We’d like to remind Forumites to please avoid political debate on the Forum.
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!
Am I being over optimistic?
geek83
Posts: 56 Forumite
Today I halved a debt with a F&F amount...and I'm awaiting to hear back on another tomorrow morning.
Is it unrealistic to expect that all my creditors will do this?
I just worked out that if I can do this with all of them and with my disposable income of £700 then I could be debt free in 6 months.
Is it unrealistic to expect that all my creditors will do this?
I just worked out that if I can do this with all of them and with my disposable income of £700 then I could be debt free in 6 months.
Lightbulb moment - 02 Sep 2016 - £51k in debt
0
Comments
-
anyone? hahaLightbulb moment - 02 Sep 2016 - £51k in debt0
-
If all your debts are with DCAs (rather than the original creditors) then you have a good chance of settling them - but most DCAs still hold out for 60-70%0
-
Great, thank you. I have managed a 50% and 60% settlement figure now, which isn't to be sniffed at!
Lightbulb moment - 02 Sep 2016 - £51k in debt0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards