-
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…
-
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…
-
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…
-
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…
-
In Debt and Wannabe Debt Free? First Steps!
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…
-
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…
-
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…
-
Debt-Free Wannabe Sticky - Provit & Statute Barred Letters, Defaults, 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) Is your debt statute barred ? template letters here :…
-
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…
-
Struggling and getting in to more debt
Hello, I'm looking for advice on my debt problems, number of years just ignoring and not prioritising debt and its built up to a point where I cannot manage it any more. I've been listening and reading advice but I'm unsure of what actions to take. Trying to earn more money to pay it down but struggling to find something,…
-
Debt advice DMP,IVA,DRO
Hello, Looking for a bit of impartial advice really on which route is the best suited for my position. Bit of background, long term health issue which I had a operation on to remedy short term(expected to last around 15 years), ten years on I was in good line of work £65K, £80K+, took an unsecured loan, started self…
-
Help required .... In a Mess!
I have got into a credit mess over the last 5 years. I changed jobs for a lower salary employment because of mental & physical pressure. Unfortunately Covid came and then increases in fuel, food etc etc. I have subsidised my living expenses with Credit Cards & Personal loans and although I've struggled with minimum…
-
Resolvecall chasing debt from 2009.
Hi all have had a bloke from resolvecall knock today chasing a debt that my partner had in 2009. It was a £5,000 loan that she took out and only made a couple payments before loosing her job and then burying her head. Either way right or wrong I heard the bloke and went to the front door myself. I explained that I don't…
-
Help...
I am just wondering if there's anyone who can give me some advice please? I have £20k worth of debts, with 14k with NatWest (now Zinc group) and 3k with Barclaycard (PRA Group) and the rest split between finance agreements and other cards etc. There's 4 defaults on my credit file- 3 with NatWest (2 loans, 1 Overdraft) and…
-
Pay off debt with emergency fund?
Hi all, Question around debt repayment- I currently have a personal loan of circa £5k left at APR of 5.68% with payments running until Mar'26. I have roughly the same emergency fund in a high interest savings account paying 5.2%. My question is, should I use all of this or most to pay off my personal loan? This will be my…
-
Employed again, started paying off debts, now Cabot digs up old debt
I'll start with a very brief summary..... Over a decade of fighting new and old debts, being self-employed with a tiny online business didn't help solve my debt problems. Then covid hit and the business boomed (I did not receive any grants or payments during covid) but when it all blew over and the country went into the…
-
Statue barred help/advice
Morning all Need some advice , I had a debt with MYJAR £800 from 2013 , I have been hassled by a company in the first instance called ACI , I wrote to them in October 2022 using the template stating the debt was statue barred , They never acknowledged the letter , They carried on sending emails trying to claim the debt ,…
-
AA LOAN (BANK OF IRELAND
Hi, i took out a £10000 loan over 84 months with AA in 2022, the monthly repayment was £168.03. Ive made 21 payments so far totalling £3528.63. I've been given a settlement figure of £10417 which is more than I borrowed, so basically every paymemt I've made so far has been 100% interest. I know that you pay more to the…
-
Just looking for some clarity on DMPs
Hi, I’ve been sifting through so many threads to try and understand the best way forward for me with my 50k plus debt across 3 unsecured loans and overdrafts. So, I don’t own my house is in my husbands name and he’s always paid the mortgage. I have paid the odd fuel bill and the council tax which I’ve been told means that…
-
Virgin debt collection process
Good morning. I have two credit cards with virgin and wish to manage my own DMP. I have been waiting for defaults. I don’t have any defaults from virgin on my credit report yet, however, I have now received letters stating that my accounts are now with Intrum UK Finance Ltd, Interum have appointed Capquest and Capquest are…
-
Help with offering a settlement on a very old debt
Hi All, I haven’t been on here in years, but could do with some advice. Years ago I run up several credit cards and one was sent to a debt collector. I’ve always been paying it off every month. This is now around 10 years ago. The original debt was around 12k I’m now down to 2k. I’ve paid off pretty much 80% of my debts so…
-
Monthly car insurance payments whilst on a DMP?
Hi, Does anyone know if it's easy to pay for car insurance monthly if you are on a DMP?
-
Some help please on my debts - Credit Report doesn't show "date of default"
Hi All Hope you're all well Up to about 2018 we were in a Debt Spiral, over 75k as a couple, mostly C/c's, some bank overdrafts From early 2019 we set up time-to-pay arrangements, closed all c/c's / overdrafts, and have been living month-to-month with about £15 a month going to various Creditors. I have checked my "Your…
-
Should I accept the offer?
Hi, I have recently received my first default from Credit Spring. I have received an email to say that they are offering me a payment of £10 per month or they will pass it to a debt collector. Should I accept? I owe about £709. Thank you very much
-
Last chance saloon before insolvency.
Hi everyone, I have been a very long time Lurker on this forum, and have used it for guidance and advice when I have had previous half-hearted attempts at sorting out our debt problems. today, for the first time ever I have sat down and I’ve completed an SOA. It doesn’t make for pleasant reading but I keep reminding myself…
-
debt free wannabe (huge financial family mess)
Hello, I have this MASSIVE family financial issue and I am not sure how to resolve it. Help, please! My husband has no income as his two business are not producing any profit (and they never had since 3.5 years ago, when he started them). My income is good, but not enough to support a high mortgage and a family of 4 (2…
-
Statute barred?
Hi all, hope someone can help! I am working through my debts but I have 3 old debts that dropped off my credit file in October2023, however Lowell are chasing me for these debts, they have written to me over the years but I have never responded but would like to know my legal position as regards to if I have to pay these…
-
13.5k credit card debt = stress
I stupidly let my credit cards spiral and I am now so stressed and angry at myself as I don’t have much spare money .. I’m looking for advice on the quickest and easiest way to get them paid off.
-
Income and expediture
Hi all - I am trying to arrange a reasonable payment plan, this exercises are quite difficult to judge as realistically many spends are adjustable, what is the best tactic to have a largest options of payment plans available? Is it to leave just the amount you want to offer per month or something else? Many thanks