“Be sensible about what you can afford”
Nicola started her journey with Cabot on a payment plan, making regular payments, but when she had some extra money, she chose to make a one-off payment and clear the entire amount...
"Jamie felt better knowing “they’d help me where they could”
After working out a payment plan that suited Jamie, he was able to pay it off after a year. Before their journey with Cabot, Jamie viewed debt as something “terrifying and embarrassing”...
Money Diaries: Budgeting during a pandemic is weird, you spend more in one go and feel bad but in reality your spending less on everything else.
It's now 2020, my husband is on furlough for at least three weeks due to the COVID-19 pandemic, we have a mortgage to pay, and a large loan payment to worry about on top of bills and council tax - not the situation we had planned for.
Managing your debt management plan (DMP)
You’ve explored the pros and cons of a DMP, looked into how to set one up, but now you may be wondering what your next steps will be when you have a DMP in place - let us fill you in.
Is a debt management plan the right solution for me?
Debt management plans (DMPs) are a great way to manage multiple debts if you’re struggling to meet your contractual payments, but they may not be the best option for everyone. Read on to find out if a DMP is the right step for you.