Debt-free wannabe

Discussion List

• Is Debt Management Plan the best way ?

  Hello All, Glad to meet you, at last some where I can maybe get a few answers from people who know and have been through ths situation. I have debt which has now got to the dizzy hight of about £22,000 I havebeen paying credit cards and store cards for years but not really getting anywhere with then as you never really do…

• 2nd job tax implications

  Hi I've been wrangling with debt for a while and have been considering a 2nd job. I need to be able to work out my tax to see if it is worth going for it. A friend said I will lose about £2 in every £20. But I need the absolute amounts for tax and NI. If someone has the formula or can point me in the right direction, I'd…

• Need advice please

  Hi I need some help on getting a credit report to find out how much I owe. The thing is I don't have a bank account, which is required by Experian and I don't know what to do next. I know I owe money, I ran up debts of about £3500 to £4000 between, NatWest, American Express, Orange and Telewest Broadband (this debt was…

• Please help.....

  Hi, I have just checked my credit report and a summary is below. Amount of unused credit £1050 Amount of credit £4,050 3 checks in last year Credit expert is showing payments as satisfactory but when i look back to my old orange phone contract it is saying there were 4 late payments when actually they told me to pay these…

• Help with shuffle of card aprs

  Hi I am trying to get a handle on my finances as I have 5 credit card with various aprs, I need some informed advice on how best to reshuffle to llow quicker repayments. ok cards are as follows Virgin balance 4600 0% for 16 months total card limit 5000 tesco balance 6300 16.9% card limit 9700 (no balance offer available at…

• Saturday/Sunday Chat - 19/20th June

  :j Hi all - have never started and thread before and hope that I am doing it right and hope that those regulars amongst you don't mind. DS3 didn't come into 6.30a.m. so I am not really with it. I can't settle when one of my brood is awol, so you can imagine I catnapped between 2.50 when I went up and when he came. Can't…

• Advice wanted on how to tackle debt

  Just recently i have noticed that i hardly have any money left towards the end of the month and i figured i really need to try and sort out my escalating debt levels and really work out my finances. I earn about £2100 per month after tax. The two things that are really killing me are the credit cards. One is with MArbles…

• Sat/Sun 19th/20th June - What small DFW things have you done today?

  When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…

• Dwp debt managment can not keep up payment help

  Hi All, I wondered if you could help or advised me, as i need to pay back approximate £12,064 back to DWP Debt Managament, i usually paid approximate £40 or sometimes £ 20 and this may not be regular. I do get reminder noticed if i do not make the payments. They usually send me the income/expenditure form and i fill it in…

• scottish trust deed

  Hi there looking for some advice as i feel iam getting nowhere with my trustee. Three years and six months ago i signed a trust deed with spectrum, which was then passed over to invocas in dundee.. January 2010 2nd i finnished the payments and have somehow been passed over to edinburgh and now im at glasgow:mad: So my…

• Taking control of a family member's finance

  Not too sure if this is the right place for this post, so apologies if I've got it wrong! I'll keep this as short as possible, but just to provide some background: I have a sister, in her late 30's, who has a track record of spending beyond her means, and amounting unmanageable debts accross credit cards and loans. In the…

• Help Struggling on DFW Abbreviations

  I know this will make me look totally stupid but I was told an old Chinese proverb He that asks the question looks stupid for 5 minutes, he who doesn't ask the question looks stupid for a life time So with that in mind can anybody please help me with some of the abbreviations that I keep seeing across the boards as Im not…

• Difference between DMP and IVA?

  Hi, I am new here. I was wondering if someone could explain to me if there is a difference between a debt management plan and an IVA, or they the same thing? Thanks

• Fed up with Santander re default notices and DCA

  DH's credit card with Santander is not a horrific debt, it's just under £2k. But this is the most recent tally of nonsense from Santander: - FIFTEEN letters from Santander in the space of 2 weeks, over the last week of March through first week of April of 2010. SEVEN of those letters were actually default notices, with…

• Best way to pay off DMP?

  Hello everybody! It hase been ages since I have been on this bored and life has been moving along quite fast in the mean time.I have decided that I have to pay off all this debt I have. Basically I have one yr left at uni and will be coming out with HUGE student debts so HAVE to pay of my DMP which is with the CCCS as I…

• Ignoring an unsecured due loan

  Morning Folks, My mum (stupidly) guaranteed a distance learnng course that my brother (stupidly) signed up to with Advent training to become an IT Engineer. The loan is now due and, partly due to my brother doing pretty much zilch over the last twelve months and Advent going bust in January of this year, there is nothing…

• CITI Finance continue to apply interest.

  Hope someone can help. I am on a DMP with CCCS and one of my creditors is Citi Cards Financial Europe part of the Citi Group. They have refused the offer CCCS have made to them. They have continued to apply interest and in the past 2 months the account has accrued £850 in interest and next month they have forecast another…

• Snowball

  I'm pleased with myself, I did the snowball calculator and it came out almost identical to my own '5 year plan' that I drew up. Only difference was the SafestyleUK payments, as I put them in as unable to overspend (you can only pay double the amount, no more AFAIK), but still, very similar results, so I must be working…

• Advice re insurance offered by Payplan

  Hi, My wife and I have been struggling with debt for years and we have finally admitted to ourselves that we can't go on like this any longer. We have debts totally about £60,000. After much research, discussion and advice sought, we decided to talk to Payplan. We spoke to them for the first time last week. They were very…

• Bad times trying to stay positive

  Hi guys 1st post so hello everyone. Ok 100 day challenge sounds good, although will not cure my debt problem. Total debts = £25,000 exacly.:eek::eek::eek::eek: These are 2 loans and 1 credit card. Sainsburys loan = £14,000 14.9% - 60 months repayment - 50 months left. Tesco loan = £5,000 7.8% - 26 months - 26 months remain…