in a few months.

Monster_munch

I have a DMP with Payplan which has an end date of February next year. I owe less than 5k to seven creditors (one has just written off £300 owed to it) . I pay £500 per month. The two highest creditors are owed 1k and 2k. The others are obviously far less. I note from checking my payplan account that one creditor has just sold the debt of 1k on to Paragon, who own two of my other debts too.

At what point will payplan make a full and final offer? Or, won't this happen and do I just keep paying the £500 per month until next February.

The initial debt was 33k, following divorce and a husband who dumped a load of his luxuries onto my cards, then left. I have paid it off, increasing payments as much as I can.

Clearly, I'm looking forward to the end, which is now within sight, but I don't find payplan to be particularly helpful and wondered what others had experienced, at this stage.

Thanks.

sourcrates

Hi,
They won't make any offers to your creditors, that's your job, if you wish to do that.
If you have the cash to do it, then by all means do so, but don't involve pay plan, it's best if you negotiate with them yourself.