Can you make overpayments when on a DMP with stepchange? 8 December 2015 at 10:27PM in Debt-free wannabe challenges 4 replies 787 views

dreamywings1

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?

Toomuchdebt

No not easily which is why I left stepchange and moved to a self-managed DMP instead.

dreamywings1

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

so_very_confused

As another DMPer I'd be inclined to save it for unexpected emergencies particularly if it's for a short time.:)

dreamywings1

Thank you. I have opened an e saver account today so hopefully I can try to save something every month x