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Stuck - Advice please
catgotmytongue
Posts: 89 Forumite
I am currently in a DMP arranged through Stepchange. I have had a small PPI payment and would like to pay off my smaller outstanding debts. Stepchange will want me to pay some to all of my debts pro rata. Is it worth cancelling my DMP and managing my debts myself in order to clear some completely? It would be fantastic to see some of them gone.
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Comments
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The question is, is it worth it to you ?
If you can answer yes, then do it, self management is very simple and gives you greater flexibility.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-letter0 -
I found it really easy to self-manage. And it feels great to be in control of things too...
I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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I was in a DMP and picking my debts off, much to the annoyance of the company doing my DMP. In the end I cancelled the DMP and self-managed, still picking debts off
Mortgage started 2020, aiming to clear 31/12/2029.0
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