DMP proforma?

mother_hen_2

We would like to go down the route of self-administrating a DMP with a view to negotiating with the companies reducing their interest/debt owed - I know it won't be easy (neither is our other option of IVA). However, I do recall reading one or two post where people have attempted this themselves using the proforma letters on the national debt helpline. I have tried to download these letters but struggled, does anybody know of any other proforma I can use? Can anyone give us any advice/guidance on this??
thanks

chevalier

how are you struggling with them? do you have the right verson of Adobe Acrobat on your computer as this has caused me a problem before. Or else just print them off and fill them in by hand?
chev

natters_2

Hi

I am doing my DMP myself, it is a fight to begin with as all your creditors will try and bully you into paying more.

Fill in the form on this link for your SOA and enclose with the letter

http://www.britishinvasion.co.uk/soa/soaedit.php

Can't find the initial letter we sent out as it was quite a while ago - but I'm sure someone will be along with the right link.

Good luck - it does get easier

mother_hen_2

thankyou for the post-suspect we will go via the formal route of DMP via CCSS- all getting too big...

stapeley

Who are debts with ? If its DCA , CCA request them . It could be some are unenforceable .

mother_hen_2

Having looked closely a IVA is our only option (if agreed), thanks for advice though.

mummytofour

mother_hen wrote: »

Having looked closely a IVA is our only option (if agreed), thanks for advice though.

I hat IVAs as you are tied in for 5 yrs, 5 yrs is a looonnng time and who knows what will happen?

rayday2

I don't know much about IVAs but they can run for longer than 5 years I think Martin has posted about them on the site somewhere - definately a huge step to think about much bigger than the decision for a DMP.

If they fail there is a bigger risk of bankrupcy being the only option and the amounts you pay can go up on an IVA.

Has a charity or a company recommended an IVA?

bank_of_slate

Hi Mother Hen, Many people have found CCCs and the legal people on the CAB website very helpful!
hope it all goes well, keep posting!
...Linda xx

rayday2

http://www.moneysavingexpert.com/loans/pdf-iva-guide.pdf

Martins guide to IVAs