DMP Mutual Support Thread (Part Three)

Gingerish

rayday2 wrote: »

It is a huge relief really nice that a company see our DMP as being responsible too. In two years time if we are not late or don't miss any payments they will ignore our credit rating and put us onto one of there "normal" borrowers rates.

So really pleased!

Thanks everyone I did feel a bit bad when people seem to be having so many teething troubles and I hope the good vibes rub off on others!

That makes me feel much less apprehensive about going on a DMP. Thank you for such brilliant news!!! :T

rayday2

Amy - I take it you were feeling perkier and decided to fight back - good on you. Try not to worry too much about GP go in there and say you want your perscription like you other GP gave you as things are even more stressful at the moment. You know rather than asking them if its ok.

nomoneynomney - I did warn you it was a basic one but it is so basic you can sort of adapt it for allsorts, I have overall debts, current account, each individual creditor, even budgets for house repairs.

I think creditors don't really care where the money comes from so long as it keeps coming. Most of my companies accept standing orders and those that don't just have to put up with cheques - never direct debits! In fact last month I paid one of my smaller ones off, I keep sending etc to the smaller ones trying to chisel away a bit, feels darn good when you check your credit history online and see "fulfilled requirements!"

Gingerish

Just thought I'll explain why I'm so apprehensive about going on a DMP. My OH is not in debt, only me but we are council leaseholders and at the end of last year our local council decided to change windows in our block of flats and also do redecorating at the same time and we are going to face a £10K bill later this year for the pleasure :eek:
We don't quite know what to do with it at the moment, as a council leaseholder you have virtually no rights to protest and now I've decided to go on a DMP as well so it's not going to be easy sailing. XXX

Bigdi

Fab news Rayday! There is a light at the end of the tunnel! :j

rayday2

Gingerish wrote: »

That makes me feel much less apprehensive about going on a DMP. Thank you for such brilliant news!!! :T

I still remember going on a DMP it was very daunting but in a way not as bad as the sheer panic of not having any money to buy food. I run my own DMP and to be honest when I entered into it I didn't even know it was called a DMP - I just sent letters of offers of payment and asked interest to be frozen.

We have had our ups and downs in the past two years nearly that we have been on ours, but none as grim as the times before and constantly checking online banking and taking money off credit cards to stop going overdrawn and then seeing my available credit slowly disappear.

People in here have been brilliant with me, even if it was just knowing others were doing the same it felt good. All my friend are still out and about, shopping with cards, putting weekends away onto plastic and can't really picture a life without credit - so its nice not to be alone!

Well done for coming to the decision and I hope you get a smooth ride!

rayday2

Gingerish wrote: »

Just thought I'll explain why I'm so apprehensive about going on a DMP. My OH is not in debt, only me but we are council leaseholders and at the end of last year our local council decided to change windows in our block of flats and also do redecorating at the same time and we are going to face a £10K bill later this year for the pleasure :eek:
We don't quite know what to do with it at the moment, as a council leaseholder you have virtually no rights to protest and now I've decided to go on a DMP as well so it's not going to be easy sailing. XXX

Hmm not sure if this is an option for you, but my mum had to have some work done by law on her house, something to do with foul water going into rivers or something. For some reason the council were involved and got workers in, they let my mum have a charge put on her property so if they ever sell then it gets paid from that. I don't really know much about it and I don't speak with my mum now but have you rung the council to see what can be done? I think my mum got billed, said she couldn't pay (which they told her to do) then had paperwork for a charge.

Maybe they can do a payment plan or something - got to be other people who don't have cash spare - I know I don't!

Gingerish

rayday2 wrote: »

I still remember going on a DMP it was very daunting but in a way not as bad as the sheer panic of not having any money to buy food. I run my own DMP and to be honest when I entered into it I didn't even know it was called a DMP - I just sent letters of offers of payment and asked interest to be frozen.

We have had our ups and downs in the past two years nearly that we have been on ours, but none as grim as the times before and constantly checking online banking and taking money off credit cards to stop going overdrawn and then seeing my available credit slowly disappear.

People in here have been brilliant with me, even if it was just knowing others were doing the same it felt good. All my friend are still out and about, shopping with cards, putting weekends away onto plastic and can't really picture a life without credit - so its nice not to be alone!

Well done for coming to the decision and I hope you get a smooth ride!

How do you cope with extras like Xmas, birthdays, unexpected bills etc? Payplan have left me quite a generous bit of money at the moment but I'm thinking about putting more towards the debt rather than having too much to "play with" as I've always been a hopeless spender. I'm also hoping to learn a big lesson from this experience and learn how NOT to spend. XXX

geoffmr1

Has anybody on here had any luck with full & final settlement offers to creditors. I know that CCCS may not be in great favour of doing it, but some of my debts are so small eg £180 that the £5 token payment they get each month would be better served going towards the larger debts.

It would just be interesting to know what sort of percentage creditors would look for before agreeing full settlement?? I obviously understand each creditor is different but if someone has actually gone this route it would be nice to know what happened??

rayday2

Gingerish wrote: »

How do you cope with extras like Xmas, birthdays, unexpected bills etc? Payplan have left me quite a generous bit of money at the moment but I'm thinking about putting more towards the debt rather than having too much to "play with" as I've always been a hopeless spender. I'm also hoping to learn a big lesson from this experience and learn how NOT to spend. XXX

Christmas is easy I do mindless of surveys, hubby does them too so for last three years now Christmas is paid for, so far this year have about £175 in gift vouchers saved up.

Birthdays I have a £10 savings a month which goes into one account as two of my daughters have birthdays within a day of each other so that covers there celebrations and presents, my other daughter is on her own so easier to save up for.

I have £20 a month that goes into an emergency ISA account, this is for if anything breaks unexpectantly, eg dishwasher (I know not essential to many but in this house it is!) Also my MIL ended up in Intensive care last year and we had to fork out for hotels while visiting her.

Family birthdays and friends I tend to buy things as I see them maybe months before a birthday.

It may seem that you have a lot of money left over but really that is what you should have left over if you were not over stretched, try to save as much as you can. The worst you can do is build a bit of a nest egg. Its very hard to have a crisis in the house and then realise you have no credit line - so the more you can save and the less you can spend the better.

Gingerish

Thank you for ideas Rayday2. It seems a lot people do well selling stuff on ebay as well.
I've been trying to keep with the minimum payments for the last few months so having a little bit of money every month will seem like a fortune.