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Council tax arrears
Hi really not sure if this is right page but seems ok. In November bailiffs came to my home and took control of goods and took them away on that same day for unpaid council tax. I have since made an arrangement plan with them through a debt charity which I have kept to for the last three months. My question is what happens…
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Tax Credits suspended, not sure what to do now?
After some advice on where to turn or what to do here. Basically through a !!!! up with my employer who put incorrect details on my P60 we have had our tax credits working and child tax suspended until the new tax year in April. From 180 down to zero in one fell swoop and have an overpayment of 1400 (Sorry US Keyboard and…
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Not sure where to turn...
Hi all, So I am 25, my husband is 28 and we have two children, live in a privately rented house and the only asset we could say we have is a car that is on HP, my father in law is the guarantor for this, the payments go from his account and so we pay the monthly amount into his account to cover payments. Apart from that we…
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Budget recommendations
I have submitted an online budget to StepChange and it was all fairly easy.I'm a little confused about how much we should budget though. We do need to cut our outgoings so I inputted what I had put on my SOA. Stepchange suggested amounts for various areas e.g. smoking, mobiles and groceries as the amount I put in was to…
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Car finance question
I have a car on finance and I am not 100% clear on the name of the product. I bought the car for 15k and the way this loan works with Barclays Partner Finance is that they work out the interest there and then plus any costs and slap that on top and then divide the total by the number of months and then I pay that. So there…
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Monday 22nd February - what small DFW 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…
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Help??
Hi everyone My son has a debt issue but I am struggling to know what to do about it. Apologies for it being long winded, but any help would be very much appreciated. Very simply, my son took out a Vodaphone contract in 2012. Shortly afterwards he went with a friend to the Vodaphone shop and transferred the account to her.…
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Incorrect info on credit file
Hi guys, I'm new to the forum so applogies in advance if asking this question in the wrong place. I had a sofa on credit back in 2007, I split with my wife in 2008 and in 2012 I learnt that the sofa had not been paid for by my wife and that the credit company had got a solicitor to obtain a CCJ against me and also a…
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Dmp
On my plan my biggest balances are for two barclaycard account, I have managed to save up enough money to settle my other accounts as they are not very large amounts, I am wondering if I did settle these accounts would Barclaycard up my interest again the amount of interest at the minute is small has anyone had any…
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Debt collector letter
Hi all, I've been a browser of these forums for many years. I would like to thank this community for all of the help and advice that I have gleaned from your forum, over the years that I have been browsing. Right now, I need some advice that is more personal to me and my situation. I received a text message on Friday,…
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SOA advice - thank you
Hi everyone, here's my SOA draft. Please help with suggestions mostly on the daily/discretionary expenses part - anything that's not a regular bill. Those are estimates as I'm trying hard to come up with a future budget and stick to it. Many many thanks. Statement of Affairs and Personal Balance Sheet Household Information…
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Stuck in the cycle
Hi guys, Just wondered if anybody can help me out with some advice. I currently have a Natwest account which is sitting in an overdraft of £2,600 which I am determined to get rid of this year, I also have a barclaycard platinum visa which has a credit limit of £6,600 and is currently at £4,300 I try not to spend on as it…
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Staying debt free advice...
Hi, Just after a bit of advice. We budget monthly and everything always starts well at the start of the month, but usually half-way through it goes a bit pete tong. I think it's because we probably overspend (i.e. if you worked it out on XX per month = XX weekly) in the first half, so have to always pull the purse strings…
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Do F&F's mess up credit records again?
We are about to go self-managed after being on a DMP for 12 years with SC. This is to make it easier to do CCA requests followed by F&Fs to those that are left. My DH's only concern is that if we do F&Fs will these show on our credit reports again as having been settled, since all bar one of our defaults have disappeared?
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Help please with budgeting
Really struggling to work this out so hoping some lovely people on here can be of help. We currently receive benefits and I get a small wage from a part time job. The wages are a set date per month and the benefits are either monthly or 4 weekly. I am struggling to keep track to know what in the account is available to…
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Debt problems
I posted this elsewhere on this site and was advised to also post it here. First of all, sorry if I have picked the wrong section to post this in. The monthly cost of my debt is so high that in a good month I have very little money left and in a bad month I struggle to pay my bills. I own three properties, conservatively…
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Selling up to pay off debts?
Hi, I'm new on here so please bear with me. We finally got on the housing ladder 2.5 years ago after years of renting. We borrowed 20k from a very wealthy friend and pay him £100 a month to cover any interest he would have got and will eventually have to pay back 20k. We then got a mortgage and owe 180k on that. We bought…
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Overdrafts as Longterm borrowing
Just a topic for discussion. When did people (banks, the world in general) start thinking of using overdrafts as a form of long term borrowing. It does seem the case that people have "max out" overdrafts, and essentially treat them as another form of long term (very expensive) credit. When I was young, I seem to remember…
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Lowell portfolio sending false ccj
Hey good evening all I received recently a so called ccj off a firm called lowell portfolio and I have seen some threads saying they are con artists etc etc. First things first I haven't received any letters off them to my memory and this ccj they have sent me isn't official no stamp in the top left no court seal and the…
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Advice on high debt costs.
The monthly cost of my debt is so high that in a good month I have very little money left and in a bad month I struggle to pay my bills. I own three properties, conservatively valued at £350k which return me about £2k a month. My mortgages on them add up to about £180k and cost me about £1k a month. I also own a business…
