How much will I pay my creditors?
DIY Debt calculates all repayments based on your income and
expenditure. The monthly repayments are calculated on a Pro-rata basis
using only your monthly disposable income. This means that you will
always be able to afford the repayments, ensuring you stay in control
of your debts.
If your situation changes, such as a drop in your wages or cheaper
rent, you can re-run the software, getting a new payment plan. This
makes sure that can afford your re-payments in any situation, whilst
still ensuring your debts are paid off as quickly as possible.
Remember, you only pay what you can afford. |
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?
|
