- Wed May 23, 2012 3:01 pm
I did my own DMP for 5 years.
I liked it because it meant that I was in control of the payments(when they got paid, how much they got paid etc).
It also meant that I could "skip" payments whenever I chose although I always let them know the reason why they weren't getting paid that month(usually Bullsh*t). I once wrote to my creditors in December telling them they weren't getting paid that month because I was going to celebrate Christmas like everyone else. They weren't pleased, but there was little they could do, as I was in control(I couldn't see Payplan doing that).
I paid them over the internet using my bank's "Bill Payment" system, again so I was in control.
I think you would be wise to do your own DMP. You'll be surprised how easy it is to do, once you get the hang of it.
My bank manager once said to me " You live like a king on paupers wages - how come" ? When my debts reached £70k, I knew the answer.