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Overpaying while on DMP advice
nextyeartina
Posts: 756 Forumite
Hi.
I'm just after a bit of advice please. I'm on a DMP with Stepchange. At the end of each week I pay whatever I have left in my bank off my Very account. Very is included on my DMP and interest has been stopped. Could these extra payments trigger interest being charged again? I've paid off an extra £38 this month from a balance of £490.
T x
I'm just after a bit of advice please. I'm on a DMP with Stepchange. At the end of each week I pay whatever I have left in my bank off my Very account. Very is included on my DMP and interest has been stopped. Could these extra payments trigger interest being charged again? I've paid off an extra £38 this month from a balance of £490.
T x
The £1,000 emergency fund challenge #163 - £536.16/£1000
0
Comments
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nextyeartina wrote: »Hi.
I'm just after a bit of advice please. I'm on a DMP with Stepchange. At the end of each week I pay whatever I have left in my bank off my Very account. Very is included on my DMP and interest has been stopped. Could these extra payments trigger interest being charged again? I've paid off an extra £38 this month from a balance of £490.
T x
I don't think interest would accumulate as long as you're meeting your promised amounts0
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