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Posted: Wed Sep 03, 2008 8:24 pm
by rosie1965
how do you work out pro rata payments agaain pls.rgds andie
Posted: Wed Sep 03, 2008 9:08 pm
by Viki.W
Hey Andie. List all your debts and add them up then work out how much you have per month to offer. For example:- Total debt £1500, you owe credit card £500 and loan £1000. You can offer £100 per month so you divide 100 by 1500 then multiply 500 for credit card = £33.33 for them and then the same for loan so that is £66.66 for them and so on. Therefore it is YOUR OFFER divided by TOTAL DEBT mutiplied by INDIVIDUAL DEBT AMOUNT equals PRO RATA PAYMENT. X
Posted: Wed Sep 03, 2008 9:57 pm
by look_divine
has any one done pro rata payments how do the creditors react?
Posted: Wed Sep 03, 2008 10:00 pm
by MelanieGiles
Have a look at
www.debthelpcharity.com
There is a table on there you can fill in which will work out all of these payments for you.
Posted: Wed Sep 03, 2008 10:10 pm
by size5
To answer the question of how the creditors react, be prepared that they will not like it in the slightest and that each one will suggest to you that their debt is far more important than any other debt, or indeed any living expenses that you have. Stick to your guns though, and nobody can really argue too much.
Regards.