Struggling with debt? Ask a stepchange debt adviser a question

StepChange_Aidan

saving_88 said:

Hi, Long time debtor here. I have added Clearpay to my DMP, Payments will be lower according to their scheduled payments. Does anyone have dealings with Clearpay. Will they accept the DMP and just default account. Im at that stage where I don't care about credit report now. Has anyone dealt with Clearpay on a DMP. 

Also Snap Finance, How easy are they on DMP plans. 

Hi,

Creditors will usually accept the reduced payments and default the account after a few months in a DMP, but as it’s an informal arrangement we can’t guarantee that they will.

I don’t have any information about which creditors are more likely to agree than others, but even if the offer is rejected, we would still advise you to include the debt in your DMP to ensure that they’re receiving their fair share of the available funds.

Regards,

Aidan