Payday Mess

Hax

It's better to make some payment rather than none at all - otherwise, it looks like you're avoiding the debt completely.

As for them continuing to add interest, regardless of you sending them a payment, they're likely to do that up until the point you get your agreement with them in place - so at least your interim payments will help to keep the total debt down a little.

As I said previously, be aware that in many cases, negotiations will not be entered into until the account is in default and even then, sometimes not until is has been passed to a DCA. This doesn't always happen - but you need to consider this.

As Jamesd said above: Just make the payments you can afford and keep supplying them with you offer letter with each payment.

paddyrg

On the other hand, £20/month for Sky may come across a bit soft when there is perfectly decent free TV. And I would personally want to apply that £240/yr against loans at four-figure interest rates - it will probably save you a huge amount in future interest! When I was in a slightly similar (but much less drastic) position my princess and I bought a sack of potatoes and went into hyper-frugal mode, dumping the car, etc. Since then I have only ever earned (admittedly pitiful) interest, not paid it, and we are no longer on a tatties and kwiksave diet!