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Paying creditors directly
dannyfleetwood
Posts: 118 Forumite
Currently on DMP paying £110 per month between 5 creditors. I am in a position to pay £500 per month from February. Can i come out of the DMP and offer to pay creditors directly??
If they accept my proposal will they start adding interest again or still be frozen??
If they accept my proposal will they start adding interest again or still be frozen??
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.
ESTIMATED CCCS DEBT FREE DATE: April 2019. I aim to be debt-free by 2014 at the latest.
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Comments
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i found that when my payments increased 2 of them re started the interest one at a higher rate than what i was paying ( barclaycard)0
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This is what I am worried about
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.0 -
are you doing the DMP on your own or via a company. I know the people who advised me said that if I ever had any more money to spare (or a lump sum at any point) was to let them know how much and they could approach some of the creditors to see if they would do a reduced full and final settlement, so it may be an idea to same some of your extra say over four months and you've got £2,000 to offer. Just my thoughts. Good luck KxChallenges £2013 in 2013 £142.26/£2013 ** £365 in 365 Days £7/£365 ** SPC6 1963 ** Swag Bucks 1,673 & £50 AGC (Feb 10k challenge 165/10000) Inbox Pounds £3.27 ** Point Shop 774 + £30 AGC0
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I am with CCCS. I might save the money like you suggested and offer them a settlement after 4 months. Wonder if i could go down the "f&f settlement / default removal" route?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.0
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