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Advice on DMP or not for a newbie?
Hi all, I've decided to take charge of my finances at long last, and have spoken to payplan tonight who are happy to help so far, but I am worried about my credit rating being shot for so long and can't decide what to do for the best. I owe £12900 on credit and store cards and currently pay £535 per month in minimum…
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Help ! Pdl, dmp
I have various outstanding loans I have entered a DMP with Vincent Bon who have been great, they charge but deal with everything for me and are really friendly. Issue I now have is since I entered the DMP last month one of the PDL companies emptied my bank account despite the agreements as I hadnt cancelled my card as a…
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DMP v PPI
Hi all, I have been paying a dept management plan for 3 years now. My mortgage will be paid off next year. I took a loan out 4 years ago with the TSB for £25000. I have not claimed for the PPI on the loan yet. I also have another loan and a couple of credit card depts on the plan. My question is the mortgage will be paid…
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CC debt gone by Friday
I can't wait until Friday. I get a bonus and with a small top-up I intend to whack it of my outstanding Credit Card debt just as the 0% period ends. I was tempted to get another 0% deal but have resisted the temptation and will clear this debt. As a treat just booked up for 9 days on the Algarve. This will be paid out my…
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can devt advisors restart the clock ticking on old debts
if a debt advisor has contacted debts on your behalf that are now nearing the 6 year statute barred will this reset the clock ticking so to speak back to the begining
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Moorcroft
Hi everyone. Hope you are all enjoying the sunshine :) I have a debt with o2 for £635 which has not been passed on to Moorcroft Debt Recovery. I'm not sure whether they have bought the debt or are acting on behalf of o2. I know that I need to get this paid but can only afford £50/month. Are they likely to turn this down…
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What to do?
Hi all, looking into getting a mortgage in the next 6 months, deposit just hit the 5 figure mark, however I have overlooked something very important, my rather poor credit history! I am going to pay the outstanding balances below in the next month or so, but how is the best way to deal with the aftermath of being debt…
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Alleged debt - very old but had CCJ, bailiffs (allegedly!) - Help!
Hi, I have recently been contacted about an alleged debt from what is approximately 1995. I was told I owe £2k and that the debt had a CCJ against it at the time and that bailiffs had gone to my home at the time after I had moved out. I have no knowledge of this or recollection of this debt. I was a student though at the…
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Why do banks sell 'debts' on?
Always wondered? I used to work for RBS in CMS (Credit Management Services) and we used to have 'in house' debt collectors and 'solictors' based in the same place, RBS just under different letter headed paper.
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A debt that disappeared for three years...
Ok so I need some advice. At the moment I'm looking for information and not sure if there's anything I'm missing. I have had an overdraft since the age of 16 and when I was 18 I took out a store card (£100 limit) and mobile internet contract. I was using all three and paying them off until the age of 19 when I became…
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County Court Bulk Claim Form Capital One.
Hi hope someone can help us please. My wife has just recieved a county court claim form from northampton court. The claim form is for a capital one account with Bryan Carter Solicitors for the amount of £668.34. The balance when we were first starting to get in to some trouble, ie not paying was around £230 and the rest is…
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wonga help please
hi i am going to write to wonga for a repayment plan due to a change in finances. i have a gambling problem but dont know what to say to them any help appreciated. ive recently admitted my problem to family and seeking help. im due wonga 1050 thats 820 loan + interest in 2 weeks and there is no way of paying this back all…
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So much for all my good intentions - feel like throwing in the towel
I posted my SOA, sorted out my budget, took on board all the good advice from this forum and was ready to set up my separate money pots for the month. Feeling pretty good about it all. Now my OH hasn't been able to take out any money from his business for the last 3 weeks because people owe him money so he owes the…
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Debt selling by credit card companies
I was wondering if anyone knew how much credit card or banks sell your debt for? I was thinking that this would be a good starting point to for a full and final settlement figure. anyone got any thoughts?
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Lowell Debt Advice
Hello, I have been hiding in the clouds for a while now (since xmas) and ignoring weekly letters from Lowell Portfolio demanding I pay a 1,000 HSBC debt. I haven't used HSBC for around 4 years and have no idea if that debt could be mine, it was a student account but can't see how it would get so high. I'm looking into my…
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Newbie to this - finally facing up to it!
After living the high life since 18 I have got to 21 with over 12k in debt. I spent all last night opening the post and working out exactly who I owe - many of the debts have gone to collection agencies who I am beginning to contact to come to an arrangement. Just after some words of encouragement and advice please :)
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Home Owner needing help
Hi Everyone. I know how useful everyone on the DFW board is so i'm hoping you can help me out a bit with me SOA. It looks as it I have should have a decent suprlus every month but i don't. I bought my house 2 months ago. Statement of Affairs and Personal Balance Sheet Household Information[/b] Number of adults in…
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Nearly there....
Finally got on top of my credit card debt, after about 2 years of making minimum payments on £6000 of credit cards, I've hammered them in the last 6 months and paid off a nice big chunk :) Now have about £4000 left.... At the weekend I decided enough was enough and had to take the hard choice to sell off my personal…
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Noddle Credit Rating 1/5!?
Everything up to date on there but says I'm 1/5? How right is Noodle or is that just a guide?
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Bank foreclosing on debt what happens next.
This is a rather complicated problem, so please bear with me while I try to explain. My mother in law owns the building in which she has her shop at the lower level, and a flat in the upper building. She also has some outbuildings which surround the building. She runs a shop which has a £50 000 overdraft. The bank have the…
