She was insistant that Creditfix would absolutely suck up every penny and now this loan was a no brainer and taking my payments into account did a quick calculation where i'd be done paying back the loan within 27 months (if i paid the minimum. ) And i can always pay more each month and end early.
Now you could say this 200 extra id be paying a month is money i didnt have anyway . Whats the problem? Well imagine i want a full and final for the last year. Well now this would have to be double what it would previously. Which really bums me out. I do want out this IVA . I don't have a mortgage or anything like this and would be great to start rebuilding my credit although i understand this wouldnt be untill 6 years anyway. Regardless I'm not looking at buying a house anytime soon.
What do you guys think? Im giving it a couple more months to think over considering im told a touch early to apply .
Who wins ? Well, the IP gets a introducer's fee, Perinta get a set up fee and interest and you get a chunk lopped of your "sentence" ... who loses ? The creditors .... and they are beginning to cotton on. I have heard whispers that some are rejecting variations based around early exit loans (so guess they are being pushed while the going is good).
You pays yer money (literally) and you takes yer choice
Rickne wrote::roll: Nothing is ever simple. I know one things for sure . A Full and final is off the cards when they double my monthly fee next year. Oh well .
You may well be one of the few that the loan will suit. Hopefully none of your creditors (as least those with the voting weight) will say no. At the end of the day you have to do what is right for you -- creditors allowing. Just bear in mind all those other vested interests .... not saying they are wrong to have them, as long as your interests outweigh their's !
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