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What APR can i expect to pay with a debt recovery agency?
rassklass
Posts: 1 Newbie
Hi everyone,
I currently have a loan with welcome finance which is 55% APR and a credit card with mint that is now 30% APR. I am behind on both of them and have impending default notices if i fail to make the next payments.
I just wondered if letting a debt recovery agency could actually be a blessing in disguise? Granted this will have a very negative effect on my credit rating but my rating is that poor anyway that this does not bother me!
Basically if I let a recovery agency deal with my debt will the interest that they charge be lower than what I am currently paying?
Thanks to all
I currently have a loan with welcome finance which is 55% APR and a credit card with mint that is now 30% APR. I am behind on both of them and have impending default notices if i fail to make the next payments.
I just wondered if letting a debt recovery agency could actually be a blessing in disguise? Granted this will have a very negative effect on my credit rating but my rating is that poor anyway that this does not bother me!
Basically if I let a recovery agency deal with my debt will the interest that they charge be lower than what I am currently paying?
Thanks to all
0
Comments
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I pay O% not a bad deal should have done it sooner:rotfl:Barclaycard 3800
Nothing to do but hibernate till spring
0
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