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Asking credit cards to freeze or reduce interest
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Thanks for your feedback both.
One other thing one debt company has suggested an IVA as opposed to a DMP. Do you have any opinions on this?0 -
Thrugelmir said:EssexHebridean said:Halifax are delighted to offer you a consolidation loan because they are fully aware that the vast majority of people who consolidate end up in more debt.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
midlands13790 said:Thanks for your feedback both.
One other thing one debt company has suggested an IVA as opposed to a DMP. Do you have any opinions on this?If you go down to the woods today you better not go alone.1 -
Grumpelstiltskin said:midlands13790 said:Thanks for your feedback both.
One other thing one debt company has suggested an IVA as opposed to a DMP. Do you have any opinions on this?0 -
Look don't even think of touching any company who will make money from you with a 50 foot barge pole.If you go down to the woods today you better not go alone.0
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If an IVA was right for you then StepChange would have recommended it or at least suggested you look into it. NEVER take debt advice from someone whose primary interest is in making a profit out of you - it's unlikely to be unbiased.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Thank you both.
So if I go ahead with DMP I still have some CC payments due this month should I stop them now? Then loan and CC payments which have already been taken for this month stop them before next month? Any tips on how to deal with the inevitable phone calls etc which will come. Do I need to send any letters to creditors? Is it worth making any kind of token payments? And finally should I wait for all accounts to default before processing DMP or just set a 6 month window?0 -
So are you going to do your DMP through Stepchange?
The general advice is not to rush into the DMP, others will be along with more advice for you.If you go down to the woods today you better not go alone.0 -
EssexHebridean said:Thrugelmir said:EssexHebridean said:Halifax are delighted to offer you a consolidation loan because they are fully aware that the vast majority of people who consolidate end up in more debt.0
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Grumpelstiltskin said:So are you going to do your DMP through Stepchange?
The general advice is not to rush into the DMP, others will be along with more advice for you.0
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