-
Making myself accountable
Our finances have always been manageable, although we've been guilty of impulse spending. My husband took a pay cut a few months ago and we haven't adapted well, struggling to readjust our spending. Although in theory we should be well off. One silly purchase (sofa's that we couldn't afford) followed by a very expensive…
-
Defaults, partial settlements and mortgage
Hello, I have been in a DMP with PayPlan since the end of 2012. I have three debts amounting to around 7k. I am currently in a position where i can clear the entire debt. Payplan are keen to arrange a settlement figure and approach my creditors, their example is around 5k to be shared equally. My credit report shows two…
-
Should I Voluntarily Terminate my Car Finance?
Hi everyone, A bit of background: My wife and I are really struggling financially. We have been in contact with StepChange and they have recommended a token payment plan which we are in the process of setting up. Before the Sh** hit the fan last month, we Voluntarily Terminated my wifes car finance (she was 50% through the…
-
Closing Savings Bonds Early - Urgent Advice Required
Hi all, I need some help and advice (legal if possible) regardng early closure of my Savings Bond. Background: Last December I opened up a Savings Bond for 4 years with a reputable online Company. It was for £5000. I read and understood the conditions that I would not be able to deposit further funds or make any…
-
This time next year....
My final 3 CCJ's will be 6 years old and should disappear, then I will have a single debt of £393, will my credit rating improve dramatically or am I being a little naive? I am not wanting to take out any credit it's just a query. Thank you.
-
Tuesday 11 nov what small debt free things will you do today
Started the thread as no one else has and I have been up since 5 waiting|| Whilst waiting did cleaning, washing, dishwashing, ironing, hoovering all on cheap rate electricity. Yippee. Cattle gone to market with DS2 and DH already outside working. Quiet cup of tea before leaving for work. Hoping for another NSD Have a good…
-
Is it normal to send a lump sum to a solicitor - telegraphic transfer?
Hi I am in the process of paying off a key worker loan. I owe 40k and have this in savings to pay back as a lump sum. I have my solicitor company who are dealing with the paperwork so as to make the house solely mine and to get rid of charge against my property, as I believe it is called. I have been asked by the solicitor…
-
Terrified
I currently have around £40k of debt (between husband and I). We are in the process of setting up a DMP with CAP, and I am terrified. We have had a budget sent through to us which looks fine (more than we have had to live on lately) and we've been asked to set up a new bank account with another bank which we have done.…
-
confused with debts ?
hi all first post so be gentle : ) im currently cleaning up my credit file and i have 2 defaults against me the first being rbs,now the last acknowledgement of this was in early 2007 but a default wasnt applied until 29/09/09 so im a little confused how to go about this one ? is it statute barred or are they allowed to put…
-
Interest not frozen on DMP?
I posted yesterday about my sister paying off her stepchange DMP with a lump sum, with some promising replies from posters. Tonight I ordered her free credit reports and logged onto her Stepchange account for the first time. The one from noddle shows all the balances from her natwest credit card (and her other debts)…
-
Creditor wants my bank statements!?
Surely this isn't allowed? I've told them Im on benefits- I've given them my disposable income and made them an offer based upon that info. They've said they won't stop adding charges or set up any payment plan based on whatever I say and unless I use a debt management company or supply all my bank statements from the last…
-
DMP and Guarantor Loans, please help
Hi there, I am new to these forums so my apologies in advance if I get anything wrong. I have recently consulted Step Change in an attempt to sort my finances out for good. I have around £30k. I am anxious all the time, nervous about the phone ringing and just want to sort myself out properly. My debt originated from a…
-
How do I set up a budget spreadsheet?
and is there a simple template to use in conjunction with downloading my bank statements? I've made budgeting spreadsheets before, but it has always struck me as a bit of a pain to print out my statements then have to re-enter them into the spreadsheet. I note that my bank gives me the option to download my statement into…
-
Head & Heart Situation - Help :(
I have debt and savings (see signature!). Currently on maternity leave, original plan to take 9 months (this amount meant that I was entitled to some of it at full pay) - meaning the savings can go on the debt. This is what my head knows is the best thing to do. My heart wants to take 12 months though. Basically meaning my…
-
Old debt - Excessive overdraft charge and a collection agency!!
Hello. I was wondering if somebody could give me some info on how to go about this. I had an old Halifax bank account that 4 years ago, I ran up my overdraft. I had two halifax accounts and when I tried to settle the debt, I thought I was paying for both. Turns out it was just the one which was paid off fully (£700) This…
-
Settling Old Debts / New Start
Good Afternoon All, In 2009 I had a mental breakdown. Various things going on in my life, quit my job, went off the rails etc. At this time I was well into my overdraft, bank loan, various credit cards etc. I ended up moving out of house and simply didn't bother updating my details with any of the companies I owed.…
-
Furious at bad practice of Debt Collection Agency
Yesterday one of my neighbours knocked on my door and handed over an envelope with my daughters name on it and the words 'Private and Confidential'.... but no address. She said it had been posted through her door and knows who it was meant for and also knows that my 33 year old daughter has not lived at home for more than…
-
Unsecured debt becoming Secured debt
I would like to post a warning to all people whom are thinking of obtaining an unsecured loan. Please be aware that if you get into difficulty paying it back and the loan is for over £1,000. A loan company can take you to court for a CCJ and then immediately apply for a charging order on your home. EVEN if the property is…
-
Bailiff Charges
While going through a bad financial period unfortunatley I succumed to a couple of CCJ's one of these was I believe transferred to the High Court and resulted in Bailiffs calling on me, a payment plan was agreed but was difficult. The debt in question was paid off a year ago and my query is regarding the Bailiff charges in…
-
IVA question
I am 9 months into an IVA. My childcare costs will reduce slightly from January meaning I will need to get £150 childcare vouchers each month instead of £200. Will i have to pay the £50 towards my IVA each month ? Thanks in advance
