Hi
I started a DMP with the CCCS 3 years ago when I had 21k of debt to pay off.
I still have about 11k left so about 4 years to go until I am debt free.
I've looked through the forums etc but I was just wondering if anyone had any ideas if I could pay this back sooner,
reduce my debts, IVA etc?
I am paying £274 a month with I can just about manage.
I am desperate to get this debt paid off asap but cannot afford more then £274 a month.
My debts are from 3 credit cards, 2 store cards, 2 overdrafts and a loan.
Also one question I have is regarding a lloyds overdraft I had about 4 years ago.
I had their top current account at the time and was able to apply to extend my overdraft online which was an instant decision.
I keep doing this as I was always short of cash and somehow over a period of about 2 years
I managed to get my overdraft limit up to......£6920, yes, £6920!!!
How did they let me do this?
is was an apprentice at the time so was earing between £11k-£18k at the time and renting a flat!!
If anyone has any advice or ideas I would very much appreciate it.
Thanks for your time reading this.
Mike