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Starting self dmp

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  • Starting self dmp

    I have been reading a lot of the post on this forum for the last few days.
    I am in debts, I can not cope with my minimum payments any longer...
    I have stopped some payments in January.
    My debts are 11000,00
    Iíve done my calculation and I have £105 to pay all my debts per month. All my debts are unsecured: credit cards, overdraft, catalogs.
    I have sent letter with my income and expenses and offers to my creditors already (awaiting response) however I am worried that Iíve done it prematurely.
    None of my debts are default yet. Should I wait till there are marked as default before arranging payment plan?
    Who should I contact? Original creditor or debt collectors as 2 of my debts have been passed to them for collection but not sold? Any advice would be great as I feel less and less confident with my self managing?
    Tags: None

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