We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
DMP mutual support thread part 13 !!
Options
Comments
-
They don’t have a choice whether to accept it or not. They still have to allocate the payment to your account and reduce your balance by that amount. Pay what you can afford. Eating and paying your rent is more important than any DMP1
-
Thankyou. They all have accepted and all quiet at moment and me lowering payment for 1month may set them off. Sending me letters and unaccepting my dmp I'm just worrying0
-
Skint2918 said:Thankyou. They all have accepted and all quiet at moment and me lowering payment for 1month may set them off. Sending me letters and unaccepting my dmp I'm just worrying
Thats worst case scenario, really it won’t matter.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-letter1 -
Just an update on where I am. At present all of the debts in my name are up to date, but there will be no payments made in September. In October lower payments will be made as discussed with SC. What are the chances of all of my debts being defaulted in 3 months?Drawn a line on increasing debt August 2020 at £33,587.
January 2021 £32,1491 -
Hi @JA81 its unlikely that they will default if they are up to date, I started my DMP in June with up to date payments one of my creditors is defaulting me in October but nothing from the others, 1 of them has said they they are going to restart full payments and interest soon. If you want defaults you need to stop paying them completely or pay them a tiny amount
NatDMP 2021-2024: £30,668 £0 🥳
Current debt: £7823.62 7720.52 7417.941 -
JA81 said:Just an update on where I am. At present all of the debts in my name are up to date, but there will be no payments made in September. In October lower payments will be made as discussed with SC. What are the chances of all of my debts being defaulted in 3 months?
Whilst SC are a great resource and help for those in financial difficulty, they will be keen to get the DMP up and running quickly and whilst that's not in itself a bad thing - it often results in much slower defaults, and sometimes a creditor will simply not default once a plan is in place.1 -
Suseka97 said:JA81 said:Just an update on where I am. At present all of the debts in my name are up to date, but there will be no payments made in September. In October lower payments will be made as discussed with SC. What are the chances of all of my debts being defaulted in 3 months?
Whilst SC are a great resource and help for those in financial difficulty, they will be keen to get the DMP up and running quickly and whilst that's not in itself a bad thing - it often results in much slower defaults, and sometimes a creditor will simply not default once a plan is in place.
This makes sense. As a couple we have one debt that is already 6 months behind, so that is the one that is forcing the issue, as we don't want that to get to CCJ stage. I'll just keep a close eye on my credit file to see the changes over the next few months.Drawn a line on increasing debt August 2020 at £33,587.
January 2021 £32,1491 -
JA81 said:Suseka97 said:JA81 said:Just an update on where I am. At present all of the debts in my name are up to date, but there will be no payments made in September. In October lower payments will be made as discussed with SC. What are the chances of all of my debts being defaulted in 3 months?
Whilst SC are a great resource and help for those in financial difficulty, they will be keen to get the DMP up and running quickly and whilst that's not in itself a bad thing - it often results in much slower defaults, and sometimes a creditor will simply not default once a plan is in place.
This makes sense. As a couple we have one debt that is already 6 months behind, so that is the one that is forcing the issue, as we don't want that to get to CCJ stage. I'll just keep a close eye on my credit file to see the changes over the next few months.0 -
Thanks guys.
This makes sense. As a couple we have one debt that is already 6 months behind, so that is the one that is forcing the issue, as we don't want that to get to CCJ stage. I'll just keep a close eye on my credit file to see the changes over the next few months.DMP 2021-2024: £30,668 £0 🥳
Current debt: £7823.62 7720.52 7417.940 -
Hey guys
Great thread here loads of useful info im in my first month of a self managed DMP ( previously stepchange ) and have a couple of questions , .
1) one of my creditors ( moorcraft ) have accepted my proposal but have stated my payment is due on the 28th of each month !!
the letter the sent was dated the 27th my payday is around the 28th so im concerned that i will forget on occasion to do it the same day im i obliged to make this date or can i specify my own ?
2) Ive had moderate success with my lower value creditors with cca requests ( so as to make full and finals ) my debt with moor craft has been marked on my letter as HOST FINANCE EX BARCLAYCARD Im unsure who my debt belongs to would it be moorcraft or host finance ? Is it acceptable to ask for a cca ? im not disputing the debt however if i can pay a fraction of the current balance ( 3k ish ) then i could be in a position to make a settlement offer .
nearly there 6k left on a 28k debt i can see the light finally
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards