Taking A Payment Break??

Legacy_user

I've been on a DMP with Payplan for the past 9 months and I am totally fed up being broke, in the past 9 months I have not been able to treat myselt to as much as a bloody gravy chip from the chinese, I've had to buy all the reduced items from supermarkets and to be honest I am just fed up to the back teeth with it all, I get paid every Friday and come Sat I am broke as all has to go to bills,

I am surviving not living, I've not had a night out since I started the plan infact I reckon Jail would be easier, What would happen if I missed a month As you may be able to tell by the tone of this it is making me depressed, I wonder why exactly am I working??

postingalwaysposting

i must admit i dont know everything about a dmp but i wouldnt sugest just not paying a month! can you contact payplan and have a word with them and see what they say? maybe they will allow you a month off or a reduced payment next month ~ give them a call they are there to help... goodluck

System

postingalwaysposting wrote: »

i must admit i dont know everything about a dmp but i wouldnt sugest just not paying a month! can you contact payplan and have a word with them and see what they say? maybe they will allow you a month off or a reduced payment next month ~ give them a call they are there to help... goodluck

I've already had a word they said they can't reduce it anymore and if I miss a month it will cancel any arangements set up with creditors.

Heres my SOA hopefully someone can help.

Income £170 a Wk

Outgoings Wkly

Rent £70
Telephone £10
Food £25
Heating £10
Child Payments £30
Paypal £25

beanielou

Did you not agree these figures when the payment plan was set up?
If you dont stick to it it will be more or less impossible for anyone else to negitiate on your behalf.

System

beanielou wrote: »

Did you not agree these figures when the payment plan was set up?
If you dont stick to it it will be more or less impossible for anyone else to negitiate on your behalf.

Something needs to be done, I apparantly will be debt free in 2031, does that mean I basically have no life to then? Yes prison would be easier. If I don't pay what will happen? Bear in mind I have no car or anything of any value

Me_Myself_2

Give us more info on what you owe etc. Bankruptcy may be a better option, but we need to know a lot more first.

System

Me_Myself wrote: »

Give us more info on what you owe etc. Bankruptcy may be a better option, but we need to know a lot more first.

Welcome Finance - £1987
American Express - £978
Overdraft - £500
O2 - £343
MBNA - £1524

Its welcome finance thats the killer, Interest is shocking and they will not freeze it, the rest of the creditors have helped but they will not

elantan

you should maybe post on the bankrupsy board ( sub board of dfw)for advice they are more knowledgeable about bankrupsy etc and might be able to advise you if this is going to be a possible and best route for you ...good luck

Jenna

Hi,

Is there any option for you to get a 0% deal on a new CC and shift the debt on Welcome Finance over to it?

Bankruptcy might be a better option for you but it's not something I know a lot about, as others have suggested maybe head over to this board and post some info about your SOA, they'll be able to advise you on this.

Have you thought about seeing your doctor about the depression by the way?

Hope things work out okay. Keep us posted!

In_Search_Of_Me

aww hugs for you. I would suggest chatting to people on bank threads as suggested as they will know alot more aout it. Can you get any extra work to pay more & get out sooner? Can understand why you're fed up & just wanted to send a hug.

System

Thanks for all the help