Paranoid about debt

bigd58

Redone budget including my wife’s details and outgoings. Luckily she has not debt.

In redoing the budget it has worked out that we can pay off in around 5-6 years apposed to 10 so that’ll make my debtors happy and I believe down the line I can make additional funds available.

The first year budgeting is going to be the hardest but I have done a budget for the next three years and with a bit of tweaking along the way I believe it is acheavable.

We may have to lower the food bill every so often but I do a lot of cooking so I’m contemplating making up a load of meals for the freezer so it’s jusy a matter of getting them the night before and reheating them.

This will also give me a free evening when I get in from work and I know I’m doing this I can make a lot for a small amount of money

TubbyDown

I've had a DMP before with a company called Baines and Earsnt. I moved property and informed them of my change of address and they explained they would contact the people i owe money to and inform them. They did this with 90% of them, so when Severn Trent Water rejected the DMP offer of £5 a month and wrote to me directly about issuing a CCJ, i never received it.

This led to a CCJ being placed on me, for something that was out of my control. I settled the CCJ immediately as soon as i'd discovered it. (Signed up for a credit score online and discovered i had 2 CCJs)

I eventually went onto to take an IVA out which was a much better option for me, and in a years time i will be completely debt free!!!

My experience of a DMP means i wouldn't recommend them to anyone, unless they had no other choice!!!

heartbreak_star

TubbyDown wrote: »

I've had a DMP before with a company called Baines and Earsnt. I moved property and informed them of my change of address and they explained they would contact the people i owe money to and inform them. They did this with 90% of them, so when Severn Trent Water rejected the DMP offer of £5 a month and wrote to me directly about issuing a CCJ, i never received it.

This led to a CCJ being placed on me, for something that was out of my control. I settled the CCJ immediately as soon as i'd discovered it. (Signed up for a credit score online and discovered i had 2 CCJs)

I eventually went onto to take an IVA out which was a much better option for me, and in a years time i will be completely debt free!!!

My experience of a DMP means i wouldn't recommend them to anyone, unless they had no other choice!!!

That's because you used B&E, who are a fee-paying company. StepChange are a charity, and work very differently.

HBS x