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DMP - Best company?
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Need_Help_Now
Posts: 37 Forumite
Hello everyone,
I will need to embark on a DMP very soon. I am currently in the process of itemising all my debts.
I am just wondering if anyone can advise the best company or organisation to use in their opinion? I was considering going with Stepchange.
Many thanks in advance
Need_Help_Now
I will need to embark on a DMP very soon. I am currently in the process of itemising all my debts.
I am just wondering if anyone can advise the best company or organisation to use in their opinion? I was considering going with Stepchange.
Many thanks in advance
Need_Help_Now
0
Comments
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StepChange is a very good choice. They are an excellent free debt counselling service
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Most people tend to opt for either StepChange or Payplan - both offer free advice and management of a DMP. You might also want to consider self-managing -which is much easier these days and for that I'd suggest you go over and look at this site: https://nedcab.cabmoney.org.uk/ whether you choose to use the services of an agent or self-manage - the nedcab site has lots of very useful information on DMPs.0
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Do not be tempted to use a fee charging company for this service.
Stepchange or payplan are free to the end user.I’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 -
Thank you Willing2learn, Suseka and Sourcrates for taking time to reply,
I think the DMP is the way to go with this. I am completely new to this so I think I will go with StepChange to help me with it.0 -
Good to hear that -but still go over and check out the link I sent, or do your own research. Whilst SC will help you get your DMP up and running, its also better to be well-informed about the process and what to expect. Also, don't rush in and set the DMP up too quickly - go over and have a read of the DMP Support Thread, you'll find lots of people starting out on their DMP journey along with many of us well into one. That thread holds a lot of useful information for you too.0
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