Payplan or National Debtline??? Advice and opinion please.

NUFCnutter

On a DMP say I come into some money (eg if my bank ever repays me the charges they owe) can I pay off some of the debts or do I have to stick with the DMP set out?

Tigert

NUF!!!!ter wrote: »

On a DMP say I come into some money (eg if my bank ever repays me the charges they owe) can I pay off some of the debts or do I have to stick with the DMP set out?

That depends - If you do use it to pay off debts then you should spread it pro-rata between your creditors (Payplan will do that for you if you ask them to). I asked Payplan the same question and was told that if it's a small amount it's best to keep it as contingency/saving as if a creditor gets a bigger payout for 1 month they will start pushing for more every month.

My bonus this year was so small it didn't really matter in the end :mad:

DEBT_23

Isnt payplan funded by the banks that we owe the moneys too.. i dont see how they are different from the ones that advertise on tv ( as they get charged from us ) wont they be on our side more than payplan..

I could be wrong but i was told that from a Union Member at work who dealt with payplan rep, they wanted us to advertise their posters etc in staff diarys

10past6

DEBT_23 wrote: »

Isnt payplan funded by the banks that we owe the moneys too..

They are supported by the financial industry, they act independant of the banks, but act as a go between you and the financial company you're having difficulty with.

NUFCnutter

So nothing really bad about them then. Am thinking of phoning up first thing in the morning then.