Paying off debts early - within a CCCS payment plan

peteuk

Over the last two months we have been able to pay off two of our debts early. One was because the amount was £20 - and they then accepted a payment of £14, the second was because I asked Capital One to refund my chargers (which totally wiped out my balance).

When I told CCCS they we shocked that I could afford to pay £200 off my Capital One account (although understood after I had informed them how) and were a bit "you not ment to make extra payments" with the other.

I am looking at using my child tax payment to speed up paying off some of the others. Is this a wise thing to do? As I see it if I can budget the family on our wagers alone, which wont be easy, we can at least use the payments of child tax and benefit to pay off some debts.

My wife thinks its cheeky to phone up and offer an amount, but I think its acceptable. Say we owe Next £320.00, to offer say £250 in my book is ok. Whats the worst they can do, say no......

Things are rocky at work, and I want to get a few things paid off just incase I lose my job. If that happens I will lose my house to.

Any advice would help.

immoral_angeluk

bump!!!!!!!!1

chevalier

I gather the usual form is if you have any extra money to offer it to CCCS for them to pro rata among your creditors. BUT if things are a bit dodgy at work, I would suggest saving the tax credits as an emergency fund and continue with your normal payment to CCCS. That way if things do go bad at work, you will have a bit of money to either tide you over til you get another job, or to fund your DMP whilst you look for another job.
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