DMP & Mutual Support Thread - Part 11

sourcrates

OrganisedNic wrote: »

January, the SO for the first direct loan is from the first direct current account I hold and whenever I try to do it online, it tells me to ring for further advice.

I only assume it's because I set it up when I agreed to the loan.

You need to write and specifically tell them not to take payment then.

First direct are usually pretty good.

January2015

OrganisedNic wrote: »

January, the SO for the first direct loan is from the first direct current account I hold and whenever I try to do it online, it tells me to ring for further advice.

I only assume it's because I set it up when I agreed to the loan.

sourcrates wrote: »

You need to write and specifically tell them not to take payment then.

First direct are usually pretty good.

I agree with Sourcrates - write and tell them to cancel the standing order, in light of your financial situation and moving to a DMP, and confirm payments to the loan will be included in your DMP in future.

Don't worry about this - creditors, including First Direct, will be used to things like this happening.

OrganisedNic

Thankfully first direct rang me just now to let me know they've received my letter of token payment and will give me 60 days breathing space. they were relatively good with me but did question a couple of payments out of my account and asked why I asked for the loan in the first place and I struggled to be able to answer with conviction.

But that's the biggest and first creditor out of the way at least so onwards and upwards.

ANewLeaf

Has anyone else got impatient hhen they started getting close to the end of their DMP?

We started out in May 2013 owing a whopping 80k and it now stands at 27k, I'm currently paying £1310 pm but can increase that to £1560 in January, and ill have a lump sum of 3k in march to fling towards it too.

So I reckon with a few overpayments here and there where possible I can be debt free for the first time in 17 years in around 15 months.

Itfeels so near I don't want to spend any money to get rid of it as fast as I can, but also its still over a year away so still feels a long way off and I'm getting frustrated.

Anyone else find the closing stages tough?

January2015

OrganisedNic wrote: »

Thankfully first direct rang me just now to let me know they've received my letter of token payment and will give me 60 days breathing space. they were relatively good with me but did question a couple of payments out of my account and asked why I asked for the loan in the first place and I struggled to be able to answer with conviction.

But that's the biggest and first creditor out of the way at least so onwards and upwards.

Well done - that's one hurdle out of the way. It really does get easier as the DMP process settles in. :beer:

[Deleted User]

ANewLeaf wrote: »

Has anyone else got impatient hhen they started getting close to the end of their DMP?

We started out in May 2013 owing a whopping 80k and it now stands at 27k, I'm currently paying £1310 pm but can increase that to £1560 in January, and ill have a lump sum of 3k in march to fling towards it too.

So I reckon with a few overpayments here and there where possible I can be debt free for the first time in 17 years in around 15 months.

Itfeels so near I don't want to spend any money to get rid of it as fast as I can, but also its still over a year away so still feels a long way off and I'm getting frustrated.


Anyone else find the closing stages tough?

That really is an amazing amount to have paid off in such a short time. ANewLeaf:j. Massive congratulations:beer::T:dance:


I thought I was doing well clearing over half of my starting debt of just under £57000 in about the same time. Trouble is I'm paying mine by myself out of the 2 pensions that I get and only receive about £60 a month more than you are paying towards your debts and I have to pay all my outgoings from that:eek:. I'm still really chuffed that I too am down to under £27000 still owing but my DFD will be just over 3 years away.


I'm not near enough to the finishing line yet to be impatient and frustrated as such but I have seen people posting about having the feeling of 'wishing their lives away' as they approach the end. I certainly do that, even to the extent of colouring in squares on a little chart I've made:o (where all the remaining squares are now clearly visible without having to unfold the page:rotfl:). How sad am I, eh?


Good Luck:beer:. Don't forget to come back and let us know when you are finally debt-free so we can celebrate with you_party_:dance:

lumpyspaceprincess

I may need to contact SC - CABOT never defaulted me as my payment to them covered the minimum, but they have started sending letters about late payment and requesting a chunk to clear the backlog. Erm, nope! I don't want a new default now though, not 2 years after everything else

[Deleted User]

Sorry, this is probably the wrong thread to ask on:o but I thought someone here would have the knowledge to solve an issue.

I filled in a form to send off for something by post, completed all my debit card details and date etc (I don't have a chequebook). I didn't sign the form because I was in two minds about sending it and was giving myself some thinking time. I must have had brain-fade or something because I inadvertently sealed up the envelope and without my knowing OH popped it in the post:mad:.


I definitely didn't sign the form (neither did OH forge my signature) but today when I checked my bank account online I see the money was taken from my bank yesterday. I expect the goods will arrive next week.


What I want to know is if it is illegal to take payment for something when the payment form is not signed and the signature box is left blank. This was not a DD mandate, it was a one-off payment for goods from a reputable company by using a debit card.


Thanks for any advice:beer:

Ellieseleven

ANewLeaf wrote: »

Has anyone else got impatient hhen they started getting close to the end of their DMP?

We started out in May 2013 owing a whopping 80k and it now stands at 27k, I'm currently paying £1310 pm but can increase that to £1560 in January, and ill have a lump sum of 3k in march to fling towards it too.

So I reckon with a few overpayments here and there where possible I can be debt free for the first time in 17 years in around 15 months.

Itfeels so near I don't want to spend any money to get rid of it as fast as I can, but also its still over a year away so still feels a long way off and I'm getting frustrated.

Anyone else find the closing stages tough?

Wow! That's an amazing achievement...Well Done;)

I know those feelings well, I remember feeling fed up and frustrated when I had about two years to go. I found that if I broke down everything into achievable regular milestones it did help reduce the frustration and I could concentrate on smaller chunks. This made me feel as though I was achieving something every 2/3 months.

I am now almost at the end of my DMP and have just three payments to go before I am debt-free. I have a feeling that those 3 months are going to seem a looong time:o

Ellie x

sourcrates

carbootcrazy wrote: »

Sorry, this is probably the wrong thread to ask on:o but I thought someone here would have the knowledge to solve an issue.

I filled in a form to send off for something by post, completed all my debit card details and date etc (I don't have a chequebook). I didn't sign the form because I was in two minds about sending it and was giving myself some thinking time. I must have had brain-fade or something because I inadvertently sealed up the envelope and without my knowing OH popped it in the post:mad:.


I definitely didn't sign the form (neither did OH forge my signature) but today when I checked my bank account online I see the money was taken from my bank yesterday. I expect the goods will arrive next week.


What I want to know is if it is illegal to take payment for something when the payment form is not signed and the signature box is left blank. This was not a DD mandate, it was a one-off payment for goods from a reputable company by using a debit card.


Thanks for any advice:beer:

Don't know to be honest, does it matter ?

You did want the goods yes ?