Dilemma

Skint_Entrepreneur

I will soon be able to pay off two of my three creditors. Of the three (Lloyds, Marbles & A&L) A&L have been awkward uncooperative & rude. The other two have been helpful and allowed me a payment plan. A&L as far as I know are the only ones to have reported me to a credit reference agency. What do I do?
Pay off A&L because they're a pain?
Pay off A&L because I don't want to pay them any more interest than I have to?
Pay off the other two companies as their reward?
Tell A&L to go where the flames are hot?

If A&L showed some humility I might pay a piece of all three. What to do?

mrs_mug_2

I'd be inclined to get rid of A&L

CLAPTON

i would check my credit records with the CRAs

i would then do what was in my best financial interest i.e. to pay the least interst or whatever.

kuohu

Erm, what Clapton said! A decision based purely on financial reasons and not influenced by one of your creditors being a pain.

Broken_hearted

If it doesn't do more harm than good pay A&L last. they should treat people better.

james32_uk

This is the trouble. MBNA (A&L) know that people are more likely to pay off their debts first because they're such a pain. Therefore they go on being a pain!

You need to do what is right for you however which is pay off the A&L first.

cattie1

i agree with clapton-do whatever is best financially-possibily a&l as they are affecting your credit score more than the others. i hate a&l too, there customer service is appauling,and they have extortionate charges!!

tesuhoha

Pay off A& L and then write their Head Office a stinking letter of complaint.

all_hours

Pay off Lloyds & Marbles - get someone to take photos of you with the biggest cheesey grin you can manage handing over the cheques - then send the photos to A&L.

Seriously pay of A&L first - better for your financial record and removes most hassle from your life.

Dr.Shoe_2

The question is is will paying off A&L really help your credit score? My instinct tells me that it won't benefit you at all but I could be wrong.

If it were me I'd want to pay off the others first and then tell A&L what you've done.

The problem is is that this is actually unlawful as you should not give any of your creditors preference and you should pay a pro-rata to all of them. However, if it should come to it, a court would probably make allowances if you paid off the highest interest first.

QueenB.

As awful as they have been, sometimes it is better to put the emotions aside and do what is logical.

Pay the one with the highest interest and then spilt what is left between the other two.