Moral Dilemma

splodge_99

Hi All

Bit of a lurker here I'm afraid, but would be interested in some feedback of my dilemma

Thanks to the CCCS and this board we've been working hard at reducing our debt and after a year and a half are well on our way (only 10 more years to go :rolleyes: ) However by being so good at being an MSE we are in the position to be able to increase our payments by approx. £150 per month :j

The dilema is should I put this against the debts withh CCCS (which are now the equivilent of interest free, bar the ones who dumped on interest when it went baps up :mad: )

................or put it towards over paying the mortgage and hopefully paying it off early same time as the debt

My morals say no cos CCCS have been so good and if it was direct to the blood suckers there would be no decision to make :rotfl:

Over to you, thanks :T

homersimpson_3

are you under a duty to notify cccs/creditors of any change in circumstances including your ability to repay more of debt? if so it is not a moral obligation but arguably a legal one.

luckylukey

I personally would put the money towards paying off your debt to clear it. It shows that you are really trying to clear your debts

spud30

Working Girl advised a while ago that CCCS dont like extra ad hoc payments.

They prefer you to save it up, until you have enough to clear a debt in full, then send the payment to them.

splodge_99

Homer - think you hit the nail on the head, just didn't want to hear it :rolleyes:

Lucky - the mortgage is my biggest debt does that count :rolleyes:

Spud - does that mean I could save additional (high interest account ) then pay extra at end of year

My thoughts are the way these people treated me (and reading here others too) they will get what they are due and not a penny more :mad:

..........and if coming on this board helps me make additional funds / savings then I should use that for my other debt ie the mortgage

Maybe I've just been on the Mortgage-Free Wannabe board to much :rotfl:

luckylukey

Umm , then I would say, if you are sure that they wont find out *ssshush*- put it towards the mortgage!

spud30

splodge_99 wrote:

Spud - does that mean I could save additional (high interest account ) then pay extra at end of year

Yep, that's what I've been told to do.

Wonder_Girl

spud30 wrote:

Working Girl advised a while ago that CCCS dont like extra ad hoc payments.

Wonder

say it with me now WONDER

WON DER!!!

Wonder_Girl

luckylukey wrote:

Umm , then I would say, if you are sure that they wont find out *ssshush*- put it towards the mortgage!

"they" have found out

splodge_99

It must be that red outfit :rotfl:

splodge_99

Wonder_Girl wrote:

"they" have found out

Dohh !!! should have followed Homers advise :rolleyes: