Advice Needed For DMP Interview Tomorrow!!

darloboy_2

Hi
I have a telephone interview with Payplan tomorrow at 4pm, and am currently pulling together the information I need. I am looking at a DMP.

I have pretty much got every piece of information I need, however I did have a few slight queries, which i'm hoping somebody will be able to assist with. The first one concerns Northern Rock; I have a "Together" mortgage, which involves an unsecured loan running over the life of the mortgage, along side the mortgage. I'm not sure if this is to be put down as a creditor to go into a DMP - the reason I ask is that the payment to Northern Rock for my mortgage includes this value, it is not paid seperately, and am unsure how it works. I am not sure of the impact this would have on my mortgage, if any?

I also have a seperate, smaller loan, with Northern Rock, and wondered if there would be any impact on my mortgage if this unrelated, unsecured loan, was put into a DMP. My mortgage fixed term ends next year so this is in the back of my mind.

Finally, I have a small loan (less than £1000) with my current bank, who are rather good as banks go. Would there be an option to not put this into a DMP, as I would like to stay with them if possible?

Any help is appreciated, a little short of time as tonight is my only night to prepare really!

Thanks in advance
Craig

System

Im not sure about the loan thingy, but ensure that you have every statement or at the very least an amount. It may prove useful to have your bank statements at hand for any debts that you pay by DD or SO in case you have missed anything. Good luck for tomorrow, hang onto your pants and let us know how it goes. Lenny

darloboy_2

Thanks for that Lenny, sure will

Gemmzie

Don't forget with a DMP to include everything as there's very little room for forgotten bits if done correctly, i.e. kids birthdays, MOT once a year etc.

HTH

darloboy_2

Thanks for that - are they quite flexible on the kind of things you can include? I mean xmas, birthdays, pension, holiday, clothing etc - not that I necessarily need all of these, just curious really.

Gemmzie

There's a template on the national debtline website, I'll find it hang on ...

http://www.nationaldebtline.co.uk/england_wales/budget_sheet.php?country=england_wales
That's for England and Wales

There's a different one for Scotland if you're there let me know.

Gemmzie

http://www.nationaldebtline.co.uk/england_wales/pdf/self_help_pack/workingout_pbs.pdf

Is good too (same website)

darloboy_2

That's a fab template, thanks for that Gemmzie :j

Miss_Marple_2

darloboy wrote: »

Thanks for that - are they quite flexible on the kind of things you can include? I mean xmas, birthdays, pension, holiday, clothing etc - not that I necessarily need all of these, just curious really.

yes and no. Clothing is allowed for, but birthdays & holidays are not, and neither is a pension

I listed all my actual outgoings to PP, including birthdays, my slimming club etc and they really helped me put together an SOA that was acceptable to creditors. Be totally honest with them and they will really help you.

The first phone call was just a collection of details, the lady I spoke to was not someone who could give advice, but one thing she did say that I always remember is, when I asked her what she thought, she said an IVA might be possible, and I said that I didn't want an IVA as I wanted to pay all my debt back and she said the creditors do not care about you, so you should not care about them - you are just a number to them, so do what's best for you - think of all the interest you've paid them over the years.