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Which order to pay debt? Noob Moneysaver :-)
1st column amount owed Hi my first post. Decided to tackle my debt once and for all :o I have 3 credit cards, creditcard1 is on a 0.48% per month for life deal. I have £700 available credit on it. creditcard2 is a hcbc classic card, I think the interest is 14% per annum. I have £4000 available credit on it. creditcard3 is…
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Major Debt Problem
Hi we have been reading this forum for quite a while and finally decided to register and tell you our story. We have our own home which is probably where it all starts. I call this house our money pit (as in the film) too much to do and we wanted to do it all right away.Overspent (lovely house though) on credit cards, then…
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Benefits & Bankruptcy - Will they take money from the benefits?
Hi All I am trying to help my brother-in-law. Basically, he has a long term illness, never worked (and not ever likely to). He receives Incapacity Benefit, Income Support and Disability Living Allowance. He is in around £27000 of debt, getting real hassle from most of the creditors (even thought the CAB tried to help with…
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debt
I WAS ON YESTERDAY ABOUT MY DEBT,BEEN INTOUCH WITH LOAN COMPANY THEY DONT WANT TO KNOW,SO I WAS WONDERING CAN ANYBODY TELL ME WHAT A PAY PLAN IS AND WHAT HAPPENS WITH ONE AND HOW MUCH DOES IT COST,THANKS :confused:
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Hi - Am New & Nervous!
Hello there, I have been looking at mse for the last few weeks and wanted to finally say hello. I am 28 years old, and finally realised a few months ago that I could not keep spending the way I was and continue sleeping at nights. Thought I would do as suggested and note down my incoming and outgoing and current action I…
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my incomings and outgoings, any suggestions to help me please
My income £ 870 no children no husband Total £870 Also sell regular on ebay make around £100 a month, but it ain't guaranteed, also do extra duties at work Expenditure rent £205 Water £ 14.94 Council Tax £66 Electric £25 car insurance is £40 Home insurance £12 Telephone line rental £10.50 through BT Telephone calls £20…
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Bankrupcy fees if you don't go bankrupt
Anyone know who pays what? Let me explain. If a creditor petitions for bankruptcy they pay £300 (?) for the Receiver's up front fee and £160 (?) court fee. What happens if the debtor agrees a deal to pay the debt without going bankrupt? (Obviously a judge isn't going to go the bankruptcy route if a deal can be made) Is…
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Selling a debt
Hi new to the forum and after some advice!! I'm owed £5k by an ex customer of mine. I've served warrants etc, tried making him bankrupt( unfortunately couldn't afford to carry that through) now the courts have decided that he can pay me £100 per month.........1st payment due to me by 16th Dec 05....and guess what he's…
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The Income-Expenditure Gap
I was helping a relative with her budgets (ironic, I know when I can be as bad with money sometimes). What struck me was her lack of grasp that the income was so far below the expenditure for her family and also that she was unaware of this until the credit card limit was reached and the so-called "safety umbrella" was…
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Is there any way out if im on sickness benefit?
Through difficult circumstances I've got myself into alot of debt on average of 20k. Less than 4 years ago I didnt owe a penny. I've been ill for over 2 years so cant work. My bank recently let me have another loan so I paid off some credit cards but I've still got 1 owing £4500 and now 2 bank loans. If I was working I'd…
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Bit of advice please!
Hi, I need a bit of advice. I currently have a balance of 8k on my 2 credit cards (1 is 0% for 12 months). Circumstances mean my wife and I need to get on the ladder if possible asap. Ideally I would like to pay my debt off first but our situation means we need to find somewhere asap. Realistically Is it possible to get a…
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Help for single mum!
I'm a single mum, my ex-husband lives in California so is outside the CSA's jurisdiction and he stopped paying me child support last February due to financial difficulties. I have a full time job and a mortgage but because I am now owed £15,000 altogether in unpaid child support I am struggling with £13,000 of debt. I have…
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Is Payment protection worth it ? plse help !
I would really appreciate some help. I have 2 loans totalling £18506, one from Egg and one from Barclays. When I took these out last year I opted for full PPI on both. However, now looking at them I can see that PPI adds so much to the final amount ! With the egg loan, the amount I borrowed was £13506, but the PPI…
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DMP - New Bank account advice needed
I have just recently begun proceedings of entering into a DMP. The first thing that the CCCS told me to do was to get a new "Basic Bank Account" with a different bank (currently with Natwest), where my wages could be paid into. I am very wary of going into a different bank and trying to sort an account out due to my poor…
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Credit Card Question
If you approach a company because you are struggling with current repayments is there anything they will do? And will it affect your credit ratng?
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Advice needed
In Jan 2004 I made my last payment to a collection company and was debt free. I had paid off £9000 worth of debt after defaulting on a loan, credit card and overdraft, whilst young and in college. Due to unforseen circunstances I have since had to get a £7000 loan(after a relationship breakdown) and could only do this by…
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Can Anyone Set Me Straight???
Hi i have just been looking at the amount of loan ppi we pay each month for our loan and it's £95.50 so i phoned the bank to ask if we were able to cancel this with them and take it out elsewhere! i was told we only had 30 days to cancel so basically NO!! anyway i told her we were going to retake out our current loan with…
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Scared!
This is my first time, I feel completly sick and I'm hoping someone can try and point me in the right direction to deal with our problem. I need help in sorting out a £60k debt. My husband and I have approx 12 credit/store cards between us, and at present I'm having to draw funds on them to survive each month. There is…
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Life After Debt ?????
I have just contacted payplan and am waiting for them to call me back. I have\had a small retail shop thats overheads have over run any kind of profit that could have been made.I have reserved myself that I will lose the shop and hopefully avoid bankruptcy by way of iva's for the creditors. My concern at the moment is that…
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wheres the cheapest to go to get loan PPI?
I was just wondering where the cheapest place would be to get PPI cover for a 24.000 loan? We are currently paying £95.50 per month!!
