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Mortgage or other debts
Comments
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The F&F route is seriously worth trying, as if you up your payments to the DMP they won't be happy if it goes down, best that it stays the same.
Build up your buffer and try and knock them down to 20-40%. See if they accept. If not try another creditor. If that all fails, put your lump sum in either high savings or just pay off another chuck of the mortgage, whichever has the highest interest rate.Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies0 -
Thanks DarkConvict - something else I hadn't thought of, because mortgage rate is sure to go up again at some point
DMP mutual support thread member 3730 -
If your earning interest on debts in the DMP, it might be cheaper to pay them off, but if other creditors find out they might not take it kindly as your should give no preference.Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies0
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