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Debt-free wannabe

Archives for May 2017

Please help me
Hello, this is my first time posting on here & I'm in a bit of a mess. I have- approx £8,000 debt on 2 different credit cards- both accruing interest at 18/19% approx £12,000 outstanding on a loan at 11% (with 4 years left to go.) about £10,000 on car finance (unsure of apr but have about 3 1/2 years left on it.) I need my…
O2 Default - Completely Unaware
Hi there, I reviewed my credit file today and saw that I have a default recorded by O2, which was under my closed accounts, for £20. Of which I paid anyway. Totally bizarre. Apparently the account defaulted in July 2012 and I had no idea this happened. And especially for £20!! I have emailed their credit referrals for more…
Student finance dispute
Hi everyone, my first time posting so apologies if I've posted in the wrong place! I'm currently in a dispute with student finance, they contacted me at the end of last year saying I owe them £2100 for an overpayment of a childcare grant from 2009/10 (this was my last year at university). My first question to them was why…
Help with HSBC Managed Loan
Morning all, I'm looking for some advice on a Managed loan we had with HSBC starting in 2010. At the time we were struggling to make ends meet and had a debt of around £17,000 with HSBC. This included overdrafts, a personal loan and credit cards. HSBC suddenly decided we had to pay back all outstanding amounts within 14…
Stop the overdraft fees and debt!
Hi, I am in urgent need of help!!! It's hard to describe everything but here goes... I have an overdraft of £1000 which I reach by the end of each month. I've made massive cutbacks, made a budget plan and worked out I can save (if I am good) £250 per month. Here's the problem - I am being charged arranged overdraft fees…
Cancelling DMP to manage myself
Hi, I've had a DMP since 2009 and had 7 creditors. Now only two remaining and thinking of managing them myself so I can negotiate a F&F. Also, feels quite good to be out of a DMP! Finally!! However, is there a catch? Could I get charged with interest on remaining debt etc? Thanks.
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Welcome finance secured loan
Hi all, Back in 2007 I took a loan (one of many ) with welcome finance. I had defaulted on all my accounts by 2009 and buried my head in the sand until around 2014 when I started to payback what I owed. I used my credit file to make contact with those I owed money too( I had destroyed all my paperwork relating to my…
Link Financial
Hi there, Have an outstanding debt of £4k with Link Financials. I requested a copy of my credit agreement on the 24th April and they responded on the 27th April to state that they didn't hold the information but would request from Barclaycard. They stated that this could take up to 30 days to provide. Obviously that date…
Bit of help if your free....
Hi everyone, im not going to bore you all with my problems but im looking for some help, i have finally decided to stop hiding the fact that i suffer from manic depression (currently on medication and undergoing therapy). Im looking for a template letter to send to my creditors to ask for there help, i currently have…
Help With Arrow Global
Hi All , Just need a bit of advise on this ,my Wife has just received at attachment of earnings from the court ,authorized to take payment direct from her wage for Arrow Global of which we knew nothing about for a debt going back to 2011 To this day we have never received 1/notice of assignment 2/Statement of account…
In secret debt and clueless
Hi all. Is it worth applying for a balance transfer credit card if I'm a stay at home mum with no personal income? I'm here because I'm finally facing up to the £4000 of secret credit card debt I've slowly accrued since becoming a stay at home mum 3 years ago. Even if I'm eligible would a balance transfer card offer me…
Advice needed for debt collection
Hi everyone, My first time posting here so apologies if I am not in the right place. I have been repaying debts for a couple of years now and I have been on the right track, I have less than £1k to go until I am debt free! In the past couple of months I have been receiving letters from B W Legal regarding an old debt -…
Hsbc
Ok so few years ago (2015) had a current account with HSBC/savings account. Shut HSBC Current account down but savings account stayed open (wanted different current) Secure key broke so reset detail... Now I reset my details today (Forgot them after a few years) told me to ring number to reset login' Found out my telephone…
dmp help
Hi all, need some advice. I set up a dmp on Friday. Management company advised that switch bank accounts. I switched from LLYODS to SANTANDER using switch service but without my overdraft. Switch process began on friday and should be completed by 7.6.17, my DMP includes an overdraft with LLYODS for 4,600. My wages get paid…
How best to use a bonus? Pay off debt, save for a larger settlement or mortgage
I can't find a thread which deals with my specific situation so hopefully someone will read this and have a bit more of a clue... I have been on a DMP for 10 years and as such, I am no longer paying for the service. It keeps the wolves from the door and keeps the whole thing off my mind to a certain extent. I have noticed…
What small DFW things will you do this week? w/c 29/05
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…
urgent help required regarding Notice of Issue to Warrant of Control
Hi, I have not sure if I have posted in the wrong area. I have received a notice of warrant of control from the local county court to my parents address amongst other letters. I haven't visited this address for 2 months and have lived 200 miles for the past 12 months and am registered on the electoral register at the other…
Can I move one DMP debt to reduce interest charges?
Hi all...not been on this board for a long time but need a bit of advice. We're in a DMP (Stepchange) which has been rumbling along for a few years now. 3 creditors, two of which have stopped interest, so our debts have reduced nicely as we've gone along. A Marbles CC debt has been taken over by Robinson Way. We pay just…
I'm in a mess
Hello....I need some advice desperately! I have a lot of debt left over from my younger years and don't know what to do to get rid of it. I currently earn £17,000 per year and have £6000 on a credit card. I can't balance transfer because I am not allowed such a high limit because of my low salary... Out of my £1100 every…

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MSE News

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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
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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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.
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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.

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