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Full and Final Advice Needed!!
JJM26
Posts: 19 Forumite
Hi, just joined yesterday & in need of advice. If this post is in the wrong place, apologies!
I have 3 debts at the moment, not massive in comparison to some, but ones I want sorted if possible.
Bit of background, since having these accounts I was made redundant. I now have a new job but it's almost 30% less basic & approx 45% less take home overall after bonus. Just want advice on each one as to whether a F&F offer is worthwhile.
1) Studio (catalogue) - £1700 - had the account approx 5 years now. I had an arrangement with them previously to pay less than minimum due to circumstances. I recently missed a payment & this month have a late letter wanting immediate payment or a default will be applied to my account.
2) Vanquis Creditcard - £3000 - I had an option to freeze my account when I was made redundant & it has been frozen now for 12 months due to my reduction in pay. I have option to freeze up to 24 months in total which I will be doing. As it stands they are getting no £ from me or charging any interest.
3) Capital One - £1250 - newest of the debts - approx 3 years. Over limit every month but never sent to DCA.
I am exploring my options as I have been informed I'm due £1500 PPI refund & would like to clear as much as possible.
Any advice greatly appreciated.
Thanks
I have 3 debts at the moment, not massive in comparison to some, but ones I want sorted if possible.
Bit of background, since having these accounts I was made redundant. I now have a new job but it's almost 30% less basic & approx 45% less take home overall after bonus. Just want advice on each one as to whether a F&F offer is worthwhile.
1) Studio (catalogue) - £1700 - had the account approx 5 years now. I had an arrangement with them previously to pay less than minimum due to circumstances. I recently missed a payment & this month have a late letter wanting immediate payment or a default will be applied to my account.
2) Vanquis Creditcard - £3000 - I had an option to freeze my account when I was made redundant & it has been frozen now for 12 months due to my reduction in pay. I have option to freeze up to 24 months in total which I will be doing. As it stands they are getting no £ from me or charging any interest.
3) Capital One - £1250 - newest of the debts - approx 3 years. Over limit every month but never sent to DCA.
I am exploring my options as I have been informed I'm due £1500 PPI refund & would like to clear as much as possible.
Any advice greatly appreciated.
Thanks
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