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self dmp help needed
beingpositive
Posts: 31 Forumite
now up for review from one of my creditors but have had a bonus just wondering how to work out how much i would need to pay creditors
total creditors £36,000
bonus £3000
we owe £6639 to creditor that is now reviewing our dmp. how do i work out percentage of this bonus to this creditor. currently paying £81 per month to this creditor
Thanks in advance for any help offered
total creditors £36,000
bonus £3000
we owe £6639 to creditor that is now reviewing our dmp. how do i work out percentage of this bonus to this creditor. currently paying £81 per month to this creditor
Thanks in advance for any help offered
0
Comments
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You need to work out exactly how many creditors you have and what percentage of your total debt you owe them before you can work out what percentage of the bonus to pay them.
So you owe 18% of your total debt (£36000) to this creditor (the one you owe £6639 to) which means you should pay them 18% of your bonus or £540.
I think that's right, my maths isn't always amazing!
Savings target: £25000/£25000
:beer: :T
0
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