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Debt-free wannabe

Archives for April 2014

And then there were three... Is our plan OK?
Hello :) After 5 years, there is light at the end of the tunnel. We now have 3 debts, split up as follows: CC1 - £2200 - 29.5% APR CC2 - £5400 - 0% DEBT AGENCY - £2303 - 0% (This debt defaulted in March 2011) Basically our plan at the moment is to throw everything we have at CC1 and have it paid off by Christmas at the…
Is bank arrestment possible in England?
Hi people, and thanks for reading. I used to live in Scotland, during which time I accrued a debt of £1200.03 for council tax. Apparently the 3p IS significant. Its been about 3 and a half years since we moved back down south, and so far they haven't chased me for the money. However, today I have had a letter saying they…
Remove small default?
Hi everyone, I'm looking for some advice regarding a default that is sitting on my credit profile. When I was a student, I had a Bank of Scotland One credit card. It now shows a satisfied default for £165 in March 2013. This means that this will be on my account until March 2019. I didn't receive any warning of an…
Debt Management Plan - Words of Warning
Just a few words of warning for those considering a Debt Management Plan. Don't get me wrong, without a DMP I probably wouldn't be debt free today, but anyone considering a DMP has to seriously consider the damaging effects of your credit file. You may ask 'but you're in debt, why do you want more credit?'. The simple…
Concerned about a letter from Barclays.
Need some advice please about a letter I have resceived from Barclays following a letter I had sent them stating I am in financial difficulty and offering a 'temporary reduced payment' arrangement on my account until further notice.This was follwoing the advice from StepChange. My request seems to have ignored as there is…
YNAB anyone?
Hi Guys I want to be Debt-Free. I graduated about 8 months ago, and have nearly 40K to pay back for my student loans, not to mention the amount of my Credit Card (£2500) and Current Account (£2000 over draft). I heard about YNAB on these forums, is it any good? How does it work when you have a negative balance on your bank…
First steps.....
Well I posted I here 18 months ago re: debts thinking the OH had around 10k. Found out last year it was actaully 25k! This sturck me hard as had loan and CCs behind my back. Been a rough year and few weeks ago found that wasn't the truth was actually 3k more and he still has CC details so what we'd paid off over a year…
Big milestone
My debt's gone under £10k for the first time in years, so happy with that. It's a spur to keep on trying harder, I want it under £5k within 18 months. Not sure if this is achievable, but it's worth a shot! I just keep visualising the day when I will have a disposable income again. Can't wait! Anyone else passed a milestone…
Receiveing Debt colelction letter but nothing on my credit file?
Hi All Im not sure where I stand with this. Today I receveid a letter from Scotscall to advise my account is £1600 overdue and they are arranging to send someone round. I think this is scaremongering. However I've gone on to my experian credit report today and cannot find any reference of this alleged credit file, nor on…
two companies trying to collect the same debt.
Need some urgent advice. A disputed debt went to court, judgement was awarded to collection agency and a payment plan was agreed and has been adhered to. Another company has now come along claiming that the debt is theirs to collect. They were informed about the ccj and payment plan being in place, however they have…
Full and Final advice please?
Hello, I am currently on a DMP with Payplan and have been for 4 years. My current estimated balance is £7600 (From 26k). My Dad has offered me £3000 to help get rid of it. Do you think this is a realistic amount to offer? And also, do you think Payplan would get me better offers or am I best contacting creditors myself?…
Moorcroft Debt Recovery - Help!
This morning my partner received a letter from Moorcroft demanding £4954.36 and have given him 5 days to pay in full! In the letter they are threatening with more letters, phone calls and people coming round to my home to discuss the account. They also talk about getting another agency involved. This is the first letter we…
The three most important lessons
!. A company's job is to make money from you. 2. Dept isn't bad, bad dept is bad. 3. Loyalty doesn't pay This is on the front of one of Martins books. So true. Every day we get phone calls, even though I am on the non pester register. Junk mail through the letter box. Men even knock on the door asking for work. It is…
Wednesday 30th April - What small DFW things will you do today?
When we start out on the Debt-Free Wannabe 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…
random stat barred question
something i have been wondering since visiting these boards when does a joint account become statute barred? eg couple take out a joint unsecured loan on 1/1/2000 the final payment is made on the 31/12/2000 with an amount owing. if neither of them make a payment it is statute barred on the 1/1/2007 if partner A makes a…
Is it worth the extra work?
Hi folks, I was wondering if any of you could help me with this... I have been offered some extra work which will gross me about 4k. This will really help me to pay off some of my debt ( see my previous posts). I can't work out how it would affect my tax. My main salary is £43199 but I pay £4000 per year pension…
old ccj
My ex partner and I took out finance for a kitchen in 1999, him being the 1st applicant, me being the second. Finance was also given for PPI at the same time. We split up a few months later and I left the property. In 2009, I began receiving letters addressed to me at my current address but saying Dear Mr xxxx. Stating…
ppi refund and DMP
I have made a ppi claim, which has been upheld,the letter said that if i still had an account which was open they (Barclaycard would pay the amount onto my card account, I have got an account although it is included in my DMP, I telephoned them because the payment has not shown on my account, and they said that they would…
IVA's etc
I have been paying off my debts to various credit card/loan companies (most of which have been transfered to debt recovery companies) for several years via a Debt Management company (Payplan). I owe around £40K, by my calculations it will take me 30 years to pay these off. Is there any way that these can be written off…
CCJ 4 Years Old - If I Start Paying Now Will It Restart?
Hi, I've never posted in one of these forums before so apologies if this is not in the right place. I was hoping to get some advice as so far I've had conflicting answers from people I have asked. Basically, I have a CCJ on my credit file from 4.5 years ago. It relates to £1900 of unpaid rent from my student accommodation…

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