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offering a token payment - good idea or not?


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Hi - Wonder if anyone can help me with this. I have had a DMP for nearly 7 years - currently paying each of my creditors about £6 a month. My total debts are about £24k. I have one CCJ for the largest debt which is £10k. The rest are smaller amounts (smallest being £650) I have just completed a financial review with the CCCS and based on my income and expenditure it is going to take me until 2049 to pay it all off!!! My circumstances are not likely to change in the next few years so I am wondering whether its worth writing to my creditors with a copy of my budget planner and explaining this predicament. If I was to be able to get together an amount of money (my parents may be willing to lend me about £1,000) and offer them a proportion each as a full and final settlement how likely do you think it will be that they would consider this. I have been paying them off for 7 years already and they are looking at another 38 years potentially to get it all back!

Any advice gratefully recieved.


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