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DMP and paying it off -Help
claudia123
Posts: 33 Forumite
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
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
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Comments
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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 £175.8K Equity 32.38%
2) £4.3K Net savings after CCs 13/5/25
3) Mortgage neutral by 06/30 (AVC £20.6K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 26.3/£127.5K target 20.63% updated 16/5
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.4K updated 16/50 -
Great thanks for that and hopefully someone will have the experience0
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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.1
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Thank you0
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