GD.23 wrote:What's to be gained is freedom! How much are the costs likely to be?
But you also have to look at what is to be gained by the creditors who have to agree -- it will add between £300 and £500 to their fees. As mentioned, most firms take a couple of months to set this up, some take up to six! It will depend upon exactly what you wish freedom from --- some things do not automatically follow a F&F. Your credit rating will still be shot ... any PPI will still belong to the creditors .... any windfall / lottery win / inheritance that you already know about will also still be payable.
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