my total debt is 15400 pounds have been asked to pay 285 a month which would mean a total off 17600 over 5 years is this correct any alternatives am now back on full pay but no o/t at moment
Last edited by jim_h on Sat Feb 27, 2010 1:32 pm, edited 1 time in total.
Hi I'm sure one of the experts will be on here shortly to help but I thik that sounds about right as you will have IP fees to pay for the 5 years. And your total debt will be paid off.
Hope this helps but like I say I'm sure someone will be on soon
You will never pay back more than you originally owed, plus IP fees, so this is probably what has been factored in.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi Jim
Are you actually in an IVA yet or just considering one ?
You may be better looking at a debt management plan, has this been discussed with you ?
Regards
Having checked through previous posts, it would appear that Jim isn't in an IVA.
In that case, I do agree that a DMP might be better for him.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
