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Debt-free wannabe

Archives for August 2017

Default notice help
Need some quotational advice please to use I'm a letter to the wonderful Lloyds Bank! I believe they wrongly defaulted an account a number of years too late. Basically in 2009 I started a DMP with CCCS now Stepchange, three of the debts passed to CCCS were Lloyds, a loan, credit card and overdraft. I sent postal orders…
On a DMP failed credit check for broadband
Arrgh didnt think it would be a problem as I have changed broadband suppliers in the past with no issue whilst on a DMP but attempted to switch from plusnet to ee but have been refused due to credit check. I thought it would be similar to car insurance etc where theres no problem. Is there any way of checking which…
Help - 35k in debt
I'm in a dire situation. Family of 3, I've got us into 35k worth of debt. Can't see a way out. Husband is at university, when he finishes his income will drop to £666 a month (as the currenty figure includes his student finance). Most of the debts are 0% til March 2018 at least (some go up to 2019) My issue is that I've…
What are my partners options? Came across Scottdeed?
Hello everyone, My partner who lives in Scotland is looking to get a debt management plan (debts around 7k according to Scottdeed who did a credit file search) and has come across these guys. http://www.scotdeed.co.uk/ My thinking is to avoid as they possibly charge for a plan and they are not mentioned on MSE anywhere.…
Sons Debts and Debt Recovery
Hello All, We are just at the start of what we fear is a long road. Our son is 19 and has left home in May 17. (For "left home" you could read "walked out / kicked out / asked to leave"). He has at least one big debt that we know about - £1241.37 now with Moorcroft Debt Recovery Limited for an unpaid EE mobile phone…
my sons payday loans
Hi my son over the years has taken several payday loans out and never repaid these. This was in the days of high interest. the last count a few years ago his debts totalled £15000. I wondered how he will stand with these now. I have tried to help him to get a DRO but seems to be burying his head in the sand. any advice…
Feel like I'm drowning in debt!
Hi, First time poster, long time lurker! I was hoping for some advice! I've gotten myself in a right mess with credit cards and was hoping someone may be able to give me some advice on how to move forward... I bought my own house last year at £110,000 - I managed to save £7,000 to put down and have done it all on my own -…
help with marston group
Please help! I had an old water bill from a previous address that I was paying for through a debt management plan, I had to pause my DMP for 3 months after my partner changed jobs and we were receiving less funds, during those 3 months the debt appears to have been moved to 2 seperate debt collectors without notifying me…
Changing Large Amounts of Euro's back to Pounds
I can't help with your question I'm afraid, but I would suggest you post on the banking forum. This is fir debt free wannabees and you may get more appropriate help elsewhere
Debt Free by 30!
Hi all, I’m here because I was inspired by another debt free diary by Lancashirelass1. I’ve recently been worrying about my debt which is currently all on credit cards at 0%. However, worrying won't get rid of it so it’s time I made a bit of a plan! I posted a few weeks ago about taking out a loan shift the debt as that…
Received this letter after sending Prove It to Lowell
Hello, I recently sent the prove it letter to Lowell and they have since sent me a response back. I have no idea what to do next, help really appreciated! Links to letter images below. I don't know how to straight attach the photos. http s://ibb.co/nyr72Q https :/ /ibb .co/e40ZhQ
Debt-Free in 3 Years!
Today I have made the decision that I will be debt free before we get our first mortgage. Hopefully we will be looking to buy in 2022/3, which gives me 5 years to become debt free & help save for a deposit. I have completed an SOA (below) and worked out what I owe and it is in the region of £13,000 (including interest and…
Bankruptcy and recent credit
Long story short I've had a horrendous first year of marriage husband left after a couple of months, had depression on and off for fifteen years, skipped back in to high functioning depression been awful with money and just borrowed and borrowed to pay off the borrowing and left myself constantly short. Tried to fix debt…
Pay off student loan?
I have a student loan outstanding of £7500. Currently paying £67 per month. Interest will rise to 4.6% in September. Have £60k savings with negligible interest due to abysmal ISA rates. No other debts. Good idea to pay off student loan or at least a big chunk of it to avoid the increasing interest? Thanks
Debt free in 3 years...? here's hoping for me and my boy
Hello Right, so last month I decided I needed to get my debt in order. I am a single, working mum with a son (10 months old) and my debt is currently crippling me. After much pondering over an IVA I decided to go it alone as I did not want to cloud of an IVA hanging over me when I could have potentially paid off the debt…
Payday Loan Help
Hi, Only recently after visiting this site did I complain to the payday lender I used back in 2007. Back then I was in a horrible place with a new-born baby and was constantly rolling over my loan, only receiving stat maternity and a single mother of 2. I did this a total of 28 times, when I complained to them they came…
Restons - CCJ Refused offer
Hi all, This is my first post so please bear with me. In January this year I received a CCJ for an old loan with Lloyds TSB, which I thought would no longer be enforceable as it no longer appears on my credit file, I wasn't ignoring it I was just trying to deal with my newest debt and now this has escalated; I was…
Any Advice - Being chased after CCJ
Hi all, Any advice or thoughts would be appreciated on this if you can... Short Story: Had a £100 limit store card (Topman/Burtons). Had Outstanding balance of £70-£80 in December 2010. Became an idiot, and didn't pay off balance, forgot about the card and moved house 4th January 2011. What Happened: I found out in late…
ARC Europe Ltd - supposed debt
I received a text message from ARC Europe Ltd asking me to ring them. I assume its for a debt, they have not sent me any letters. I have no idea what this debt possibly is. Do I ignore them, phone them to find out what this debt is. I have heard terrible things about how this 'company' goes about its business so I'm unsure…
Is this ok?
From our debts one of the creditors has said they need a settlement or a ccj will be placed on our house.....obviously we don't want that. They have said we can make a standing order of an extra amount monthly to ensure the debt is repaid within ten years. We are happy for this and could manage it. Would the other…

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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
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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
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.
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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.
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
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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.

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Debt-free wannabe

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