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Step change Dmp

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LynchyT

LynchyT Posts: 4 Newbie

First Post

4 March at 4:36PM in Debt-free wannabe

I have just started a dmp with stepchange. I have a loan with zopa and they have said they are gong to keep adding interest to the loan. Do I just keep paying token payment to stepchange? I read on their site they may pass the debt into P2P ltd. Will they agree with the dmp payment. Has anyone had dealings with them?

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Comments

fatbelly Posts: 22,979 Forumite

4 March at 5:40PM

No point paying them till they freeze interest

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LynchyT Posts: 4 Newbie

4 March at 6:30PM

Thanks but it's already set up and first payment gone

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Grumpelstiltskin Posts: 5,469 Forumite

4 March at 6:43PM

You can cancel it, no problem.

If you go down to the woods today you better not go alone.
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Rob5342 Posts: 2,420 Forumite

4 March at 6:52PM edited 4 March at 6:52PM

It's normally far better if you stop paying completely and wait for defaults before starting a DMP.

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LynchyT Posts: 4 Newbie

4 March at 7:40PM

Thanks will do that. just nervous don't want the bailiffs turning up!

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Grumpelstiltskin Posts: 5,469 Forumite

4 March at 8:07PM

Look forget bailiffs, they don't turn up for normal unsecured debts.

If you go down to the woods today you better not go alone.
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