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  • FIRST POST
    • Fiona CW
    • By Fiona CW 18th May 19, 9:26 AM
    • 73Posts
    • 41Thanks
    Fiona CW
    Changing to self managed DMP
    • #1
    • 18th May 19, 9:26 AM
    Changing to self managed DMP 18th May 19 at 9:26 AM
    I started my DMP with Step Change in August but after reading lots of stuff on here and looking at NEDCAB site I am thinking of changing to self managed. Looking at my outstanding balances, one of my PDLs is sitting at 6.54 and one is 12.46. The other debts are all hundreds or thousands (total ~ 7k) Is it ok to pay off the 2 small debts and then start SM DMP for the rest?
Page 1
    • Willing2Learn
    • By Willing2Learn 18th May 19, 9:51 AM
    • 2,934 Posts
    • 2,471 Thanks
    Willing2Learn
    • #2
    • 18th May 19, 9:51 AM
    • #2
    • 18th May 19, 9:51 AM
    Yeah - Of course it is okay to pay of the wee debts first. Even though they are only for small amounts, it represents progress on your DMP journey.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Fiona CW
    • By Fiona CW 18th May 19, 10:00 AM
    • 73 Posts
    • 41 Thanks
    Fiona CW
    • #3
    • 18th May 19, 10:00 AM
    • #3
    • 18th May 19, 10:00 AM
    Thankyou :-)
    • Willing2Learn
    • By Willing2Learn 18th May 19, 10:04 AM
    • 2,934 Posts
    • 2,471 Thanks
    Willing2Learn
    • #4
    • 18th May 19, 10:04 AM
    • #4
    • 18th May 19, 10:04 AM
    I forgot to mention. Have a Google of Dave Ramsey and his baby steps process to eradicating debt. You will be doing the first two 'baby steps' when you pay off the smallest debts. It is the start of a snowball that starts gathering momentum the more you pay off.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Fiona CW
    • By Fiona CW 18th May 19, 10:46 AM
    • 73 Posts
    • 41 Thanks
    Fiona CW
    • #5
    • 18th May 19, 10:46 AM
    • #5
    • 18th May 19, 10:46 AM
    Do you know how much notice I need to give Step Change? I can't find that anywhere?
    • Willing2Learn
    • By Willing2Learn 18th May 19, 12:50 PM
    • 2,934 Posts
    • 2,471 Thanks
    Willing2Learn
    • #6
    • 18th May 19, 12:50 PM
    • #6
    • 18th May 19, 12:50 PM
    I don't *think* that you are required to give them any notice. However, it would be polite to give them a call and to give them say 7-10 days notice if they require it.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

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