Posted: Sat Apr 19, 2008 4:04 pm
I am in a DMP with CCCS and I have told them I won't be making a payment for May because I am going through with applying for an IVA. I have had very little contact from our creditors, apart from Citibank, since setting up the DMP in December.
But, because our biggest cr is Northern Rock, our IP (Melanie) is doing a mini-proposal to them to see how they will vote and what they will do with the £25k unsecured element on our "Together" mortgage. We will therefore have an understanding of how to put forward the proposal. It takes NR about a month to reply, so I'm guessing I cannot realistically envisage our cr meeting taking place until at least June.
I just wanted to know if I am doing the right think in not paying into the DMP? I want to save the DMP payments for my first IVA instalment but I am worried that if NR put the stoppers on the IVA and it doesn't go ahead I will be back to square one with the DMP (and a load of irrate creditors that won't accept our DMP offers). Do I make one last payment to our DMP just to keep them off our backs for another month? Our DMP is £385pcm.
But, because our biggest cr is Northern Rock, our IP (Melanie) is doing a mini-proposal to them to see how they will vote and what they will do with the £25k unsecured element on our "Together" mortgage. We will therefore have an understanding of how to put forward the proposal. It takes NR about a month to reply, so I'm guessing I cannot realistically envisage our cr meeting taking place until at least June.
I just wanted to know if I am doing the right think in not paying into the DMP? I want to save the DMP payments for my first IVA instalment but I am worried that if NR put the stoppers on the IVA and it doesn't go ahead I will be back to square one with the DMP (and a load of irrate creditors that won't accept our DMP offers). Do I make one last payment to our DMP just to keep them off our backs for another month? Our DMP is £385pcm.