Dmp Stephange

[cat]

Hello everyone. Just wondering if anyone has a Dmp with Stepchange. Would like to hear your views..... im currently in debt with 3 payday loans and worried sick

[enaid]

Re: Dmp Stephange

Hi cat and welcome to Legal Beagles.
Have you informed the PDLs that you are struggling and tried to arrange an affordable plan with them?

[Guest]

Re: Dmp Stephange

Not dealt directly with Strepochange but have helped and dealt with Paypplan in a number of occasions. They proved to be very good, personally I prefer them to setting up your own DMP in the first instance because they send all the correspondence for you they will even help with your income and expenditure statement by way of a telephone interview. Then you can track your payments on line through a customized website and personal access. I found that even if you want to manage your own at a later date it helps get things started at least in the first instance.

usual procedure with payday loans is to stop any outgoing permissions for repeat authorities on your bank accounts, we used to advise that you changed your main bank to avoid them plundering your account, but nowadays with the new payment regulations being widely enforced you can tell your bank just to with-hold any further payments and they must comply.

I would give one of the free providers mentioned ring , usually they arrange for a member of staff to ring you back, payplan may give you a reference number. You can then contact your lenders and tell them that you are entering a DMP with the company, give them the number, ask them for an up-to date statement of account and they should give you a months grace in order to get things started(this is not a legal requirement, but it is an accepted practice).

Once you get the figures you can quibble about the charges etc, your councilor will(should ) help yoou with this. ensure that you get all your essential costs , rent council tax gas etc. even down to your haircuts and bus tickets, take a bit of time preparing before the DMP ring you and make sure you have everything to hand.