DMP help!

23flint

First ever post.

I am just about (in March) to embark on a DMP with CCCS. Debts stand at around £60000, mainly cc's and couple loans. Is it worth sending letters for cca's to each and every one or should i just let cccs manage my plan?

What can i expect from my creditors?

Will they accept the plan? £291 available to them all.

Aany help and advice greatfully received.

fermi

Welcome.

23flint wrote: »

What can i expect from my creditors?

Some hassle at first, but apparently it settles down eventually.

Will they accept the plan? £291 available to them all.

If you don't have any more than that there's not a lot they can do otherwise. They can try court, but if that's all you've got to spare then even they can't get any more from you normally.

At £291 per months on a £60,000 debt then you should probably have a look at the:

DMP Mutual Support Thread (Part Three)

and The long haul supporters thread...

Have a look at the Debt-Free Wannabee Newbies Guide: Challenges, Honour Roll, Nerds & Where to start! thread as well for idea's on how to save/raise more money over the term of the DMP.

Good luck.

mrsclecoco_2

Hi i'm prety new here too iv'e been with cccs for two years, we currently pay £266 a month on approx £38000, All creditors are fine at mo apart from Nat West x

poorandindenial

I don't have any DMP experience but in the meantime check out the DMP suoport thread, you might find some of the answers on there:

Link