£100k

vanmanmate

thanks everyone, feel better already. working with cccs at present..
one card company was falling over itself to freeze interest and charges and divide ballance by 60 to repay over 5yrs. all i did was mention an IVA.

pure_dead_dopey

talk to CCCS first before you enter any individual agreements with creditors, the amounts may not tally if you enter a DMP and you are just giving yourself unnecessary hassle.

with that amount of debt, a five year timescale may be too fast for a DMP.
again if I were you I would look at UE before any final decisons
take care

vanmanmate

when you say only pay a token £1 to my cards this month, does that stop extra charges?
done the cccs and need to decide between DMP or IVA

[Deleted User]

vanmanmate wrote: »

when you say only pay a token £1 to my cards this month, does that stop extra charges?
done the cccs and need to decide between DMP or IVA

Don't make any decisions until you have spoken with the CCCS advisor, but do read up about these two options on both the CCCS webpage and here. You will be able to read peoples the experiences here of people who have done the above.

good luck

D9