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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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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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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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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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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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Credit card debt
Hi Long story short, I had an awful gambling habit that spiralled out of control, I’m now 5 years clean but the debt I amassed on credit cards have now got too much, it’s at about 50k. I’ve managed to completely turn my life around lost weight and starting running. I stopped paying the cards in roughly October which were…
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In debt trouble and would appreciate any help
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 1 Number of children in household......... Number of cars owned.................... [b] Monthly Income Details[/b] Monthly income after tax................ 2160 Partners monthly income after tax....... 0…
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In need of some advice - SOA attached
Hi all, I’m looking for some advice on how to finally tackle my mounting debt and get things under control before it gets any worse. I feel like I spend all of my wages on paying off debt and nothing seems to change. We are a family of 4 (1 adult child and 1 teenager) and myself and my husband work full-time. Any advice…
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Lendable and DMP
Hi Everyone! I have lurked on here for some time and managed to get some fantastic advice. Bit of background (as brief as possible): Got into lots of financial trouble because of a failed business back in 2022. Had a loan from Lendable at the time and because of the amount of debt I was in (over £30,000) I moved to a DMP…
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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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Lendable Debt Payment
Hi All, I currently owe £3400ish to Lendable. I probably made quite a few mistakes with my approach with them. The original agreement was £110 but due to circumstances I wasn't able to maintain that past the first few months. I've been paying them £36.66 per month for the past 4 or so years with no interest as agreed by…
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Difficulty after clearing debt
I’ve managed to clear a lot of my debt and get it down to a manageable level but for the last eight months I’ve been working stupid unhealthy amounts of overtime to make it happen. and I’m finding it difficult to get out of the mindset of I don’t need to keep doing it .
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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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Debt help… DMP?
Hello, I’m new here, but I’ve been doing a lot of reading while I was waiting for my account to be approved. I’ve got myself in a real financial mess. This is not the first time. I was married to a man who was financially controlling and I ended up in about 20k of credit card debt. After we separated and sold our house, I…
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Self DMP - first steps
I’m going to do a self DMP. I have been deliberating this for months but think it is finally time after having to continuously borrow to keep up with debts. I am currently not behind with any payments at present. I’m currently at about £36,000 in debt across numerous loans (1 x Plata, 4 x Zopa, 1 x Lendable), 3 credit…
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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Mortimer Clarke chasing after many years
Many years ago ( about 2007 ) I got into trouble with a Marbles credit card and ended up with a Ccj ( I think this was between me and HFC - who owned Marbles ) for about 8k ( no judgement please I was in a terrible place ). As I was in a terrible place ( drowning in debt with an alcoholic husband who drank most of our…
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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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PayPal
Hi Does anyone have experience of doing a dmp with PayPal. After I stopped paying my PayPal credit payments my full PayPal account is restricted. Can't withdraw funds or use pay with PayPal at checkouts etc. Did anyone go through this and get their PayPal (not credit) functionality back or is it gone forever? Thanks Bob
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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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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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Confused....Stopping debt payments before starting DMP?
Hello I was very close to "pulling the trigger" and starting a DMP with StepChange. But then I saw I should just stop paying my non priority debts for several months, allow them to default, then start a DMP? I understand this is to build up a fund of money before entering a DMP. All my debts are credit cards and personal…
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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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Default and DMP Plan thoughts
How do, been lingering on the forum for a while and just thought I'd ask if my plan makes sense (based on a mix of forums and elsewhere). After being in continuous debt over nearly two decades, I'm not getting any younger (43) and I want my debt gone by I'm 50 to concentrate on saving for retirement (beyond work pension).…
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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…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
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