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Too soon to offer F&F?
hedgehog26
Posts: 7 Forumite
I have been on a DMP with Payplan:A for 12months.
I now owe just under £10k which I've calculated should take me another 5 and a half years to pay off. Three out of my six creditors have defaulted me to my knowledge and I was wondering..
Would it be too early in my Dmp's career to offer F&F's?
A family member has offered to help clear my debts. I'm thankful but also happy plodding along with my DMP's managable payments and my newfound humble and prudent living style of being a debt free wannabee.
Only one of my creditors Barclaycard is charging me interest -therefor taking a big bite out of their repayment.:(
I was thinking of offering 30% to start with but may be able to stretch to 50%. I'm not sure if it's worth doing and upsetting the repayment applecart though as my credit score will be shot for another 6 years anyway.
Any advice would be appreciated.-Thanks.
I now owe just under £10k which I've calculated should take me another 5 and a half years to pay off. Three out of my six creditors have defaulted me to my knowledge and I was wondering..
Would it be too early in my Dmp's career to offer F&F's?
A family member has offered to help clear my debts. I'm thankful but also happy plodding along with my DMP's managable payments and my newfound humble and prudent living style of being a debt free wannabee.
Only one of my creditors Barclaycard is charging me interest -therefor taking a big bite out of their repayment.:(
I was thinking of offering 30% to start with but may be able to stretch to 50%. I'm not sure if it's worth doing and upsetting the repayment applecart though as my credit score will be shot for another 6 years anyway.
Any advice would be appreciated.-Thanks.
0
Comments
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Your credit score shouldn't be shot for another 6 years, only one default can be registered per debt.0
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