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Cpa?

MrsWinters
MrsWinters Posts: 61 Forumite
in Debt-free wannabe
If I use a month and half's wages, I can wipe our my debt completely. However, I know this would be a dicey thing to do even though I know I would be supported through this time.

As I went to pay off one of my loans, I read about the CPA. I'm not sure how this works. Would it be the best thing to cancel or shall I just go skint for a month?
If all else fails, buy a new pair of shoes.

Comments

  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary Combo Breaker First Post Name Dropper
    edited 29 December 2013 at 9:14PM
    CPA? Credit Protection Agency?

    Why are you, who appear to have had financial debt experiences, advertising the services of a firm that exists to check the creditworthiness of people for its members to loan money to? Do you plan to loan others money?

    The way to look after your finances is to spend no more than you can afford. There are no silver bullets.

    Unless of course you meant something else
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • MrsWinters
    MrsWinters Posts: 61 Forumite
    I didn't mean the people you meant, so calm down.

    I might have got it wrong. But on here too, they discuss where you can cancel the payments to the loan companies. That's what I meant.
    If all else fails, buy a new pair of shoes.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary Combo Breaker First Post Name Dropper
    MrsWinters wrote: »
    I didn't mean the people you meant, so calm down.

    I might have got it wrong. But on here too, they discuss where you can cancel the payments to the loan companies. That's what I meant.

    I see. Well maybe you will get a better answer when you explain what you mean.:cool:
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary Combo Breaker First Post Name Dropper
    http://moneyaware.co.uk/2012/07/how-to-cancel-a-continuous-payment-authority-cpa-on-a-payday-loan/

    Is this what you meant? Continuous Payment Authority
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • MrsWinters
    MrsWinters Posts: 61 Forumite
    Yep. That's the one
    If all else fails, buy a new pair of shoes.
This discussion has been closed.
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