5 things to avoid on your DMP
1. Don’t panic!
The majority of concerns can be resolved by keeping up to date with changes and by staying in contact with your DMP provider.
2. Don’t make extra payments to your creditors on top of your DMP payment
This could suggest to your creditors that you’ve got extra money to pay towards your debts, or that your budget is inaccurate.
If a creditor is pressuring you to pay additional money outside of your DMP, this could be unfair practice, and you should make a complaint against them.
If you can afford to pay extra, let your DMP provider know so they can review your budget and monthly DMP payment.
3. Please don’t struggle on if you feel things aren’t right.
If you’re struggling or are worried, please contact your provider. It may be that your budget needs reviewing to make things easier to deal with.
4. Resist searching the web for answers to questions.
When you’re already anxious about something, you need tailored advice. Your DMP provider knows your situation and will be able to provide this for you.
5. Don’t prioritise your DMP payment over your important bills.
This might not come naturally, but don’t pay your DMP payment before your household bills and living costs – always pay priority debts first. If your quality of life is suffering or you’re falling behind with bills, your DMP isn’t doing its job properly. Your DMP provider’s priority is to make sure your DMP is a realistic and beneficial debt solution for you. Staying on top of your household bills is a very important part of this.