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Question About Making Payments
MarneyMB
Posts: 146 Forumite
I'm in the process of setting up a token payment plan with my creditors. I have to pay them all £1 before it is formally set up. How do I make this payment? Do I send them a cheque or a £1 coin or what? Sorry if this is a silly question, but I really have no idea what to do!
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Comments
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Hi
It’s up to you really, although it’s not a good idea to send an actual £1 coin in the post. You could ask the creditor for their bank payment details and set up a standing order, send a cheque or ask them for a paying-in book. I think some creditors allow you to make payments via their website too.
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Thanks for your reply James. The TPP is being managed by StepChange, so they will be making the payment, but I have payments due before it will be up and running, so it will just be a one off. I think I may just send them cheques, though I was a bit worried they wouldn't appreciate being sent a cheque for £1!National_Debtline wrote: »Hi
It’s up to you really, although it’s not a good idea to send an actual £1 coin in the post. You could ask the creditor for their bank payment details and set up a standing order, send a cheque or ask them for a paying-in book.
James
@natdebtline0 -
A cheque is a valid form of payment so if that’s easiest for you they can’t really argue.
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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