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Need some advice please.
I recently spoke to a debt company who have arranged to send out a DRO pack to me so I can sort out my debts.
I explained that this month I wouldn't be able to afford the repayments and they suggested I speak to the creditors. I did this but the creditors have said they wont accept not receiving money until the DRO is in place. Can I cancel my direct debits now as I cant pay or wait until DRO?
I explained that this month I wouldn't be able to afford the repayments and they suggested I speak to the creditors. I did this but the creditors have said they wont accept not receiving money until the DRO is in place. Can I cancel my direct debits now as I cant pay or wait until DRO?
0
Comments
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probably best not to pay anyone you owe money to, unless all equal token amounts. you do not want to be seen as being more favourable to one lender than another0
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I did this but the creditors have said they wont accept not receiving money until the DRO is in place. Can I cancel my direct debits now as I cant pay or wait until DRO?
The don't really have a choice - cancel everything at your bank, let them know you have and say you intend to make manual £1 payments to all until you have finalized the DRO.
Keep the money you would of paid them aside.0 -
I wouldn't even pay them a quid.
Don't see the point.0
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