Hoping to do self managed DMP ... please check my ponderings

Littlered1

Hello everyone 
I am hoping to create a self managed DMP as opposed to an IVA with StepChange. Is it really hard? 
I am just starting to receive letters from Lloyds and MBNA to close my accounts and have received defaults.
No idea what to do next!!!
Not paid this month's payments... its scary...
Here are my details. Hope they are reasonable for a single working person. 
I had an accident and am now working again thankfully and pay a podiatrist 1/ month as I still am not able/allowed to bend following my op... 
I have a car that is getting on so I find i am paying more to keep it in good order.. its essential for work and its worth £1250.00
I am in this pickle for 3 events.
1. Terrible divorce and kicking up pieces of trying to clear debt built up by him but all in my name
2. Accident 2 years ago that involved 3 months off work and only received ssp so that used any of my small contingency 
3. Another fall a year ago that involved a stay in hospital and rehab/physio etc for 5 months and although this time I was paid I had to fund a lot to get back on my feet and back to work including having to spend several hundred to keep car on road so I could go back to work thankfully

Outgoings 
Groceries 200 this includes cat food and litter for one moggy 
Meals at work 20
Laundry 50 ( uniform means I have to wash daily and my washing machine died last year)
Household maintenance 25
Clothing and footwear 30 .. 
Toiletries 15
Hair 10
Broadband and tv 53
Mobile handset and sim 50
Leisure 25
Gifts 10
Tv licence 15
Rent 464 
Council tax 115
Contents insurance 7
Life insurance 20 (fixed cost to cover my funeral)
Medical 30 this is for podiatry as I cant bend... and physio costs to keep me able to work following accident/
operation
Dentist 15 
Optician 10
Electric 80
Gas 35
Water 25
Car insurance 35
Savings 9
Road tax 2
Fuel 250
Mot/repairs 75

Outgoings 1702

Income 
Salary 1580
Pension 206
Total 1790

Difference to put towards debts 86

Debts
Lloyds personal loan 6118
Lloyds credit card 476
Lloyds overdraft 483
Barclaycard credit card 888
Mbna ctrdit card 4137
Virgin credit card 1559

Hope this makes sense!!

I literally have no idea what to do next.

Grumpelstiltskin

Have you looked into a DRO?

How to get a Debt Relief Order (DRO) - GOV.UK

Littlered1

Hi. No i am afraid I have looked at so many options I am unsure which is better option now! 

RAS

The other option might be affordability claims, or write offs, depending on the reason for debt.

So debt accrued in the marriage, or as a result of accidents, try write offs first? Others will have views.

But if that goes no where, look at a DRO?

RhiBi

Hi, I don’t know the circumstances of your divorce, and not asking to share if you don’t want to.  I just thought I’d tell you some of my situation in case it helps.

I was in a dv marriage which included financial abuse where he ran up debts in my name or used the joint account when he wasn’t working so only my pay going in.  Spent mostly of beer and fags but meant I needed to use more credit for general living expenses - and some holidays in order to keep up appearances of all being ok.

anyway, so far, I have had 1 debt where I owed £12000 written off due to the evidence I was able to provide and am awaiting decisions on others.

i don’t know if this is possible in your circumstances but it might be worth exploring.

Littlered1

Hi it was accrued in the main as I had to pay bills etc on credit cards as I didnt have enough in the early years when husband left etc.. then was just getting somewhere and had 1st accident... 
I was hoping I could offer payments to creditors based on my soa and manage it myself? 

Littlered1

Grumpelstiltskin said:

Have you looked 

Ah ha I couldn't do a DRO as I have more than £75/ month..  

RAS

Given how tight your budget is, and two health issues plus increased costs needed to maintain your health and work, I'd still talk to a good debt advisor with relevant experience about write offs. 

Littlered1

RhiBi said:

Hi, I don’t know the circumstances of your divorce, and not asking to share if you don’t want to.  I just thought I’d tell you some of my situation in case it helps.

I was in a dv marriage which included financial abuse where he ran up debts in my name or used the joint account when he wasn’t working so only my pay going in.  Spent mostly of beer and fags but meant I needed to use more credit for general living expenses - and some holidays in order to keep up appearances of all being ok.

anyway, so far, I have had 1 debt where I owed £12000 written off due to the evidence I was able to provide and am awaiting decisions on others.

i don’t know if this is possible in your circumstances but it might be worth exploring.

That is so kind of toy for sharing thank you. I cant really evidence the events that lead to my divorce but I really appreciate you taking the time to respond. I hope you are in a happier place now .

fatbelly

The difference between 75 surplus and 86 surplus is only 11 per month. That's £2.50ish per week - easily do-able for a debt adviser.

And come April you may well find your income goes up less than your electricity, gas, water and council tax

As a non-homeowner with a cheap car, all the options are open to you. It's just a case of choosing the right one.

You could benefit from talking things through with an adviser. Stepchange are as good as any but they would have to refer you on for a DRO

Littlered1

fatbelly said:

The difference between 75 surplus and 86 surplus is only 11 per month. That's £2.50ish per week - easily do-able for a debt adviser.

And come April you may well find your income goes up less than your electricity, gas, water and council tax

As a non-homeowner with a cheap car, all the options are open to you. It's just a case of choosing the right one.

You could benefit from talking things through with an adviser. Stepchange are as good as any but they would have to refer you on for a DRO

Thank you so much... I will look at that now. My preference would be a DRO from what I can see ..