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c.j

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Post by c.j » Fri Apr 25, 2008 11:55 pm
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i have spoken to the debt people who suggest we pay £292 per month over 72 months also they charge £5000 but this is payed by the creditors. does this seem okay? or should i try someone else. speaking to others 72 months seems a long time.
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MelanieGiles

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Post by MelanieGiles » Sat Apr 26, 2008 12:16 am
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Hi cj and welcome to the forum

The fees of the insolvency practitioner are generally paid by creditors out of the contributions that you pay over, unless you are going to be repaying 100p in the £ which is actually quite rare.

Why are they suggesting 72 months, when the norm is for 60 months unless you have a Northern Rock debt which is more than 25% of the aggregate debt?
Regards, Melanie Giles, Insolvency Practitioner
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c.j

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Post by c.j » Sat Apr 26, 2008 12:30 am
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northern rock isnt one of my creditors, i shall ask them why it is 72 months when i next speak to them. thanks for your reply.
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