once a default notice is issued, does this mean that no further interest can be added? I've heard scare stories about lenders freezing interest for a year whilst in a dmp and then adding it all back on so you actually owe more than you did when you defaulted. Is there any truth in this? Also, is it ...

I'm in the process of setting up a DMP with Payplan and am finding them very professional so far. I think it's the largest DMP company around so I don't expect the personal touch, but I have 2 named contacts who seem to be easily contactable. What is really scary is the creditors who have passed me ...

Hi all and thanks for the replies, I owe more than 110k to 20 creditors in total so I don't think the DMP would be an option from what I've read but I could be mistaken. My partner also has 5k of debt to one of the same creditors. We currently have a household income of over 3k but the payrise isn't...

hi, i'm in a lot of debt and trying to decide whether or not to try for an IVA. I think I can just about get enough surplus income to offer a 25% return to the creditors. The trouble is, it would be a real squeeze and I don't think I could last the full 5 years on such a tight budget. The light at t...