-
sell up or DMP
I have a house worth £250,000 and a mortgage of £185,000 leaving a 'profit' of £65,000....... I am £30,000 in debt with credit cards and the overdraft. My husband has left me and we have 4 young children......... I went to see a solicitor yesterday and I'm even more confused now..... My ex says he doesn't want anything…
-
letter from clarity
"Thankyou for your recent letter,we are aware of the limitation act and guidance from OFT,although neither questions the right of a creditor to seek repayment of a contractual debt on a voluntary basis.However given the circumstances i can confirm we will be returning this account to our client and you will receive no…
-
Paying off Debt vs Work Save Scheme
Hey everyone, Just wondering if anyone has any advice. Here's a quick SOA.... Savings = £0 Credit Card Debt = £3750 @ 21.9% Overdraft = £1000 @ 0% Current Account = £130 Salary = £530 (Minimum but usually more each month with overtime) I know that I'm pretty skint but I've paid every bill so the £130 is post that...…
-
Placing a Debt into Dispute
I've received a request for payment from a finance company in connection with a Personal Guarantee I gave for the HP of 2 vehicles. I was a director of the business which has since gone into Liquidation. The letter asks that I contact them with my repayment details (within 19 days) and outlines the steps/actions they may…
-
Confused by b card/mercers
After advice on asking about settlement figures on here other night I sought lower figure than balance on barclaycard which is in arrears, over credit limit and been passed to mercers collection department. I was brave rang all my creditors and got figures to work out. Was dreading ringing mercers as they ring me like…
-
CCJ i was not aware of, what do i do?
I've just been told by my water company that I have a CCJ from them on a previous address. I was not aware of this at all and never received any paperwork to advise that this would be happening. I lived in a flat and often did not receive post. The water company say I can't pay them the money but I don't know how to go…
-
Overdraft charges & going round in a circle
Hello, hope i'm posting in the right forum, apologies if I'm not. I'm 19 and in my first year at university. I have a Natwest student account with an interest free overdraft of £500, and a Nationwide Flex Account also with an overdraft of £500, but obviously not interest free. I get student loans and grants every 5 months,…
-
Cleaning up old Debts
Hello everyone, I have noted that the unenforceable letters and templates have been removed. I have 2 DCA that are chasing me for debts that are over 10 years old, however the debts are still showing up in my credit file. I want to write to these creditors to do three things* I want to ask them to offer me a reduced…
-
First Direct o/draft
Hi, This is probably a very obvious question to ask but I need help clearing a £700 overdraft with First Direct. I've been with the bank since 1995. I then developed chronic health problems which meant I was unable to work for 10 years. During that time I increased my overdraft from £250 - £700 as I only had benefits as a…
-
a RED letter!!! from 2002!!
hi all im new to the site and i am seeking some guidance. i recently recived a letter from red dept collections for a dept back in 2002. i called up asking about this as its so old. i asked when was the last payment i made and he stated it was 15 feb 2002!!! to my shock i said this falls into the 6 year thinggy..lol didnt…
-
Can companies charge late payments on interest?
Hi There, Not sure where to post this question. Does anyone know if companies, Hazelvine Limited, can charge late payments on interest charges? I had interest of 13.15 and they have charged £18.60 late payment. Apparently, the next charge on the 14 Feb will be £40.00 and will just keep going up. Can companies do this? What…
-
Being made redundant, just cleared debt- getting a mortgage worries
Hi, I became debt free in September (thanks MSE), but have this week found out our whole site is closing. We own our house (in wife's name), but she is a childminder and due with our 2nd child in June just as we get the boot... My big worry is that by the summer when we'll need to move my credit rating will not be good…
-
DMP v IVA
Morning All I wasn't sure where to post this! I have just spoken with Payplan who have recd my details from National Debtline as I was wanting to begin a DMP. I have £20k of debt and I thought a DMP would be perfect for me, been on the forums and it seems like a good idea dealing with your debt in a way that is manageable.…
-
Checkmyfile, Aviva & 192.com
I'm sure many will have seen the website "checkmyfile.com". They offer all 3 credit agencies information for around the same fee as each of the 3 charge alone. Given they have to source the info from the other 3, there must be a catch - and there is. Once you've signed up - they "cross-polenate" info held at the 3 agencies…
-
Reporting LLoyds to the FOS
Hi all, after a very frustrating 45 minute conversation with lloyds yesterday regarding the interest they are charging on the account i have contacted the FOS & made a complaint ( thank you to the person who suggested it last time) Basically i have been on a DMP for a over a year & lloyds wont freeze interest which i know…
-
Friday 4th February - What small DFW things will you be doing 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…
-
Query/advice re CCJ
Hi all, I would like some general advice regarding a CCJ on my credit hisotry. The CCJ in question will expire (and therefore be removed from my report) in approximately 18 months. It is for a relatively small amount and I could pay it off. What I would like to know is, if I were to pay it off and have it marked as…
-
SOA Help Please
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 1 Number of cars owned.................... 1 Monthly Income Details Monthly income after tax................ 1317 Partners monthly income after tax....... 400…
-
Money Chat...
Somehow fell into a conversation about our finances with OH last night. OH had noticed that I was always on this website and wanted to know why I was so addicted? I explained that whilst I knew we are very fortunate financially speaking, I still felt that there was much more we could be doing to make our money go further…
-
Debt Arrangement Scheme (DAS) query
Hi everyone :) I'm just hoping someone might be able to shed some light for me. I've got around £5500 of debt and it was really starting to get my down and affect my life. I've contacted an Advice Works money adviser through my local council as I'm considering a DAS. I was just wondering about the repayment amount. I'm…
