Hello all, just after some advice really as becoming drained and exhausted with dmp.
Basically I amassed £35k worth of debt back in 2019 on credit cards from living beyond my means after divorce. I have been in a DMP with Stepchange since then and have managed to get the balance down to £16.5k however my monthly payment has had to reduce to £200 and I’m not due to finish for another 77 months. I have no emergency fund and the last few weeks of each month are always hard treading water. The whole situation is draining. All debts are defaulted around the 2019 mark and no one is chasing or threatening me but the thoughts of another 77 months of this is depressing me seriously.
If I was to go self managed and stop paying for 3-4 months to build an emergency fund up for safety, and then start tackling them in a snowball method would the debtors likely start harassing me? I have not done cca requests but I’m worried if I do that it will encourage them to go down court order route if they find them. I guess my question is, how long after going self managed would they likely tolerate not getting a payment before starting proceedings?
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