help advice again please !!!

[j_d]

Hi All,
As most of you know me and my partner had an IVA proposal rejected back in March by one creditor (NR)we have since begun a DMP to see us through some time while we explore and try and come to a more acceptable offer for NR.

The DMP is set up and is working ok a few of our creditors have now sold on the debts and most of the companies are accepting our current offer and freezing interest also saying that so long as this is not breached no further action will be sought.

Although when we are contacted by these companies they are all pointing out that we are with a company that are making a monthly charge and at present are recieving £45 a month from our payment.

The companies are advising us to check out CCCS and PAYPLAN what does everyone think to this, advice here would be gratefully accepted.

Thanks
Julie

[Adam Davies]

Hi
If your DMP is ticking along then I would stay put.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[sonyse2t5]

Well,if your DMP company is levying £45 a month then why not have it all going to creditors.It will shorten the time to pay off the debt. Creditors are happy and they love CCCs and Payplan.

I personally don't not believe in paying for a DMP to be in place...the level of work isn't like an IP, so the monthy charge is for what purpose...setting up a direct debit???

Providing your creditors are happy - do call them and see what they say...go with the majority vote...your debt will end quicker.

There are many here who have gone with CCC or Payplan before the iVA and had NO problems....CCC returns 1.5 bilion to creditors at NOT COST TO YOU.

The British Banking code makes it clear that why pay for a DMP when you don't have to.

Do consider the change.