debt managment plan - debt's escalating!!

Wildthing

I started my debt management plan with CCCS in March of this year so have been on it 3 months now. However I am still getting hounded by my creditors although I won't talk to them. I am still having interest and late payment fees added to my statements each month as CCCS don't pay out til around 25th of each month. I have informed my creditors of this and they know I am on the plan but continue to hound me and add further interest. I currently owe more that what I did 3 months ago when I started the pland because of all these charges and this scares me becasue I can't see a way out! I spoke to CCCS who told me to just ignore the calls and said that initially there may be an increase but I will eventually start to see my debts falling. I owe in the region of £15,000 and am a single parent working full time and trying my hardest to get out of this mess. Some of my creditors would only sign up to the agreement for a 3 month period and now that my first 3 months are up they are ringing me constantly - at work, home and mobile (which I have blocked calls on!). Can anyone tell me if it does get better than this? :mad:

Lovella

Hi Wildthing, I know how you feel, I was in a similar situation almost two years ago. It does settle down I promise - sometimes it just feels like it's taking ages for all your creditors to behave themselves and accept your new payments, but they do eventually, and then it's a HUGE feeling of relief, I promise! I'm with Payplan, so I'm not sure if it's the same, but in the early days I simply sent all the correspondence I got chasing for money off to them in pre-paid envelopes and they dealt with everything for me. Stick with it - you're in the phase where you really have to hold your nerve, but it does get better.

newlywed

Yes it does get better - I'm one year into mine and hardly hear from them at all.

Who are your creditors?

Mint took 4 months to default me and then all interest and charges stopped.
GE Money took 3 months before they decided to stop interest.
You can write to them to ask them not to ring you - I think Rayday on the DMP support thread has a letter to ask them for this.

You could adapt this one maybe? http://forums.moneysavingexpert.com/showpost.html?p=10403389&postcount=1956