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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

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

Johnz

Hi

What do you owe in total?

Dave Beech

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

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

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

Dave

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

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

Rich

I will take a look

Dave Beech

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