Struggling with debt? Ask a debt adviser a question

Hi,

Thanks for your message and welcome to the forum.

I’m sorry to hear you’ve been experiencing such difficulties these last few years. Relationship breakdowns are never easy and I can imagine being left with debt will have made the situation even harder for you.

I want to reassure you that there is hope and there is always a way to deal with debt, we just need to help find the right solution for you. I would recommend you get in contact with us so that we can provide you with free help and advice which is tailored to your individual circumstances.

If you don’t feel up to speaking to someone over the phone at this point, we also have a Debt Remedy tool where you can enter your details online and you will receive advice in the form of a personal action plan.

I know debt can have a very detrimental effect on your wellbeing and I would strongly encourage you to speak to someone about your mental health. I would suggest speaking to your GP if possible but organisations such as the Samaritans can also be a great source of help and support.

I can see you are new to the forum so I would also recommend having a read through other posts on the debt free wannabe board. There will be other people experiencing similar difficulties and it can be very encouraging to see there is hope out there and you can read about how people do manage to move forward.

All the best and we hope to hear from you soon.

Kirsty

Sandytoes123 wrote: »

Before my ex left me and two small children he snd the bank persiaded me to consolidate debts into one loan credit cards and over draft of joint accounts). Now i wm left with a ton of debt in my name (he didnt qualify not living in the uk long enough) and he has gone back to australia, this is getting for 5 years ago split and 3 1/2 years hes been back in Australia.

It is a huge stress and worry being left witb these debts. Arround £10,000 on loan and 3,500 credit card.

I am only paying off minimal fees as all i can afford and CAB helped initially to get payment plans in place.

Is there any hope for me?? My mental health and quality of life suffers everyday with this huge burden.

Many thanks

Have a 2500 overdraft on my account to cover all my family expenses im 100 of the limit now and the bank is charging me 40 every month for the pleasure of being overdrawn, ive been looking to transfer my overdraft to a credit card but my credit limit cant be as good as i thought as i looked at the virgin credit card but they cant give me one and refered me to capital one would the payments be just a smuch with them though if i transfer my overdraft to it? really confused and need someones help please worried sick all are familys money go in my bank taz credits and child tax credits and my partners income but we can never seem to get out of the red what are we best of doing getting a loan transfering banks we with natwest at mo, or transfering to credit card? we are both working and my partner does not have good credit rating this account isn't a joint account

Hi Sarah,

Thanks for you post.

I can’t advise if the charges on the Capital One credit card would be more or less than those charged on the overdraft. As a general principle we do not recommend taking further credit to pay existing credit as that can often result in a credit spiral and the situation can become much worse. If you’re looking for information on 0% interest cards I would recommend the main MSE site.

I think the important part to work out is why you’re overdrawn. For example, is it due to difficulties with budgeting or is there a difficulty paying the debt? If it is the latter, moving the debt will not help because the debt will still exist and will still need to be repaid.

My best advice is for you to put a budget together with us so we can help you identify what is causing the difficulties and what the best way might be to resolve them. If you use our online Debt Remedy tool, you can enter details of your income, expenditure and any creditors you have including the overdraft. We can then give you advice in the form of a personal action plan. We also have debt advisors available if you get stuck using the tool.

We hope to hear from you soon.

Kirsty

sarahjon2017 wrote: »

Have a 2500 overdraft on my account to cover all my family expenses im 100 of the limit now and the bank is charging me 40 every month for the pleasure of being overdrawn, ive been looking to transfer my overdraft to a credit card but my credit limit cant be as good as i thought as i looked at the virgin credit card but they cant give me one and refered me to capital one would the payments be just a smuch with them though if i transfer my overdraft to it? really confused and need someones help please worried sick all are familys money go in my bank taz credits and child tax credits and my partners income but we can never seem to get out of the red what are we best of doing getting a loan transfering banks we with natwest at mo, or transfering to credit card? we are both working and my partner does not have good credit rating this account isn't a joint account

Hi, I have searched the web high and low and I can't find the answer to my worries.

Back in 2011 I had a contract with three. The phone couldn't get signal in my property, three tried giving me a booster to plug into the wifi but still that failed. So I tried to cancel my contact as I was only having half a service. But three carried on charging. So I cancelled the DD and wiped it from my brain.

Well because it was coming up to the 6 years of the default being there Lowell solicitors tried getting a ccj. I filled out the forms for the court explaining that I tried to cancel the contract etc. And that there is a default of £93 but Lowell want me to pay £745 and that I would be willing to pay the original default balance but not all the extra charges.

I didn't hear anything for quite a few weeks and now I've just had a letter from Lowell saying that there is a notice of discontinuance.. does this mean that just the ccj has stopped or the debt? As Lowell are still asking for the £745. It's so confusing I don't know what I'm meant to do?

Any help will be greatly appreciated

AH