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Debt Management

I got into trouble just over 5 years ago when i borrowed some money for someone else - I went to Baines & Ernst but they were charging me £100 per month - so i decided to use the £100 i was paying them to get my debt down - i still owe around 20k after all this time is there anything i can do ? If i'd stayed with B&E my debt would be written off.:mad:

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    I got into trouble just over 5 years ago when i borrowed some money for someone else - I went to Baines & Ernst but they were charging me £100 per month - so i decided to use the £100 i was paying them to get my debt down - i still owe around 20k after all this time is there anything i can do ? If i'd stayed with B&E my debt would be written off.:mad:


    unlikely that your debt would have been written off.

    best to go over to the debt free wannabe board and post up your full financial details
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Interesting reading regarding Baines & Ernst in this post.

    http://forums.moneysavingexpert.com/showthread.html?t=725359

    It would appear you did the right thing going it alone and are much closer to becoming debt free through your own efforts.... good luck
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