moira717 wrote:Lol! That's what he's worried about as thinks a dmp would eventually turn into an iva. Have told him to ring round a few companies. He feels a bit in limbo as at the moment is managing payments but creditors can see his finances are stretched and have stopped all the good interest deals and he is unable to find a 0% that he is accepted for. Therefore he is paying mostly interest and as I found out it's a slippery slope. I know how hard it is making that initial decision
I was making my scheduled payments up until I decided to jump before I was pushed --- but, right at the end, I was taking money out of one credit card to pay to another -- and getting close to maxxing them out! Yes, that initial decision is a hard one, but, I think you would find, most of us wish we had done it sooner !
Also speaking to the creditors directly to see what they are willing to do to to help you with your situation.
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