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Whats the best thing to do with spare cash?
jimbob_3
Posts: 248 Forumite
Hi,
Im about £40k in debt and on a DMP.
I have about 12 creditors and at the moment all the loans are now interest free.
My DMP was set up at the start of this year, and is being reviewed at christmas - but through various ebay/ boot sales / cd sales i now have about an extra £50 per month.
I have being paying this mainly into one of the bank creditors but suddenly thought is it better to save it until i have a reasonable lump sum and then make an offer to one of the creditors (i owe less than £900 to a couple)?
Most of the debts have passed to third parties and their information is with my DMP company.
How do people think the DMP company would view it if i did this?
Thanks
J
Im about £40k in debt and on a DMP.
I have about 12 creditors and at the moment all the loans are now interest free.
My DMP was set up at the start of this year, and is being reviewed at christmas - but through various ebay/ boot sales / cd sales i now have about an extra £50 per month.
I have being paying this mainly into one of the bank creditors but suddenly thought is it better to save it until i have a reasonable lump sum and then make an offer to one of the creditors (i owe less than £900 to a couple)?
Most of the debts have passed to third parties and their information is with my DMP company.
How do people think the DMP company would view it if i did this?
Thanks
J
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