DMP Mutual Support Thread - Part 12

KID77

Summer12

Even if your creditors can't provide CCAs and debts are classed as unenforecable, if you stop paying or try to negotiate settlement, this can and likely will still be marked on your credit file and affect your credit rating.


Apologies if you realise that already but just wanted to point it out :-)

KID77

Will someone please tell me how to quote like the rest of you?

I consider myself quite technically savvy but have no bloody idea how to quote !!!55357;!!!56832;

motivated

KID77 wrote: »

Will someone please tell me how to quote like the rest of you?

I consider myself quite technically savvy but have no bloody idea how to quote !!!55357;!!!56832;

Hi kid

Just below the post you are wanting to quote there is a quote button. Click it and it will add it to a new post. You then continue to write under it

To quotes multiple posts use the pink and orange balloon thingys

Hopefully I have not confused it further.
M

sourcrates

KID77 wrote: »

Will someone please tell me how to quote like the rest of you?

I consider myself quite technically savvy but have no bloody idea how to quote !!!55357;!!!56832;

Press the big blue buttony thing that says QUOTE on it

KID77

Thanks guys, I don't have those options on my phone view but have found a + sign which leads me to a drop down menu with quote options so problem solved xx

Zerodebtsoon

Hi all

I have previously been on here under a different user name but after years of not posting and forgotten details I had to start again.

We have been on a dmp with Stepchange for 4 years and tracking well, 50% of our debt cleared and if we stay as we are should be debt free by 2020 (around £17k remaining).

After reading some of the inspirational stories on here I have been considering self managing as we would like to try and save for full and finals and see if we can get debt free soooner.

So firstly I need to send CCA request letters. I have a template letter ready but wanted to check about the postal order / £1 payment. The problem is we live overseas so if it has to be a postal order I will struggle ! Has anyone sent a cheque or is that not the done thing? Worst case scenario I could ask my sister to get postal orders for me. Any advice would be most welcomed.

January2015

Zerodebtsoon wrote: »

Hi all

I have previously been on here under a different user name but after years of not posting and forgotten details I had to start again.

We have been on a dmp with Stepchange for 4 years and tracking well, 50% of our debt cleared and if we stay as we are should be debt free by 2020 (around £17k remaining).

After reading some of the inspirational stories on here I have been considering self managing as we would like to try and save for full and finals and see if we can get debt free soooner.

So firstly I need to send CCA request letters. I have a template letter ready but wanted to check about the postal order / £1 payment. The problem is we live overseas so if it has to be a postal order I will struggle ! Has anyone sent a cheque or is that not the done thing? Worst case scenario I could ask my sister to get postal orders for me. Any advice would be most welcomed.

Nothing wrong with sending cheques

I think most of us have moved to basic bank accounts and have no access to cheques anymore - hence the need for postal orders

Superhoopza

Hi, newbie here. I've got myself so very stupidly into payday loan debts that in the past I could pay off but this time accumulated too many in a short space of time that I won't be able to pay living expenses from next month onwards. I checked out options and SC seemed like a potential helpful way out. I can pay these loans in a few months time but I went to the biggest one and asked to go onto an alternative payment plan and they refused. Is a DMP the right option for me? My debt remedy says I can pay these, my credit card and my overdraft off in 12 months. I'm presuming they'll be a hit to my already awful credit score so is there much harm in going through a DMP as I would to get debt free asap. Let me know please if you need any more information to best help me determine if an SC is best for me. Presuming full interest on these loans, I'm looking at about 7k of debt.

Many thanks for any help you can offer.

Zerodebtsoon

Summer12 wrote: »

Morning,
Further to my post above and some more research on debt camel (what a great web site). It seems that I was right if you have enough equity in your house then indeed unsecured creditors can request (and then subsequently take you to court for a charge on your house). Which leads me to the conclusion that I may aswell try the secured loan route even though it’ll cost me more,take longer etc before my credit file is trashed by a dmp as after starting one surely any loan offer (if at all) would be an even worse interest rate. Seems to be little difference in unsecured debts to secured debts action just that it takes longer to get there for the creditor. Any one had any experience of creditors threatening to put charge on their house/court action (or actually going ahead with it)? Thank you in advance, going to sleep thinking about it and first think I worry about when I wake.

This was my biggest fear when we started our dmp, we have equity in our house. We owed £33k when we started our dmp with SC in 2014 to 6 creditors, now down to £17k across 5 creditors and not one has ever threatened a charging order. Dmp was the best thing we did and I’m now looking to go self managed to try and be debt free sooner.

Zerodebtsoon

January2015 wrote: »

Nothing wrong with sending cheques

I think most of us have moved to basic bank accounts and have no access to cheques anymore - hence the need for postal orders

Thanks January2015. We have a nationwide account that still has a cheque book (no overdraft or anything so I never closed the account when we started the dmp)

I just need to find it now as I don’t the last time I wrote a cheque !!!128514;

If not I can order a new one. Will just take longer to get to us in Australia