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Approved by Trading Standards
By: Twitter Buttons
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Personal
Debt
:
debt :
£80,000 |
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Repayment Comparison
: Return to main chart.
If you have debts totalling approximately
£80,000 these are your main options in
dealing with the debt:
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|
Options |
Total
Cost (approx) |
Period |
Monthly
repayment (approx) |
| Typical
Consolidation Loan* |
£99,407 |
60
months |
£1,656 |
| Debt
Management Plan (DMP)** |
£80,000 |
122
months |
£654 |
| IVA
(5 years) |
£39,240 |
60
months |
£654 |
| IVA
(Lump Sum) |
£33,700 |
12
months |
n/a
– assumes lump sum |
* The figures quoted for the consolidation
loan are based on APR of 8.9%. The total cost
does not include any completion fee or arrangement
fee. ** Figures assume that the DMP is administered
by a 'not for profit' organisation and that
all creditors agree to freeze all charges and
interest for the duration of the arrangement.
The above is for example
purposes only. If you would like to find out
how much we could save you, please call us on
0800 7838 137 or complete our on-line
questionnaire.
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