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Business loan secured on my property ... early settlement??
Hi all, My business is coming to a close. I have a vehicle which is on Hire Purchase. I have made 40 out of 60 payments at £160. Is it possible to hand the vehicle over and the agreement ends given the amount paid? I also have a loan with LTSB for £10k. Although a business loan it is secured on my property. I have made 42…
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Help somebody
I called hfc regarding 3 accounts , they said it would be best if i offered over the phone a reduced final settlement, i know this is wrong it should be in writing. Im thinkn if i negotiate for something that suits me and i get them to send me this in writing that would be a good thing ? If that doesnt work should i revert…
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Help Please
Hi, This is my first time on here and I really need help & advice please. I am £10k in debt and I have no idea what to do. I can't tell anyone bout this as my parents will disown me as they don't believe in borrowing & credit cards etc and I daren't tell my boyfriend as I fear he will break up with me. I dread the phone…
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PayPlan
Hi, I am new to this and not sure if anyone can give me any advice or experience with Payplan. I have had to go this route for obvious reasons and di so last July 08, I have been paying what I can which has al gone through Payplan, but I continue to get harassing letters from cerditors. Is this always going to happen, does…
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I have decided to be honest with myself new SOA
Hi there I have just looked through all my financial affairs again and i have included OH just to see the real story of what is going on in this household!! I have included a new SOA for any hints and tips. I will answer all questions. Thank you in advance [tt]Statement of Affairs and Personal Balance Sheet Household…
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any advice gratefullly accepted!!!
Hi. I'm new to all this, so please be gentle with me. Was recommended this site by a lady at citizens advice.....probably the best advice she gave me. Said to post a statement of affairs and let it be picked over by lots of informed and experienced people on here. I am a self employed landscaper and do not expect the…
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Advice on large Unsecured Debt
Hi All, I would appreciate any tips or advice anyone could give me as I have £14K of unsecured debt on credit cards with 5 different lenders. Although I am paying back between £400-£500 per month, I am on no interest free deals and I do not appear to be paying off any of the real debt after interest payments. If you have…
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Anyone have any experience of 1st credit (address is Reigate)
Hi there Been in our DMP since April 08 and MBNA have finally sold our debt onto a company called 1st credit, they have been calling us and leaving automated messages and we had a letter from them to say the debt is now with them. They have asked that we contact them so I have sent an email confirming that we had recieved…
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Advice needed please
Hi everyone, this is my first post but I have been following these boards for a while now. My boyfriend is currently in debt of around £20,000 and he is with a debt management company to help him clear this. However, he is only able to afford £90 a month towards this so it will take a very long time to clear. He looked…
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Advice please
Almost two years ago I spilt up with my ex she stayed in the house owed by both of us shortly after she moved her new boyfriend in. When we were together we both worked and could both easierly afford the Mortgage and loans. She gave her job up and she and her boyfriend expected me to pay the lot for them to live there for…
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grrr I need a rant!!
Apologies in advance if I offend anyone, its really not my intention, just need to have a rant and if I say it to hubby it will cause a major row!!! My sister in law & her other half were made BR in December, in that time they have managed to build up £500 of savings (in cash under the mattress), booked them selves a…
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Help - credit report not showing debts
Hi all, I am wondering if someone can help me. between 1997 and 2001 i ran up an awful lot of debts (about £15,000) including student loans. I thaught i would take courage and look at my credit report tonight and try to pay them off following Martin's advice about paying off debt first then saving - having learnt so much…
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cccs concern
Hi, although I have heard may positive things about CCCS, i decided not to go with them as when they said they would call me to have an initial talk, they didnt! I had scheduled to call me at 8.30 in the morning, so I even had a few hours off work, but nothing happened. When I did call them, they said there had been a…
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Ccj
Not sure where to post this, so thought i would start here. In 2004 i had a CCJ for a small amount (£280) from Capital one, which was paid within a month (maybe a little longer) of the CCJ. It was really silly, and wish i had sorted it at the time, but anyway..... I am hoping to buy a house next year, obviously the CCJ…
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Ways to Make Money Online
Hi Everyone! I've seen a lot of threads where people mention the odd website here and there - but I would interested in finding out if there are any others. For me, every penny helps towards becoming Debt-Free, and my friends have now gotten used to watching where I'm going for me whilst I scan the pavement for stray…
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credit card debts
Hi, I am finally taking my debt in hand and sending a letter and statement of affairs to my creditors asking them to waver the interest i have worked out a budget with each credit card which remains the minimum payment (i am currently paying around £10 off once the interest is applied each month and i am very close to my…
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Dmp Help Please
hi i am thinking about a debt management plan i have many debts with different creditors and was wondering wether when working out my monthly budget if they will take into account my commission. i have a basic salary and my monthly commission does vary so how would they work out a monthly income for myself.
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Newbie says Hi and alittle advice please
Hi, Am new to the site although have been lurking reading alot of posts. I unfortunately have found myself in a huge debt problem over (250k including inland revenue debt, residual mortgage debt) since 2003 following break up of my 1st marriage and mental health problems (I'm Bi Polar 1 i.e. an acute manic depressive),…
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anready paying debt to X, Y now chasing me...
Hi, I've been paying a debt collector for a credit car d debt for around 2 years, always on time, suddenly two weeks ago another debt collector, Capquest send me a letter demanding full payment, never dealt with them before. Sent a letter back to Capquest saying already in debt management plan with company Y, they ignored…
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Whats the best solution
I have nearly £40,000 in loans, overdraft and credit cards. A company want to put a debt managment plan or IVA in place. I really am scared what this will mean for the future. Any advice???
