Additional debt whilst on DMP

Maisymay1

Hello everyone... new here to this so not sure if I am doing this right !!
Just wondered if anyone has added additional debt to a DMP.
I’m currently with StepChange, and have been for a few years.
I have, stupidly, got into another spiral trap with payday loans and am afraid to tell StepChange in case they cancel my plan ::(
Any advice please

fatbelly

Yes, you're not the first!

Ask them to add it. Can't see why it should be a problem but, if it is, you still have the options of Payplan or self-management.

sourcrates

Hi,

Welcome to the forum.

All the debt charities experience this on a regular basis.

People are fallible, its as simple as that, we make mistakes, sometimes we keep on making them.

You could get these additional debts added to your DMP, but because you've had to resort to additional borrowing, it suggests to me you are not coping on the budget agreed with stepchange.

Maybe its time for a review of your situation, as a whole ?

For instance would another debt solution be more suitable for you ?

Why dont you post up a statement of affairs (SOA) and we can see just where your money is going.

Link here :

http://www.stoozing.com/calculator/soa.php

Maisymay1

In a panic, I made an enquiry with PayPlan. Omitted to tell them that I was already on a Dmp with StepChange. Just advised them about the new debts and they have accepted me.
I haven’t signed anything yet, but now feeling guilty about lying!
In a mess now, as if I do tell StepChange about the additional debts and they kick me off the plan; I then can’t go back to PayPlan

peteuk

Speak to Step Change, add the new debts to your current DMP and stop panicking...
If Step Change kick you off the DMP then use their figures to set up your own.

Your agreement when setting up the DMP is to not to take up new debt, however they should understand that it happens. I was with CCCS prior to them becoming Step Change and I added more debt a few times.

Maisymay1

Just a quick update. Stepchange couldn’t of been more helpful. They were great. Non judgmental, done a re budget and all my debts have now been added.
So relieved and will not make the same mistake again !
Now to look into some irresponsible lending claims possibly !

[Deleted User]

I wouldn't worry about looking into irresponsible lending claims.


Take some responsibility for yourself otherwise you will find yourself in exactly the same position down the line.


You took on additional debts no one else , now knuckle down and get used to living within your new budget. If the budget is set fairly and sensibly you should be fine.


Good luck.

EssexHebridean

Maisymay1 wrote: »

Just a quick update. Stepchange couldn’t of been more helpful. They were great. Non judgmental, done a re budget and all my debts have now been added.
So relieved and will not make the same mistake again !
Now to look into some irresponsible lending claims possibly !

Good - and that also works as a valuable object lesson in how keeping calm and dealing with something rationally works better than panicking!

Now your next step is unquestionably to do as Sourcrates advised and sort out your SOA. Clearly at the moment something isn't working - and you can't afford to add more debt still to your total now. Get the SOA done - make it honest and accurate, use bank statements to track down all your spending - where you've drawn cash that you don't know what it went to allocate it to either "entertainment" or make yourself a "random" category. If you then post it in here we can take a look and maybe point out areas that need attention to stop you living outside your means in the future.

fatbelly

Maisymay1 wrote: »

Now to look into some irresponsible lending claims possibly !

Good idea.

Info here on payday lenders

https://forums.moneysavingexpert.com/discussion/5289150

sourcrates

fatbelly wrote: »

Good idea.

Info here on payday lenders

https://forums.moneysavingexpert.com/discussion/5289150

Here too :

https://debtcamel.co.uk/payday-loan-refunds/