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Payment issues

Best option when struggling to make payments on self managed DMP? I've had to move careers and won't be making as much money for at least next few months as only receive a basic salary

Things had been going well but with the crossover I am going to struggle for a month and then have to re offer an affordable amount per month

Token payment for a month? And contact each with new financial statement?

Comments

  • I would call all companies up, inform them of the situation, but also follow up by sending a letter and keeping one for your records also.

    Is the new career going to give you more money towards DMP in future? If so, I would mention that contributions will be increasing once everything is settled.
  • S1Ebbz
    S1Ebbz Posts: 50 Forumite
    Potentially it will yes, this is why I have moved to look ahead and reduce the debt in a shorter period of time. The issue is commission will not start for a while like many roles with basic + commission

    Thank you for advice I will call to explain and offer lower amounts for now with the view to review with them once in a stronger financial situation - fingers crossed hey
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