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Defaults / clearing debt

dannyfleetwood Posts: 118 Forumite

4 January 2013 at 2:14PM in Debt-free wannabe

I was on a DMP paying £111 per month towards my debts. I am now in a position where I am able to pay £500-£600 per month meaning debts will get paid off quickly.

I have about 5 defaults on my credit file. If I rang the bank direct rather than go through the DMP and paid them directly do you reckon they would squash the defaults??

In effect I would be paying more off than my original agreement was. Ie. lloyds loan agreement was £125 per month when I took the loan out but I am now willing to pay £160 for example.

TOTAL OUTSTANDING DEBTS CURRENT BALANCES: Allied International - £3359.61, Blair Oliver & Scott - £1394.65, Lloyds TSB - £211.22, Lloyds TSB - £3125.80, Wescot - £966.25
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.

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