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Will these debts ever leave us???
sewbocushions
Posts: 43 Forumite
Hi,
We finally faced up to our debts last August and with the help of the CCCS have got arrangements to pay off the credit card and loans at £105 per month. Our debts are about £70-80,000 (not incl mortgage), so as you can imagine it seems as though it will take forever to pay it off. What I was wondering is - will we have to pay off every single penny or do you think that after a while of paying £5 per month off an £8,000 debt some of them will not bother and tell us to forget about it (wishful thinking I know!). And if this were to happen, would the CCCS tell us that or would we continue paying it to them? Someone on the bankruptcy page told me we'd have to pay off at least 50% before they'd consider closing an account. But when some of them are £14,000, at £12 a month I've got a long way to go. It is depressing. Sorry, I know I shouldn't moan, I spent the money etc etc but I can't see the light at the end of the tunnel at the moment and I can't think of anything else to sell on ebay!!!
Best wishes, Bo x
We finally faced up to our debts last August and with the help of the CCCS have got arrangements to pay off the credit card and loans at £105 per month. Our debts are about £70-80,000 (not incl mortgage), so as you can imagine it seems as though it will take forever to pay it off. What I was wondering is - will we have to pay off every single penny or do you think that after a while of paying £5 per month off an £8,000 debt some of them will not bother and tell us to forget about it (wishful thinking I know!). And if this were to happen, would the CCCS tell us that or would we continue paying it to them? Someone on the bankruptcy page told me we'd have to pay off at least 50% before they'd consider closing an account. But when some of them are £14,000, at £12 a month I've got a long way to go. It is depressing. Sorry, I know I shouldn't moan, I spent the money etc etc but I can't see the light at the end of the tunnel at the moment and I can't think of anything else to sell on ebay!!!
Best wishes, Bo x
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Comments
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I can't speak from personal experience, but I do know that my sister was offered settlement figures when she was in our position. I have also seen a few threads where other members have talked about settlement figures, but I think you have to be in a DMP for quite a while first. Good Luck.Official DFW Nerd Club - Member # 593 - Proud To Be Dealing With My Debts!0
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post up your soai will be debt free, i will0
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