Really racking my brain tonight. I started my DMP but I'm slightly regretting it. I honestly don't know what to do. I have two smaller debts ocean finance and capital one both combined are £400. That's one DMP payment, if I can afford the dmp payment why couldn't I of paid these off? I'm really really tempted to cancel my DMP altogether and get my head in the game and focus focus focus! I want to be in control on my own debts, I don't want to feel like someone else is going to do it for me. Otherwise I think i really won't learn from it. Any advice whoever may be reading
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MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
Now you have done the DMP the damage is done so I would keep going and focus on using this time to get your budget sorted, get an emergency fund and even possibly overpay the DMP.
Now you have done the DMP the damage is done so I would keep going and focus on using this time to get your budget sorted, get an emergency fund and even possibly overpay the DMP.
I've only started my DMP this month, they're still contacting creditors etc. But thank you, will get my budget sorted
I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts 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
[email protected] All views are my own and not the official line of
MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
Yes true but the moment one defaults that's the mark on your credit file and damage is done so if one has already defaulted you might as well stick it out in all honesty. Plus this way if anything we're to happen and your income drop for example you can get the company to help you renegotiate your payments rather than having to do them all yourself. Up to you some people prefer to do it themselves others like it to be managed for them.
Yes true but the moment one defaults that's the mark on your credit file and damage is done so if one has already defaulted you might as well stick it out in all honesty. Plus this way if anything we're to happen and your income drop for example you can get the company to help you renegotiate your payments rather than having to do them all yourself. Up to you some people prefer to do it themselves others like it to be managed for them.
Ah yes, very true. Thank you
I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts 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
[email protected] All views are my own and not the official line of
MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
Plan of action today I know I have 4 CC under £500. Two of them are at £200 each so I'm going to pay them both outright next month if I do decide to come off the DMP and I'm going to offer F&F on two others, just seeing what they will offer. Write to all CC and Loans and see if they will stop interest and charges.
MAKE A BUDGET! I keep putting this off. I need to do it! Someone check in on me at 8pm to see if it's done 😐
I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts 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
[email protected] All views are my own and not the official line of
MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
To do list this evening - clean up spare room - Add stuff to ebay (if it's still max £1 fee) - make fake away zinger meal! -mop and bleach bathroom -sort a budget!!!
I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts 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
[email protected] All views are my own and not the official line of
MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
Hahaha thank you! At least someone reminded me, I'm in the process of filling it out as I wait for my fake away kfc zinger burger to cook
I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts 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
[email protected] All views are my own and not the official line of
MoneySavingExpert. Sealed Pot Challenge ~ 15 #070 Target £1000 Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700 Tilly Tidy 2022 £8.38/£500 Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
118 Money £1880
Total debt £6193.30 at the very start of DFW Journey. Current debt £1880
Replies
I started my DMP but I'm slightly regretting it. I honestly don't know what to do.
I have two smaller debts ocean finance and capital one both combined are £400. That's one DMP payment, if I can afford the dmp payment why couldn't I of paid these off? I'm really really tempted to cancel my DMP altogether and get my head in the game and focus focus focus! I want to be in control on my own debts, I don't want to feel like someone else is going to do it for me. Otherwise I think i really won't learn from it. Any advice whoever may be reading
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
*Tesco Credit card - £3604.30* - £0.00
*Finance - £581.91 - £0.00
*Dad loan - £5300 - £3600
Total debt *£3600* £11,416.71
Emergency fund/Sinking Fund - £2500/£5000
Mortgage Overpayment - £30.34/£1000
Facing Reality - My Debt Free Diary
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
*Tesco Credit card - £3604.30* - £0.00
*Finance - £581.91 - £0.00
*Dad loan - £5300 - £3600
Total debt *£3600* £11,416.71
Emergency fund/Sinking Fund - £2500/£5000
Mortgage Overpayment - £30.34/£1000
Facing Reality - My Debt Free Diary
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
I know I have 4 CC under £500. Two of them are at £200 each so I'm going to pay them both outright next month if I do decide to come off the DMP and I'm going to offer F&F on two others, just seeing what they will offer.
Write to all CC and Loans and see if they will stop interest and charges.
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
- clean up spare room
- Add stuff to ebay (if it's still max £1 fee)
- make fake away zinger meal!
-mop and bleach bathroom
-sort a budget!!!
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
Sealed Pot Challenge ~ 15 #070 Target £1000
Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
Tilly Tidy 2022 £8.38/£500
Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365
Current debt £1880
https://forums.moneysavingexpert.com/discussion/6231115/time-to-start-a-fresh#latest
New shiny part two - https://forums.moneysavingexpert.com/discussion/6324288/time-to-start-a-fresh-part-2-2022/p1?new=1
*Tesco Credit card - £3604.30* - £0.00
*Finance - £581.91 - £0.00
*Dad loan - £5300 - £3600
Total debt *£3600* £11,416.71
Emergency fund/Sinking Fund - £2500/£5000
Mortgage Overpayment - £30.34/£1000
Facing Reality - My Debt Free Diary