We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

is the % always the same

Hi there,
i'm sure this is a very basic question for most of you but I was wondering if there is a set percentage of the debt say 25% paid back or is it worked out on the amount of debt and the amount you earn. Hope this makes sense. Jill :confused:

Comments

  • trudij
    trudij Posts: 1,905 Forumite
    Part of the Furniture Combo Breaker
    I think its worked out according to circumstances - the more you are able to pay back, the higher the % your creditors get. :)
    Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.