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DMP & loss of earnings
continualdiamond
Posts: 2,830 Forumite
Where do we stand if we suddenly cannot afford our DMP anymore???
It seems one thing after another with us. 1st we admitted we had problems repaying debts over 3mths ago, but payplan couldn't act for us as we hadn't started paying a nothing for 12mths agreement, so had to make 3 payments to that.
Finally got that out of way and paid our 1st payment to payplan on the 22nd Jan. OH just texts me to say he had his 6mth probation meeting and his boss is undecided on whether to keep him on, so he might not have any work next week.
What happens if looses his job???? No way can we afford our debt repayments on my wage alone, or even the everyday living costs.
Creditors will be really happy, we make 1 repayment and then can't afford anymore....
It's my bday on Monday and now i have a nice little pressie, i can worry even more about money......lovely.....
It seems one thing after another with us. 1st we admitted we had problems repaying debts over 3mths ago, but payplan couldn't act for us as we hadn't started paying a nothing for 12mths agreement, so had to make 3 payments to that.
Finally got that out of way and paid our 1st payment to payplan on the 22nd Jan. OH just texts me to say he had his 6mth probation meeting and his boss is undecided on whether to keep him on, so he might not have any work next week.
What happens if looses his job???? No way can we afford our debt repayments on my wage alone, or even the everyday living costs.
Creditors will be really happy, we make 1 repayment and then can't afford anymore....
It's my bday on Monday and now i have a nice little pressie, i can worry even more about money......lovely.....
Mummy to two girls: October 2013 and February 2016
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Comments
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If anyone losses there jobs you have to write to creditors explain it all and offer token payments of £1, its a significant change in circumstances so something has to be done. Paypal should do it for you.
As for your birthday I know how you feel mine was cancelled this year, no presents at all to be re scheduled in May. At least the weather then may be a gift
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