Debt managment advice?!?!

steph_x

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

MrsTinks

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

steph_x

Oooh ok Ill contact them Thanks