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Setting up DMP
Dear All, I am in serious debt of around £40k for CC and unsecured loan and struggling to pay, I tried the StepChange budget and it is showing I cay pay around £200 a month, so it will take more then 10 years to clear, I have few questions which I believe I can get better answers here then from SC, * I read here I should…
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Historic Debt pre 2006 'statute barred'
Hello there, I have come home from work today to a letter, which contained 2 letters. 1 from a company called Intrum and the other called Resolvecall. Now I have never heard from either of these companies. On opening this letter it regarding a Debt for £4643.21 regarding a Halifax account, no account number just a…
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Seeking advice for my disastrous debt
I started a thread elsewhere on MSE and somebody recommended I come and post on here for advice. In short, I have c£60k in credit cards and loan debt - I know, it's a lot. This is personal debt that I've accrued through what I've realised is a trading addiction (if anyone can recommend a charity who can help with this kind…
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Old debt
Hi. I have just recieved a letter from Resolvecall claiming I owe money to a bank. 22 years ago i moved to Canada but didnt close my bank account in the uk. I fell on hard times and remembered I had an overdraft on my uk bank. I cant remember how much I think about £300. I withdrew the money because I was desperate always…
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Huge Debts, Looking to consolidate
Hello, I’ve posted
here before about a few different things and have found it helpful so find
myself here again. Over the
last 3-4 years, I’ve been extremely pinned down by a gambling addiction I
couldn’t shake for years. I’ve been clean for a few months now – which is a
story in itself. But the
aftermath is obviously very…
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Request for Credit agreement.
I have three Barclaycard debts at arount £20000 combined, that I defaulted on in 2013 and they are now with Link finance, and have been for a number of years. For most of that time I've been paying £1 per month off each card. It's come to my attention recently that I can request the Credit agreement and a full breakdown of…
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PRA help
I have a CC debt which unfortunately due to circumstances I am unable to pay. I had to stop working in order to care for my disabled son, so on UC and carers. The debt is pre 2008. I requested a CCA however part of what PRA sent me is historical terms and conditions which are very hard to make out, you basically need to…
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LCS Scottish Power debt letter
Hi 👋 I have been looking for advice but haven't found a relatable discussion so far - so here I am! I got a letter from LCS today about a £1700 debt between 2018 and 2021 from Scottish Power that LCS have recently purchased. The letter was address to me at my current address and quoted my old landlords address (without…
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HP car loan
Help!!! I have taken out HP agreements on my last three cars and have been able to return them at the half way point with no further payments to make. My most recent car was purchased this way and over Christmas I had to spend over £2000 in repairs as the car was getting older and had a couple of big problems. I was 40…
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Intrum/Resolvecall chasing 2005 MBNA debt - Please help...
On Saturday morning (6/4/24) I received two letters - one from Intrum saying they were passing a 2005 credit card debt with MBNA to Resolvecall who would be contacting me to arrange a visit at my house. Resolvecall letter confirmed this, no date set as yet but stated I had to contact them with 7 days of date of letter…
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Cabot minimum payments
Morning all Self managing my dmp . One of my cc debts was sold to Cabot. The amount outstanding on the card was/is a relatively small £750. But added to all the other debts ... I couldn't afford it . Anyway when I last met minimum payments on that card ( may last year) the min was £25The bank stopped interest immediately…
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Personal guarantor for Ltd co - advice needed
Background: I set up a UK ltd co many years ago with a partner. We had a biz bank account which we both signed up to act as personal guarantors. I resigned as director in 2012 and lost contact with my old partner a few years back. I also emigrated from the UK in 2018. Fast forward to a few weeks ago, I received some…
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Settlement strategy
I am in a fortunate position to be able to settle my remaining debts, i am still in my StepChange DMP but through an amended budget only start the payments again in July giving me time to negotiate with the creditors. StepChange sent me an email confirming they can negotiate on my behalf and that if i come off the DMP…
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Unaffordable Lending - Autism - FOS
Hello, I hope you are well. (I sometimes struggle to right coherently so I have broken my questions up into smaller questions I hope that is okay) I have autism, and generally struggle to manage my finances, due to my disability I am unable to earn a lot of money (around 22k/year). 2 years ago I signed up for a credit…
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What steps should I take?
Hello, I have about £40,000 in debt and I have been chasing my own tail down this debt spiral for 10 years, with it building up and up. I have never missed a payment in all of those 10 years and have done everything I can to keep on top of things. However, some of my cards are coming out of their interest-free periods…
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Mortgage after DMP
Hi everyone, Could anyone give me some advice please surrounding mortgages? My partner and I are presently in DMP Agreements. They have been running for around 4 years each and have a fairly small balance left. We now have funds available to us to clear them and have been exploring options for settlements/awaiting docs…
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Virgin Money debt sold but no default?
Hi all, Self managed DMP, slowly getting all the defaults… Received a letter today that advises Virgin have sold my cc debt to capquest. I received a default notice back in January from Virgin, but the actual default has not appeared on any of my credit reports yet, nor any confirmation the account has defaulted. However…
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Link Financial Settlement Offer
I'm hoping someone can assist me with this matter. I recently contacted Link Financial to propose a partial settlement of £300. They responded with the following message: I have the following questions / concerns: 1) Concerning the language used in their letter, is there a chance they might pursue me for the remaining…
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Best option clear debt and pay least intrest
I have a buy to rent flat on morgatge. Od limit 2000 remaining left 146, may need to spend £40 before I get paid getting charged 1.58 per a day intrest. Credit card 534.31 use to pay full just chnage this now to minimum Paid salary on 20th April Salary after tax £1256 Outgoing pay 550 ground rent etc ( first time as I only…
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Please help debt, death and depression :(
Hello, Been on this forums before and back again to try
again. Brief situation as otherwise could turn into an essay. So am married (technically only on paper really!) with a small child of nearly
3. Not working due to said small child. I live with my husband who
in theory should pay most of the bills but money has become…