DMP Mutual Support Thread (Part Three)

Jvic28

andytwonames wrote: »

No good at all. You can't eat a bus.

Neither can you get to work on a cabbage.

I agree. I hope they have the same SOH.

X

Jvic28

SortingIt wrote: »

In response to Jvic28 - I pay £787 per month on now about £55K. It's interesting to see what others are paying.

Take care.

Wow, thats a huge payment. But I guess it's all relative. £787 isn't a million miles from what I get paid every month so that would be impossible. Who is your DMP with or do you run your own?

x

simbalou

I will be paying £146 a month for approx £27k of debt, hoping to increase it as soon as I go out to work when both kids are at school.

I dream of the day I owe nobody anything

Just_Me_4

Jvic28 wrote: »

Wow, thats a huge payment. But I guess it's all relative. £787 isn't a million miles from what I get paid every month so that would be impossible. Who is your DMP with or do you run your own?

x

Our monthly payment is even more than that :eek: but we are both high earners.

Salazar_2

rayday2 wrote: »

I am a self administered one and also don't tell people in RL to be honest since entering a DMP my lifestyle and balance has improved so they assume that finance wise everything is OK - think they just think that I am tight!

No-one in real life knows about my situation either. I think they would be shocked. Since my DMP of £115 per month against a total debt of £14,700 leaves me £170 per month better off no-one will know the difference. The real difference now is that the money I spend now is all my own. It's a good feeling and I'm actually more careful the way I spend it as I know there are no credit cards to fall back on should I blow it all. I've even started a spending diary to keep track of things. I'll be buying an anorak next...

sam89

We pay £1400 each month to our DMP :eek: , basically every penny I earn goes to clear the debt and we live on OH's wages. If only we'd had this philosophy before we wouldn't be in such awful debt .

Sam,
x.

Edit: We have very little to show for our debts, the majority of it was paying credit cards with credit cards and the interest running away from us. And thinking that "somehow" it would sort itself out .

SortingIt_2

I agree Sam, if only I had learnt to live within my means a long time ago I would not be in this situation either. Still we live and learn and everyone here is in the same boat, no matter what our circumstances and what we pay each month.

I am definately better off with the DMP - money is so much more easy to manage and I feel better just knowing the debt is coming down slowly :-)

Jvic28 - I am with Payplan.

newlywed

Just under half my wages go to my DMP every month. If I'd had found out about DMP's before and not thought I could sort it out myself, then I could have had the majority of my wages go as I was living with my parents before I got married a couple of years ago.

I so wish I'd have sorted it out back then

rayday2

Yes but newlywed you could have gone on much more and be paying even more back its all relative - and sometimes the best lessons are ones we learn the hard way - we can make it a lesson learned for life so to speak!

loopylu36

I'm paying £1,497 to my DMP at the moment. I am still unable to put my debt total on my signature cos I am so embarrassed by it, but if I tell you that our DMP is due to run for 7.5yrs then I think you can all work it out for yourselves!:o

I'm in the same boat as SAM89, in as much as that payment is my salary and we live on DH's. Well in actual fact that WAS my salary as I have lost my job so god knows what will happen now. We have just about managed this month's DMP cos we had saved a bit in the beginning but I'm really panicking now that thats all gone . Went to Job Centre today to sign on - what a depressing experience that was, really need to find a job asap, but it is likely to be less well paid, so DMP is likely to be affected Still I would rather work and pay the debts off slowly but enjoy my quality of life, rather than work like a demon doing something I hate -caught between rock and hard place tho really as also want to be DF as soon as possible Where's the perfect job with a super salary when you need one?:rolleyes:

Also like Sam, we have nothing of any real value to show for our debt, - a few holidays and a nice TV, but mainly caught up in consolidating and respending and then ultimately living off credit. Sometimes I have a panic attack when I realise that my CCCS budget is what I will have to live off for at least the next 7.5 years, but then I just try to put it out of my mind and take each day as it comes. Do the same with all the "ifs" as well, so far as creditors are concerned - my worst case scenario is losing the house and bankruptcy, but somewhere along the journey of the last few weeks, I have discovered that if either/both of those things happen, then I will cope - the main thing is "whatever doesn't kill me will make me stronger" and I'm grateful in many ways that the only "problem" i have with my life is monetry and what's that old saying? Oh yeah "it's only money!" Please all of the newbies who are worrying themselves silly, please don't, because that old adage really is the truth - and since I don't have any it's no mean feat to be be able to say that!