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Moving To Self Managed DMP

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Good evening, I’m currently with StepChange on a DMP.  I’m wanting to move to self managed and wondering if it’s as simple as contacting the creditors and saying i shall continue to pay the same amount each month?

Thanks.

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  • sourcrates
    sourcrates Posts: 31,582 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    (1) Obtain your creditors payment information.
    (2) write and inform both your creditors, and stepchange, that you intend to go self managed.
    (3) Input the payment info into your online banking, and make the payments on a monthly basis.
    (4) Job done.
    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-letter
  • (1) Obtain your creditors payment information.
    (2) write and inform both your creditors, and stepchange, that you intend to go self managed.
    (3) Input the payment info into your online banking, and make the payments on a monthly basis.
    (4) Job done.
    thank you, was hoping it was going to be that easy.
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