We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debt Management Plan

Options
Hello,
I'm really hoping for someone to give me some advice. I have unfortunately got myself in a mess with money over the years. Credit cards when i was younger then a loan to pay the credit cards, then spent more on credit cards to get another loan. Now i am really struggling to get by each month with the payments. I currently live at home with my parents and like to pay my way as my dad is on a minimum wage job and my mum is unable to work. I have contacted Step Change who have suggested a Debt Management Plan. I owe over 30K and I can roughly afford to pay back £400 a month (According to Step Change) I have debts with; Halifax, Very, HSBC, Tesco Bank and Capital one. If i did go ahead with the debt management plan how likely is it I will be harrassed by my creditors? I am so scared that I will end up in Court but i see no other way forward. 
Please help me :( 

Comments

  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 11 February 2020 at 3:48PM
    Hi,  I have answered your post in the DMP Mutual Support thread.  You need to start a new thread, in the main Debt-Free Wannabe board with your completed SOA (Statement of Affairs).  :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.