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how to get debt free if in a plan
jimbob70
Posts: 1 Newbie
i have a debt management plan for some loans and credit card, i also have one for my mortgage as i have arrears, but my mortgage is currently interest only how can i start clearing my debts on these.
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Hi jimbob,
Hopefully if you are in a DMP then you will know how long you have until all your debts are repaid? Obviously your priority debts like mortgage should be prioritized over any unsecured debts. If you look at the top of the forum and find the Statement Of Affairs or SOA thread and fill it in, format for MSE and post it on here we have a look and see if there is anything we can advise on how to maybe tighten the belt to over pay your debts sooner?
Who is your DMP with? How long have you been in it? How long does it have to run? How old are the debts (not including mortgage)? Are any of them CCJ's?DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0 -
Not really sure what your asking here, are you saying you want to settle your accounts ?
Normally you clear them by paying your DMP (hope your with a free debt charity) maybe clarify your question a bit if you can ?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-letter0 -
I also am confused as to what you are asking but you should be prioritising your mortgage over loans, credit cards and your DMP if you are paying unsecured debt through them. Don't risk the roof over your head for credit cards or unsecured debt.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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.
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Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0
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