-
Santander - missing payment instead of default
Hi All, I started my DMP in 2017 with a total of £26.5k, and am now 18 months from finishing paying this off. Back in 2017/2018 all bar 1 of the lenders defaulted my accounts, so this year and next will see them drop off my credit record. The exception to this was Santander Credit Card who instead has posted a missing…
-
Pay off loan or 0%..
Hi. It's been a while since I've posted, but again I find myself back here. We moved house last year and managed to have £26k leftover from our sale, of which we paid £11k off a loan and became debt free. Unfortunately, the house required some amendments- bathroom suite was disgusting and so this was replaced, new kitchen,…
-
Home at risk ?
Hello, and thanks for reading. My wife of 8 years and I own our property outright, as Joint tennants. She has a joint mortgage with her ex husband on another property, which is likely to go into default if it cannot be sold in time/for the amount oustanding on it. Is our current house at risk for any debt she might have…
-
Not sure if a DMP is right for me?
I have 2 credit cards (Vanquis and Fluid) both have insanely high interest rates and are just becoming overwhelming as I struggle to exceed the minimum payments, I end up paying £100 to each and being charged 50-60 in interest makes it feel like a never ending mountain to climb. My partner is on a DMP and mentioned his…
-
DMP Advice
Hi all, I've been reading through loads on posts on here this morning so was inspired to post myself. I've got a DMP with StepChange, having cleared about £19k of debt with a previous DMP a few years ago (and then almost immediately, stupidly, getting myself straight back into debt, lesson to be learned for next time I…
-
CCJ 5yr to 6yr rule
Hin I had a CCJ issued when it was still in the 5yr rule period i.e. came off your credit file after 5yrs. Is this going to stay the same and get removed in 6 months or is it going to stay on my credit file for a further year? It was paid off 2yrs ago. Many thanks
-
The effects of Utilities Late Payments on Credit Report
I'll try and keep this brief... A few years ago, I lost my job which resulted in being unable to pay credit cards/catalogs/etc so ended up with a very poor credit history (late payments on mortgage, multiple defaults, and multiple ccjs). Over the past 2 years I have been working really hard to improve my credit report,…
-
Debt Free
Hi I wrote my CCA request and currently 2 debts are being held as unenforceable. 2 Tesco credit agreements provided but PRA won’t budge on settlement figures. Today pRA sent me a generic credit agreement as proof of my debt stating it is for my account . Is this acceptable? Enforceable debt ? Any help appreciated thanks
-
Focus on student loan?
Hello, posting here to soundboard/get some viewpoints. Current situation: - No CC debt - Currently able to put away an extra 500 a month (plan for next 10 months is to build a 3k pot as a month's buffer, and a 2k holiday fund (already have 500 here)) - this will take me to my end of March pay (end of tax year) - I'm self…
-
Complaint letter to financial ombudsman
Hi all, I've reached the point of making a complaint to the financial ombudsman with regards to Lowell & Overdales Solicitors ref an account they have in my name. I've made complaints to both (weeks ago tomorrow) stating that the account they have in my name is fraudulent & that Capital One have also confirmed this, but I…
-
Being Debt Free
So I am pleased that I am debt free after a solid ten months of having problem debt hanging over me, which has impacted my life in a negative way. While it does not feel like a massive weight has been lifted off my shoulders, I am just glad that am no longer paying anymore debt to no more companies. Much of which has been…
-
PayPal negative balance and Moorcroft
I was wondering if someone can advice me regarding the incident below or if someone has had a similar experience. Earlier in the year I was using PayPal to top up balance in my forex trading account. I was unaware that I had a trade running which was in drawdown and used Paypal to top up my trading account. When I checked…
-
My options to becoming debt free? - please help
Hi, I have around £32,000 of debt under my name, I have taken a 30 day break currently from paying the cards off while I am looking at debt support. Whilst being under so much stress I am really finding it hard to take it all in. Please can someone explain my options? I will be going back into employment again now being…
-
Dmps and child savings
Hi there, newbie here. I'm looking to enter a DMP due to debt problems. The worry is I have a junior isa set up for my child in the same bank I owe a debt to. Is it possible for that bank to chase the money owed through that isa?
-
47 years old, part time salary and £50k debt. How does one get out of this situation?
Hello everyone, I am seeking assistance for my brother's financial situation, and I would greatly appreciate your input. He is 47 years old, has two children, lives in rented accommodation, and is burdened with nearly £50k in debt. Currently, he works part-time and earns around £1,200 per month, in addition to receiving…
-
Template to request default removal
Hello, I have spoken to a couple of people who have said that I should be able to get some defaults removed from my credit file. The defaults are from credit cards where the creditors agreed to write off my balance on the grounds of my mental health. I would like to see if they would also remove the defaults or if not back…
-
IVA or Bankcrupcy
Good morning, I am new to this forum and scared to post but need some urgent advice. I have got myself into debt over the last few months, from gambling that I cannot afford to pay off and it is smoothering me, causing me mental health problems etc. I have roughly £45k circa debt and was looking at Bankcrupcy as the best…
-
Debt... incoming
Hi everyone - I'm new here, so please go easy on me! Myself and my husband aren't in significant debt (yet) - £1100 we owe to my parents - but we can see some future finance issues that I wouldn't mind a bit of advice on how to deal with before they become a major problem. Background, I live with my husband and young baby.…
-
Rent Debt Advice
Going to take some typing this.... My Daughter and her Ex boyfriend started to rent a property back in Jan 2021 Sadly the relationship broke down in March 2021 due to Domestic Violence, Police and Hospital were involved. Unfortunately, the contact was for 12 months on the lease and Dual signed. She let the landlord know…
-
Nhs pay on universal credit
I’m about to get a lump sum payment from the nhs is June but I get universal credits, is it best to have the full lump sum or have it in smaller instalments?