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DMP - Should I continue?
Hi all, Apologies if this is the wrong place for this. I need some advice (and opinions) on what I should do, and any is appreciated. To cut a long story short, in my youthful naivety I enjoyed being in a £26k a year job at 18 a little too well and am now over £20k (minus interest) in debt (loans, credit cards & catalogue…
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Help with my debt problem - Not sure what to do.
Ok, a little bit strange i think but here goes. When i was a student I wracked up some debt. Bank overdrafts, credit cards etc. I then lost my part time job and could not afford to pay. I did the silly thing of burying my head in the sand. This is where it gets a little tricky. Some letters still go to my parents (did not…
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settlement offer but email only
Hi Having written then phoned a debt collection office enquiring about a settlement offer, they have agreed to a 50% discount but will only confirm this by email rather than letter, this seems to be down to them wanting the debt closed ASAP. Legally am i being careless by accepting this agreement via email or should i…
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when do companies apply for CCJs
i was just wondering at what point most collection agencies decide to take this action. i have several large outstanding debts -over 10k - which defaulted 18 months or so ago. despite my best intentions i have been unable to pay anything off of the balances and the debts have now been passed on from the original creditors…
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forum newbie-what happens at 6 years?
I ran up a load of debts-about £20k in the past and am coming up to the six year date from my last contact with the debt collectors. In the past 6 years I have paid all bills in full and on time. I currently run a business but it is in my husbands name due to my poor credit history. What happens at 6 years? Does my credit…
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Where to get best financial advice?
I'm married with a 3 year old. I work part time and my husband is self employed. We have two loans (one finishing next month), 3 credit cards with quite large amount on two of them and a mortgage (fixed rate). Also, I want to look at savings options for putting money aside each month for my husbands' tax. I want someone to…
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Help 25 with £30,000 of debt
Hello when i was 18 everybody body offered me credit and now i am paying for it. I first realised i was in trouble at 20 when i started to sort out this debt , the total was at around £15,000. I then started up a company landscaping which i ran for 3 years , first year busy but trying to set up so not much wages about,…
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Rossendales - Not accepting payment
Good morning all, Just wanting to check I am doing the right thing here. I am in the process of setting up a self managed DMP - I have paid 6 or 7 creditors their first payment and got standing orders set up for them all. Just waiting responses from other creditors. However, Rossendales are being a complete nightmare. I…
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Sweet the debt free wannabe!!
Hello everyone, my name is Ryan :D I am nearly 20 years old and have debts to the amount of about £4k! I admit this was through utter greed and gambling! So i have stopped the gambling and want to start paying off my debt! one of the reasons that my debt got so high was this... I signed up to "Fresh start finacial…
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Advice needed about default
ok here's the story I defaulted on an unused account with barclays after i moved addresses, not realising the account was minus in balance it was for £133.00 on 26/5/06 c l finance then bought the debt and also defaulted it, making it £159.00 on 15/8/2006 eventually a third company caught up with me this year and informed…
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DMP advice please
Hello everyone, Lightbulb moment 08/05/2012! I have received the information pack from CCCS but have a few queries. 1. Do I stop paying creditors now by cancelling the DDs? If I do will this not count as a default? Should I even be worried about this? 2. Do I set up another bank account or can I use my current bank account…
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Can I stall creditors for a few months? Until I sort dmp etc
Hi,basically I'm newly self employed,cccs have said that 3 months worth of accounts are needed before they can fully asses my situation? Otherwise they will automatically recommend bankruptcy So basically iv ran out of spare cash now to pay creditors after my main outgoings! I'm expecting the first letters to…
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Wednesday 9th May - What small DFW things will you do 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…
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debt advice
hello. I thought I would post my position and see what others suggest I do or try to overcome this mess. I am currently around 17k in debt.:eek::eek: I am shocked as I write this as I had no idea it had crept up so much. Overdraft 1600 Personal Loan 2856 (12 instalments left) Halifax cc 5550 (0% until Jan 2014) MBNA cc…
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Advice needed please
Hello all I was hoping I could get some advice on a debt problem. My Wife had a car on hire purchase with Park Motor Finance in 2005, however this was taken out in my Mother-in-laws name as my Wife couldn't get credit. The following year my Wife was made redundant from her job and had to return the car. About this time she…
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threatening phone call from HSBC demanding complete balance of overdraught
I have just had HSBC bank ring me at 8.50pm asking me if i can pay the full balance of my overdraught which is £1000. I used to be with them for about 15 years until their bank charges got out of control and I switched bank. I transferred all my direct debits and my pay now goes into my new account. About a 2-3 months they…
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electoral roll credit report
i have just paid £5.95 to see more about my credit report rather than the basic report and it says about the electoral role "You do have Electoral Roll information at your current address. However, your information indicates that you no longer live at that address. Postive confirmation that you are still at your Electoral…
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update on my situation, advice please!
Hi, I have a thread on here already, which I cannot find. Basically my situation is as such, around 10 debts which I believe to be statute barred, and one recent debt which obviously is not. The recent debt is with a certain DCA which also holds a few of my old debts. I contacted, via letter, said DCA offering a payment…
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Anyone heard of debts reduced based in Wales??
They phoned yesterday and my hubby got sucked in so to speak by them telling him they could reduce our current £318 a mth payment to payplan to only £150. They phoned back today as my husband wasn't confident speaking to them so asked them to phone me instead. We've been with payplan for awhile, but this company went on to…
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wrote cca letter to 3 creditors
all have put my account on hold while they try to get it dmc dont want me to stop paying, said its bad idea for future credit etc any advice? thanks
