Feels like im going under!

EssexHebridean

No - you tell them how much you can afford - if anything (At the moment, and until you've got the budget under control, there is nothing to spare to pay to them remember). At the moment if you want to contact them I'd suggest that you follow the lead that makingabobor2 has suggested above (unless someone like sourcrates or fatbelly has an approach that would be more appropriate in your circumstances). My feeling is that by writing they are likely to offer you breathing space to start with though, and that could slow down the defaults. 

You say you've cancelled payments to some of the unsecured debts - where are you finding the money to pay to the remainder at the moment? Remember if you continue trying to pay them before you have created slack on the SOA/budget you're just going to continue to make your situation more problematic, so it's really important that you are budgeting properly to ensure that the money is there for EVERYTHING you pay out each month. 

My suggestion would still be - stop paying ALL unsecured debts right now, and turn your attention fully to the budgeting side as that is the key to everything else now. You need to cover your costs without resorting to cards or overdrafts, and create sufficient slack that you can start to save an emergency fund. 

NiteEyez1980

Hi guys

It's all barring the natwest, as postal issues meant I didn't get my nationwide in time. 

I've done it all Barring natwest whom are my primary account holder and I didn't want to risk issues with that account as it feeds the mortgage

EssexHebridean

But you're transferring the mortgage payment across to the new account once it's all set up and you have confirmation that your next salary is going into it, yes? 

Makingabobor2

Agree with @EssexHebridean comment....you tell them what you can afford to pay, not what they ask for. And also, if they ask you to send an Income & Expenditure form,  you tweak it to show what you want, so you know you have a bit more than enough for all your outgoings etc and the emergency fund. 

NiteEyez1980

EssexHebridean said:

But you're transferring the mortgage payment across to the new account once it's all set up and you have confirmation that your next salary is going into it, yes? 

Yes I am kind sir

NiteEyez1980

I've drafted a letter. 

Should I say abot a dmp at this stage or wait for their response as I've asked them to cease charges and default a account

SusieT

NiteEyez1980 said:

It was just to see if everyone wrote back after they missed or waited to respond.

I want to default the account and then make. Reduced payments based on their offer

If you want them to default you do not write anything at all, just ignore all phone calls, emails and the computer generated letters that are telling you that the world will end if you do not contact them. With no contact they will default you automatically.  Just sit back and do nothing in this regard
While you are waiting for defaults, live to your new budget, save what you would have been paying (plus what you need to put aside each month for annual things, holidays, clothes and the normal emergency fund amount etc) so that you have an emercency fund in place for when the DMP starts. 
Then, work out from the budget for the DMP how much you will have available for repaying debt (lets say for simplicity that it is £500 and your total debt is £5000), then divide the amount you have available by the total debt to get what each £1 of debt will receive (500/5000 = £0.10p) so that when each debt defaults you can start to pay that amount in the £ so a £375 debt would receive £37.50 each month
In reality the less you communicate the better off you will be with them all. You are the one in control now!

kimwp

SusieT said:

NiteEyez1980 said:

It was just to see if everyone wrote back after they missed or waited to respond.

I want to default the account and then make. Reduced payments based on their offer

If you want them to default you do not write anything at all, just ignore all phone calls, emails and the computer generated letters that are telling you that the world will end if you do not contact them. With no contact they will default you automatically.  Just sit back and do nothing in this regard
While you are waiting for defaults, live to your new budget, save what you would have been paying (plus what you need to put aside each month for annual things, holidays, clothes and the normal emergency fund amount etc) so that you have an emercency fund in place for when the DMP starts. 
Then, work out from the budget for the DMP how much you will have available for repaying debt (lets say for simplicity that it is £500 and your total debt is £5000), then divide the amount you have available by the total debt to get what each £1 of debt will receive (500/5000 = £0.10p) so that when each debt defaults you can start to pay that amount in the £ so a £375 debt would receive £37.50 each month
In reality the less you communicate the better off you will be with them all. You are the one in control now!

Absolutely this. The only thing you want to be writing is to say that all communications from now should be via writing and they are not to call you.

EssexHebridean

Yes, this was my concern, that any contact now beyond a simple notification that they are not to call, but only to communicate via post would simply delay things. 

Makingabobor2

Sorry if I confused you by telling you what we did when we wrote our letters. I agree with what others have said here. If you are not in a position to actually start a DMP yet, then no point mentioning it...sorry