DMP Mutual Support Thread (Part Three)

andytwonames

What do you mean? Is this thing not true then?

I've just cancelled my DMP and sent them my motgage money too.

Yeah, right!

rayday2

I think I know why you are in trouble now

andytwonames

rayday2 wrote: »

I think I know why you are in trouble now

I feel all hurt and let down.

I'm STILL waiting for that bloke in Nigeria to send me my million dollars commission too.

andytwonames

Had a good but strange result. Long story, bear with me....

I've been doing the online budget wotsit with CCCS and it all looked just about doable and then I had a conversation with them.

I have a NR mortgage with an attached personal loan and I had just lumped that all together as the mortgage payment. It has 18 or so years to run.

When I spoke to CCCS, they said that the unsecured part of the NR loan HAD to come into the DMP or other creditors will get upset and also tarnish the reputation of CCCS. Fair enough, I understand.

Here's the twist.....
Bringing the unsecured NR in with the rest of my creditors and apportioning my funds out to them, they now get about 55 quid MORE than the contractual payment and everyone else gets a bit less. Best news is that the NR loan allows overpayments.

Ho hum!

rayday2

Thats pro rata for you!

Life is full of strange twists and turns!

maz1964

Hiya all,
ive read from page 99 and you have all given me hope - rayday glad you are feeling better now, you are forever giving us all hope here you know and we do understand that sometimes, we just want to scream and cry - i do cry with frustration but life is far more precious that the damn debt.

Like you all say, we are doing our best the banks can wait, it may mean we are forever under paperwork but it does sort itself out in the end.

Chin up all and keep happy - ciao for now MAZ

loopylu36

andytwonames wrote: »

Had a good but strange result. Long story, bear with me....

I've been doing the online budget wotsit with CCCS and it all looked just about doable and then I had a conversation with them.

I have a NR mortgage with an attached personal loan and I had just lumped that all together as the mortgage payment. It has 18 or so years to run.

When I spoke to CCCS, they said that the unsecured part of the NR loan HAD to come into the DMP or other creditors will get upset and also tarnish the reputation of CCCS. Fair enough, I understand.

Here's the twist.....
Bringing the unsecured NR in with the rest of my creditors and apportioning my funds out to them, they now get about 55 quid MORE than the contractual payment and everyone else gets a bit less. Best news is that the NR loan allows overpayments.

Ho hum!

How does that work then? I thought that my NR loan would work out that way, as the contractual payments are quite low, but CCCS told me that you would NEVER pay an amount equal to or more than the contractual payment on the DMP and surely if they are getting more than their fare share it is not fair on the other creditors and they could still kick off?

PS Not wanting to rain on your parade by the way, but having a bit of a rayday child feet stamping, it's not fair moment! If my payments had been worked out that way then I wouldn't be facing a charging order! But actually as I type I think I've just sussed the difference between us - you are presumably paying the same rate as your mortgage, whilst mine is 10.49% so the payments are that much higher - I think they would be at least 1/3rd less if I was on normal mortgage rate - that's probably why your payment has worked out differently.

HollyB

Hi Everyone

Im new to this, but I think I wil be on a DMP for what seems like an eternity so any tips greatly received, there are some serioulsy nasy creditors out there. How do I join? Hollyb

rayday2

I could feet stamp with you with that thought loopy!

You are all amazing thank you all for today.

rayday2

HollyB wrote: »

Hi Everyone

Im new to this, but I think I wil be on a DMP for what seems like an eternity so any tips greatly received, there are some serioulsy nasy creditors out there. How do I join? Hollyb

You just joined member no 182!

My biggest tip is to take one day at a time and try not to worry too far ahead.

My DFD was 34 years but probably less than that now - but its not important to me, being able to live day to day and afford food etc is a blessing and if it takes a while to be free of debt so be it I have a better lifestyle now than I did with credit lines open.

You have any specific worries just shout or type usually there is someone around who will know or support!