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Bank sells debt with payment plan
I have had an old debt that I was paying off on a payment plan and then the bank sold this debt to a collection agency. I informed the collection agency I was in a payment plan but they still sent the usual nasty letters. In January 2013 the bank stopped my payments and when I enquired why I was informed that the debt was…
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F&F or pay off debt
Dear all Firstly thank you so much for all your kind help and words recently. I have started my debt free journey and am doing well so far! The question I have is does a F&F look worse then defaulting but then paying the full amount off? I am confused about this. Thanks
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Iva or dmp
I have already been in a failed IVA due to a change in financial circumstances I was unable to keep up repayments. I now have a creditors meeting through payplan for £20k worth of debt next week. I am unsure whether another iva is suitable for me - they think it is - or a DMP. I take home approximately £900 a month,…
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Paid off a debt yes!!!!!
Only a small one but that frees up £20 a month to go to the next one :) Woohoo!!
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Fredrickson International text.
Guys, I rented an address 18 years ago from a friend, I was not on the electoral roll nor did I have any utilities in my name. I did have a bank account and I did foolishly leave a credit card debt there (CREDIT CARD WAS NOT WITH THE BANK.) I was approached by letter from a DCA two years ago, I replied asking them to prove…
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Statute Barred (I Think)
Good Morning All, It's the first time I've posted anything like this so please excuse me if I'm posting to the wrong area on the forums. A couple of days ago I received a letter from CapQuest Debt Recovery regarding an old Barclaycard debt which has been purchased by CapQuest Investments. The debt relates to a Credit Card…
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Secured loan with bad credit
Hi all, I have very luckily inherited a house worth £230,000. I also have a very bad credit file with defaults and late payments. Fortunately no CCJs and Im not on an IVA. I made my own arrangements to make low payments to credit cards and unsecured loans. I want to put this windfall of a house to good use, what is the…
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What to do...
Hi, By the end of May I intend to have paid off my loan (Car) which is at around 8% APR. I would then like to tackle our Credit Card (Honeymoon / Wedding), which is at 0% APR until October. At the moment I am mostly just paying the minimum monthly payments. However, I am due to go on Maternity Leave in June. The first 3…
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Being chased for secured loan on house that's sold
Hi everyone I'm hoping that someone can point me in the right direction here please. I had a secured loan with Welcome Finance back many years ago and the house has been sold roughly 10 years ago. I am now being chased for a £2,000 bill for that loan which was paid off when the funds were received for the house. Obviously…
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Thursday 3rd 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…
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Is setting up a standing order for token payments a good idea?
I'm just about to send my creditor a temporary payment arrangement letter following advice from Stepchange. Can I ask if setting up a SO to make regular token payments to my creditor a good idea? Just worried if it could be 'tweaked' by the creditor to amend payment amounts? I've just discovered that I no longer own a good…
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Council Tax Bailiff Fees 2014
Have just become aware of the change in fees Council Bailiffs are allowed to charge from April 2014. A fee of £75 when the debt is handed over from the Council and a fee of £235 if there is a visit to the property. The current fees allow for two visits capped at £42.50 (with no levy), the fees after April 2014 would be…
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Trying to Get Ahead
Anyone hitting charges for making payments a week or two too late ? How do I get earning in advance. help !
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Im back!
Ive had a difficult few months and havent been around the boards much, but Im back and prepared to pay off my debts as quickly as possible! The good news is, my debts havent got any worse, the bad news is my outgoings are higher now but hopfully I can pay off as much as I can each month :) So I have as following now;…
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Free Equifax statutory credit report until April 6
Hi all, This is in the credit file forum but figured it may help people here that may not have seen it. You can obtain a free Equifax statutory credit report via the below link, saving £2. This works even if you have registered with them previously (I hadn't logged into mine for nearly a year). I viewed my statutory report…
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Ive done it!!!
:j:j I'm so please ive finally cleared all of my debt! Im so happy my debts wasn't huge compared to some but as a single parent on a low charity wage it was a big stress for me. Now the question is do i cancel all of of the credit cards, accounts and catalogs that i ran up debt with? I would like to cancel them all in one…
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DMP or not to DMP
Hi all, has anyone on here been on a DMP and it made their life much easier? I've been reading up on them and have had mixed feelings expressed. My wife and I have four young children, 7 and under. We have in absolute total debt just shy of 40k. We can make the minimum payments but only just, and we don't see a way out of…
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hello lovely people.
hi there, ive had my LBM and want to get debt free, both myself and my husband have debts but he has not reached his LBM yet (for another thread- long story!!!!). my debts are MK REcoveries: £6,315.40 Nursery Bill: £1,869.07 Tax credits: £1,234.90 Mackenzie Hall: £1,157.98 Vodaphone: £718.54 Uni Loan: £600 SWW: £521.23…
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credit card arrangement?
im struggling to keep up payments on four credit cards. is there anyway i can negotiate a sensible repayment scheme with the credit card companies without affecting my credit rating. i have'nt missed any payments to date and i dont want to take an IVA.
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Have I got the right idea?
Hi again DFW's! After a change in our circumstances, and your good advice on my first post, we now have refined our budget, started a proper spending diary and the snowball calculator shows that our debt free date should be November 2017 :) Can I check that I've got the right idea about budgeting for non regular payments…
