DMP VS SELF

[j_d]

Has anyone got experiance of this that they can share are we better to try and talk to each creditor personnally or go DMP company through accuma.

Will this effect our IVP proposal in 3 - 6 months time

just recieved a credit card statement they have added 360 in interest and are asking for an immediate payment of 1066.36

Julie

[Adam Davies]

Hi
I think that given whats happened I would go throuh Accuma and let them organise it for you.You have to have alot of corrospondence with creditors to get them to agree so best to leave it to someone else.
However Hitman,who has posted before,organised their own DMP directly with creditors and may be able to advise.
Good luck

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

[iva_squirrel]

Hello Julie,


A debt management plan is designed to help you make affordable and sustainable repayments each month to your creditors.

But trying to get all your creditors to agree to reduced payments can be hard work.

If you arrange your dmp through a company they will:
1. Go through your finances with you
2. Prepare a Financial Statement and Budget
3. Agree an affordable monthly payment with you
4. Negotiate with your creditors

Kind regards,


Julia




For more information about IVAs, please visit my website:
www.supersonicsquirrel.net

[Sopty]

I tried to deal with my creditors personally, the problem I found was some of the smaller ones where happy to talk, but my 2 largest creditors (LloydsTSB and Egg) where not interested. In fact Egg refused even to discuss it, but they agreed my IVA!

Cheers, Mark.

IVA accepted, so 60 months to go!!

My one bit of advice, if I can do it, so can you!

View my IVA story blog at: http://sopty.blogs.iva.co.uk