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Token payments...is it really ok ?

rae2820 · 2018-07-22 06:35:35

Hi everyone , i've read through a lot of the amazing help on this forum as I will be looking to start a DMP :o I could afford to pay more than £1 per month for each although I do need to set up an emergency fund....How long can I safely make TP's for ...2 months...3 months ... longer ..? :eek:

Comments

January2015 Posts: 2,369 Forumite

24 July 2018 at 6:10PM

rae2820 wrote: »

Thank you That LBM is I'm hoping a good thing...shame it was a slight flicker for so long !!! ...will need that emergency fund even more so as had a speeding ticket and a sizeable vets bill today ! I just hope I can hold the nerve to make token payments for 3 months...at least !:o

Make token payments for as long as you need to build a decent emergency fund. As long as you keep in contact with your creditors you should be okay.

DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j
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