DMP F&F advice please

Legacy_user

Hi everyone

You might remember I've been trying to get myself out of this pickle: https://forums.moneysavingexpert.com/discussion/4626495

So my Mum has offered to lend me £1000 to try and help. I currently owe about £4k on 4 different credit cards, have a DMP, and have only made token payments the last few months while I try and sort myself out.

Could this money be enough to make full and final offers to each of them, do you guys think?

Thanks all.

DS4215

It is enough to make F&F offers, but it might not be enough that they accept. I would actually start even lower than the £1,000 (~25%) you have available and start at 20%. Tell them know it is from a 3rd party and a one time only offer. You might get lucky...

System

Thanks DS

I'll give that a try

System

Hi everyone.

I made a F&F offer to Barclaycard of 40% but they are saying they won't accept anything below 90, which is very disappointing. They have also charged me full interest on my account since I started with Payplan, which I understand is their right but none of the other companies have done this. I feel I will never get out of this.

Really losing the plot this week