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Letter of Claim
I received a letter of claim, which I responded to in the correct time frame. I disputed the amount owed, sent in documents to support my dispute and gave them a proposed payment schedule in which I would be paying back only the money I owed. I asked for them to write back either agreeing to this, or with proof I owe the…
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PRA CCA request - statements received??
Hi I have posted previously about a CCA request I sent to PRA a couple of months ago. I have since received correspondence from them stating that due to the age of the account, the documents cannot be obtained from the original creditor and the debt is unenforceable. About a week later I have received another letter from…
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Worried Parent
My son got a credit card and didn't pay the debt. It was transferred to Intrum 2/3 years ago maybe more. They sent letters to settle but nothing else. He now wants a mortgage but finally has realised that this debt won't help and has asked for help from me to clear the debt which is around £2500. Before I make contact with…
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Full & Final Settlement Advice Please
Hello all, Im looking for some advice on offering a !!!!!!. I'm currently in a DMP with Stepchange. I recently inherited a lump sum which I want to use for a !!!!!!. The largest debts are managed by PRA Group and total £9000. I have asked for CCAs from the creditors and they have not been supplied. They sent generic ones…
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New bank account?
Hi all, I am in the process of setting up a debt management plan with step change. I read that it’s wise to open a new bank account for bills and my pay to go into. Is this only if you are in you are in an overdraft which is included in the DMP? Or do I need to do it even if I am not? Trying to avoid having to change all…
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New SOA
Following my last post on dealing with PRA I was advised to post an updated SOA so here it is Mortgage = £193.86 Rent = £251.35 Council Tax = £145.00 ( single occupancy applied) Water =£49.50 ( will go down now as I am now on my own on a water meter EDF = £165.00 Virgin = £30 ( recent new deal from when my DD was living…
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Defaults
My last default was December 2022...does that mean all my defaults will be removed from my file 6 years later, i.e December 2028? Or how does it work?
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Mortgage Overpayment Vs Savings?
Hi All. Im in a predicament, although its a good one, but I need help working out which is financially the better option. Im 37, have 3 kids, no credit cards, no other debt, no finance, no phone contracts etc. and im generally quite sensible with money. I currently have a £210,500 mortgage on a ~£500K house with HSBC (~42%…
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DMP so far
I made a post in Nov that I was planning to start DMP, and stopped payments same month. Most defaults are now in and so far have made 3 offers to wescot who have accepted a regular payment plan. I have not started an official DMP with a specialized company. Is it wise to or carry on self managing? I've Cabot contacting Me…
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Starting to miss payments
Hi , morning all Wish I could have come up with a catchier discussion title but my heads scrambled. After a long long struggle with debt I am now getting letters about persistent debt from my two big credit cards. The recent interest increase has made it worse. So to cut a long story short, I've done the online stuff with…
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Assignment following CCJ
I have had a CCJ for three years. Following Judgement I agreed with the claimant to pay an amount monthly by standing order and I have done so ever since thus reducing the balance, albeit by a relatively small amount. A new Debt Collector has contacted me to say that the account has been assigned to them and they are…
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Cabot 2nd charge on property
I have a 2nd charge on my property which I was not aware of. I’m currently going through a remortgage and the only thing outstanding is finding information about this, its on the land registry dated 11 August 2015 with a court reference but it doesn’t show the amount. My solicitor has been in contact with Cabot and is…
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Question regarding Intrum
Hi there, A few months ago, I wrote to a company called Intrum about payments they requested from me for a historic loan from Tesco. It dates back to 20 July 2012. The loan was passed from pillar to post, eventually landing with Intrum around November last year. I wrote to them asking for a copy of the Signed Loan…
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Should I default on my debts?
Hi I would really appreciate some advice. I am 59 and owe £35,000 across 3 credit cards and am repaying £850 per month. (Virgin, Barclaycard and John Lewis - the old one, I didn't order the new one so that account is closed.) I am trying not to spend on the remaining 2 but want to clear them. I am planning to retire next…
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Overdraft transfer from Santander to Lloyds: what are my chances of approval?
I have an arranged overdraft limit of -£2000 in my Santander Everyday Current Account. This is a hangover from the overdraft I was given while studying and on a 1-2-3 account (which has since reverted to Everyday). My average balance at the moment is around -£1800. I am making good progress to get out of this hole, with a…
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Owning up to debt
So today I'm having to pluck up the courage to tell my husband about my debt problems. I thought I had them sorted but my interest free period for my credit card has expired and iv been hit woth a bigger bill. Iv started working more hours and weekends to get in top of it all and I now feel like it's all come crashing…
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£950 fine out of the blue
I had a visit from Martsons Recovery today saying that I owed £950 for driving without a licence. I was baffled as I have a license so I showed her it and she went away. I rang a central courts number and they said it was for an untaxed vehicle, not driving without a licence. I bought a car last year and didn't SORN it, it…
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Dealing with PRA Group
I'm currently on year 5 of a DMP with Stepchange paying £90 a month and not due to finish until 2034🙀🙀 all my debts are now with PRA and are defaulted. I am now struggling massively to pay the £90 because I've had to reduce my hours at work due to ill health and all my bills have gone through the roof. I contacted SC two…
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caravan ownership
Purchased a caravan in 2017 in my name (have the bill of sale though it was paid for by both of us and proceeds of the previous caravan) and along with my partner we paid for servicing and insurance etc though it was all in my name. She unexpectedly passed away and her son is taking legal action to take control of the…
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Facing up to the issue
Hi all, I have £10000 worth of debt. I can’t afford the repayments. I have been online with step change and they have recommended a debt management plan. I have read on here it’s better to wait until I am behind on payments before setting up the DMP? Can someone explain why that is? I just want to get this sorted as soon…