Well where do I start.... I've been on a DMP before around 5 years ago and survived.
I was debt free after paying everything off with F&F settlements.
I’ve now been stupid and got myself into another situation and it’s taking over my life.
So I need some realistic advice of everyone in here….
I’m up to date on all of my debts at present and it’s leaving me with next to nothing each month and I work two jobs and earn good money, but with the stresses of live I have got myself into the same situation I found myself into 5 years ago.
I checked my credit file the other day and it’s showing as POOR even though I’m up to date with my payments.
I live in a council property so have no mortgage and all my debt is unsecured.
If I went onto a DMP and we all know we can move funds around on our expenses sheet which would mean I would be comfortable again and able to live my live stress free and pay back a minimal fee each month.
I have three options in my opinion and knowing what I know about DMP.
• I could keep paying the debts and struggle through each month not having much quality of life.
• I could go on to a DMP and live a comfortable lifestyle and put the debts to the back of my mind.
• Default on my debts for 2/3 months to get myself straight with a few £’s in savings then restart paying them again as usual.
I know I shouldn’t be so honest in here like I’m being but I had the money so want to pay It back but it’s just got out of control which is purely my fault.
But considering I’m paying the debts back my credit file isn’t great so It’s not like I can go out and get anymore which is a good thing, but in the future it could be what’s the point in struggling if my credit file is bad anyway…?
Advise please people…