Is it worth it?

titchyyyy wrote: »

Hello all.

So, I suffer with severe anxiety and mental health issues. I buried my head in the sand and ended up with a CCJ and 9 other debts. I have amassed debts worth £5838.

I won't give too much story about my self away but, I feel in a position mentally that I want to take my debts seriously and sort them out, but I have questions.

I currently feel like I have two options;

A DRO.
OR
Repaying back at £3 per month each debt (I have 10).

If I go down the route of a DRO, my credit report will be 'fixed' after 6 years.
If I go down the route of repayments at £3 per month, my credit report will be 'fixed' in 16-17 years.

Yes, there is an option of increasing the money per month but due to my health, I'm not really in a position to have £50-100 spare every month and due to my health and working, I have no idea how long it'll be until I do have more money spare each month.

I want to be in a position to have a 'clean start' on my credit report the quickest.

Any advice on which one I should aim to go for?

Thank you for listening.