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How to get Lending Stream to default my account
I'm started my DMP in Jan 2017 since Feb 2017 Lending steam have reported that my account has been in a DMP and then since Oct 2017 it says 6 late payment markers. I have asked them to default, the 3 accounts from Feb last year as they have clearly acknowledged my difficulties to pay and as a dmp is a long term solution. I…
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Able to pay before repossession hearing
We have a repossession hearing due next week, but are now in a position to pay the full amount (balance of an interest only mortgage that has gone beyond term) this week. As the hearing will presumably not be necessary, will there be any saving on legal fees? (I'm guessing not)
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Consumer Credit Act
Hi all I am arguing with a solicitor who is trying to collect money from me. The solicitor has stated that: "this contract does not fall within the Consumer Credit Act" Can I be pursued through the courts for this ? FJ
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Husband in debt. Where does that leave me?
My husband has revealed that he is in debt. We have 30k outstanding on credit cards and his wages do not cover our household expenses. We jointly own our house and I pay the mortgage which almost takes all my income. He inherited a house 7 years ago, but it remains unsold and uninhabited. He is still paying to maintain it.…
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Want to be a DFW
Hi All, This is my first ever forum that I have joined and my first ever post I have ever made. I feel a bit silly trying to talk about my issues with the web but I am hoping that someone (anyone?) will be able to give me some advice and help me to form some good habits. My current situation: I am a working professional in…
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Use savings or interest free credit card
My wife is currently on maternity leave and returns to work in November. Her pay is rapidly dropping and soon she won’t have any income for a few months. We have £5000 in savings which we will need to begin using when her pay drops down. My other option is I have an interest free credit card for the next 27 months. Would…
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In a mess
Hello Can anyone help please. I’ve finally took some steps for my debt, I am in the process of writing to creditors of my situation and asking the, to hold action on my account (using national debt line templates) my situation is I separated from my partner in October last year, have mental health issues and chronic neck…
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Any advice to help
Hello, I'm trying to get my debt in order and so far I'm doing ok but I seem stuck and can't figure a solution. I've managed to get most of my debt form high interest CC's to 0% but I have two overdrafts left and one CC with interest: Small overdraft bal £500 left Large overdraft £1900 This is how the bank charge for the…
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Overdraft woes!
Oh my goodness, how frustrated am I?! I have an overdraft. I want to decrease it. Tried to do it online but a message comes back telling me to telephone. Been on the phone 40 mins! For some unknown reason the advisor tells me there is a notice of correction on my account and they have to carry out a credit search. I've…
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What to do...??
Hello MoneySavers! I'm looking for some advice. I have been in debt for pretty much my entire adult life, at worst I owed about 42k but with some hard work and determination I got that down to about 10k. Then last summer I was offered a job overseas, with a massive salary, free accommodation, the opportunity to travel and…
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Argos Card/Wescot Debt Help
Hi people. I've not dealt with something like this before so I would really like advice. My boyfriend has an Argos Card in debt for, lets say, around 400-450. We can't afford to pay it in full, but the monthly payments were doable. The issue however is that my boyfriend is very forgetful and constantly forgot to pay it and…
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Lost job - credit card debt
Hello all I would like some initial advice on my situation if possible, my situation is the following. - Lost job last month, was making £70k+ a year (basic salary plus commission) - Have a mortgage with other half - I have credit card debts (only me, not my other half) these are: Amex - £10,000 MBNA - £12,500 (money…
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What small DFW things will you do w/c 26th March?
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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Vodafone debt collection letter from Fredrickson
My mother in-law has had an outstanding bill from Vodafone for £106, we found a letter today that was sent earlier in the month from Fredrickson which now states that she owes over £400! On the final demand letter from Vodafone it stated that that charges would be (at most) another £100 plus 15%. She has had several brain…
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I want to consolidate but can't!
I bought a flat last January and got a ~£75k mortgage, using all of my savings for the deposit. I had a good credit rating and was offered increased limits on my 2 credit cards soon after. I also took out a loan for £14k to pay for some work the flat needed doing before I could move in. All seemed fine. Then, I overspent…
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Advice needed on reducing credit card debt
Hello My situation is I have around £21k on 5 credit cards, no missed payments etc, all on various 0% deals (ending from April 2018 to June 2019). I'm on new style JSA at the moment (no other benefits) but have about £17k in savings. I'm an owner occupier (mortgage free). I need some advice on what the best way is to use…
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Stressed
Due to gambling and husband out of work for a time, my daughter got in debt to the tune of £20000 and has over the last year gradually borrowed £15200 from my pension savings and also has had a loan for £5000. She only works part time as she has a son. After much badgering she told her husband but only said she owed £7000.…
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Rate tart in rehab - update
Just a quick update for anyone who read my original post in January 2017 .... I've been trying really hard to stick to the "every spare penny" mantra and have made good progress with the credit card debt. I've had a few hiccups along the way in the form of last minute bargain holidays and concert tickets (temptations I…
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Legal rights to delaying bills
Hi We had a problem with the council, as they stopped our ESA payment, because of we are in receipt of universal credit after we chased them re council tax rebate. universal credit was deducting esa and everything was fine, except for universal credit still owes us money in respect of deductions which should not be made re…
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Fully Settled vs. Partially Settled
Sorry, another stupid question: Other than the obvious, what is the difference between an account being fully settled and partially settled in terms of how it will affect things in the future? My defaults are almost 3 years in now and I'm currently looking at F&F settlements so just wondered if there are any negative…
