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DPP - Is this a good way to go?

miss_mils
miss_mils Posts: 285 Forumite
Part of the Furniture Combo Breaker
in Debt-free wannabe
Hi everyone, I've finally bitten the bullet and had an honest look at my finances. After receiving a letter from my bank saying my Graduate Account will finally be closed - it has £2,500 of an O/D - I got a bit panicked.

I went through the StepChange website and the best option for me is a DPP; Would anyone be willing to share their stories/experiences with me regarding this?
In total I owe just under £10k, consisting of credit cards, overdraft and a personal loan.

Thanks!

Comments

  • fatbelly
    fatbelly Posts: 23,472 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    How much can you afford to pay each month to your debts?
  • miss_mils
    miss_mils Posts: 285 Forumite
    Part of the Furniture Combo Breaker
    I'm currently paying £337 a month on my payments.
    This leaves me around £80 a month after all bills for petrol & food.

    The remedy StepChange sent me says I will pay £95 a month back - this seems very low?
  • fatbelly
    fatbelly Posts: 23,472 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    I think you need to talk to a human at Stepchange - these web-based tools are notoriously unreliable.

    Yes, £95 per month on 10k is a bit low.
This discussion has been closed.
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