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Debt Write off and Redundancy -
hi all, has anyone had any luck with getting debts written off due to job loss? We've been informed that our business is closing in at the end of the month. Haven't worked there long enough for any decent payout and am in panic mode right now as there's still a considerable amount of debt against me. I'm looking for jobs…
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Average spend expected by creditors per household
Hello. I'm currently paying off a few debts and am looking to submit a payment review to my creditors soon. Does anyone know where I can get information on what they would expect to see in terms of average spend for my household in 2024? Prices have changed and seem incredibly unstable in so many areas so I'm really not…
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Feeling helpless - mental health, redundancy, physical health
Please be kind. I can't categorise my thoughts very well as brain fog and anxiety. So I've tried to bullet point: * I've worked all my life, in professional role and have a mortgage with my husband. Two kids - teenager/nearly teenager * Two years ago I suddenly fell ill, was signed off on long term sick, told by NHS urgent…
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Credit card debts
Hello. I hope that I am asking in the right place? I am self employed and currently have approx £25,000.00 in credit card debs with 6 different cards. This all came about after my partner suffered an awful illness and neither of us could work for a long time. I have been making the payments ever since (6 years now) I have…
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It this Unenforceable
I have “recently” received a letter from PRA who I had been
studiously ignoring for some time, however I called them back and said I didn’t
recognise the debt and asked for details. They put it on hold until 17th of March and this
letter arrived... After the obligatory panic period it slowly dawned on me
that this may be…
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Looking for some advice how to proceed
Up until now I have had no issue paying my debts however I will admit i have been living beyond my means. I have came to the realisation that I need to change my life completely. However about six week ago I was involved in an accident in my van which was my fault. The van slid on black ice and I hit a car oncoming. I am a…
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Settling My DMP but worried as I took out additional debt without telling them
Hi I have recently received a large inheritance from my late father. I contacted Stepchange to pay off my DMP balance with a lump sum. The sum has been paid, and showing in my payments, but my balance remains the same. As this is a large-ish sum, they are asking for evidence of where the sums came from them, such as my…
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Husband's name used by son to guarantee a loan
Hello, looking for help please. A debt recovery company are chasing my husband for loan repayments totalling £15000. This was apparently a loan taken out by our son in which he used my husband's name as a guarantor. My son has not paid anything back and now we are being threatened with court proceedings. We have asked for…
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David Lloyd clubs and ARC Europe
Hi there, I came into financial difficulty at the end of March last year (2023). I worked as a contractor for a friend's company and it got ended early (i didn't enforce it since I didn't want to cause any detriment to my friend and his company). I was a member of David Lloyd Clubs since January 2023. And had rarely used…
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change bank account
Hi, i have cancelled all my direct debits in the hope of arranging repayment plans with my creditors. I know that its advised you should change bank account if you have any debt with your current bank. I only have a small amount of debt with them and had planned just to pay this off so i didnt need to change banks,…
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Still chasing me?
Evening all, Two years ago i got into debt with 118 118 money, i owed them £1790. They then sent my account to IMS debt recovery, i asked this company would tbey accepy a F&F they agreed to 50% stating that "Jefferson Capital would accept 50% (£895) i paid this. Last month i received an email from Resolvecall stating i…
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Lowell Portfolio County Court Judgement at Previous Address! Also not the creditor!
Hi All. I have only this month learned of a county court judgement which is showing on my ClearScore Credit file I have never dealt with Lowell and there is a county court judgement of £426. I called the court to find out the information. How can a third party take someone to court since they are not the creditor? On the…
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Pension and debt
Hello. Does anyone know if I'm allowed to make private contributions towards my pension plan if I am still paying off a large debt? At the moment I only have a workplace pension which isn't even close to enough for when I retire in about 20 years. Thank you :)
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Late Payments vs Default?
My wife has a loan that she’s fallen behind with and we are trying to work out the best way forward. Circumstances towards the end of last year caused her to fall 3 months behind on her repayments but as things have improved since, she’s now making her contractual payments again, plus a little extra to chip away at the…
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Partner come clean about credit card debt, I'm a novice.
First post here, appreciate any help in advance. My partner has come clean to having around £10,000 credit card debt, £2500 catalogue debt, £4000 left on a loan and every month hitting her £1800 overdraft limit. I completely accept her reasons for being in this position and want to help but I have no experience with credit…
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Debt Settlement and credit score
Hi. If I offer a full and final payment to my creditors and the accept; have the remaining debt written of, how long does this stay on my credit file?
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DRO Fee - Change in budget
Just been announced that the fee for obtaining a DRO is to be scrapped. Excellent news!
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Outstanding balance
Hi all, I am hoping I can get some advice please i received a letter from Lowell saying I owe T-Mobile 20.87 they say they will keep writing to me, calling or pass my details to a third party collection agency i I haven’t been in contact with T-Mobile since 2013 weren’t even sure about any outstanding balance Is it the…
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Drowning in debt
Hi, I have got myself into a nightmare of debt and I don't think I can pay my way out of it. The reasons for it are a combination of being self employed until last year, lack of money coming into the business and my own recklessness with probably a bit of depression to add. I ceased trading last year and now am employed,…
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Child Benefit paying back HMRC
Hi, In the 2024-2025 tax year HMRC have changed my tax code to recover the full child benefit amount which I claimed and filled in a self assessment for. I’m a single parent and was claiming for both children and was earning £65k. I always thought thresholds were wrong for a single parent but a couple could earn £49k each…