Debt-free wannabe

Archives for August 2012

Natwest bank closed my account
I need advice please My current account with natwest was closed without any warning. I have an overdraft of £1221.66 owe on the account. I had an injury at work that made me unemploy and unable to work. The bank has sold the debt to a debt collection agency called fredrickson international limited. And they have been…
Debt collector and halifax
I would really appreciate some guidance how to solve this challenge. I would like to start the explanation with the fact that I do not owe any money to anyone. I have confirmed this with the bank and they have agreed that this is correct. I am in this situation because when i left university i owed 600 to the bank. i then…
how bad is this debt and what should I do
Hi all advice please on my situation .I am a 53y male earning £18500 a year and I have the following debt B/card £5450 at lifelong low rate ,on the back of my statement it says interest 0.561%? Virgin £1700 at 0% until Nov.12 Halifax £1650 at 0% till July 13 I pay only minimum payment by direct debit
Equidebt pursuant re: Council Tax
The story goes I received a letter from Equidebt around July probing for a debt from the local council,, their opening letter was the usual they send out "If you don't respond we'll assume you are this person". My first response was 2-fold; firstly I visited the council and spoke to them and they confirm that there is an…
Living abroad
Hi all I'm a newbie on here so this may have been asked before.. but, I have been living in Ireland for the past two years and haven't been paying off my debt back in the UK. I did contact my creditors a while back - one of them told me my debt had been 'sold' and it was up to the company they'd sold it to whether they…
HSBC Late payment notification on my Equifax and Experian
HSBC have added a late payment onto my credit reports for both Equifax and Experian, I called to enquire about what had prompted them to do this and after 3 days eventually gotr to the botto of it. On the 29th of July a direct debit was returned and a fee of £10 was placed on my account. I paid the direct debit on pay day…
Co-op Overdraft Recalled. Contact Details?
Hi, I've received a letter from the Co-op to say they are recalling my overdraft, which is fine. I understand that those are the terms I signed up to, however, I cannot pay it all back in one month. I would like to offer to pay it back £100 a month until its cleared. On the letter it says to call 0844 844 8899. I would…
Today’s the day....I’m debt free!!!
It’s taken 5 years since my LBM (aka meltdown) but I’ve done it – every pound, shilling and pence of my £52k mountain of debt is finally gone!!!! I was a wreck when I started this journey, a depressed insomniac who was in financial free fall....and now......well in simple terms I’m back in the driving seat, I know how to…
Friday (yay) 31st August- What DFW Things Will You Be Doing?
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…
it's all about to hit the fan...
Oh boy.I'm in a pickle! It is payday today & I am already over £400 overdrawn...on an overdraft limit of £50. I have no money for bills or food & Wonga want £800, bless them (hey, I've spent their money so guess I don't blame them). My rent is due tomorrow too. I think I'll have a little cry now, excuse me a minute... Ok,…
Opinions on situation....
Now, me and my partner aren't the most social creatures and nor do we share all our financial information with our family, so it's hard to get a comparison on if we're considered in a 'bad' position or not. I'll cut the story short and just get to figures. Our income at the moment is around minimum 1600 PM to a possible…
Statement Of Affairs
Statement of Affairs and Personal Balance Sheet Monthly Income Details Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 1,878.00 Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00 State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
Is there a more advanced snowball calculator?
It's been quite some time since the snowball calculator on whatsthecost.com was created and since then, credit companies have changed the way minimum payments are calculated and how interest is also calculated. These new methods are just not supported in the old calculator. Examples: Halifax overdrafts. These are no long a…
Funny how having no options.....
Leads you to the only option there is. Fix the problem. Hello, Well ive ducked ive dived, twisted and turned for nearly two years but this week has truly been my LMB moment, been struggling with pay day loans and living outwith my means for a long long time. Im out of options, which leaves me only one. Fix it. As a great…
Marlin Financial Services no cca
Hi I sent a cca to Marlin financial and within one day of them receiving it they have sent my £1 back with a letter saying they haven't got it making my debt unenforceable. They have suspended all activity on the account. Do I need to send any account in dispute letters or is theirs enough? I have obviously stopped my…
Council Gym payment from 2 yrs ago
I have been requested to pay by my local council a payment for a gym membership from 2 years ago.They say I paid 11 payments but that I missed a payment.The gym was run by the local councul and this letter received last week only is the first time they have notified me of this missed payment.I dont have any details of any…
Cleaning up credit file
Can anyone tell me, I have recently cleaned up my credit & have a clean credit rating with credit card, current account etc. When you apply for a loan credit card, with your bank or online, what is it they actually see on your report, is it manually checked or does a computer check it. Why are some loans or credit cards…
Court summons.
Hi everyone. I need some advice please. Today I have received a summons from Northampton county court for the gross amount of £1600.00. The claimant is Arrow global Guernsey ltd. The solicitor is Bryan Carter solicitors LLP. The claims states quote " The defendant agreed to pay monthly instalments under account number…
debt managment, finished !
finally payed the last two outstanding amounts ! done and dusted :)
Will we ever be Debt free?
Hi all As you can see from a SOA we are getting in to some serious trouble.. and we dont know what to do to make things better. Please if there is anything any one can suggest please do :( I was thinking of IVA... any thoughts? Thanks so much in advance :) Statement of Affairs and Personal Balance Sheet Household…

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