What exactly is Pro-rata?
Pro-rata means “in proportion to.” Creditor
repayments are calculated in proportion to how much you owe them. If
you owe one creditor more than another, they will receive a higher
payment each month. Pro-rata payments ensure debts are paid off fairly
and quickly.
The DIY Debt software will calculate all pro-rata repayments for you. More about
exactly what the software does. |
FAQ
What type
of debt plan is DIY Debt? Is it similar to an IVA?
What
will DIY Debt do to my credit rating?
More
about pro-rata.
How
much will I pay my creditors?
|
