Quick question re: DMP

Shamed&Scared
Shamed&Scared Posts: 12 Forumite
in Debt free diaries
Hello

Just a quick question as I am at work. Following advice decided against even looking at a loan.


My question is, is it better for me to try and contact my creditors myself and speak to them regards payments and try and arrange a payment plan with them or is a DMP more appropriate as a debt advisor has more experience ?


Sorry if this is a dumb question

Comments

  • UncannyScot
    UncannyScot Posts: 2,070 Forumite
    First Anniversary First Post Photogenic
    Hi

    Not a dumb question at all. Some folks do self manage a DMP and others use the likes of StepChange to deal with their DMP.
    I suppose it may depend on how confident / able a person is in handling or dealing with creditors.

    If you haven't already done so I would seek FREE advice from the likes of StepChange or your local CAB Money advice team. There are other options available other than a DMP and they would help you to find and explore these options.
    Hope that helps and good luck.
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  • beanielou
    beanielou Posts: 90,177 Ambassador
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    Can only echo what UncannyScot says :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

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