Debt Help Please

jags10

Good Morning All. New user here. 
So I have 20k of loans and credit card debt. I basically enjoyed my youth. Went on nice holidays. Brought Nice luxuries etc. Got the 0 percent offers on cards etc. Also lets say due to ADHD got addicted to taking more and spending more then I have. 

I have a done a DMP before tbh and all debts are defaulted. so know how the process works.
But i had temporary income suspension. This caused my DMP to end. Since then I have now joined a new DMP. but have a few questions. 

1st of all the offers to some creditors are lower on this new DMP due to me adding two new debts. Will the creditors be like we got more before and less now and reject it. New DMP is with Pay plan. 

I also added 2 Capital one debts, they are 200 balance and 500 balance. The DMP is only offering them £1. I know it will default. For me if I have 6 defaults already so another 2 are not going to matter. I'm at the stage where everything is defaulted so don't care about my record, id rather have more cash for savings and living and enjoying life. 

So my questions are, how are Capital One on defaults. Are they harsh with door collectors etc. Or will it be like the others, Default and pay them the payments. 

Will the other creditors accept the payplan dmp now. Income and expenditure is same  as it was before. 

Also, I brought a private reg on Finance. I wanted to treat myself. Now my question is, if I default this. Will they take the reg off me. Is this classed as a secure loan. Or is it unsecured. Its immoral I know. But I'm thinking as my credit record is ruined, to just default on this loan too and not pay it off.

fatbelly

I'm not sure on your last question. Do you have paperwork? Is it headed loan under consumer credit act? If so, it's just another loan.

Regarding your dmp, payplan will justify your payments to your creditors so you should be ok.

This sounds like a very long plan. Have payplan discussed any form of insolvency?

jags10

fatbelly said:

I'm not sure on your last question. Do you have paperwork? Is it headed loan under consumer credit act? If so, it's just another loan.

Regarding your dmp, payplan will justify your payments to your creditors so you should be ok.

This sounds like a very long plan. Have payplan discussed any form of insolvency?

Thanks for the advise, Ill look into the last one. Yes its a long plan. My aim here is to save for 6 years. The credit record is ruined. Paying off isn't going to help it. So i plan to save make offers in 6 years. Insolvency was discussed its not for me. I have a car on HP which i will not give up. Its my hobby. It is worth more then the IP would like. I also dont want a formal plan where creditors and the IP can look at my wage and take a lump sum. DMP works as a informal plan. My cash in the bank is mine. I pay what i can to creditors.