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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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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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NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
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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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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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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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Is it wise to take a loan out at 5.7% to pay off debts?
I have been offered a rate of 5.7 with HSBC on amounts up to 20k. I am tempted to take out one for 15k to essentially pay for my PCP…. I have Zopa loan, 10k, 9.9%, 3 years left, I am paying interest of £75 a month and will have to pay £9k in balloon in 2027, I will be keeping the car. The other 5k is for my maintenance…
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So confused with conflicting advice …
Hello, Apologies, this may turn into a long post but I’m receiving so much conflicting advice that I don’t know which way to proceed!! I am currently in around £8,500 of unsecured debt. Half of which is on a dmp with Payplan which I have been paying at £190 a month for a few years now. Originally the dmp was with…
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Baillif keeps turning up for someone who has never lived here and wont accept proof of that
Just hoping for a bit of advice, a few weeks ago some guy started banging on the door like crazy just after 6am, opened a top floor window asked him what the hell are you doing he started asking to speak with a Mr Stevenson, told him its only my partner and I who live here and we have never known of this person and we know…
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DMP Advice…please help
hi, new here and I’ve been reading some of the threads on DMP advice and your stories, and it’s given me a little light but I’m really struggling to see how I’m going to cope with creditors rejecting proposals, defaults etc. My story; I’m married with 2 young children and have debt in the form of 2 unsecured loans and 3…
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PRA Group threatening me with Solicitors
I have two defaulted Barclaycards which have been with PRA Group since early this year. Earlier this year I was advised by @sourcrates and others on a course of action. I sent a letter stating that unless they could provide proof of a CCA I would not enter into any further correspondence. I stated that I was aware that…
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Need to downsize
Hi, im in such a pickle. I was barely making ends meet when my dog got a serious lifelong illness and the vets bills have put me in a serious debt spiral I don't see an end to. I decided that downsizing my home and releasing some equity plus hopefully lowering my monthly mortgage payments would be the best idea. However,…
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Don’t know how to get out of this mess.
Hi, I currently owe the following: Virgin credit card £9700 (£12600 credit limit) HSBC credit card £5411 (£7500 credit limit) Tesco credit card £4600 (£5000 credit limit) Barclays £0 (£8000 credit limit, but no option for a balance transfer) The majority of Virgin and Tesco balances are either not interest free or about to…
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snowball calculator
Can anyone recommend a snowball calculator that i can save my calculations? Have used "whatsthecost.com" but been unable to save then due. to receiving errors every time
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Help
Hi everyone, I’m hoping for some advice because this situation is becoming really overwhelming and I’m not sure what else I can do. Background: I have a debt that Drydens are dealing with on behalf of Natwest. There is no CCJ in place, and I haven’t agreed to any repayment plan yet because we’ve been going back and forth…
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ACI Debt collection agency
Hi, just looking for some advice. Anyone hd any dealings with ACI debt management company. I'm dealing with a self managed Dmp and had dealings with a few companies but this company are so difficult to deal with, I set up a standing order over the phone as they were too frustrating by email. Agreed to set up 1st of the…
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Back again - 15 years later
I posted here frequently many many years ago before I got married in my 20s with my first brush with debt, since then I’ve got married, had children, got divorced and even got on the properly ladder (all by myself I might add) I’ve had ups and downs financially but mostly kept myself afloat. I am now in my 40s and I’m…
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Random default question
So I have a loan with Admiral. We (me and hubs) are in a DMP and have been since 2022 with Stepchange. We have a lot of creditors and more debt than I care to think about but it is the Admiral loan that has caused me the headache. Im not surprised by this and at this point it is what it is but…. They never defaulted the…
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Debt and Job loss
Hi, Please no judgment, I am exhausted with worry and really dont need to be told how wrong I have been. Long story short- I have a senior job which pays well. Things have gone wrong in work and I think there is a real chance that I may well lose my job. Not a misconduct issue but more a performance issue in the business…
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Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
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Bad credit car finance
Hi, Does anyone know of any bad credit car finance they can recommend please?
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Parent Offering to clear debt.
Hello all, As some may be aware my long term relationship is ending and I have a lot of debt. My Mum initially was going to get a regulated BTL to buy my ex out of the house so I could stay in and pay her rent. Her financial advisor put her off the idea using figures of 6.5% mortgage and that I'd pay £915 rent (which is…
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When to make affordability complaints in the DMP process
I have just stopped paying this month. Do I need to wait for the accounts to default or should I get on with it before that? Thx
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DMP - Plan
Ive been in contact with stepchange who have advised DMP. None of my debts have defaulted - I have just missed my first payment I panicked with Stepchange and asked for breathing space (expires on 4th August). Stepchange are asking for further details such as wage slip with address etc...so has not been setup on DMP with…
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Should I close my credit card account?
Hi there. In a nutshell due to spending on essentials and other unexpected house/car bills popping up I have about £15,000 spread across four credit cards. I notice when I get my monthly credit score that i'm marked down for using more than 50% of the available credit on a card (and sometimes more than 75%). I'm managing…
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ACI Updraft
Evening all, My Updraft loan still hasn’t defaulted despite missing 5 payments. I have received an Email from them saying… As you are behind with payments and we have been unable to resolve this, we will be asking a debt collection agency, ACI, to contact you and help you bring your account up to date. If you are having…
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