How should I deal with my debt

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
User avatar
sarah895
Posts: 1
by sarah895 » Fri Apr 06, 2018 2:12 pm
I have 2800 pounds I owe in total I get paid around 1075 a month, what is the best thing for me to do?
User avatar
kallis3
Forum Expert
Posts: 73163
Contact
by kallis3 » Fri Apr 06, 2018 2:15 pm
Is i £2800 or £28000?

You could consider a DMP as 2800 is too low for an IVA.

In either scenario you should speak to a company who can help you.
User avatar
Foggy
Forum Expert
Posts: 26311
Contact
by Foggy » Fri Apr 06, 2018 2:54 pm
Is the debt with one lender ? For that sort of amount (assumimg it's not a typo) I would try to negotiate a debt management plan with the creditor direct. You would need to sit down and work out your outgoings, starting with the essential bills and add a sensible amount for housekeeping, etc. Take this away from your income and see how much you are left with ... this will be your payment. If you are lucky the lender might even agree to suspend interest for a while.
User avatar
Lisa Thomas
Industry Expert
Posts: 6723
Contact
by Lisa Thomas » Mon Apr 09, 2018 8:21 am
Contact your creditors and make an arrangement to pay them off in installments. See if they will agree to freeze interest.
User avatar
kallis3
Forum Expert
Posts: 73163
Contact
by kallis3 » Mon Apr 09, 2018 8:23 am
Can you give us a little more information please?
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 15 guests