We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Full and final settlements advice please

stickman · 2011-02-05 12:28:11

Hi All, Ok, currently on DMP (CCCS) paying £530 pmth on 48k of debt to various creditors most of which are with DCA's. What is the position in trying to get full and final settlements and what generally (ball park figure) is the pence in the pound they ask for. Thinking that if p in pound is not too bad then the old man…

Comments

lvm Posts: 1,544 Forumite

5 February 2011 at 5:29PM

I'd be very surprised in your situation if you were accepted for a loan. If you would be accepted and could get very reduced % on your current debts then you'd be laughing. However, isn't there some sort of clause in debt management plans that say you're not allowed to take any more credit agreements?

0