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Hi! Q about DMP and Bank of Scotland
karenk857
Posts: 18 Forumite
I haven't been on here for sooo long and am back with my tail between my legs for some advice from you helpful bunch!
Well, I've been on my DMP for about 18 months now and it's going pretty well. Money issues aren't narly so bad for us now, we have no rent or council tax arrears for the first time in a long time and on the whole, the majority of creditors have been sympathetic and our DMP is going down, slowly but surely. The only complaint I have is that the Bank of Scotland are STILL charging interest. They keep putting me on 3 month arrangements, where they charge reduced interest. I pay them £107 a month and the reduced interest is about £65, so it's never really going down very much. oes anyone have any experience with them? Do they ever stop charging?
Any advice would be most gratefully received, thanks in advance!
Well, I've been on my DMP for about 18 months now and it's going pretty well. Money issues aren't narly so bad for us now, we have no rent or council tax arrears for the first time in a long time and on the whole, the majority of creditors have been sympathetic and our DMP is going down, slowly but surely. The only complaint I have is that the Bank of Scotland are STILL charging interest. They keep putting me on 3 month arrangements, where they charge reduced interest. I pay them £107 a month and the reduced interest is about £65, so it's never really going down very much. oes anyone have any experience with them? Do they ever stop charging?
Any advice would be most gratefully received, thanks in advance!
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Comments
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Hi Karen, I have the same problem with Lloyds, but they at least do 6 month plans. I'm really hoping they pass my debt onto their collection agents soon!0
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Such a nuisance, isn't it? Feels like I've been waiting forever for the interest to stop and I just don't think it will
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