Debt-free wannabe

Archives for September 2016

DMP Full & Final Settlement Advice
Hi Everyone Can anyone offer advice on negotiating F&F settlements on a DMP? Situation is: - DMP is 6 years old. 6 debts, current balance £40K and paying £200 per month in total for the entire 6 years. Will take another 20 or so years at this rate. - Was being managed by a company who charged a fee but they have just…
Any hints and tips??
Hi all Been advised that my post is best placed in this forum instead..... I'm not in debt, but i thought it would be good to share ideas/hints and tips/ good habits as to how people can save money. I'd like to think i'm fairly clued up on how to save not spend unnecessarily. I compare costs on things such as insurance/…
Summons to appear in court for owing £2.89 in council tax
Received a summons to appear before South Staffordshire Magistrates Court on the 25/10/2016 for non payment of council tax. I pay by debit card each month and on two occasions paid a month in advance and up until this month i was actually £1.11 in credit but when i came to pay this month i looked at last years bill and…
Setting up DMP. Im now terrified!
Hi, I am in the process of setting up a DMP with Step change. I guess before this I was living in ignorant bliss. Im now reading about charging orders and bankruptcy. Im terrified I will lose my home, I have a little boy who has already been through such a hardtime, his dad, my partner died of cancer 5 years ago. All my…
Post-uni debts - Best solution?
Hi all, Myself and my partner recently finished university. I've landed myself a job, which in future could be really good earnings wise; but alas, I'm currently a graduate and therefore, as my managing director put it "cheap as hell". But I do know the earning potential here is massive. Essentially, whilst at uni, me and…
Defaults on Credit Report
I got myself when I was young with credit cards and car payments. I have been unable to get credit in past few years due to this and noticed my credit rating got worse every time I tried. I read that defaults drop off credit rating after 6 years if this is the case mine will all be clear by 2/17, does this mean they are no…
Lost our home
Hi all, not sure if this is the correct place for this thread but can't find any other section that is appropriate. I'll try to condense this so it doesn't become too long. Back in late 2014 / early 2015 my grandmother was diagnosed with lung cancer as a result of smoking. At the time she was in Bournemouth visiting my…
Advice for paying our last loan
Hi guys! I'm new to the forum so hope this question is allowed. I was fortunate enough that when we purchased our house, my father loaned us the extra money we required so we didn't have to get a mortgage (we do pay him interest though). I have got the balance owed to him down to £8,000 and am wondering from this point…
Is StepChange the best option?
Hi All, Could please someone advise if there is a better option to get rid of debt that is already getting paid off via StepChange? My partner had few CC and loans after divorce. So he went to StepChange and paying around GBP450.00 per month now. Total debt is around 35k. What as I see will be around 7 years before he pays…
Did I reset debt for a further 6 years
Going to try and make this very quick. 2005 took out Aqua credit card. Defaulted on payments and last payment was made 5th July 2010. The sold the debt on. In early 2015 got 'scary' letters from Restons. Over the years I received letters from Cabot, Restons and probably some others over the same debt, it was just being…
Any ideas how to snowball a 4weekly debt
Any ideas as whatsthecost only does monthly? If there are, is there any calculators? Thanks
Ccj help
Hi my wife has just received a ccj letter through the post which I believe to be fake, the credit card that it relates to she'd stopped making payments to around 2005/6 yet the default date shows 2011 when she checked the account on noddle, I know that after 6 years from the date od default the debt is no longer enforcable…
How Much Do You Budget For Groceries?
Looking for some guidance, please. I'd like to find out what other households budget for and spend on groceries and household items each month. For the last 8 months or so we've been going over budget. We've not increased our food budget for a few years, and I really don't know if we're not budgeting enough or if there's…
NST October Finding Your Inner Ferret
NST OCTOBER; Finding your Inner Ferret NST Challenge: October Finding Your Inner Ferret Turtles are tough. Turtle rules are tough but they work. When you start your turtle journey the rules can feel overwhelming but they all help on the journey to debt freedom. The more rules you can keep the sooner you will achieve your…
Won case against next directory, but Lowell are taking me to court
Hello, 5 years ago Next took me to court over a debt and I won. Since then however I have been constantly harassed by multiple solicitors acting on behalf of Next. Today I received a letter from Lowell, which was a claim form to complete. I don't know what to do. I thought this was over. I know I have to acknowledge that…
Just some general advise please regarding various debts
Good afternoon MSE Ok so like many on here i have chucked letters away waited for final demands and let numerous CCJ pile up in my name making my credit score worthless so today id like to take the step to pay all that off or reduce it or anything positive. At the moment I am on jobseekers allowance I have not yet got my…
Confused over Secured Loan with WF
Hi all, I recently posted as I am having issues with a defaulted secured loan I have with Welcome Finance. Thanks to your advice, I did a SAR request and a CCA request both of which have been received now. Looking at the information and having done lots of late night reading this past month, one thing stands out (well lots…
mmile debt email from out the blue
So back in July I got an email from 'MMile'/MMF basically telling me that I have 2 debts with them, one for £110 and one for £65. which it appears they have bought from 'Northway'. I ignored this email and 2 months later (this week) they have sent a repeat email. Now, whilst I do have a chequered past with debts and debt…
Husbands debt - joint bank account query
Hi all, I am new here & hope you can help. My husband is about to enter into a debt management arrangement with StepChange, one of the creditors will be Barclays bank as we are always in our overdraft thanks to my husbands constant overspending. What worries me is that this is a joint account. My husband spoke to…
Desperately Need Help/Advice
I posted this in the wrong place to start with so apologise for that but didn't know how to move the post. Please can somebody help me, I'm desperate and don't know where else to turn. I'm ashamed to be posting here, but after years of trying to deal with it realise that I can't do that without any help. I'm spending…

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Ted Baker to close 15 stores as it falls into administration – your shopping, refund and gift card rights explained
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Nearly 850,000 people missed out on cheaper passports last year – here's how to cut costs and beat the upcoming price hikes
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