help dmp or sort it out yourself

PEPPAPIG79

hi am new doing the whole debt thing for 2 years paying off well now ive had enough of all dca /cc companys
had a phone call from cccs to see what they can do ,offered me a dmp which would take me 5 years to pay off .
if i do it myself just under 3years
at the begining 2 years ago debt was under 5 grand told to pay all creditors a token payment 1 pound a month which i did now debt has up to 7 grand (charges /interest)
list of debt
mcs (hsbc )1868.00 dealing with £5 week
equi debt (mbna) 839.00 dealing £5 week
capquest 254.00 not heard from them in a while
studio 651.00 as above
ikano 169.00 as above
littlewoods 385.00 as above
vodafone 174.00 as above
3g 120.00 as above
sgyma bank 1448.00 peeing me off dont want my offer of payment getting a £5.00 a week
next 233.00 £1.00 a week
argos 327.00 £ 5 a week
grolier 500.00 gone to 5 different dca they pee me off cant keep up with them
orange 500.00 one to sort out
s power 300.00 one to sort out
thats all can anyone help me make the right choice dmp or sort it myself
my reason for debt is oh has cancer and i had to provide everything for a while ctc and cb was our only income paying the price now

poorandindenial

Afternoon, sorry to hear about OH's diagnosis, fingers crossed for you both and for his/her treatment.

You have quite a few people to deal with here, If it were me I would go with one of the debt advice charities (like the one you contacted) it may take longer to pay off but they will do all the legwork (you can just tell the companies to speak to CCCS every time they contact you) and after a couple of months the companies will stop contacting you, then you can focus on you and OH more. The DMP you set up with CCCS initially may take 5 years instead of 3 but you can review this over time and if you have extra cash floating around you can make sure you don't spend it and then you can put this towards all your debts or save it so that you have a couple of hundred as a buffer just in case you need it.

Obviously you may prefer to run the DMP yourself, but the first few months could be quite a lot of stress as you will have to negotiate rather than CCCS negotiating for you (that will calm down though and lots of people on here have their own DMPs and feel a lot better for doing it themselves)

It basically comes down to personal preference.

PEPPAPIG79

thanks for the advice ive got 2 weeks to decide with cccs them taking control of the debts .tbh am not getting hassle from anyone ,just paying who prepared to work with me ,paying off my lowest debt fast working my way up , thats the plan anyway .

HHH_2

with my CCCS DMP all interest has been stopped dont know if it makes any difference if you do your own or if they're more likely to stop interest if you're with CCCS or someone similar

dancingfairy

Have you sent all creditors you SOA? and are you paying them all pro rata? Ie the more you owe to them the more you pay out of any money you have available for debt repayment- it doesn't look like you are giving them each a fair share to be honest so maybe that's why they won't freeze interest? Have you explained that this situation was caused by your OH having cancer and asked them to freeze interest?
Also pop up you SOA - all your incomings and outgoings and maybe people can advise you on any areas you can cut down on?

PEPPAPIG79

yes sent them all soa i do it every 6months .cccs did one this morning and said i had 120 a month left over ,their is no interest or charges at moment on any debts .just started claiming cc charges and bank charges doing 1 letter a week then am going to right to all cataloges and do the same to them as i had ppi with studio ,littlewoods ,and argos who said at the time i could not claim .as for oh illness creditors are not bother just want money ,i will post my soa later

PEPPAPIG79

hi am ging with the dmp with cccs feel sick with sorting it all out and worried the thought of not having to hide letters you dont know what ive done to get rid of oh before postmans comes

PEPPAPIG79

hi this is my soa
ground rent 5
water 32
council tax 19
gas 70
electric 50
social f loan 1
b and c insur 25
internet phone 45
tv lic 12
travel 217
food 216
clothing footwear 58
gym 42
school trip act 10
hairdressing 5
sports hobbies 60
total 885.00
110 left to pay my dmp with cccs yes am going to do the dmp wasnt sure but it feels a step in the right direction