Hello People
I am 23,538.00 in debt struggling to pay 10 creditors, I have been told an IVA will not benefit me as I will only right off roughly £6000.00 of the debt and will be paying back more than the debt itself, plus if my job finds out I will be in DEEP WATER.
I am strongly thinking about Debt Managment Plan with CCCS, PAYPLAN OR NATIONAL DEBTLINE as they provide a free service..The questions I would like to know is.
The majority of my debt is owed to Natwest Bank which is £18,900.00 what is the likelihood of them accepting a DMP If I was to apply for one?
Can I still recieve CCJ's and Default Notices whilst on a DMP? if so how long will they stay on my credit file for?
Once I completely finish paying a DMP will I be able to recieve a low APR rate e.g 6.9APR for a credit card If I was to apply for one or will it be 39.9APR because the risk to borrowing me money is higher?
Thanks for reading my concerns
Exx