Jump to content


Advice : Big PDL Debt : Sort myself or via Free Debt Manager


Please note that this topic has not had any new posts for the last 3062 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hello All

 

I have £4500 in PDL debt with many different companies and it is completely my own fault (it is much more than my monthly salary). I have been reading these threads for the past couple of weeks and it has provided me with piece of mind and conviction to stop this cycle of craziness. I have not yet defaulted or missed a payment on any of the PDLs or any other debt I have.

 

The PDL debt is with companies that I have two years of history and successful repayment with, it has not always been revolving credit.

 

When I look at my budget I have £500 spare per month after paying personal loans, rent, CC etc, so equates to 9 months to payback the existing PDL loans. I know I have no access to any other credit facility or extension of credit as all of those options are previously exhausted.

 

Due to the share scale of my issue, should I try to deal with this myself or am I better off going through a free debt management service ? I do not want to touch or cause any issues with my prime debt so I do not want that considered.

 

Thanks for your considered replies.

Link to post
Share on other sites

Your priority debts come first. Also, dont shortchange yourself on the outgoings. You need money to live on , plus extra for emergencies/clothes/socialising etc. The money that is left after all that can then be split between the PDL's. If they don't like it, tough luck to them. Send them a budget summary ( not a fully itemised I&E form) and pay them a token payment of £1 a month until they accept.

 

If you are worried, give national debtline a call on 0808 808 4000 It's free and they are very experienced and can help you decide what option is best for you.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Link to post
Share on other sites
Your priority debts come first. Also, dont shortchange yourself on the outgoings. You need money to live on , plus extra for emergencies/clothes/socialising etc. The money that is left after all that can then be split between the PDL's. If they don't like it, tough luck to them. Send them a budget summary ( not a fully itemised I&E form) and pay them a token payment of £1 a month until they accept.

 

If you are worried, give national debtline a call on 0808 808 4000 It's free and they are very experienced and can help you decide what option is best for you.

 

I used Payplan before... they are free, and also will make payments on your behalf.

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...