£23000 debt were to start?

sourcrates

Stu_N_ wrote: »

I will bow to your superior knowledge, but it seems to me a creditor is free to reject the figures presented, aren't they?

Oh yes, and they do, even with stepchange, but they still get paid.

The creditor either eventually accepts, or sells on the debt, and the dance starts over again with the new owner.

Debt management is not rocket science, it's something any competent person can do themselves quiet easily !!!

visualkitty

I've contacted step change, pay plan and 3 other charging companies the best advice from mccambridge duffy. Many saying dmp will last around 6-8years depending on if interest is frozen.
I tried to do the soa few times and it keeps messing up and having to start again I eventually gave up. Not sure if my mobile playing up. Pay plan and mccambridge advise is an IVA stepchange think a dmp. Not sure which route as personally I feel compelled to pay bk it all as I took the debt however if they don't help with freezing interest I'll never get out of it. X

KiKi

visualkitty wrote: »

I've contacted step change, pay plan and 3 other charging companies the best advice from mccambridge duffy. Many saying dmp will last around 6-8years depending on if interest is frozen.
I tried to do the soa few times and it keeps messing up and having to start again I eventually gave up. Not sure if my mobile playing up. Pay plan and mccambridge advise is an IVA stepchange think a dmp. Not sure which route as personally I feel compelled to pay bk it all as I took the debt however if they don't help with freezing interest I'll never get out of it. X

Whatever you do, visualkitty, do NOT go with a company that charge you, no matter how nice or helpful they sound on the phone. It will take you much longer to pay off the debt - you don't need to be paying anyone else to do this.

Best of luck - and perhaps try the SOA when you have access to a PC if you're having trouble on your phone, as it's much easier for people to give advice when they can see the full amounts.

KiKi

sourcrates

KiKi wrote: »

Whatever you do, visualkitty, do NOT go with a company that charge you, no matter how nice or helpful they sound on the phone. It will take you much longer to pay off the debt - you don't need to be paying anyone else to do this.

Best of luck - and perhaps try the SOA when you have access to a PC if you're having trouble on your phone, as it's much easier for people to give advice when they can see the full amounts.

KiKi

Echo this 1000%.

Stay away from the fee chargers, if your thinking DMP.

paulap72

allconnected wrote: »

So children have risen from 4 to 5 in a few posts?

Call me suspicious, but people normally do know how many children they have................in the real world.

Allconnected

How small do you feel now?!

Ilona

KiKi wrote: »

Whatever you do, visualkitty, do NOT go with a company that charge you, no matter how nice or helpful they sound on the phone. It will take you much longer to pay off the debt - you don't need to be paying anyone else to do this.

Best of luck - and perhaps try the SOA when you have access to a PC if you're having trouble on your phone, as it's much easier for people to give advice when they can see the full amounts.

KiKi

Agreed. DO NOT GO WITH A COMPANY THAT WILL CHARGE YOU FOR THEIR SERVICES, NOT IN ANY CIRCUMSTANCES, NO MATTER HOW NICE THEY SEEM ON THE PHONE. They are in it to line their own pockets.

Post up a Statement of Affairs and the good people on here can advise where cuts to spending might be made. Stepchange is your best bet if you don't feel able to do all the paperwork yourself.

Good luck, it can be sorted.
Ilona

visualkitty

Thank you everyone for your advise. I've sent back all paperwork for stepchange dmp if interest keeps piling on and I end up worse I'll consider looking into an iva. They do want a bit to start with but due to going on maternity I've read they help lower this so you can still afford repayments x

zenshi

Stu_N_ wrote: »

I will bow to your superior knowledge, but it seems to me a creditor is free to reject the figures presented, aren't they?

Even with SC they could reject the plan!

started out with around 28K of debt. Contacted SC and was to,d I hadn't enough surplus for them to set up a DMP for me, so I had to go it alone. It really isn't hard. I got all interest and charges frozen and things are ticking along. Most creditors contact me by letter once a year to see if my circumstances have changed, I tell them no and they go away again

It can be done

suebgriseum

Hi,

You really need to do a proper list of what you are spending you and your partner / husband.
His he aware of the debts?

You need to work through this together.
Children are very resilient, but they need you to be happy and in control, contact step change or similar they do not judge and will work through your figures and take a massive weight off your shoulders. You can then decide together whats the best thing to do.

You should easily get a months relief from payments , even on doctors note as evidence , to let you sort things out.
I wish you look you sound very determined and will bit by bit get on the right side of the debt.

patman99

Been looking at your figures and can see that you will soon be spending-out on nappies again. Please consider terry nappies. You can buy packs of liners that you just flush down the loo, leaving just the nappy itself to stick through the washing machine. The estimated saving on using terry nappies over disposables is £2,000 a year (and that takes into account the cost of washing them).

Also, from personnal experience, Barclays will freeze the interest once you are on a TPP (temporary payment plan) or DMP. I had 2 cc's with them and when I phoned them up, they could not have been more helpfull. Same went for my other creditors.

As for baby food, my ex-S-in-L made her own. It is very easy to do if you have a blender and a few small jars.
You can just cook extra food, portion some off into a blender and blend before placing in jars and sealing down the lids (do it whilst the food is still hot as it will help to seal the jar better) and leave to cool in the fridge prior to freezing any excess jars for a later date.