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DMP Question.
Welshie28
Posts: 90 Forumite
Hi,
I'm currently in a DMP with step change paying £305 per month however I have a 3 year old child and I'm living with my parents. Myself and my son are in 1 room and it's becoming an issue due to lack of space so I really need to find a place of our own.
I'm due a review with stepchange and am considering reducing my payment to £100 per month on a £15k debt to enable me to move out. Does anyone have any opinions on whether this would be accepted without the creditors taking me to court? Any help would be appreciated.
I'm currently in a DMP with step change paying £305 per month however I have a 3 year old child and I'm living with my parents. Myself and my son are in 1 room and it's becoming an issue due to lack of space so I really need to find a place of our own.
I'm due a review with stepchange and am considering reducing my payment to £100 per month on a £15k debt to enable me to move out. Does anyone have any opinions on whether this would be accepted without the creditors taking me to court? Any help would be appreciated.
0
Comments
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Why don't you concider a debt relief order welshie ?
Info here, budget correctly you may qualify :
https://www.stepchange.org/Howwecanhelpyou/DRODebtrelieforder.aspx?WT.srchI’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 -
Hi Sourcrates,
That link doesn't work. Unfortunately, I have more than £50 a month disposable income left after my debt repayments and living expenses so don't feel that it would work.
I also have a car on finance which they could maybe take?
Thank you for the response.0
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