Slanebuddy
Registered User
- Messages
- 24
Hi
A friend of mine is going through an awful time. She and her husband haven't been living within their means for a long time and they want to try get some control over their finances now. I said I'd help them with this and try research different options.
They currently pay a financial management company €300 per month. This consists of a certain amount for a personal loan, some for a credit card and €60 management fees. I was horrified to see how much in fees they're paying. Would they be better engaging directly with the creditors instead?...they're currently on reduced payments because they went into arrears (I think the money for the loan is even paid to a solicitor). The solicitors & credit card people can't refuse to deal directly with them instead? €60 would go a long way. many thanks.
A friend of mine is going through an awful time. She and her husband haven't been living within their means for a long time and they want to try get some control over their finances now. I said I'd help them with this and try research different options.
They currently pay a financial management company €300 per month. This consists of a certain amount for a personal loan, some for a credit card and €60 management fees. I was horrified to see how much in fees they're paying. Would they be better engaging directly with the creditors instead?...they're currently on reduced payments because they went into arrears (I think the money for the loan is even paid to a solicitor). The solicitors & credit card people can't refuse to deal directly with them instead? €60 would go a long way. many thanks.