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Debt-free wannabe

Archives for September 2009

Creditors ingnoring letters
Hi While sorting myself out, I sent letters off at the end of August to all my creditors explaining my situation and offering token payments for three months. I made the first of these token payments through on-line banking on 29 August. Not heard anything from them at all regarding token payments But I've received letters…
Loan paid off!
Hi guys, I know I'm in a better position than a lot of DFW's on this board, but I just needed to tell someone! I've just made a lump sum payment to finally clear my £10,000 (flexible) loan that I've had hanging over me for almost 10 years! Considering that roughly this time last year I made the decision to clear my debts…
Overdraft
I currently have an overdraft of £4500 which is always used. What is the best way to get rid of this?
Credit File Confusion....
Argh!!! I'm having a few problems, well more of a mad moment, with my credit reports! I thought it would be easier to start a new thread, than to add to my existing one, else it would get a little confusing to follow (or maybe that's just me!). Anyway...in my bid to clear my debts, I registered on "Checkmyfile.com" and got…
Unemployed and in debt - advice needed!!
Hi Guys, I lost my job about 5 months ago after working in IT. I have a good degree etc and many years experience, although after applying for around 300 jobs I still have had no success. I currently have debts totally 11,000 and a car which is on finance through the Santander group. Whilst working I had a Debt Management…
Interest only on mortgage.
At the moment I am paying repayment and interest on my mortgage. How do I go about changing this to interest only? I am struggling to pay off my debt and wonder how much I could save and if it would be possible to pay it this way. Any advice would be most appeciated. Thanks
Really Upset
Just had a call from a debt collector about a debt i thought i had set up repayments on, according to them i had made a one time payment and was supposed to call them back every month to make a payment, what i thought i was told at the time was i had made the first of many to come monthly payments and that they would be…
DCA - What should I do?
Hello everyone, I'm just after a bit of advise please. I had a credit card with Capital One who due to non payment have passed the debt over to a DCA (Cap Quest). They wrote to me initially telling me they now had my debt and they have sent a few letters since I also had a couple from their solicitors. I have wrote to them…
Which Snowball Calculator do you use?
As a matter of interest, which Snowball calculator do you use? http://www.whatsthecost.com/snowball.aspx or http://www.makesenseofcards.com/snowcalc.html or neither
Small glitch in SOA Calculator - now fixed
I have just fixed a small glitch in the SOA Calculator which was pointed out to me last week. The only users it would have had an impact on were those who had HP Debts on their SOA. For all other users, the SOA should have been 100% accurate. For those with HP Debts everything was calculated correctly except "Net Assets"…
rate jacked...ADVICE PLEASE.
Ive just been reading the very interesting article Reject credit card rate hikes and it states that under the "The December 2008, UK Payments Administration statement of principles on repricing...You can close the account and repay at current rates "These will always include the option to close the account and repay the…
Hello again. Slighty worried and in need advice......again
Hoping one (or more) of you kind souls can offer me some advice. Got home from work today and had a letter from Restons solicitors. Basically they are acting on behalf of HFC who i have been paying through my DMP with CCCS since Nov 07. They state that £26 a month will take 7 years to pay off and is unacceptable to their…
Snowballing calculator
Hi all I've been lurking around on this site for months but have made minimum posts.... i had started to get my debt under control but fear that its now about to spiral again :mad: Just been looking at the snowball calculator (am fascinated!). But just wondering if anyone has used the snowballing method to pay off their…
Help Pls! Council Tax Liability Order
I've received a council tax liability order in the post today dated with the date of sending as Friday. I've had no previous summons or court paperwork which our council website states they will send - is this right? We were aware of the arrears and had submitted our CCCS budget to them last week with an offer of payment,…
What If You Dont Pay Your Creditors
Please no nasty comments as am only asking a question Lets say that a person who lives with their parents and is on sick pay not getting much and is owed several different banks money and now the debt claim groups have each account and this person has to pay each 1 a certain amount each month. But they are only willing to…
banks need to be brought to book
Hi all i have today emailed this letter to my meps in despair in the hope they may take a second look at banks , am i dreaming ?. we can all do this by emailing our meps: Wednesday 30 September 2009 Dear Mike Nattrass, Michael Cashman, Philip Bradbourn OBE, Nicole Sinclaire, Liz Lynne and Malcolm Harbour, Hello to all ,i…
bit of information for you.....
having been harassed all day by calls from fredrickson i snapped and sorry to saw was quite harsh with the caller a few minutes ago....i asked him how come even though i have sent numerous letters saying this debt is unenforcable and has been for over 8 months now did they still harass me? i said also how come you calling…
My Friend's SOA - Help me get through to him...
Hi All, I need your help. My friend is not yet in serious trouble, but he's struggling month to month. I don't think he understands how to budget and has been down the consolidation route more than once. He separated last year and is now living in a 2 bed flat, having his children stay every other weekend. The other…
Not much responce to CCA requests for old debts
Hi, I have sent 8 requests for CCA's to 6 DCA's concerning some old debts some going back 10 years. Up to now I have had 3 letters saying they do not have them, and would be asking OC for the information. Now what would happen if they sell them on to another DCA like one has allready done who deny any knowledge of my CCA…
Telling family/friends about your debt
Hello, I was just wondering if you have told your family or friends about your debts in the hope that they can help you financially and emotionally. I am at the stage now where I feel I have to come clean and unburden myself on them. I just feel so ashamed and stupid. My family are going to be so shocked when I admit how…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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