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The Debt Free Roll Of Honour
Update December 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below. To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion Back to Martin's original…
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Charging Order? The myth
I feel that this is so important that I thought a new thread should be made to highlight the importance of understanding the law on Charging Orders and how many people are stuck with their property in the false believe that they have had a Charging Order put on their property. In particular the thousands of Northern Rock…
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Struggling with debt? Ask a stepchange debt adviser a question
If you need help with your debts, this is the thread for you. This is a new thread, as the old one was getting a tad long. Trained advisers from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! There are three ways to get in touch: 1 - Simply post…
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DMP mutual support thread part 13 !!
Welcome to the DMP mutual support thread Part 13 !! Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for. There is help on getting interest and charges stopped, how to start with an…
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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
This thread provides guidance about some good first steps you should take if you are in debt and want to get debt-free. It doesn’t matter how big or small your debt is, or whether you are comfortably paying your debts and looking for advice on where to cut back further or struggling to cover your basic needs - we are here…
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Reclaiming money back from various payday loan companies
Hi all just wanted to share some good news regarding payday loan companies..... From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20. Early this year I saw all the news…
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Pls remember Debt-Free Wannabe's for support and help not judgement
Martin (Lewis) made the following announcement a few years back. But the link in the stickies is broken. Anyhow, here is what Martin said: "Dear Money savers..... Debt Free Wannabe is one of my favorite boards on this site. It's also one which runs a delicate balance. Many people who have serious debts have hidden them for…
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DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health Help and Guidance, all here.
Debt-Free Wannabe Sticky - Please read for links to important topics and help Hi folks :) This is the Debt-Free Wannabe Sticky where links to all current important tools and information will be posted. Links: (1) Those who are new to debt, and want to know where to start, check out these first steps :…
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Statute barred debts and the Limitation Act
Statute barred debts and the Limitation Act Statute Barred debts. A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period. The debt would then be legally UNENFORCEABLE, unless the creditor has already taken legal action…
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Credit/Loan/Debt Help!
Hi, I've been trawling through the website and Forum for some help but haven't quite found the right thing... plus some conflicting advice. I'm hoping this community can provide some help from their experience to navigate me through this minefield! I have a 'normal' credit card, a 'balance transfer' card, Paypal Credit…
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Greenhalge Kerr- council tax collection
omg I have had the misfortune to try and sort some council tax debt out for my 85 year old father - for reasons unbeknown to us the debt has gone to Greenhalge Kerr and they have added 2k to it! Im not sure why Nottingham decided it passed this debt on - its the first we heard of it so could have been sorted out- but given…
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Zopa Loan default
Hi, could you please advise if this is anything to worry about before I start a self managed Dmp? At what point do I contact them to set up a payment please? See attached letters. This is after 2 missed payment rather than the 3 to 6 that it says they usually start defaulting. Donr want to end up with a Ccj 😞. Thanks for…
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60k+ Debt, feeling a little lost. Is a DMP right?
Hi all, hopping on here for some advice, more than anything I have over 60k of debt, and it's getting to a situation now where I'm struggling to pay everything and afford a decent day-to-day living without the weight of stress bogging me down. It's my own making and I've been a bit of a fool. Rewind back a year and both…
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Cabot repayment
Hi all. I have been making small monthly payments to Cabot since they took over the debt in 2017. I have recently been hassled to update my budget planner. I was prepared to pay more, but they have told me that I need to now pay them £92 per month when my monthly disposable income is £169.50. I declared that I put £25 per…
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Use LISA to pay of debt?
