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Can you make overpayments when on a DMP with stepchange?

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dreamywings1
dreamywings1 Posts: 420 Forumite
in Debt-free wannabe challenges
Im on a DMP with stepchange and they pay my creditors direct for me. Is it possible to make over payments to reduce debt when on a managed DMP?
total debt at LBM £4800
Debt as of Mar 2016 £1790 Hope to be debt free July 2016:eek:
Sealed pot challenge number 552

Comments

  • Toomuchdebt
    Toomuchdebt Posts: 2,133 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No not easily which is why I left stepchange and moved to a self-managed DMP instead.
    Debts Jan 2014 £20,108.34 :eek:

    EF #70 £0/£1000

    SW 1st 4lbs
  • dreamywings1
    dreamywings1 Posts: 420 Forumite
    Hummm, maybe then as its only really a short period of time till my debt is clear it would be more beneficial in the long run to maybe use any extra money I have and put it into a savings account......dunno what to do
    total debt at LBM £4800
    Debt as of Mar 2016 £1790 Hope to be debt free July 2016:eek:
    Sealed pot challenge number 552
  • so_very_confused
    so_very_confused Posts: 1,081 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper PPI Party Pooper
    As another DMPer I'd be inclined to save it for unexpected emergencies particularly if it's for a short time.:)
    SCP # 034
    The £1000 emergency fund #59
  • dreamywings1
    dreamywings1 Posts: 420 Forumite
    Thank you. I have opened an e saver account today so hopefully I can try to save something every month x
    total debt at LBM £4800
    Debt as of Mar 2016 £1790 Hope to be debt free July 2016:eek:
    Sealed pot challenge number 552
This discussion has been closed.
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