DMP - Help!

17 Posts

Hi,
I've just paid off my DMP in full with Payplan and noticed on my 'Completion Letter' that my creditors may charge additional interest and/or fees. Has anyone had any experience of this?
I recall getting a yearly letter saying that 3 out of 4 of my creditors would freeze interest. The outstanding 1 I think Payplan said they were 'unsure' if they would freeze interest.
Thanks
I've just paid off my DMP in full with Payplan and noticed on my 'Completion Letter' that my creditors may charge additional interest and/or fees. Has anyone had any experience of this?
I recall getting a yearly letter saying that 3 out of 4 of my creditors would freeze interest. The outstanding 1 I think Payplan said they were 'unsure' if they would freeze interest.
Thanks
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Payplan has to cover all the bases, you cannot charge fee`s or interest on defaulted debts.
You can quite happily charge them £10 for every email or letter you sent them, works both ways.
If your debts are paid in full, that is the end of the matter.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
I had visions of me having another 3 years of paying back frozen interest!
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
Current debt ZERO.