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Moorcroft 1% Balance
honkus
Posts: 11 Forumite
I'm due to start my self managed DMP on 1st December.
I got a letter today saying that Moorcroft can accept my offer of £6.00 p/m, but Newday want a payment of £6.30 p/m to 'avoid a default being registered with the Credit Reference Agencies'.
Is it better for me to pay the higher amount to avoid the default, or is it better for the default to be registered now to get the 6 year timescale started?
Thank you
I got a letter today saying that Moorcroft can accept my offer of £6.00 p/m, but Newday want a payment of £6.30 p/m to 'avoid a default being registered with the Credit Reference Agencies'.
Is it better for me to pay the higher amount to avoid the default, or is it better for the default to be registered now to get the 6 year timescale started?
Thank you
DMP start 1st December 2019
Debt £35,528
Debt £35,528
0
Comments
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Stick to the original offer and get the default - better in the long run.0
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