DMP mutual support thread part 13 !!

DebtHurricane

No, and they have no right to that information. A simple income/expenditure is fine and all you should be sending. 

SoulJacker

I've probably pushed my look with it, but StepChange have ended my Token Payment Plan after 3 years (It did switch up into a DMP in-between those 3 years when I was working, however). I don't particularly wan't to go down the IVA/Bankruptcy path as I only owe shy of 10k and once I'm back in employment can look at hammering it off. 

I'm an utter novice with this, are there any guides for letters I should be looking at sending out? but are there any tips for dealing with the creditors/debt collectors going forward? 

Any help would be greatly appreciated from you wonderful people 

sourcrates

SoulJacker said:

I've probably pushed my look with it, but StepChange have ended my Token Payment Plan after 3 years (It did switch up into a DMP in-between those 3 years when I was working, however). I don't particularly wan't to go down the IVA/Bankruptcy path as I only owe shy of 10k and once I'm back in employment can look at hammering it off. 

I'm an utter novice with this, are there any guides for letters I should be looking at sending out? but are there any tips for dealing with the creditors/debt collectors going forward? 

Any help would be greatly appreciated from you wonderful people   

Well you need a plan first off, there are numerous template letters for debt issues, what is it you want to say ?

Likewise 100`s of tips for dealing with creditors, but again, its like asking "how long is a piece of string" ?

the subject covers many different situations and senarios.

Look in the DFW sticky post for some template letter suggestions, then there is -

https://www.nationaldebtline.org/ - information on all types of debt issues plus template letters

https://debtcamel.co.uk/ - site run by a solicitor, very good advice and resourses available

Both are just about the best sourse of information on all debt related subjects available.

sunshinevicky

Just a quickie.... I received a notice of default from Vanquis stating if I didn’t pay to make an arrangement to pay by 16th September they may issue the default .... I ignored the letter as don’t want to send in my offer of payment till the default is issued.... my question is will I receive a letter confirming the default as keep checking Credit file and not showing... just don’t know when to send in my offer of payment???? TIA

sourcrates

No you won’t get a letter saying it’s been defaulted.
You may get one telling you the debt has been sold.

Forget about it till someone writes telling you something.

monkeybee

Hello
Been with stepchange for 6 years with a few breaks because of emergencies. 41k down to 17k but overall they've been great. I've become really frustrated with this. I just want the debt gone now and have been looking into ways to get it down quicker.  

I currently pay £450 per month. I have 11 debts but these are under 5 different companies. 7 of these defaults are due to drop off my credit file in the next couple of months.

I'm tempted to go self managed.  My plan is to do a new budget to send to creditors paying £250 per month stating reduced income.  This would free up £200 to save up for settlement offers. Also I can clear 3 very small debts.

Does this sound like a good strategy?

I appreciate any comments or advice from this awesome forum.

Thanks

matthewhine

Hello, I started my DMP through stepchange on the 1st September and my circumstances have changed slightly. My car insurance is going to cost more a month for the next 6 months. (long story). 
I need to let stepchange know this and change my change my budget. Will this be acceptable considering I'm only 1 month in??  Kinda need to do it though as you can imagine, every penny counts!
Thanks

KimbullDF

Just let them know. You can do it online via the budget review section of their portal. You will have all your log in details by now. I started September and took a wage reduction due to reduced hours. They just adjusted my payments to account for it. Irellivant what the creditors think.

sourcrates

matthewhine said:

Hello, I started my DMP through stepchange on the 1st September and my circumstances have changed slightly. My car insurance is going to cost more a month for the next 6 months. (long story). 
I need to let stepchange know this and change my change my budget. Will this be acceptable considering I'm only 1 month in??  Kinda need to do it though as you can imagine, every penny counts!
Thanks

Why would it not be acceptable ?  Give them a call.

matthewhine

Fair point! Basically it's tough s**t, they'll get what I can afford. 

Thanks both