DMP mutual support thread part 13 !!

sourcrates wrote: »

Ditch GP first, as there terms and conditions require you to pay them the lump sum of cash first upfront to begin negotiations with your creditors, they will of course take a further fee for this.

Get rid of them and do it yourself, be persistent, and theirs nothing you can’t achieve.
Sixteen years of fees must add up to a lot of money that could have reduced his debt, too late now in your case, but just a warning to others never to use a fee charging DMC.

I reckon about 7k in fee's. Is there a notice period? Like he has to give 28 days notice to come out of the agreement with them, or can he send them a letter saying that he is ending the agreement with them immediately?

I work in finance, but not this arena so I am so glad I asked before I acted. I have been trying to tell him to get rid of GP since we have been together but he is the type to stick his head in the sand. I calculated that by staying with him his agreement would run for 50 plus years, yet if he had done it himself he would be nearly repaid by now !!!!!!.

Also is there any specific wording we need to use to give notice to end the agreement?

Wife is thrilled today to recieve her PIP and NOT have to pay most of it to some CC - she is going to buy herself a small foldable mobility scooter for the car.
Im still trying to see the GP to change or adjust my meds. I guess I will have to tell them Im going to hurt myself. I'm not but they would have to see me then. Our surgery have a weird way of getting an appointment.
Feeling better but still tearful. I think its just stress but still need to review or change those meds

hi when a balance is marked as 'in arrears' in your credit score, will that stay there for 6 years? i know 'default' balances do but not too sure about in arrears. thanks a lot

Hi, I am even more confused now by my situation can anyone help! I have contacted my creditors who have not defaulted my account as from my understanding if I would have not paid my accounts they would have defaulted and have an impact on my credit file however mine are noted as in a DMP and this will affect my credit file for 6 years after I pay it off in full (2years) so would be in a worse situation than if I had defaulted.

I logged my complaint with Sainsbury and they have given me back some interest and £50 for the complaint and I have said they can default if I wish. I rang them and asked if they could default back to 2018 when my DMP and they said they cannot as I am not in arrears she said she can manually default now if I wish as this is a new thing that has come into place in the last few months. However she advised me not to, she said if I default now this will impact my credit file for 6 years whereas if I pay it in full in two years as I am it will completely drop off my file at that point and not have any further negative impact. She read some things out to me but I am not very good at all this. Is she correct can anyone help please I am soooo confused ?!

Thanks :(