| Ques1. |
Can I increase payments to clear the debt more quickly once my financial situation is stable? |
| Ans. |
YES, Clients are always welcome to make larger installments, allowing the debt to be cleared at a faster rate, Also, full and final settlements can be made on the accounts at any point during the repayment plan. |
| Ques2. |
By how much can you reduce my monthly repayments? |
| Ans. |
The monthly repayment is tailored entirely to your individual needs. It is based specifically around your affordability |
| Ques3. |
Do I need to open a new bank account? |
| Ans. |
You can open an account with any bank that you don't owe money to. You need to tell them that all you require is a basic bank account that you can pay money into and set up direct debits or standing orders for bill payments. You do not require an overdraft or chequebook or cheque card but do need cash card for ATM cash withdrawals. |
| Ques4. |
I have an existing County Court Judgement registered against me? |
| Ans. |
You must continue to make payments as agreed with the court. We will make an allowance for any payments you make by including them in your regular expenditures. |
| Ques5. |
How Do I know that my creditors are being paid? |
| Ans. |
As the creditors are paid on a monthly basis, you will receive a receipt confirming the individual amounts paid to them. |
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