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Debt managment advice?!?!
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steph_x
Posts: 22 Forumite
Ok so thanks to RAS i contacted Debt help UK...
They offered to put me on a debt managment plan, based on the fact my circumstances have changed since taking out the loan. They would freeze the intrest on the loan (which should be 26%) and take off any charges that they have put on the account.
Current loan amout= £5714 (£700 arrears)
Monthly payments (for 60 months)= £151
So i would be paying them £75 monthly and not paying any interest and out of that they would reduce there fee to £10...
It seems like a good idea looking at it, i just dont want to make any more mistakes!! lol
What do you all think? Should i go for it?
xx
They offered to put me on a debt managment plan, based on the fact my circumstances have changed since taking out the loan. They would freeze the intrest on the loan (which should be 26%) and take off any charges that they have put on the account.
Current loan amout= £5714 (£700 arrears)
Monthly payments (for 60 months)= £151
So i would be paying them £75 monthly and not paying any interest and out of that they would reduce there fee to £10...
It seems like a good idea looking at it, i just dont want to make any more mistakes!! lol
What do you all think? Should i go for it?
xx
0
Comments
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No no no no no - why do you want to pay them at all???? Please use one of the FREE services available - see my sig - instead. Not only are they free, they usually also offer a MUCH better service
DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0 -
Oooh ok Ill contact them
Thanks 0
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