also when you are giving teh reason why you are entering into the dmp, what is suggested - I don't want to sound like i'm too incompetent, eventhough to get to this stage I must be!
all i do is send a proforma to the creditors saying that CCCS are on the case and that they should talk to CCCS not me, they hopefuly should do the rest
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Good morning all, I am currently 'form filling' for a DMP,I am as curious as skint of leek, what reasons can you give for getting into debt? I must admit I haven't really thought of why I did it, it sort of crept up on us over aperiod of years.
Any advice, please.
Just answer the questions honestly - try and remember what each source of credit was taken out for - and if it was to supplement a low income, or used for household and general expenditure then this is an acceptable reason to declare.
Creditors are more interested in how much you can pay them going forward, than how you have got to the situation you are in now.
Thanks Melanie, I will be as honest as I can, looking back though, I can't believe how easy it was to do it, it was a combination of our own negligence and the easy availability of cash, with the option for more if you wanted it, crazy.
In fact. it is so crazy that my wife, whose main creditor is Lloyds TSB, has just received a letter telling her she csn have a guaranteed loan of £28k if she wants, guess where from, yes, Lloyds TSB
On our forms, we put down that we had used the money for cars, holidays, stuff for the home, consolidation. We just told the truth.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
ricbro wrote:
In fact. it is so crazy that my wife, whose main creditor is Lloyds TSB, has just received a letter telling her she csn have a guaranteed loan of £28k if she wants, guess where from, yes, Lloyds TSB
Tsb did theis to us also,we consolidated with them,paying off several credit card,then about 6 months later they increased the spending on our platinum cards again and 18 months later we were back to square one,but we also had the loan to pay off. When we went in for help advice,they offered us another loan!!! Thats when we walked out of the bank and went over the road into the citizens advice bureau. I always liked TSB as a bank,but feel they in some way didnt help my cause by careless lending. The woman in the bank did say they should have cancelled our credit cards the 1st time we consolidated!!!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
My regrets have always been that I never cut up my credit cards myself after consolidating. Always kept them for an 'emergency'. It's amazing how many things suddenly turn out to be 'emergencies'!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
