We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debt-free wannabe

Archives for January 2016

Constant phone calls
Hi Apologies as I know this has been asked before by loads of people but I can't seem to find any threads - is there a way of putting a search term into the site and it coming up with the relevant posts? Anyway - I'm with Stepchange at the moment on a Token Payment Plan (to be reviewed in the summer). Barclays Partner…
Partially Satisfied or Satisfied on Default Debt
I have 5 defaults on my credit file. I understand that these defaults will stay on my record for 6 years regardless of what I do with my debt. I have been offered a discount rate to pay back all the debt, and then I was told it will be shown as partially satisfied, instead of satisfied. The discount rate is about 40% on…
£12k default and FTB mortgage
Hi everyone, I am after some advice please. I have a default back in August 2011 for a car loan of £12k, I have been paying £1 token payment since. My credit has been perfect after the default, no late payment etc as I've learnt my lesson. Fast forward to today, I want to get on to the property ladder and have 13% deposit,…
LLoyds Collections
Hi All, Hoping one of your will be able to explain something to me and put my mind at rest so I can enjoy my weekend. Lloyds have recently contact me to say that they are forwarding my loan account to recovery and will be in the process of doing the same within the next few days with my credit card. The lady explained this…
Credit report query
Hello, I've been checking my credit report for a few months now so that I can be in more control of my debt situation. Everything is listed as it should be with correct balances except for my outstanding Quick Quid loan. It doesn't appear on Noddle anywhere. Previous Quick Quid loans that I have had are listed in the…
DIY DMP After Failed SC?
Hi all, I got myself on a DMP with Step Change back in August 2014 after a period of about 18 months of just putting my head into the sand and letting my debts get the best of me. All went very well for the first few months, but then the payments stopped due to my Daughter being born, and spending all bar about 4 weeks in…
Friday 28th January - What Small DFW-Style Things Will You Be Doing 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…
Incorrect Debt Collection
Hi, I went abroad for a year last January (2015). In around October/November 2014 i advised my internet provider that i wanted my month-to-month service to be cancelled on the 12th Jan 2015. I also asked if i could pay this up front which they also accepted (so i wouldn't need to pay it when i was abroad). After a month…
23K debt
Hiya I have a debt of about £23,000 over 6 different credit cards. The cards have been destroyed and no longer being used. Some have 0%, but some have interest being charged now. What would be the best way to consolidate it all and get it paid off? Further 0% balance transfer credit cards or low rate loans? Thank you
Debt legal advice - credit card agreement
Hi all Quick details - Barclaycard debt, £5000, live in Scotland I had a Barclaycard which was opened in 2008. Due to illness and redundancy I defaulted on the account and it was subsequently sold to Link Financial. I just want to note that I am not trying to get out of repayment my debt but I want to make sure I am being…
cca requested after a ccbc was letter was received
Hi just looking for some help, I received a dca letter from lowells saying I have 14 to reply or they would apply to the ccbc for judgement. I sent a prove it letter, and recieved a letter back just saying the date creditor, ect.. so sent a CCA request letter on the 6th of jan, and received a reply on the 18th just saying…
SOA - another newbie
Hello. I'm not in the UK (so amounts are not in pounds sternling), but I hope it's OK for me to post here and that someone can provide us with some suggestions. My husband has been unemployed for the past 8 months and I am a mature student (with 2.5 years still to go before I can work full-time again). I have a part-time…
Virgin Repayment
So Virgin have offered to allow me to pay back my credit card, which was at a very very high balance, montly, at no interest, via direct debit. It's a set monthly payment of £225 and last five years. This sounds too good to be true? Why would they do this? I guess sort of like cutting losses? Full edit: I know I'm not very…
Final Settlement Figures
Good Morning all and I hope you are all well! Apologies if this has been mentioned before, but I need some assistance and advice on how to proceed to hopefully becoming debt free! I have a few creditors and utility companies with money outstanding. Whilst I'm not paying any interest to them, I'm paying a minimal amount per…
Please look at my signature
:j:j:j:j:j:j:j:j:j:j:j:j:j:j I'd like to thank everyone for all the advice that has helped MASSIVELY, particular mention to Sourcrates who has been incredible helpful. I can now for the first time in my life actually start to save money - odd feeling but I like it :D
Thursday 28th January - 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…
loan with friend
I don't know how to phrase this, but a friend and I agreed to get a loan together , but now he isn't paying me his part (the loan is in my name.) I don'r mind covering the loan out of personal friendship, but I'd like something. I'm thinking of asking him just for a token cash ammount then I'll just personally pay off the…
Finance For Kids
Hi parents and concerned citizens I have struggling recently with the burning question... Is my daughter learning in school the essentials for today's ever changing world? I wonder if she has the "right" real life information when she leaves primary school and then further on when leaving secondary school... I then sit and…
Soon starting DMP - Bank Account Help
Hi Guys Following some help from here i am due to start a DMP soon but need some help with bank accounts. Currently i have two Barclays Accounts, Current Account - £2,000 overdraft (also have Barclaycard with them) i use this account to pay my own personal bills and have my salary paid into this Cash card account - I…
Please help
I had a personal loan in 2007 to cure some healthily problem with RBS, and i was paying normal until in 2009 i got unfairly dismissal from a big Oil and Gas company, i didn't now what to do because I'm not english. From 2010 i couldn't make the repayment, i was unemployed until 2012 which after I had a job on low wage,…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Debt-free wannabe

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Debt-free wannabe

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free