Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • moto007
    • By moto007 13th Sep 17, 12:59 AM
    • 6Posts
    • 0Thanks
    Loan and best course of action
    • #1
    • 13th Sep 17, 12:59 AM
    Loan and best course of action 13th Sep 17 at 12:59 AM
    Currently I am living off of government benefit because of disability to work due to my medical condition. Currently I am recovering and benefits in helping me to meet my day to day need.
    Before my surgery I had some load (under 20,000) and I enrolled in to token plan with step change. Now I got letter from step change they cannot support the token plan as
    its more than 2 years, so now either I have to declare bankruptcy or debt management plan. Since my surplus is more than 49 pound step change ask me to enroll in to debt management plan.
    How can i go paying off the debt with bare minimum money that I get from benefit. What would be the right move in this case? Any suggestion is appreciated.
Page 1
    • forgotmyname
    • By forgotmyname 13th Sep 17, 1:29 AM
    • 26,405 Posts
    • 10,554 Thanks
    • #2
    • 13th Sep 17, 1:29 AM
    • #2
    • 13th Sep 17, 1:29 AM
    If you have a £49 surplus then you are not really on the bare minimum. There are threads on here where they are not paying anything towards a debt and are still sinking.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • Gambler101
    • By Gambler101 13th Sep 17, 7:58 AM
    • 528 Posts
    • 1,292 Thanks
    • #3
    • 13th Sep 17, 7:58 AM
    • #3
    • 13th Sep 17, 7:58 AM
    OP you cant be that skint you were enquiring about holidays last month lol
    The instructions on the box said 'Requires Windows 7 or better'. So I installed LINUX
    • fatbelly
    • By fatbelly 13th Sep 17, 9:05 AM
    • 11,779 Posts
    • 8,872 Thanks
    • #4
    • 13th Sep 17, 9:05 AM
    • #4
    • 13th Sep 17, 9:05 AM
    This is not a question for the loans board.

    Try posting on debt-free wannabee and check your spelling.

    A 30-year debt management plan does not sound sensible but we can go into detail over there
    • moto007
    • By moto007 13th Sep 17, 3:15 PM
    • 6 Posts
    • 0 Thanks
    • #5
    • 13th Sep 17, 3:15 PM
    • #5
    • 13th Sep 17, 3:15 PM
    Thank you @fatbelly I have moved the question to debt-free wannabee.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,715Posts Today

9,336Users online

Martin's Twitter
  • RT @richlaing: @MartinSLewis Obviously spot poll but interested in the fact that 9% would opt out of donation. Interested to hear reasons w?

  • This is perhaps the most ridiculous tool I've seen online, it values your name based on what a sample of 500,000 ea?

  • RT @RobiMous2: Yesterday I saved myself £30 a month by switching utilities and cancelling a sim no one in the family used anymore. Inspired?

  • Follow Martin