Are there any other fees?
At the start of your plan, we deduct an arrangement fee which is equal to 2 times your monthly payment, minus 2 monthly management fees. The arrangement fee is then split down into 6 smaller payments, made over the first 6 month of your plan.
If you had a monthly income of £1,400 but needed £1,245 to pay your mortgage, utilities bills, transport, food and other essential items you would be left with £155. This is your disposable income and would be the amount you pay to MoneyPlus each month.
We would distribute £120 to your creditors each month after deducting a monthly management fee of £35.
At the start of your plan an arrangement fee of £240 would be spread evenly over the first 6 months adding £40 to your monthly fee.