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Interest ?
Dolly_daydream
Posts: 15 Forumite
I'm making sure that 2017 is going to be the most frugal here ever as I have a debt of £12,000 that is being paid monthly. It will take approx 16 months to pay,although they are continuing to charge interest so that means will probably be 18 months.
I have read so much over the last few weeks but did read an article to say that if you are in a payment plan then interest stops.
I wouldn't be surprised if I read it wrong as to be honest the whole debt thing has rocked my world and I'm only now getting to grips with it.
Any help would be much appreciated
I have read so much over the last few weeks but did read an article to say that if you are in a payment plan then interest stops.
I wouldn't be surprised if I read it wrong as to be honest the whole debt thing has rocked my world and I'm only now getting to grips with it.
Any help would be much appreciated
0
Comments
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Interest doesn't just stop, they write to the creditors and ask them to freeze interest, late charges, etc but they don't have to. I had all but one agree to freeze them.Debt As Of 19/3/2021: £16,973 | Current Debt: £9,322 | 54.9% Repaid0
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Thanks for such a quick response. I will do that .0
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