Payment plans - how long for?

kpwll

I am just starting with Payplan, but my friend who has been with them for 2 years has a review every 12 months.

scooterwife

we're on a dmp with CCCS that started about 18months ago. This is reviewed bu them regularly, and new I&E forms sent to creditors. we've managed to increase payments last twice.
Of our creditors, several have just kept to the same amounts and extending the agreement. Two have started adding a little interest back on, but not as much as we were paying, and Halifax have started adding all interest on and a late payment fee every month, until they decide to pass to DCA (seems to be standard practice for them now!)
So the answer is really, it depends! some keep going, some pass to DCA
Hope this helps a bit though, try not to worry if you can help it, just do what you can, and I would recommend cccs if you need any extra advice.

scooterwife

haven't had any take us to court yet, (although First Credit did threaten) but there is always that possibility. Not much we can do about it really if thats the way they decide to go, but it seems that the courts look favourably if you are already trying to deal with debts, and take your I&E forms into account.

Deep_In_Debt

I'm on a DMP with CCCS too and I'm experience the same as scooterwife with Halifax. They refuse to accept my DMP so I'm just waiting until the debt gets passed to a DCA so that interest and charges are then frozen.

I'm due to have a review with CCCS soon and hoping to be in a position to increase my monthly payments a little. I may also be in a position to clear off a couple of my smaller debts, so that will mean that £20 pm to be shared amongst my other creditors. Going on a DMP with CCCS is the best thing I've done for a long time. I struggled for ages and tried to do a DMP myself but found many of the creditors to be quite difficult. However, since being with CCCS they seemed to have calmed down a little.