Is setting up a standing order for token payments a good idea?

ferry

I'm just about to send my creditor a temporary payment arrangement letter following advice from Stepchange.
Can I ask if setting up a SO to make regular token payments to my creditor a good idea?
Just worried if it could be 'tweaked' by the creditor to amend payment amounts?

I've just discovered that I no longer own a good old fashioned cheque book!

Thanks as usual

Kate_fixing_it

A standing order is controlled by you, a direct debit is the type of payment they can "tweak". In other words you order your bank to pay a standing amount (until you stop the instruction). The person you are paying requests a DD from your account (with your permission as per the signed DD mandate) they also request the amount.

A standing order is basically a paperless cheque. You can set it up in advance, you decide when it's paid and how much.

HTH
Kate x

ferry

Thank you Kate for the quick reply