Behind with loan repayments

tjw77

Hi, please help

I have been on a DMP with CCCS since March 07. My biggest creditor is a loan with Nationwide. I have just had a letter from them stating that they will (finally) agree to accept my reduced monthly payments but the arrears will continue to accrue (the contractual monthly amount is £156 but I am paying £42). My outstanding loan balance is £7k and the current arrears are £2k. I am now really worried that my debt with Nationwide is going to completely spiral out of control - I am trying to squeeze more money to pay to them but the CCCS wont support this saying any extra I pay must be shared amongst all my creditors, but my main concern is with Nationwide as this is the biggest of my creditors and the one that can do the most damage to me financially in the long run. Even if I increase my payments to them to half of the contractual monthly amount I still wont be clearing the balance as the same amount will be going onto the arrears. I really don't know what to do about this - the CCCS are telling me not to be pressured but I don't want to see my debt double or treble. Plus (I know this is thick) but I don't know whether when I eventually clear the loan balance, will I then be liable to pay the arrears? (which at that point would be astronomical) or are the arrears just something that they provide to other credit agencies to let them know that I am behind with payments
Please any help or advice would be very gratefully received

CLAPTON

I'm afraid there is little you can do.

Basically they don't have to freeze interest although very often they do. Eventually they will probably sell the debt to a DCA and then the interest will usually stop.