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Been recommended a DMP

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  • sourcrates
    sourcrates Posts: 31,542 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    besty108 wrote: »
    Im pretty much in the same boat as Teddy.
    So by not paying on the due date of payment, the account is then defaulted?
    I assume this is the best time to contact the the provider to discuss the DMP?
    Thanks

    Err not quiet that simple, in order for a creditor to default you, the relationship between you must of broken down, it usually takes up to 6-8 months of non payment before defaults occur, some creditors do default sooner than others though.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • besty108
    besty108 Posts: 3 Newbie
    Thanks for the info.
    Its made me concentrate even harder on getting things moving, thanks for the input
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