We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Just after debt advice
Options

bextas
Posts: 78 Forumite

Between myself and my partner we have just over £21k in debt. All very old debt where all interest has stopped. I have written to all my creditors and offered pro rata payments. We only have £130 to put towards our debts each month as I will be on maternity leave for a year. All our creditors have agreed to this so that's a great relief. Currently based on this being debt free will take us 13yrs!!! However after a year off work I will return part time and we can double our repayments this reduced the number of years it will take to a total of 7. We will also be putting a little away each month for emergencies and general savings. Some of the amounts we owe range from just £39 up to £5,700. Is pro rata payments the best way to go. I see the list of debts and part of me things ooh there are 3 on there I could clear this month from the £130 we set aside but that means not paying any of the others and as I have now agreed repayments that would be foolish.
None of these debts are CCJ's just all defaults just wondering how you guys manage your debts and if there is anything I can do to reduce the amounts quicker. We don't have anything to car boot or sell.
Thanks for any advice.
None of these debts are CCJ's just all defaults just wondering how you guys manage your debts and if there is anything I can do to reduce the amounts quicker. We don't have anything to car boot or sell.
Thanks for any advice.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards