2. Stay on the ball.
Some debts are sold on to debt collection companies. This is a normal part of the debt collection process. All you need to do is let the collection company know you’re on a DMP, and then contact your DMP provider so they can update your plan.
3. Include all of your debts.
Make sure all of your debts are included in the DMP, even if you think you can manage that catalogue payment or want to keep your overdraft ‘for emergencies’. Sometimes you might have missed a debt from your plan, so be sure to let your DMP provider know about any changes as soon as possible.
By including all your debts you’ll be treating your creditors fairly so they’re more likely to support your DMP.
4.Accept that it takes time to settle down.
Time and consistency will usually work in your favour. Get used to making payments, commit to the DMP and you’ll find that in most cases contact from your creditors should reduce, as long as you have a realistic budget in place.
5.Keep in mind that things may change.
Your budget should always be realistic, so it’s important that you review it regularly. Unexpected costs do crop up sometimes, so just let your DMP provider know if this happens.
Considering a DMP?