DMP & Mutual Support Thread - Part 11

2017spark

motivated wrote: »

Well done for getting your DMP all sorted you must be so relieved.

We are doing ok. Still waiting for confirmation from SC. Had a call the other day just to check a couple of things on the budget so hopefully we will hear this week. We are both so much more relaxed now I can't tell you. We haven't been like this for a loooong time

My new file is going to be for any SC paperwork and any important documents. I feel like even having that is a new start for us. The other non important stuff is sitting in the incinerator waiting to be burned

M

To be honest, I feel like a bit of a cheat! It's been so easy! I completed the online remedy tool, got the advice to do a DMP, signed paperwork and provided account details for those in the plan.
I've had just 2 short phone calls with SC but I'm all set to go 1st May, so a couple of months to get used to it all and I'm on my way.
I know it's not going to be easier, but the thought of just one payment each month, and some backup if things get tough, I can't wait!!
Good luck with finalising your plan and getting going xx

sourcrates

2017spark wrote: »

To be honest, I feel like a bit of a cheat! It's been so easy! I completed the online remedy tool, got the advice to do a DMP, signed paperwork and provided account details for those in the plan.

It is easy, people expect to be made to jump through hoops, but it just does not happen like that at all.

But you should not feel like a cheat, these solutions exist for a very good reason, things happen in life that we have no control over, and everyone deserves a safety net.

Do not feel sorry for your creditors either, they plan these things into their business models, so they rarely lose out when people default.

You have made the right choice for your situation, i cant tell you how difficult it can be reading peoples posts before they have there LB moment, they go on about "0%" deals, then when they run out its consolidation, when that goes wrong, they finally realize they should of gone to debt management previously.

You are doing the right thing believe me.

January2015

2017spark wrote: »

To be honest, I feel like a bit of a cheat! It's been so easy! I completed the online remedy tool, got the advice to do a DMP, signed paperwork and provided account details for those in the plan.
I've had just 2 short phone calls with SC but I'm all set to go 1st May, so a couple of months to get used to it all and I'm on my way.
I know it's not going to be easier, but the thought of just one payment each month, and some backup if things get tough, I can't wait!!
Good luck with finalising your plan and getting going xx

It is going to easier. Life will be better and worry will lift from your shoulders. I've been there

One piece of advice - make sure you do save the amounts in categories for hairdressing, repairs, maintenance, clothing etc. etc. Don't make the mistake of using those amounts to live on day to day. They really are there for saving until they are needed for those bits and pieces.

Enjoy your DMP. :beer:

motivated

January2015 wrote: »

It is going to easier. Life will be better and worry will lift from your shoulders. I've been there

One piece of advice - make sure you do save the amounts in categories for hairdressing, repairs, maintenance, clothing etc. etc. Don't make the mistake of using those amounts to live on day to day. They really are there for saving until they are needed for those bits and pieces.

Enjoy your DMP. :beer:

Following your advice and already I am putting money into my second savings account ready for car tax insurance and things like that. I have put our emergency fund in a separate savings account. As Sourcrates said I already wish I had done this sooner.
M

Sazzie23

Hey we went a whole day without a post, things must be settling down again.

Saz

Debtfreehopeful

I am so worried! My wages have been paid into my Santander account who I owe money to and are included in my DMP! I gave my employer my new bank details too. I don't know what to do as I have no money. Please can someone advise. Thanks.

Keezing

Debtfreehopeful wrote: »

I am so worried! My wages have been paid into my Santander account who I owe money to and are included in my DMP! I gave my employer my new bank details too. I don't know what to do as I have no money. Please can someone advise. Thanks.

Just transfer the money over to your correct account.

Nothing bad will happen :-)

Debtfreehopeful

Thanks Keezing- I tried transferring it online but it wouldn't go through because I'm in the red- my wages have reduced my overdraft

sourcrates

Debtfreehopeful wrote: »

Thanks Keezing- I tried transferring it online but it wouldn't go through because I'm in the red- my wages have reduced my overdraft

Ring the bank, explain your problem.

They have to leave you money to live on, insist the funds get transferred.

Be persistent !!!

Debtfreehopeful

Thanks Sourcrates. I phoned SC who said to call inbranch- I'm going to phone them now and be firm- wish me luck