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marchelle.mc
Starting Member



1 Posts
Posted - 11 February 2010 :  18:30:30  Show Profile  Visit marchelle.mc's Homepage  Reply with Quote
I ve opted for debt management and I have made my first payment but I am not so sure this is the right choice, can I pull out and is bankcrupsy a better option, I am really mad because I tried months ago to discuss options with my bank, what is my option with the bank if I with draw on debt management.

Jan Lee
Forum Expert



United Kingdom
79 Posts
Posted - 12 February 2010 :  19:25:58  Show Profile  Reply with Quote
Hi Marchelle and welcome to the forum, and apologies for the late reply.

Why do you feel that debt management is wrong?

How much do you owe in total? There are several options available to you but it does depend upon your level of debt and your income.

Your bank will just continue to pile on charges and interest if you stop paying the DMP.

I do suggest that you change your bank account to one which is not one of your creditors.

Furnish us with some more details and we may be able to give you more specific advice.
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