The start of a long journey - DMP with CCCS

in Debt free diaries
7 replies 2.2K views
Hi all,

We have sent off all our signed agreements to CCCS to start our DMP today and all the "we are in debt" letters to our creditors.

Feel quite relieved in a way. We are only behind on one of our cards and up to date with payments on everything else.

What can we realistically expect as a response from our creditors, given that we have identified our problem and sought professional help before we defaulted on anything or got really behind - will this go in our favour ?

Our creditors are LLoyds TSB, Virgin credit card, Citi card, Argos, Next, EON and Halifax

Thanks for your help and good luck to all DFWs

K
xx

Replies

  • shinyheadshinyhead Forumite
    422 Posts
    Welcome to the forum. You might want to subscribe and register on the DMP Mutual Support Thread. Have a look through and you might get a feel of what it's like on a DMP.

    How your creditors will react is quite honestly anyone's guess. You can probably expect a pile of letters and calls the first month or so into your DMP after which the computers get fed up! After that it tends to settle down.

    If you take a good look at the threads on this forum you'll see some creditors' names come up more often than others in a sort of bad way but as has been discussed there seems to be no logic behind whther they accept your DMP or not.

    Once again welcome and hope you find the help and advice you're looking for.
  • 10past610past6 Forumite
    5K Posts
    Hi and welcome

    As shinyhead has stated, its anyone’s guess as to how creditors react, although I’ll give you a few tips:

    When you start receiving letters, don’t panic, there system generated.

    If your creditors’ call, inform them you will only deal with them in writing and writing only, and ask them to remove your telephone number from there databases.

    As much as you want to be stress free from your debts, creditors will call with the intention of trying to intimidate you, don’t allow them to, providing you remain in control of your debts you will be OK.

    If you do receive calls from your creditors and are unable to hang up, try and obtain the name of a supervisor / manager and a fax number, then go back to your DMP manager and ask them to fax over your I&E and “Letter of Authority” this gives permission for your DMP organisation to deal on your behalf.
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • Thank you - you guys are all so helpful

    I wanted to make our first payment at the beginning of May but they say its too late now and it will be June, the paperwork they sent out mentioned sending a token payment in the interim until the DMP is sorted, should I do this ?

    I have sent the letter to all the creditors already, should I write another letter and send them a token payment as well and if so how would I work out how much to give to make sure I was giving the correct amount according to how much I owe ?

    Kx
  • 10past610past6 Forumite
    5K Posts
    I have sent the letter to all the creditors already, should I write another letter and send them a token payment as well and if so how would I work out how much to give to make sure I was giving the correct amount according to how much I owe ?

    Kx
    Send your creditors £1.00 postal order for each account, until your DMP is set up, this is just a token payment, and all that is required.
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • Deep_In_DebtDeep_In_Debt Forumite
    8.6K Posts
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Forumite
    Welcome to the forum. I've just started at DMP with CCCS too. You will get calls from the "nasties" (I've just had a rant on another thread about them!). Don't let them get to you. I just have a bit of fun with them now and see how long it takes them to put the phone down on me.

    I would suggest that you send the token payment to cover May until your dmp starts.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • dinx1972dinx1972 Forumite
    1.9K Posts
    Debt-free and Proud!
    As someone who has been on a DMP for nearly 3 years now :eek: , I can only confirm what others have already said, everything goes kind of crazy for a while, but it does quieten down after the first few months.

    My philosopy now is tis only money and you cannot have what I haven't got.

    Good luck on your journey.
    :j DEBT FREE FROM 01/01/11 :j
    Declutter 2012 - 191, 2013 - 26
  • Deep_In_DebtDeep_In_Debt Forumite
    8.6K Posts
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Forumite
    Exactly Dinx.They can't get blood out of a stone. My motto too!

    Kras, stick with it. You've done the right thing by posting here. You'll get massive of help and support.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
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