Hi all I am after some advice.
I am currently on a DMP through Step Change and I have been paying £422 a month for about 3 months now.
I am due to inherit some money so I want advice on paying the debts or ‘settling them’ as I have seen in previous posts. Full and final is what I have seen crop up a lot.
The balances are as follows;
£27,814.00 – Sainsburys Loan showing as ‘1 month late’ on my credit report
£2,265.00 – Halifax Overdraft
£2,028.13 – Halifax Credit Card
£3,826.00 – MBNA Credit Card showing as ‘1 month late’ on my credit report
I have seen posts about offering 20% to each firm, can someone point me in the right direction for templates ect. or advise what I they recommend I should do.
If I can get them all settled and get myself off the DMP how long will my credit file be effected for?
Thanks, Sam