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Debt-free wannabe

Archives for February 2011

mortgage and unsecured loans ?
hi all,what can a lender do to me if i stop paying an unsecured loan, i cant seem to find a definitive answer,some posts suggest the lenders can do absolutely nothing due to the fact that the loan or c/card in question is unsecured against my home,afterall whats the point of unsecured v secured if they can still force me…
Yet another Cap Quest plea for advice
Dear all, Like many others, I’m having a problem with Cap Quest Debt Recovery. I found this forum through Google and it seems to be a great source of enlightement. I was wondering if anyone could shed some light on my current predicament? Here’s the story so far: 1.On 9th Feb 2011 I received a phone call at home from CQ…
Help please - credit card advice
Hi All, This is my first post, although I've been lurking for a while. I'm trying to get to grips with my debt and in the process of trying to cut down my bills and work out a proper budget etc. I haven't got my soa sorted at the minute, but was hoping I might be able to get a bit of advice about my credit cards. I've got…
What is my legal status?
I would appreciate some advice. Last June, I was unable to make the minimum payments (over a thousand a month). I defaulted on 35K of debt. I have been in California since then - I got married at Niagara Falls to my true love, whom I had met July 4th 2009. This is a marriage of love, not arrangement. My long-suffering…
March Work Lunches Challenge!
Greetings all, welcome to the work lunches challenge! I have a rather expensive month - with a wedding and weekend in Scotland and a visit from my dad. So I need to save all I can on lunches. If you want to set a goal, please put it down in big, nice letters that I can see!! Hope everyone has a great March! Blimey this…
Help with debt!!
Hi, over the past 6 months i've been very silly with money! I have amassed around £2000 in pay day loans from different company's over the past 6 months as with all pay day loans this need's to be paid at the end of the month. i've got to the stage that all i can afford to do is deffer the loans but when deffering the…
Please help I need urgent advice!!!!!! Scotcall!!!
Hey there, any advice with this matter would be really help! THis evening when I sat down with my family to eat dinner, at around 7ish a woman came and chapped my door my partner went to the door and answered it. The woman asked for me and partner taken aback said I wasn't in. I was given a little brown envelope says…
Credit report...
Hi all, Just having another scan through my credit report on Equifax and notice that although all my credit agreement that were included in my DMP are showing as 'settled' with £0 in each box, one of them has a balance showing under the "Default / Delinquent Balance" Also, there's an o2 account of an ex's opened in my name…
Attachment of Earnings Order
Basically, an ex owes me money (in excess of £1000) so I took him to court. He offered to pay £50 p.m. which the court upped to £100 p.m. (on my objection) and a CCJ was issued. He made one payment then stopped so I have applied for an AOE. He has (finally) filled in another statement of means, and has now gained a…
Advice on dealing with C-A-R-S
I recieved a letter from Creditlink Account Recovery Solutions Ltd a couple of weeks ago regarding a debt on a Monument visa card. As far as I was aware, I was dealing with another agency in relation to this specific debt - and I contacted CARS and told them I was a little confused, as as far as I was aware the debt was…
Full & Final Settlement - HELP!
Hello, I'm currently managing some outstanding debts, 1 of which is for a Halifax Credit Card. Wescot are pursuing the debt on Halifax's behalf and I have a formal arrangement to pay £20 per month with a current outstanding balance of £2477.63. I wrote offering £500 as full and final settlement. They have declined but said…
Full & Final offer
Hi all I have been offered the chance to make a full and final settlement on a motorcycle loan I had some years ago. The total loan was for £11000 of which there now remains £3500. I have defaulted on the loan a few times hence the reason I am now in this position. So my question is.....is there some calculation as to what…
Offer of payment
Hi Guys Just wondering if anyone knows the best way to approach this or if there is a template letter available anywhere, I have searched but haven't had any luck. I have had a look at the possibility of getting an IVA to cover the debts I have have but from what I understand I am tied into this for 6 years?? Anyway, the…
When can I get credit again
I have recently paid off my debts due to an inheritance and am now completely debt free. I want to remortgage the house and get an extension or even a loan to do it. I just want to know when I can start to get credit again. Before I paid them off I missed payments and got into arrears with all of them. I received lots of…
Credit report question.
I used equifax, or one of the others, cant remember now, to check my credit report for free. It only had three entries on it, of which one was a default for a mobile phone I never received, but they are still chasing me for. The other two entries were fine. There was no mention of CCJ's or anything else on the report. If…
Buchanan, Clark and Wells. HELP!
I received a letter from Buchanan, Clark and Wells demanding £1600, threatening all sorts of things. Taking my wages (good luck, I am on benefits) and visiting my home to take my belongings, not to mention threats of court action. The thing is, the reference for this letter is "First Financial Write-Off Accounts". Does…
The relief!
I have posted in the past about how I cant see a future and cant see me ever owning my own place again etc. But, I have just had a little look at some calculations and I can see that it could be possible - albeit a 1 bed flat! I calculated that I could get a mortgage when im 45 till im 65 and pay it off (looking at the…
Debt Help / Advice Please!!!!
We have been in a debt management plan now since 2008, and although we've managed to maintain it we have not seen our financial situation improve if anything it has got worse! It’s got to the point now where it is affecting my marriage and getting both me and my wife down. I want to look at other options like an IVA but…
Mobile Phone question
I have already posted this on the mobile phone board but thought I would also ask you DFW'ers. I currently have a pay as you go samsung E1360 on Orange. I put between £20-£30 per month on it and I probably make 5 calls per week to uk landline (2-3 mins each time) and send approximately 20 per week. Can I get a better deal…
Will I ever own a home
Hi Guys, I am in the process of sorting out my debts (a total of around £20k unsecured debt). I have a terrible credit history, I would never get a mortgage as it stands now having had a house repossessed 5 years ago. Is there any hope for me getting my own home? I will have around £20k for a deposit in the next few…

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