I'm new here, so bear with me.
My wife and I owe about £60k in unsecured debt, and are struggling.
We've made first contact with CCCS and are expecting to have a full chat in the next few weeks.
We believe that we can sort it out through a DMP, as we both earn good wages.
My questions are:
1 - Are CCCS good at what they do and are they trustworthy? Are Payplan any better? Is there another org I should consider? We are in Belfast, and so any companies which don't operate here are out of the question....
2 - Can a joint DMP happen for this amount of debt - trying to avoid IVA for various reasons I'm not going to bore you with
3 - Does this approach (DMP) work and do the creds eventually stop harassing us - we're up to date with everything at the moment but I've heard the creds go nuts after a DMP is introduced?
4 - Can I, after say 3 years of DMP, do an equity release on our home and clear whatever is left of the dmp?
5 - Does it feel like you are OK once the dmp is in place? I really want us to be able to sleep and not worry all the time...
I know this info is probably on here somewhere but the threads are so full I'd spend an age trawling for answers so I just thought I'd come straight out with it.
Thanks in advance.