Dmp

Gotindebtman

Hi no judgement for this please I have been on dmp for about 6 years and had about 20 k left.  I have run up further debts and added them to my plan which I can clear all in 8 years.  

Step change have been brilliant as always but I’m having sudden pangs of anxiety thinking that I’m now going to be took to court and my new creditors won’t accept the payments ( which I’ve never missed on original ones in 6 years)

I have experience of debt being passed on so I’m used to that and my original dmp I’ve never had any issues with creditors

not sure if my anxiety about them not accepting the plan or having bailiffs or court orders etc is realistic -  although I’ve been irresponsible I’ve taken the steps to get this sorted and luckily my circumstances have changed so I can pay £920 a month ( I have a lot of debt so no judgement required)

anyone had experience of being taken to court if they keep up payments or bailiffs knocking doors 

plan for new creditors is being set up as we speak and first new payment going out 1st feb 2025

fatbelly

You haven't had any court action in the past 6 years. Why do you think you might get some in the next 8?

Actually that is a long time for a dmp and £920 x 96 months is a lot of money

What do you have in the way of assets? Car? Properties with equity?

Brie

So very unlikely any company would consider court if you are making regular payments.  Frankly I think a judge would chuck them out and throw a book at them too.  

Bailiffs too are incredibly unlikely.  Yes you might get debt collectors who are just hired bullies making demands.  As soon as you are paying them they know there is no point wasting their time.

And yes - I've seen people who have individuals banging on their door, making threats, demanding money as well as people being taken to court and having to explain themselves to a judge.  These are people who have pretended that nothing was wrong and did nothing to stop things progressing.  That's not you.  You are taking control of the situation.  I'm hoping you can make it all work out for you and reach a point without debt to make you anxious.  

sourcrates

DMP`s are never really refused, no one ever refuses money now do they, you pay what`s affordable, and the lender then reduces your balance.

New debts are treated the same as the rest, its all computerised, no one is taking note of your actions.

If a creditor is not happy with the level of payment you are making, they simply off load the debt to another company, or assign it to a debt collector, they won`t get any more money by taking legal action, as both DMP and court payments are defined by the same budget.

It also pays to do your own research before posting about the likelihood of having a bailiff call, in order for that to happen, the lender must first take you to court, have a CCJ awarded against you, and then you must fail to pay that judgement, and only then, could a creditor engage a bailiff to call on you, and they can be dealt with by locking your doors, and ignoring them, bailiffs are only an issue if you let them in.

ManyWays

You can look at making CCA requests for any of the debts in your first DMP that have been sold to debt collectors. If the debt collector cant find it you can just stop paying, see https://nationaldebtline.org/get-information/guides/credit-agreements-getting-information-ew/  You havent said how big the new debts are but you may be able to win irresponsible lending complaints against them and some interest removed. 

katsu

If you've been on a dmp and run up more debts during the DMP, are you sure that the debt repayments are at the right level?  

It's not about judging you, it's about making the situation sustainable for you to get debt free. 

I believe you aren't supposed to take out extra debt during a DMP, and that you shouldn't need to if the budget is set correctly (unless say you need to get a new car say or you take out student finance).  So if you've taken out more debt maybe your budget is too tight?

If you want to share an SOA here you'll get lots of useful feedback if that might help you. 

EssexHebridean

I would agree that it sounds like looking at your budget might be a plan - do you have an emergency fund? If not, that could explain the added debt as there simply hasn’t been the money waiting in the wings to cover you when things go wrong. 

This might be a good time to re-evaluate - is it possible that your DMP contribution was set back when you first started and you’ve not really reviewed your budget again since? An awful lot had happened since you began, and what with the effects of Covid, inflation going through a very high patch, and the cost of living crisis plus general year on year increases it’s highly unlikely that figures that covered your expenditure then won’t do now - so your payments may need reviewing.