We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt managment advice?!?!

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
-
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 serviceDFW 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 598K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards