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DMP and paying it off -Help

Hi there I hope someone can give me advice.  I currently owe 40k on my dmp which I have been paying for over 12 years. It started off at 80k 
I .hopefully in a position now due to a private pension, to pay it all.off shortly,  but does anyone have any experience in getting the credit card companies to accept half the amount owed or similar as I have always had letters saying if I can afford this much, u can save x amount .I am hoping they will as I don't have a massive amount to come 

Comments

  • savingholmes
    savingholmes Posts: 28,997 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    HI Claudia - well done for posting. Lots of people on here have succeeded in making offers and counter offers - some as low as 10-20%. I am sure someone will be along soon.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • claudia123
    claudia123 Posts: 33 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Great thanks for that and hopefully someone will have the experience 
  • peb
    peb Posts: 1,970 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you have a look on the main debt free wannabe forum you'll find tips - how low to go in at etc.  Good luck with it.
  • claudia123
    claudia123 Posts: 33 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thank you 
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