Payplan

[honeybunny]

Has anyone used payplan for a DMP? or could reccomend someone who does do it

[debbiw]

I am with Payplan, but for an IVA. They have been fantastic throughout, and are very discreet. I have nothing bad to say about this company.
How much debt do you have?

[honeybunny]

approx 130k i am such a sensible person I really do not know how I got myself into this mess. I imploded last night broke down & told my husband. He was obviously dissapointed & angry but very supportive and lots of hugs.I feel racked with guilt over what I have done to all our plans for the future

[insol]

we deal with payplan for both IVA's and DMP's in my opinion they and the CCCS are probably the only ones i would "recomend". i'm not a fan of DMC but as far as i'm aware Payplan do not charge for their services. if they do drop them and go with the CCCS who don't

[Chris30]

Hi, I went with payplan and I was on there DMP for a while before my IVA. I wasnt very happy with the DMP department at first but once my case got sent to the IVA department they were brill. Very fast and all sorted within weeks. Plus they didnt charge me anything up front and they dont charge you should your creditors meeting fail.

[Andrew Graveson]

Hi honeybunny,

Well done on sharing this with your husband; it must have been a difficult thing to have to do.

There are two types of DMP companies....

Payplan and CCCS will provide the DMP service to you without charge to you. They are paid by your creditors. There have been some questions and discussion on this site with regard to their impartiality as a result of this funding arrangement, and also because they impose strict expenditure guidelines. The fact that the service is not charged for however will result in debts being repaid quicker.

Fee-charging DMP companies (like ourselves) represent you in a DMP. It is our job to work with you to put forward a DMP arrangement to your creditors that is fair to your creditors and ensures that you are left with sufficient money to live on. The fact that fees are charged can result in the debts taking longer to clear.

A DMP is likely to be a long-term commitment so take as much advice as you can as to whether it's the right thing for you to do and please be sure that if you do enter a DMP it is set at a level that will be manageable for you in the long-term.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[debbiw]

honeybunny, how much can you pay into a dmp per month

[debbiw]

sorry honeybunny, forgot to say Well done for telling your husband. I hope thats a weight off your mind.

[honeybunny]

Yes it was I was a bit hyterical but after 48 hours of no sleep or food as well it was too be expected. I feel better as the day has gone on

Thanks for your support Deb it really is much appreciated

[MelanieGiles]

Could I just ask Insol whether he means that he would only recommend Payplan or CCCS for IVAs as well as DMPs - and if so, what is is about these firms that stand ahead of other firms that you regularly deal with?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[debbiw]

Thats what i am here for honeybunny. If you need a chat, just post, everyone on this forum is special, and i remember when i first found it, it was a lifesaver to me. Everyone will help you no matter what. Chin up x

[Endsmeet]

I entered into an IVA with Payplan a few months back and I can-not praise them enough.
They dealt with me/my debts in a professional and friendly manner and have since sorted out any problems with creditors contacting me etc.
They are always available either by email/phone for any queries that I may have.
They even got in touch with Lloyds TSB personally as they were phoning me a few times, not had a phone call since.
I cannot recommend them enough[:D]

'56 and counting as of 21st November 2007'

[e.h]

Hi Honeybunny

Just wanted to say to you well done for confronting your demons and telling your husband about your problems. It is true that a problem shared ...... You feel so much better once you "fess up", don't you? Just remember, you are not alone, everyone on this forum is superb. I think the majority of us who post are non-experts, but one way or another we are all travelling the same road. We might not be able to give you much expert advice but we can offer support and our experiences. I have found this forum and all who participate in it to be wonderfully supportive. You have done the hardest bit now by telling your husband and facing up to your problems, and you obviously have him on side.

Wishing you all the best and keep us all posted.

Regards

Liz
x

[Martin2011]

Good luck Honeybunny, you've done the hardest bit, recognising and acknowledging the problem - and in your case sharing the truth with your husband.....that must have been very dificult, but important, every bit of suport you can get the better, especially from those who care about you the most...

Best of luck getting the plan sorted....and try to lose the guilt, we've all felt/feel it from time to time, but I'm prepared to bet you didn't get where you are today on purpose. Right now is time to start feeling proud, you've taken the first steps on a responsible if tough at times road... Stay with the forum, great advice and support always available here...

Martin

[honeybunny]

Thank you all for your support it is greatly needed & appreciated

xx