-
Desperate to be debt free by 40
Hi everyone, this is my first ever post and probably a post you have seen tons of time before. Basically I owe around £18,000, I'm 40 in 14 months and I'm desperate to be debt free by then. I have an almost 2 year old daughter, don't think I'll ever get a mortgage now so want to try and give her the best life I can. I'll…
-
Letter of claim
Hi.i am looking for some advise please can someone help?About 5/6 years ago I stopped paying Home retail group due to financial difficulties. I had a letter through today from BW legal saying they have been instructed by Lowell portfolio ltd to commence legal action and that they are going to issue a claim against me in…
-
Is the situation as bad as I think it is?!
Just wanted to write down our situation because I do worry about it a lot of the time! Brief background- household consists of me (28), husband (29) & 7 month baby. Husband earns £1910 per month after tax. I stay at home but have personal income if £260. Mortgage paid off! House is worth £180,00. 2 years ago husband was…
-
Other half is in debt - how do I get him to cut his spending?
My husband of 37 years has a real problem with debt- he hides it from me and will not admit it is a problem. It is a problem for me!!! We have separate accounts and he will not tell me how bad things are- but today I found credit card/loans & bank statements adding up to over £20k of debts- interest payments alone come to…
-
To default or not to default?
Hello, I have two credit agreements which I took out in 2008 one for a HP of a car and the other as a top up loan towards the HP, I lost my job and the HP defaulted in Oct 09 however the top up loan carried un being set as 6 payments late in arrears. I now have a dmp in place for both with the HP due to come off my file in…
-
Identity Theft
Hi Probably the wrong place for this but..... I cant find a definitive procedure for if you left yourself open to ID theft. My situation is this. I accepted a friend request on facebook from someone I thought I knew. It turned out I didnt and it looked dodgy so I deleted them about 10 minutes later. I'm reading that…
-
newbie needs advice
Hi all. I woke up today and thought enough is enough. I have amassed the below debt. I have move back to my parents house recently following me and my partner splitting up and feel now is the time to hammer my debts whilst I have the chance: 6250 halifax to pay on a loan with 45 months left 6350 on barclays cc 1250 maxed…
-
Advice about BCW Group Please
On Friday, I received a hand delivered letter, addressed to me slash occupier, from BCW Group, on behalf of Southern Water. It was from my previous address, and I received about one letter from them when I first moved, and nothing more, so to be honest, I completely forgot about it, but have an account with my them for my…
-
Monday 11th May - 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…
-
Where can I find the tool to cross out total debt each month
I've just been updating my signature. I would like include my debt in my signature and cross it out each month so that I can see the debt reduce. For me this is a big morale booster. However, I can't work out how to do this. Can somebody help me please. I see a lot of members doing this, but can't work it out... Thank you.
-
Impact of settling on credit report?
Hi, I have several credit cards and owe around £10K. My employment circumstances might be changing for the worse and I am worried that I may not be able to make the payments. If I was to call the lenders and obtain a settlement figure, what impact would this have on my Credit rating if I was to pay the settlement figure of…
-
On DMP - creditor applying interest again - please advise
Hi everyone, I've started a self-administered DMP - one month in :j I've just received a letter from one of my creditors (not a DCA) basically stating that because my monthly payments on my DMP are similar to the contractual payments (i.e. I'm paying the expected amount for the money owed) interest will start to be applied…
-
Help please
Hi everyone, I'm looking for some help and advice on getting my debts down, any help or questions welcome. \ Household Information[/b]\ Number of adults in household........... 1\ Number of children in household......... \ Number of cars owned.................... 1\ \ Monthly Income Details\ Monthly income after…
-
Debt settlement offer, what to counter offer
Hi all After some years of being on a DMP I am now finally in a position to begin offering full and final payments to settle accounts. On a balance of £7900 I've been offered a settlement of £3900 by CABOT Financial. Question what should I offer as a counter? I'm thinking around £2700-£3000? Is this too much, too little ?…
-
Debt Tracker App / Spreadsheet
Morning All, Curious to know does anyone know of a good app for debt tracking or has anyone got a good spreadsheet that they could share there layout I would like to keep track of the debt that I have and update it monthly to see if I'm on track or ahead of track Any replies would be greatly appreciated Thanks
-
CIFAS category "deliberately avoiding repayments"
Hi, This is my first post and I've got a query for you all! I'm about to enter into a DMP with Stepchange and I was having a browse of money/debt related stuff this afternoon when I stumbled across the CIFAS (fraud prevention) website. One of their types of fraud has got me mightily confused now!! On the CIFAS website it…
-
ccj advice
I need help with cabot to. In a nutshell cabot contacted me with an old debt it went straight to northampton court.i followed online advice to defend the debt from 2003.online advice told me not to enter a defence .I didn't. The court then ccj ,d me for not entering a defence. I wrote to cabot for a cca request. They…
-
Contacting creditors
Hi, i've just sorting out a DMP and the 'next step' is to contact my creditors - I have £104 due to go out on Monday (which I've accepted I will have to pay) and I also have £88 due to go out on the 20th to Santander for my credit card - I am about to call them but what do I say? Am I informing them that I cannot make the…
-
N1CPC from MKDP
Hi guys, Cutting a long story short, I owe MKDP LLP £833.72 from a credit card I had 6 years ago. on 21st May.. the default I have on file for this debt is going to drop off, so I have been giving these guys the run around until it does before i responded and made small payment arrangements of what I could afford. This…
-
Past Due Debt Collector Chasing me for 7 year old debt
Hi, I couldn't figure out where best to post this, I posted it on the StepChange board & an advisor 'thanked' me for my question but nobody ever responded so hoping I have more luck on here, please feel free to redirect me if necessary. Before I got married, around 7 years ago I had an issue when Barclays took over my…
