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Debt-free wannabe

Archives for November 2012

DRO or DMP?
Hi everyone, Due to ill-health, I have stupidly got myself into a lot of debt. :( I have been on the step change website to find out my options, they suggested a Debt Relief Order as the main "answer" to my problems. However, I have also looked into a debt management plan, and I am not sure which is the best option for me?…
Nearly there: stick with DMP or snowball?
Can you help? We are around 8 months from finishing our DMP (of 7 years). We had horrendous debts of about 146k and are down to our last 15k when the next payment goes :j But we have calculated that if we snowball we could save £800 ish and maybe pay off 3 weeks early. I'm SO scared though at the prospect of going it alone…
PayPal debt..
Hi guys, Last month I sold a phone on eBay for which the buyer opted to collect in person. As it turned out, the buyers account had been hacked or accessed without authorization and so even though I withdrew the funds (which cleared), I was asked to pay the monies back to PayPal to clear the negative balance. However, the…
Credit Report Value
Hi There, I have been on and off here for a little while but I went round to see if we can get some money out of house and we were told that it would be impossible due to the defaults and late payments. I have managed to log on to Noddle and get my credit report and it is 1 out of 5, if you pay one of the defaults off…
HSBC overdraft and DMP
Hello All, I have been on a DMP with CCCS which will end shortly as i have managed to get money together to settle the debts. However one thing has really frustrated me and i was looking for some advice. One of the Debts has been a HSBC overdraft which had a balance of £1415 going back to August 2009. I have been paying…
Went the whole month without using a credit card!!!
Hi guys, its maybe not a great deal to certain folk, but we have started to try and budget, as we were just spending too much every month and didnt even know what on, the money was just dissapearing, and at the end of the month, the Visa was used to do us over. Finally, were at the end of Novemeber, and we havent had to…
Mysterious letter from Mackenzie Hall - advice please?
Hi, My partner received a letter from Mackenzie Hall today saying that he owed their client £4335.69:eek:. The "pursuers" are Arrow Global Ltd and the original creditor is Fairmile Partnership 1 LLP. We don't know who the hell Fairmile are and can't find out anything about them. Anyway they said that " client would prefer…
Help Partners debt is worrying me!
Hi, My partner has been living with me at my address for a year now and he has a csa debt of £1700, he neglected to advise the csa when he moved out of his previous address(Idiot!) because he was on a nil assessment and his circumstances remain the same. Child support called him last week and advised him they had taken the…
Fought hard and won, or so I thought!!
I have struggled with my debts over the last few years as many of you have, and, following advice and tips found on here I finally arrived at my destination on Wednesday to be free of all my bad debts, ie. all paid and 'fallen off'. As suggested I have tried to build a 'good' credit history by getting first a basic bank…
Irresponsible lending
Just a quick moan! OH got a letter through from his credit card provider, Barclaycard, he currently owes around £1500 on it, been making min payments (as been concentrating on other higher interest debts). His current credit limit is £4,900 which is I believe too high but leaving it as it is. So the letter received states…
First Plus discrepency interest rate - advice needed
Hi there First Plus in court over repossession with us on Monday, its a long story and is already in here, so wont re do it all again. But on my original agreement letter from them i have noticed it says 8.9% apr but on the actual agreement with all the calculations its using 9.9% - plus on the court particulars FP…
Bring on 2013!!
Hey everyone, Just wanted to say how excited I am to be going into 2013 debt free :j My debt this year has reached it's peak but after paying off £196.91 from my credit card and £97 to my parents with today's pay check I can how breathe a sigh of relief as I enter 2013 with no debt. My debt was something that creeped up on…
About to enter an iva
Hi, I'm new to this forum, just to explain my situation, me and my husband have around £45,000 unsecured debt, we were struggling to make minimum payments so after discussion with citizens advice we have decided the IVA route is best way to go. We are waiting for IVA company to contact us. What I'd like to know is does…
pay it all off now or not??
Morning all, I'm after some advice as to what to do next. I currently have a loan of 3K with lloyds paying £100 a month. i also have 3.5K in an easy access ISA with halifax at 3% and 2.2k in a 3 year fixed rate ISA with halifax 4.25% (just over 2 years to go!) my mrs also has a loan with lloyds for about 2k paying £120 a…
Just looking for a little clarity please....
I am not sure I am posting this long missive in the right place but I am a DFW but there are other things happening right now and I just need pointing in the right direction. To explain, we have approx £20,000 unsecured debt and 2 x mortgages totalling around £230,000. At present, I would anticipate that the housis worth…
urgent help with food budget
Im im trying to write down a budget and for my food bill how much should i allow for 2 adults & 3 children ? Also what about school dinner money i currently pay £1.95 per child each day . Would they allow my children to continue with school dinners and if so would i put this down separatly from the food budget ?
Bailiff Charges!
I am paying bailiffs for council tax. When the bailiff came to my house to arrange a payment plan, he asked for £150 in cash up front and an agreement was made allowing me to pay £40 per month. My first payment was due on Nov 11th. I decided 2 pay it on 9th just to get it out of the way. I was unable 2 get through on the…
Yorkshire Water dd plan has destroyed credit rating
My partner and I have been working hard at paying off debt to get his credit rating up so we can get a mortgage before our second child is born. All was going well, we had paid off around 7k in the last six months, cleared all outstanding debt and his rating had shot up to excellent. Then at the beginning of Nov, we got an…
Friday 30th November - 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…
any help out there for me..soa and payday trap.
Hi All. i cant find the link for the soa so ive done my own. incomings..wages..£650/670 monthly housing benefit.....£170 monthy. tax credits ...........£129 monthy child benefit..........£132 monthly hubbys rent..........£337 monthly total £1,418.hubby has half of hosuing benefit so really is £1.333 outgoings rent.....£725…

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