DMP Mutual Support Thread (Part 4)

GhostHunter_3

rayday2 wrote: »

Sorry names and details are a bit of a blurr to me, are you currently making just token payments and were wanting to start a DMP properly?

Thanks MAZ

Hi Ray if you were answering my message then no I am not currently making token payments. I am managing somehow (no idea how tbh) to keep up repayments on everything but the credit cards. This means that the loans I have are being paid still by DD. However even if I cancelled these DD to the loans people I have been advised I would still be short each month, yet I cannot understand how. Need to look at it again to see if I can understand what they mean!

Thanks

GH

Emmey

Just to let you know (whoever is interested) - I've been on a DMP since last October 2007, and one unhelpful creditor was HFC bank for my marbles credit card - they whacked up my original interest from 16.9% to 24.9% and also have been charging me late fees every month, despite letters advising them I am on the DMP etc, seeking advice from CCCS - 10 months on, my latest statement is indicating that they are now charging no interest. So I guess the lesson has been learned to just keep going and stick with it.

rayday2

GhostHunter wrote: »

Thanks MAZ

Hi Ray if you were answering my message then no I am not currently making token payments. I am managing somehow (no idea how tbh) to keep up repayments on everything but the credit cards. This means that the loans I have are being paid still by DD. However even if I cancelled these DD to the loans people I have been advised I would still be short each month, yet I cannot understand how. Need to look at it again to see if I can understand what they mean!

Thanks

GH

Ok here is what I recommend go to the national debtline website on there they have a budget calculator, give that go. Include all your creditors, they have formulas for working out how much living costs for each person so try using them. They are in a "Dealing with your debts" guide which you can download or ask them to post you a copy.

See how that goes. If you need more help with it just shout a few of us use the national debtline and run our own stuff.

rayday2

Emmey wrote: »

Just to let you know (whoever is interested) - I've been on a DMP since last October 2007, and one unhelpful creditor was HFC bank for my marbles credit card - they whacked up my original interest from 16.9% to 24.9% and also have been charging me late fees every month, despite letters advising them I am on the DMP etc, seeking advice from CCCS - 10 months on, my latest statement is indicating that they are now charging no interest. So I guess the lesson has been learned to just keep going and stick with it.

Now you have had the interest stopped I would give it a go claiming some back they put on you have nothing to loose.

GhostHunter_3

Hi Ray

Thanks I will go have a look now.

I have just had a look at my figures again and I am confused as to why I am being told I have a deficit. Adding up the info from my SOA to include only the priority household bills (but not any repayments to loans or credit cards) I have a surplus of around £361.98, before food and other costs of course, but even so I dont see why I cant start a DMP?? Maybe I am not seeing it properly so I cold be mis-judging or not seeing it as I am getting too confused, emotional and stressed?

Thanks off to look at those calculators back in a while.

GhostHunter_3

Hi

Have just been round the National Debtline website. Their calculators tell me the same story and say their suggested shopping spend for a childless couple is just over £300 a month. Considering I have taken in guidelines by CCCS at max £295 (ours I dont really know what it totals to be honest as we live on what we have left week by week, some weeks theres more than others depends on how many DD are going out of bank account) we do often try to stockpile when theres BOGOF offers, after all a couple of days of 'free' meals is good as long as you have the space in the freezer & cupboard, we have a very compact kitchen so 1 food cupboard and an undercounter fridge and freezer!

If hubby doesnt like the meals I plan he will buy his own for that night and he also gets dog food and top up shops for staples like bread and milk. He eats mountains of bread sauce sarnies to fill himself up!

ilovegreatdanes

hi,
quik call.thanks for all your support guys.x
rayday.....you should have said you wanted a puppy...you could have mine, better known as devil dog 666!!!i dont know if im comin or goin!!!!
i chickened out of ringin cccs cos i thought id wait to see if they go for court.i wrote a letter this morn askin them to reconsider and said they would be better off accepting the dmp cos a ccj is the least of my worries and my payment would not get any higher with a ccj wheras it will increase, hopefully, on the dmp.i said the judge would prob look at my stuff and keep to the £5 im payin now so they would be worse off gfoin to court cos id end up owing more and they would never get their money.i said i was in poor health and they were makin it worse.also said bankruptcy had been mentioned as an option but i didnt want to as it wouldnt be fair to my creaditors, but if i did, they wouldnt get squat so it was up to them.i hoped they would reconsider as they could always have court as an option but they would be better off as we are......so appealin to their better nature(as if they have one.the original loan wouldnt have been paid back for another 4 years so i think they are just tryin to stress me.i mentioned all my other 12 creditors had been great.
cost me £1.08 for 1st class recorded,was disgusted as its only 38p for normal 1st class.
ill let you know.
love ilgd xx

rayday2

Good for you - fingers crossed its just one of those out the blue, lets shake this tree see if more apples fall letters!

I never thought I wanted a puppy remember I have Houdini the escaping dog (sorted that now!) but the girls best friends !!!!! had a litter and well yes Boris is now in resident. He is a stunner, yellow lab (but more ginger) but hes as good as gold, all house trained, very laid back hes restoring my faith in dogs again!

longforthesun

Well all paper work has been posted to CCCS. Was re reading one of the letters MBNA sent advising that a reduced payment programme will be recorded on your credit file for the life of the account and then for a further six years. Could someone explain as I was under the impression that once it was defaulted it would only be 6 years or is this just wishfull thinking on my part.

rayday2

You are correct it only stays on your credit file for 6 years. You cannot always rely on what you see in these lovely letters as being gospel, and sometimes if you read with an open mind you see the words "may, could, possibly" used an awful lot!