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Debt-free wannabe

Archives for July 2015

Trouble with arrangement
Hi all. Sorry if this is the wrong category. I've been on a debt repayment scheme for years and after my husband left last year decided to do the plan alone to save fees. All my creditors corresponded and set up arrangements but one never answered all my correspondence which asked for paperwork and stated I would…
Negotiating full and final settlements with link Financial
Hi guys, Does anyone have experience with negotiating full and final settlements with link financial. I have an outstanding balance of 6900. I offered 700 to F&F settle and they rejected but offered 4490 to settle. Although this is a discount, I don't have the funds and want to get them down more! Any ideas or success…
Received a letter from Debt Services Manager LTD...for debt from 2005...
So I received a letter a few weeks ago from Debt Services Managers Limited ... or whatever they're called, saying that I owe £400 to some company from 2005. I haven't heard ANYTHING about this in the past 10 years and I don't even know what it's for. What should I do? I am in a bit of a sticky situation. This debt isn't on…
Friday 31st July - 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…
Help with old debt
Hi to all I am new to this site and is desperate for some advice. 2004 I stupidly took out loans and credit cards from Lloyds tsb bank. I was very good paid my monthly bills never missed a payment. Until I had to stop.work due to being sexually assaulted and my world fell apart. I did Contact bank as I had ppi . Only to be…
I've Done It!!!!
Good Evening All :o I just wanted to share with you all, tomorrow I am paying the last £500 of my debt. I AM OFFICIALLY DEBT FREE! When I fist started debt busting back in 2007, I (and my OH at the time) had close to 20k debt. Fast forward to now, and although i'm on my own now with the kids, i've still managed to keep…
Jacobs bailiffs not accepting payment plan
Hello everyone please bear with me I have an unpaid council tax bill of £700 I had a payment set up with jacobs to pay £110 a month, my husband had his wages cut so i missed last month's, two days ago I had a 48hr removal letter or payment in full, tried to call and straight to voice mail bill had risen to £947 Today knock…
Debt Support Plan "Review"
Hi I've been in a debt support plan for 6 and a half years, 12 months ago the Debt Management company I was with we're taken over by someone else, until now nothing changed. I've been written to now asking to supply my bank statements and payslips along with an income/expenditure review form. This never happened once in…
Thursday 30th July - 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…
What will happen?
I have recently posted a few messages on here getting advice on making a full and final settlement offer and negotations that will follow, etc. Anyway, there has been a bit of progress with my financial circumstances with me now possibly going to be in a position to repay in full the debts that I owe. If and when I am able…
Debt Managment Schemes and Share Ownershop
Hi I am currently in a debt management scheme - its likely that I will shortly inherit part of a house (50%) worth £180,000 - so let say I have £90,000 but nowhere to live. At a push I could find a one bedroom flat or studio but if I were to try the housing association route would my poor financial record go against me…
Cabot
Today i had a letter from Cabot saying they now own my debt from Halifax/blair oliver scott. I have been on a payment plan for about 3 years all fine no problems i guess they sold it due to its age. So in the same envelope was a letter from Halifax(notice of assignment)(not deed of assignment) basically saying cabot have…
Template letter needed please - setting up own DMP
Hi all I hope we all had a good day? I am going to bite the bullet and try to set up my own DMP. Does anyone have a template letter to send to the banks making them my offer and best chance of getting them to freeze / reduce interest please? I know they are not obliged to - but don't ask, don't get. Right?
CCJ Help
Hi me again - sorry so much to sort out and just want to make sure I do it properly. I spoke to Step for Change last night and they have put me on a token payment plan however he mentioned that I currently have 3 CCJ - one which I am making payments towards but the others not he mentioned that I should be filling in some…
Where would you start?
I earn £32317 and my wife earns £18300. I also receive £1000 after tax bonus every 3 months. We have way too much debt and would like to know where you think we should start overpaying? My debt is as follows; £16k to First Direct personal loan. 6yrs remaining and £220pm 11k to Renault Finance which is £200 per month. £300…
I need help with debt
Hi, I have not posted on here completely silly in my situation but here I go. When I was 19 I took out a payday loan in order to pay my rent whilst at university of £400 (silliest thing I have EVER done) - I eventually owed £30000 I now owe £20000 all on trying to pay back that original £400. Sometimes makes me want to…
Head firmly buried in the sand :(
Hi everyone I've been reading through the boards looking at how people get themselves debt free. I really want to dig myself out of this big hole I've landed in but I don't know where to begin! I don't even know how much debt I'm in or how I find out about it. I've tried with experian a few years back and my letter box…
Does paying old debt reset the 6yr Clock for Credit scores
Hi all, Any advice would be very welcome. I am being chased by Lowell Financial regarding some statue barred debt, which I intend to issue the standard Statute Barred letters to. I haven't done so yet as there is another debt with them from 2011 (thankfully my last remaining debt to clear (excluding statute barred ones!).…
Wednesday 29th July - 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…
BPO Collections ??
Wondered if someone could shed some light , I left the UK in 2005 payed up my outstanding Barclaycard Bill. Virtually 10 years to the day I've received an email from a company called bpo collections Our Client: Lowell Financial Original Company Name: Barclaycard BPO Reference No: 1Lowell Account No: 9======= Principal…

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