Hi everyone, I’d really appreciate some advice/opinions. I have nearly £15,500 saved in my LISA account towards a deposit. My problem is, I also have £7000 worth of credit card debt which I just can’t seem to shift. Because I have them means I’m so frivolous and just use it. I really want to just get rid of both of them to…
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PRA Group -CCA outcome and offer
Hi there I originally posted on this forum nearly a year ago and I’m at the stage where most of debt (if not all) have been defaulted sold onto PRA , Lowell, Cabot l, Link.. I have sent 3 CCA letters : two of which went to Lowell for two separate debt accounts and the last letter went to PRA. My debt from Barclaycard of…
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Student finance debt and ADHD
Hi my daughter who is 21 has been at uni this last 2 years. We have been supporting her financially as well as the student finance. She has approx 30K in debt on student finance. The issue is when she finished year 1 she failed on one module we couldn’t understand why but then further probing etc my daughter has ADHD.…
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Small wins that add up – what’s the best £1 you’ve ever saved?
I’ve been on my debt-free journey for a while now, and I’ve realised it’s often the tiny savings that make me feel most motivated. Yesterday, I switched my regular supermarket coffee for the shop’s own-brand version – saved £1.20 and honestly, I can’t taste the difference. Felt oddly triumphant about it! So, what’s the…
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30 Years old, $53k In Total Debt, $100k Salary - Need Advice
Hello everyone, I'm pretty scared typing this but I need advice on how to tackle paying off my debt. After totaling everything up I learned that my total debt is $53,425, with me paying about $1,903 a month (credit card debt + personal loan). I realized I've made some serious mistakes in my finances but I believe I can…
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Cabot and Lowell
I would really appreciate some advice as I don’t know the best way
to go about this. I have 3 debts I’d like to pay off. 1. HSBC loan from 2009. Went to Myling Europe (?) in 2014. With
Cabot now. £8515 2. HSBC credit card from 2009. Went to Myling Europe (?) in 2014.
With Cabot now. £1617 3. HSBC (loan or card?) from…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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Starting a DMP? Help please!
Hi all, So I’ve been on with step change who have recommended a DMP for my debts. Here’s a list if needed: NatWest loan - £4500 Aqua credit card - £2500 Zable credit card - £1000 Very catalogue £800 Monzo over draft - £400 < although this doesn’t cost me anything so I’m not sure I want to include it as a DMP? Now I’ve…
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Loan may default, what happens?
I have a £15k loan with Shawbrook that I have been paying off for the last 2 years. The first year was fine, I made my monthly payments on time and in full but then unexpectedly got made redundant and I had some health issues on top of that. So for the last year I initially used my savings to keep the monthly repayments…
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Trying to get free and out of DMP
Hi, i have been in a DMP with payplan for around 12 years, and still have a long way to go. I potentially may have a gift being offered to partially pay off some of my debt, but the giftor is keen to keep it as a low as possible. I still have £20k to pay off,paying £80 a month, to 11 creditors. How would i go about trying…
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What to do…
I’m in approx 70k of debt. I have been looking at a dmp and have mentioned this to my partner, however she is not keen. She thinks it may affect my position in regard to an opportunity with the company I work with. The risk as far as I can see it is if I get credit checked however that won’t be pretty without a dmp if…
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Cabot Financial
This discussion was created from comments split from: Cabot Financial- prove it sent help with their reply.
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DMP and CCA
Hi all, newbie here. Posted last week I'm at the very start of a self managed DMP, first month not paying my credit accounts, anxious still and worried about what to expect. I have a few questions about CCA's I have seen them getting mentioned on a few posts. As a newbie can anyone tell me is this something I have to do? I…
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Thinking of DMP, some advice needed
Hi Everyone! I'm currently £33k in debt. Some credit cards, and 3 personal loans. Credit cards repeyments are £200 and 2 of the personal loans are manageble with monthly payments of £120 and £270. The problem is with my last loan which is £580 a month. After all of my bills and repayments I'm left with around £50-£100 a…
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Questions on DMP
Hi Everyone!! This is all new to me and my husband, we know nothing about DMP apart from what we've read only. our situation is ; .90k in debt- loans and credit cards - (no car payments or anything) . 4 young children - 8yrs and under. . husband self employed . I am employed and I clear £900 pm . . we own our home-…
A place for MoneySavers to share their journeys towards debt-free living.
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