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Admin order and silly question
sugaJen
Posts: 475 Forumite
I pay £100 a month (started March 28th) Ive just realised the last payment I made covered the court costs so its finally eating away at my debts :j
Here comes the silly question....its says on my order the debts will be paid pro rata?? What does that mean?? (I think it means they will start with the highest first-but that could be being even more "thick" lol)
Jen
TIA
Here comes the silly question....its says on my order the debts will be paid pro rata?? What does that mean?? (I think it means they will start with the highest first-but that could be being even more "thick" lol)
Jen
TIA
Good enough club member number 14
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Comments
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I'd expect it to mean that they will divide your payment between the creditors in proportion to the size of your debts. So if you owed £500, £300 and £200 to three different creditors, out of your £100 they would pay £50, £30 and £20 to the different creditors. I may be wrong though!0
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That makes more sense, why cant they just say that instead of confusing me with words like pro rata.....:oGood enough club member number 140
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