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Token payments - how do you pay yours?

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Comments

  • skylight
    skylight Posts: 10,716 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Home Insurance Hacker!
    I would recommend either cheque usually or only ever standing order.

    I would never pay by debit card - once the DCA took £50 rather than £5 and it took ages to get it back. I would never pay by direct debit as again there is no control.

    I would only ever pay by standing order - I can amend them online as I see fit etc and I am in total control of my payments.

    Simply call the DCA concerned and ask for their banking details and confirm your reference number.
  • mummytofour
    mummytofour Posts: 2,636 Forumite
    I would NEVER EVER give my card details over to somebody I owed money to in this kind of situation as I have heard many cases when the following month more money was take from the card via a continues payment (like a dd).
    I took a risk and selotaped £1 coins to the letters I sent.
    Debt free and plan on staying that way!!!!
  • Violet1
    Violet1 Posts: 27 Forumite
    Thanks :)

    Mummytofour, I have to ask - what is it that your dh is trying to become?! I am attempting to work out what 'MR' stands for! ;):D
    Finally learning to deal with problems rather than ignoring them - this is a BIG deal for me! :o
    Current debt £4,000
    Making token payments only due to low income - but I'm working on it!!!
  • CCCS_Matthew
    CCCS_Matthew Posts: 922 Organisation Representative
    Part of the Furniture Combo Breaker
    Hi there,

    If you have a bank account, I would always suggest paying via a standing order. The benefits of paying via a SO are that you can guarantee the money will reach the creditor (as long as you have the money in your account), you also have a paper trail with bank statements to prove you've been making payments. Finally, it doesn't cost anything on top of the actual payment, and you don't have to physically do anything on an ongoing basis once it's setup.

    Regards, CCCS
    I am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.

    CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
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