Which is better - CCCS DMP or Debt consolidation? hmmmm

champayne

Dear All

I'm a newbie and struggling with debts also and I'm currently wondering which is better CCCS' DMp or a debt consolidation? I'm confused and very stressed any happy would be greatly appreciated.

I've got an appointment with CCCS on 20th October so i've got sometime to ponder for a while.

Thanks

Champayne

norserose

Hello,

I'm on a dmp with CCCS, and it was the best thing for me. Consolidation is just another loan - which might be a good thing for you, it might not. Depends on your situation. Are you unable to make your payments at the moment?

Xbigman

Consolidation rarely works because you are just moving debts around and not paying them off. It can work if you address the underlying overspending problem, but if you can do that you don't need to consolidate just start paying things off.

CCCS is most usually the best bet if you have money left over after paying all your essential living expences, that is food, utilities, housing including secured debts.
Regards




X

super_mario_4

cccs dmp! on the down side you will have defaults registered if your creditors accept your offers (i work for egg and thats the process we have to follow if we accept cccs offers), but on the plus side most creditors will look to review your interest and freeze it. also you will be paying what you can afford