Changing bank accounts

tishywish

I hope someone can give me some advice on this one:

I'm about to send off my forms for a DMP with Pay Plan, and have just opened a new bank account as one of my CCs is with my current bank. Pay goes into the account on the 26th normally (it'll be the 25th this month) and all DDs come out on the 1st of the month. So should I try to get my DDs set up in the new account for May, or leave it for June?

It's too late to get the pay office to change my bank account details for this month as they need 2 clear working weeks so I'd have to take all the money out up to my overdraft limit if I was to get the DDs transferred for May. My OD is going on the DMP once I've got it set up.

On another note, I've just phoned one of my creditors to tell them I'm dealing with Pay Plan - that was scary but I managed to talk to them without getting stressed - unlike last time I spoke to them when they phoned just as I was going to bed!

tishywish

Bumping up before I start filling in forms

HHH_2

If your pay goes into your old account your bank can and will take out what they want to service your debt regardless of any DDs or anything else you have to pay so it's probably worth seeing if you can change you DDs to your new account. good luck with your dmp they are a godsend!

tishywish

Thanks, so I should think it's best to try to get all DDs set up for May frmo the new account and just take the money out from the old one as quickly as I can? I haven't finished filling out the DMP forms yet so I'm getting on with that this afternoon.