DMP Question

[Kingeer]

Question about a DMP

it is mentioned in all literature that your creditors do not have to stop adding interest rate or late paymentcharges on your o/s debts.

However, it seems some are more reasonable than others.

Can anyone comment if they have had success under a DMP with the above with the following companies ?

Egg
Barclays
MBNA
M&S
Halifax

Have been warned that MBNA is unlikley, which worries as it my largest debt (15k CC).

Rich

[johnz]

I don't know about the others, but Egg were wonderful with me.

Johnz

[Beechy]

Hi

What do you owe in total?

Dave Beech

[Andrew Graveson]

Hi Rich,

We've enjoyed the support of all of these organisations when they've been presented with a fair proposal on behalf of a client doing their best to repay debt as quickly as they can.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[Kingeer]

i owe 47k, spread like this :

Egg CC - 11.5k
MBNA CC - 16k
Halifax CC - 6.5k
M&S CC - 1.9
Barclays Loan - 11k

Rich

[Beechy]

Thanks for the info.

With this level of debt DMP might not be the way forward

Few more questions.

Are you a home owner
What is the mortgage
Is it in joint names
Are the debts joint
are you and or you partner

Dave Beech

[Kingeer]

Dave

thanks for the reply. Have posted full and frank circumstances here :

www.iva.co.uk/forum/topic.asp?TOPIC_ID=8015

Rich

[Beechy]

I will take a look

Dave Beech

[Beechy]

I have had a look at the figures and there are options avaliable which are a bit long winded to go into here

Dave Beech