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Student Finance while on a DMP?
Hi, I'm on a DMP with Stepchange however I have just signed up to start a university course next month. The student finance is not repayable until I earn £21,000 a year, I currently earn £10,000 per year and the repayments won't start until I finish the course in 4 years time by which point my DMP will be finished. Do I…
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To consolidate or not
Hi everyone - I'm interested in your thoughts. Currently my partner and I have debts (credit cards, loan & over drafts) of £31k. I was looking to get a joint loan for £30k over 6 years (which is cheaper than what we are paying now) to clear all the debt and have one payment. We earn £56k jointly and pay £450 rent and £89…
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Full and final offer
Hi I have been on a DMP for nearly 10 years (since 2007) I found myself for several reasons being in a debt situation without any other “escape” anyway went on a dmp and paying around 200 GBP per month. I have now got around 12k left (out of an initial 30k+). What would be a reasonable amount for a full and final offer? I…
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Advantis debt letter with no explanation
Hi all, After some advice if possible... My partner has just received a rather odd letter from Advantis looking to collect £84.46 on behalf of Cabot Financial (Europe) Ltd. The problem is, we have absolutely no idea what it's regarding. As far as we are aware, there are no outstanding bills and we've not been contacted…
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The Start of my debt free wannabe my statement of affairs
Here is my statement of affairs. Things I have already realised: 1. I need to cut the amount we spend on food each month. 2. I need to not have a summer holiday next summer. Statement of Affairs and Personal Balance Sheet Monthly Income Details Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . .…
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Being harassed by creditor despite payments - Cabot
Hello In the last month Ive been bombarded with calls, letters, and now texts from Cabot. They bought 3 debts from my banks. I got very sick 5 years ago and had to default on a credit card, overdraft and a loan. I am left with long term illness. 1 Loan so old its since been written off. I still owe about £9k. I have been…
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Lloyds default preventable?
Hi I have a unusual scenario I've had an overdraft with tsb since I was at uni. Since its now totally under lloyds. It was a student then graduate account (not sure if there's significance in that) value = £2,000. The account opened 1999 in (graduate 2003) 2005 got married. Hubby wanted joint account so swapped banks but…
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My accountability diary
I'm not really asking for advice with this intro post. I know what I need to do, and I do want this to form part of my daily routine and to help keep me accountable. I have realised that despite my ability to make money, I'm really bad at managing it - so you see no matter how much money I make, I am still in debt!!! I…
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Debt advice needed, feeling scared. SOA posted
HI all. First post on MSE. I have been sliding further and further into a mess and I need help. It all began when I quit a stressful job a few years ago and ended up in a low paid job surviving on my credit card to get by. I also have an art business and as work was picking up I was planning on paying off my credit card…
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Need help choosing a solution. Debt since 18
Hi All I have been in debt ever since I turned 18 in 2008 - most of this debt I consider to be illegal debt... this is too long of a topic to go into now, but just so you get the gist I already had 3 payday loans and a large outstanding Santander loan when I applied to Nationwide for £10,000 - I also lied about my wage and…
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26K of debt...DMP, IVA or do it myself?
Hi, So I have 26k of debt across two loans, two credit cards and an overdraft so all unsecured. I began to get into debt at university and it has since spiralled. The lenders kept offering me money and I foolishly kept taking it. The two loans, one credit card and overdraft are with one lender. I am behind on the credit…
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Clearing overdraft advice wanted
Can anybody offer some advice please. My partner has a Barclays current account which is overdrawn and is paying about £50 a month in charges. He wants to clear this obviously. Barclays will only offer him a loan which he doesn't want. He is looking at credit card balance transfers but a lot say they won't do it from a…
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Debt sold on
hi all I received a letter yesterday from credit style limited relating to an outstanding balance from an energy company. However on closer inspection they state that I owe £556.04. The original debt was £516.04. So fair enough account for charges etc. However the fact that my DMP has been paying them £95/month for the…
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How do I help my sister?
Hi guys, Just a quick question. my sister was evicted from emergency housing when the council decided she'd made herself purposely homeless (she'd left an abusive, alcoholic partner) and had no responsibility to rehome her and her two kids. During the time she was there she lost her job due to health issues, and is now…
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Credit report help - Financial Associations
Just checked my credit report with Experian. Under the Financial Associations section, it shows a "Financial Connection" with my ex-partner in January 2008 (it specifically says, "Confirmation date 29/01/08"). The company name is shown as "EGG BANKING PLC". The only financial association I had with my ex-partner was a…
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Advice Re Payplan and DMP
Hi I originally had debts in 2003 of roughly £19k...I have been paying a DMP to Payplan over that amount of time and on checking my balances left I am down to £3.3k left. I am quite shocked at how after 13 years of paying I am still owing such a large amount one of the debts is actually greater than it was when I started.…
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What to do with £1200
I have just paid off all of my interest bearing debts. I am left with the below BarclayCard £1,944,72 45 min payment MBNA £2,162.89 25 payment HSBC £4,993.89 120 payment First Direct £1,298.41 41 payment Very £225.00 0 payment They are all currently 0% BarclayCard interest free runs out in 2017, I think MBNA runs out in…
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Some pointers?
Hi everyone, hoping you could give us some pointers? We're a couple, 32 and 30 respectively, and have had a lot of expenses recently. SOA is below but I'll give you the backstory now. My partner bought the flat that we live in in a city in the SE last March - I didn't go in on it at the time as I was worried about taking…
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Partial settlement mark question
Hi In a couple of weeks I'll be in a position to offer F&F payments on my debts. Ironically I've had a letter from Wescot asking me to call them to offer me a reduced settlement figure and that they will then put a partial settlement marker on my credit file. Should i be happy with this or asking for something else? Thanks
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What will you do today to make changes?
Mine are: Cancel experian Sign up to some online work (people per hour etc) Meal plan Stick stuff on eBay
