-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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 :…
-
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…
-
Persistent debt need help
I'm not sure what to do , I've been irresponsible and have got Credit cards and catalogues naxed to the limit and im spending £675 a month which is over half my part time income each month on repayments. I'm not making a dent in any of the credit card balances as the little bit of freed up money I end up spending on…
-
Frasers Plus
Hey all, trust me I've tried searching the forum but keeps giving me House of Fraser competitions. Anyway Frasers Plus have taken over my Studio account and they've added over £400 interest and it's giving me such a headache, I paid over 50 quid the first month despite it saying no payment was required, that seemed to push…
-
Default and ccj
Hi guys hope you’re all well. I’m in a bit of a panick. Have unsecured debts of about 26k have stopped paying it all and only one credit card with Vanquis has defaulted. I stopped paying everything around June/july im going to do a dmp with step change but I’m trying to save an emergency fund as advised here but haven’t…
-
Is this a scam?
I received this email today, is it a scam My name is Edward Adams, I am contacting you from Debt Enforcement Bailiffs. I am sorry to have to tell you that First Debt Enforcement has obtained a liability order against you for not paying contractual payments towards your debts. THIS IS A SERIOUS MATTER AND YOU SHOULD NOT…
-
Cabot Financial
Hey everyone, I’m facing a bit of a moral and financial dilemma and could really use some advice. I have a £5,700 debt with Barclaycard, which has been sold to Cabot. I haven’t made any payments on this account since 29th September 2020. Since I live in Scotland, I understand the debt would be extinguished (become…
-
Full &Final Debt Offer Letter Template
HI All, I am in the process of creating Full and Final settlement letters for my partner for for his 3 remaining debts. I have already requested CCAs and 2 out of the 3 have come back unenforceable - the 3rd is less than £900 balance and that is the one that is enforceable. I am going to gift him some money to clear the…
-
Debt help. Unsure on what to do
Hi all, I've had a read through the forum and can't see anything like my particular situation. I've read up on consolidation, IVAs etc.. Quick version. I've been self employed/company director for 20+ years. No debt. No loans. With no debt I found it hard to get credit. I opened a new business in a different industry and…
-
Dealing with £39K debt
Hello all, I built up debt over probably the last 2 decades, sometimes paying off, but then getting more credit. As the years went on and my wages increased I ended up taking out larger amounts of credit feeling I could handle it as I was always making the payments each month although increasingly this became the minimum…
-
Help on opos issues .. is it a scam 🤔
Hey 👋 Im having issues from OPOS having letters and emails saying i owe money but have never used this company or had anything from them via a credit company I've sent 2 x prove it emails and keep getting this back from them ...... Hello Thank you for your email. We are contacting you on behalf of one of our clients who…
-
Advice Needed with Cabot Financial
Hi, I'm new here and need some advice if possible. I've been reading as much as I can but I'm confused about what to do. I have summarised and, hopefully, added the info needed below: Credit card with Santander - last payment was made 2 Jul 2019. I have a default showing on my credit report (no balance shown) as registered…
-
DMP: 2 x CCA requests? Credit Agreement and Affordability - Is it worthwhile?
Dear All, I am now 2+ years into a DMP with Stepchange, paid off over £10K with £25K to go. Debt free date is currently June 2030. I have a total of 10 creditors of varying amounts. In regards to some of my creditors I am wondering if it is worth doing a CCA letter for two different things but would be helpful (these are…
-
Making a full & final settlement offer
I am currently in a DMP that will take 14 years to complete. A friend will give me money to make a full & final settlement offer. Should I make the offer through my DMP provider or go to the individual creditors myself?
-
Old debt resurfacing
Hope someone can advise. I am currently in contact with Lowell regarding outstanding debts. There are three of them. One is a shop direct account they have agreed verbally is statute barred and told me they will close this. Another which is around 3 yrs old for which I have set up a payment plan. They have also told me…
-
Lantern
Hi, I'm Looking for advice please. I've been getting bombarded with emails and letters from lantern, who say the acting for perch and are going to give me a home visit to discuss payment of a loan I had with Sunny for £439 years ago, will I need to speak to them, any advice would be great...thanks
-
Advice to take out IVA or set up agreements with creditors ourselves
My husband and I have a total of 65000 unsecured debt ( credit loans with accrued interest and personal loans) we have a mortgage and second mortgage total of £92000. we are keeping up with all priority bills and insurance for house. But we are no longer able to keep paying all our credit cards . We have ben paying minimum…
-
PRA (Barclaycard) debt
Afternoon all, I have had a read through a lot of the topics and it’s a great resource and full of great advice. I’m hoping for a bit of advice with my situation. I got into a bit of trouble back in 2018/19, leading to missing payments and subsequently defaulting on a few credit cards and a loan. I have since paid off all…
-
New mortgage deal during DMP
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
-
Debt recovery
Hi purchased motorcycle in May, I had received an over payment but unaware of it. I received debt recovery emails/phone call but no contact from Superbike factory. I had blocked them because I was getting so many emails selling me bikes. I would have thought I should have received a formal posted letter, any advise would…
-
Update: Irresponsible Lending Complaint Against Amex – Refund of interests and charges
I raised a complaint against Amex for irresponsible lending, and the investigator has now issued their draft decision. They concluded it wouldn’t be fair for Amex to refund all interest and charges dating back to September 2017. Instead, they’ve recommended that Amex: • Refund all interest and charges from April 2019…
-
Where to begin/realistic expectations
Hi forumites! I’ve been in debt for as long as I can remember and have wanted to pluck up the courage to do something about it for quite some time. I believe I am in what constitutes as a ‘debt crisis’ (debt slowly increasing without being able to reduce it). I’m hoping for some advice on where to start and to manage my…
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.
1.2K discussions
413.4K comments
Most recent: Outstanding October's No-Spend Days Challenge! by CrazyBee787
Today at 6:48PM
