DMP Mutual Support Thread (Part 4)

rayday2

Althea - I added you to the list on page 2, number 239 - so this is your official welcome!

mleach26

rayday2 wrote: »

If you followed the amounts to live on guidance for clothes, housekeeping etc then what is left should go to creditors. When I first did mine with National Debtline I put in school dinners, money for canteen allsorts that I don't normally pay out to give me bits to live on. The beauty of doing your own is that you can tweak it as we all live differently. I even put regular prescriptions down.

I read your post as if you fill it in you should have enough left over to pay them what they should get anyway, and obviously you aren't managign that or you wouldn't consider a DMP so re go over the figures until you are realistically able to manage you can always review and up payments later much better than lowering them.

Rayday2, thanks for comments, at the moment i do pay what is required, but living off the credit cards at the moment, that is why am considering the DMP. I will certainly fill in other areas like the school meals etc, although my kids have packed lunches regular prescriptions also count my wife has them. Its good to get someon elses views as have never missed any debt payments yet, but if gas and elec go up again liket hey will then i want to make sure i have enough for my family.

Althea

rayday2 wrote: »

I would transfer that ISA I know if its savings M&S can dip into it so to be totally sure find a neutral bank and move it. I am pretty sure you can transfer ISA as A&L offered me the facility. So to be 110% safe look into moving it.

I will get onto that number too for you!

Thanks for the number, now all I have to do is set up a sig!

Oh! I didn't know you CAN transfer ISAs, I thought once they were set up they were set in stone, as it were, until you close it or it matures. I shall have to do some digging ... FAST digging, I assume these things take time to process and I think I'm almost out of time ..

rayday2

I did the same as you I started mine before I missed any payments as I could see my overdraft growing and card limits getting closer. We were surviving on a lot less than what we officially should. Take another look and see what you can re-jig in remembering dreaded Xmas is coming too! And you could potentially be without credit.

rayday2

Althea wrote: »

Thanks for the number, now all I have to do is set up a sig!

Oh! I didn't know you CAN transfer ISAs, I thought once they were set up they were set in stone, as it were, until you close it or it matures. I shall have to do some digging ... FAST digging, I assume these things take time to process and I think I'm almost out of time ..

Why don't you speak to your bank you have your current account with, sure they would do it for you or advise you. Assuming your current account is a nice safe one?

Nicki_Sue

Hi! I'm due to make my 1st DMP payment (yay!) on 1st October. When should I expect to receive my welcome pack etc. i know HSBC havent received anything from CCCS yet (or at least one of the depts havent!). I was asked to send all my info, recent letters etc by 5th Sept and they should have received them by the fourth. I'll give it until the 15th then ring I think, when did other people receive theirs?

Althea

rayday2 wrote: »

Why don't you speak to your bank you have your current account with, sure they would do it for you or advise you. Assuming your current account is a nice safe one?

Mmm Not yet, I've just opened an account with the Co-op ("just", as in, "I have the paperwork here on my desk at work to send back to them" ), my main bank is the dreaded Lloyds. Actually I'm really miffed at having to ditch my Lloyds account, I know people don't like them generally but I've been with them for over 23 years and on the whole, leaving aside the well-known fact that they're only in it to make money out of me!, they've been pretty good to me. Up until now, of course, when I'm about to tell them their loan, cc and overdraft are now going to be handled by CCCS/Payplan .. doubt they'll be so accommodating then!

However, having searched these wonderful fora/forums, it seems you just have to ask the new provider to do the transferring, so I'm doing just that!

jimpanzee

hello
opened a basic account with loyld tsb on saturday

got my dmp welcome letter through the post with the template letters etc

on the letter

u give a reason for why i have had to have a dmp

what do i put im a useless !!!!!! who got himself in a complete mess after his mum died ????????

andytwonames

Etherelda wrote: »

Thanks Rayday, and thanks to everyone for giving me the umph and courage to go and get my DMP started.

I've just logged into my various creditors accounts.

Strangely, Virgin credit card and my balance says 0.00, but a 'LST credit transfer'. This is either a transfer onto another card number (as I recently reordered a new card as I lost the previous one) or to a debt collection agency. If the later, that is really hasty as I haven't heard anything from them yet. All speculation. I should stop getting my knickers in a twist.

Tesco won't let me log in at all, and egg and hsbc still look normal. But none showing the token payments I made.

I know about Egg

As soon as I wrote to them, they sent a default notice, knocked interest and charges to 0 and ended the online account.

Any time you want, call them and ask for a balance. I do. I owe Egg the most of all the creditors and they have been the easiest to deal with.

They wrote querying some of the items on my expenditure list and I called them saying that nothing on the list could change.... all figures were as suggested by CCCS/NDL and that my gas/fuel bills were about to go up. They accepted my figures for a year - job done.

Shan't tell them about the pay rise I've just had.

newlywed

jimpanzee wrote: »

on the letter

u give a reason for why i have had to have a dmp

what do i put im a useless !!!!!! who got himself in a complete mess after his mum died ????????

I put "overstretched with credit". No-one questioned it.

Should probably have read bought too much "stuff", went on too many holidays and gigs and meals out, got married and OH had no work for a year so I was suddenly trying to support him, his kids and cover all bills whilst the creditors all helpfully increased the interest rate on my cards until I was stuffed