DMP Review advice needed on expenditure allowances

Mechelle81

Hi all,

I'm in n ed of some advice ...

My oh and I are currently in a dmp with payplan and we've had the email to advise us our annual review is due. In preparation I've done some research and managed to get hold of a copy of the living expenses guide used by wilmott turner. Looking through this I've realised that our allowances are set incredibly low and there are also things we can claim which we haven't been told are available.

Here's my dilemma ... I've recently started a new job which has a pay rise, however this has resulted in some of our expenditures increasing. Do I now ask for the additional things we haven't been given before now or do I inflate some of the current figures to bring it in line with what the payments would be? Either way the creditors will get an extra £135 between them on top of what I currently pay.

I'm not being greedy but our household budget is less than allowed, we have no allowances for entertainment, feeding the dog, school or work meals, nothing for household maintenance (we own our own home), nothing for emergencies. The list goes on! We've been in the dmp for 4 years and not missed a single payment.any advice would be great fully appreciated.

DCFC79

Surely you should be re-doing the living expenses to include what you mentioned.

sourcrates

Hi Michelle,
The thing you have to remember here, is that the DMP you are on, is a very informal arrangement between you and your creditors, it's not like, for example, an IVA, where strick budgeting is a prerequisite.

You in effect call the shots, all payplan do is administer the paying of your creditors, if your expenses go up, you say so, it really is up to you how much you budget for creditor payments, you give payplan the figures, and that's it.

It really is none of there Buisness what you do with your own money, you tell them what your paying, you don't need to look for there approval.

January2015

Don't tell them about your payrise. Do a realistic budget based on what you actually need/spend. Stash the payrise extra away for emergencies and/or F&F offers as and when you have enough saved.