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Paying £1 to my creditors- advice from StepChange
I have been advised by StepChange to cancel all my credit card direct debits, and then write to them telling them i'm going to be paying them £1 per month. Do the credit card companies freeze the interest in this case then? If they didnt freeze the interest then i would be just getting more and more into debt. Has anyone…
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Account on hold.....but they are useless!
I had a loan with sainsburys with when I went into my DMP got sold to Arrow Global, however Moorcroft Debt Recovery are the 'collection company' Te account is in default and the default expires December 2016. Back in May I sent a CCA request to them, a month later they confirmed receipt of the letter and they suspended…
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Starting with good intentions
Hi I have been a stalker on here for a while as I try and sort out my plan of paying all my debt off. I have a total of £18,363.48 of debt between credit cards, personal loans, CCJ and Council Tax. My debt crept up many years ago when I left my ex...I was paying half a mortgage, rent for my own place and spending money I…
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Opinions on my plan to clear my debt
Hi, I am currently in a dmp with Payplan, with a balance of approx £15000. At the moment it is going to take many more years to clear this. My parents can gift me approx £5000, with the view of offering a final settlement at approx 60-70%, my partner will take out a loan for the remainder of what they would be willing to…
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light bulb moment again
after an emu approach to our fiances last few years we've really gone back to basics big time to overpay mortgage and reduce my hours put balance of credit card on 0% ( we had a Tesco credit card for the points and paid of every month anyway but lost track of spending as so easy to pop things on the card and then every…
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Tuesday 22nd September - 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…
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The phantom CCJ
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Settlement help MKDP won't negotiate
I am in a CCJ for a debt of around 2800 now owned by MKDP. I spoke to them today to offer a settlement as my sister has offered to pay off for me. I offered £750 (thought best to go in low) and they said they will not go lower than £1740 which is more than my sister has got. I am about to have a baby and am not going…
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How to start paying CCJ
Hi, New poster here and need advice. I was randomly checking my credit report on noddle and while browsing I found a CCJ issued 15/09/2015 for £897 from Lowell group. I moved house 2 months ago and had not knew anything of the court order. I acknowledge the debt is mine and im now in a better financial situation to pay.…
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Lowell Capital One dispute.
I have chased Lowell re a supposed £900 default on my credit file registered 2011 for a capital one card. I started calling them in Jan this year to demand statements as I suspect fraudulent activity. Ever since I have called every 2 weeks just to be told that they are still waiting for the statements from Capital One... I…
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Student finance come in - how to deal with it
Sounds silly, OH just got his first installment of Student Finance £2606 in to my account. This covers October - November - December. When filling out YNAB I had just been thinking of it in a salary sense, ie £868 monthly salary. Which in theory works fine But now its in my account I am really flipping worried. Large…
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court fine help
Hiya, So long story short. About 5/6 months ago we were really short on money due to MOT and the day before pay day OH rode ethe train without a ticket and obviously got caught. Now, since then we have moved and never had any letter about the fine sent to our new address until our ex-land lady passed on a summons to court…
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Monday 21st September - 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…
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Old user revisiting
Hi everyone, I've not visited this for a little while which is bad on my part. It was a chance visit many years ago that actually gave me that light bulb moment we all bang on about so much where we all sit down and think "christ, what am I doing with my finances???", and where I actually made a conscious effort to sit…
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From care-free spender to debt-free saver
I've never really thought too much about debt. I earn more money than I need to get by on. Not a spectacular amount by any means, but my outgoings have always been pretty low. For the longest time I've just spent money on what I wanted and added direct debits for services that I wanted to use without really thinking about…
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CCA/Prove It/Old Debt
Hello I’ve been a long time lurker on these forums having used this a number of times to help with previous debts and now I am looking for some help/advice to ensure I am on the right track. I took out a Barclaycard in around 2002-2004, the interest became crippling over the years and in 2007/2008 from the advice on these…
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Irregular Overtime
Hi all, Apologies if this is a bit of a newbie question. I'm looking at either an IVA or a DMP and I'm wondering how these work with a variable income. I've been told to work the budget out using my basic income (obviously sensible) however I have a fairly irregular working pattern that can mean I can sometimes bring in an…
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What permanent changes have you made on your journey?
For me it's been charity shops! I could spend a hundred quid easy on a credit card in primark kidding myself I was getting bargains because it's cheap and failing to see I was still spending £100!! These days I buy in charity shops and now when I go to cheaper shops like tesco or primark a £10 top seems rather expensive…
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Seeing zero balances are fab - where I am now and where we want to be
Hi All I have been following these threads for a while and have to say the support from the majority seems very warm. My husband and I have some debt and have been paying it off. We currently have: Me Capital 1 - £750 - minimum is £25 a month but will pay £100 a month till next may when it should be gone Barclaycard - £840…
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Pay default or not
I have 2 defaults on my credit file currently: 1. Provident: £1,407 Defaulted on Jan 2013 - Partial Settlement June 2013 2. Vanquis: £3,545 (showing on credit file as Lowell) - Defaulted on Oct 2013 - Unsettled Aside from these I have 2 credit cards and various other accounts: Car finance, O2, BT, Virgin etc - all are paid…
