Best way to pay CC's

costaerer

i owe about 3000 on credit cards to 5 different companies.

i am in the process of doing a dmp because i was made redundant and got behind on all the payments and all the credit cards are way over there limits. mainly because of charges. 2 days a go i sent letters to all the cc companies requesting statements of charges applied to my account.

before i found out about reclaiming charges i agreed on f&f with 4 out of 5 companies. basically it would reduce the debt from 3000 to 1600.

im in a predicament what to do now because i dont want to go ahead with the f&f settlements if im going to get lots of the charges credited to my account. i could just continue with the dmp. or i could pay some of my credit cards off to get them within their credit limits then continue paying minimum payments on my own.

i have about 2k. any advice as to what to do???

costaerer

oh,and also, i quite fancy trying to improve my horrific credit rating!!!

gfplux

As you are doing a SOA why not post it here. If you do that I am sure you will get lots of advise.
Good Luck

costaerer

i dont think that will make a difference. cccs have working out i have 93 pm to pay creditors.

that is my 5 cc =3000
loan for 5000
and 1000 overdraft.

im thinking to continue with dmp, and try and claim back all charges put on account. then when i recieve those (hopefully) i will pay the rest off.

i will forget the f&f for the time being...i think !?!?

costaerer

or i could pay off in full 3 credit cards and hope when they refund my charges they will send me a cheque,and at least that way i will have 3 debts off my back :-S