We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debt-free wannabe

Archives for September 2018

Pay off Credit card or loan?
Hello! I’m after some advice please ... I currently have 1 bank loan where I pay £235 back per month for 60 months. If I pay extra off my loan, I can use the payment to reduce the monthly amount or reduce the loan length (this option saves me money) . But! I have 2 credit cards, both of which are on a 0% interest rate for…
MBNA Debt showing twice
Hi, In the past couple of months I have received a letter from MBNA stating that they are going to sell the debt that I have with them to somebody else at the start of October. They then proceeded to change the account number of the debt. My credit file now shows 1 open debt for c£800, and a closed debt for c£900 (the…
What would a Full and Final settlement do to a clean credit file
Hi I was hoping someone has done this or can clarify the situation. I have been on a DMP for over 6 years now, slow reducing my old debts. My credit file is now clear, but I still owe. If i was to accept a full and final settlement offer from one of the companies would this show on my new clear credit file? any help…
Step Change DMP actually increasing my debt! Questions.
Hi All, Been a while since I posted. Long story short, lost my job just over 2 years ago and took me 5 months to get another job, tried to pay the full bills upto that point (think I managed around 3 or 4 months) and then was advised to goto a debt help company. So decided on Step Change. Phoned them and got a DMP started,…
Advice please....where to start
Hi Everyone I’m new around here and I need some advice. After a history of depression and anxiety and using shopping to help myself feel better I have landed here. I work part time and am Mum if 4. My husband covers the mortgage and household bills and I work for food shopping and children etc. I owe around : £2000 Next…
Which debt first? - SOA included
Dh and I are having a 'discussion' about which debt to hit first... We can't agree, so I thought I would turn to you lovely/nosy/helpful lot for advice. Here is my SOA for you. Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in…
Baby steps
Hello I am thinking about trying to follow the Dave Ramsey baby steps method. Baby step 1 is to set up an emergency fund of £1000, then baby step 2 is to start snowballing debt. The problem is I haven’t a clue how to start saving for the EF and I’m worried it will take me 2-3 months to put that aside, meantime i’ll Be…
Wescot Paypal debt collection
HI all, So a few months back I sold an item online through PayPal. I received the payment and posted the item to the seller. Almost a month later, I got an email from PayPal stating that the seller has opened a case for unauthorized payment. A day after that without providing any evidence, PayPal ruled in my favour and…
Notice of return of goods , help
hi all .. Looking for a little advice .. I bought a motorcycle about a year ago , the cost was around 11000 , of which I payed £5500 deposit , the rest was on finance ... I then continued to pay the monthly payments which totalled 1200 As a family we had a few upsets and some of the payments were missed , I contacted the…
Lantern - Unsigned and Dated CCA
Hi, Im having issues with Lantern UK, and in particular a debt from CFO Lending, that Lantern seem to be unwilling to deal with. I have logged an irresponisble lending complaint with them which they have rejected without any thought and with a copy and paste response, which i am taking to the ombudsman, once I have…
CRS imminent legal action
Hi there I have received a letter from crs debt collectors An imminent legal action letter . It's for a loan I had with loans to go about 2y ago. Now the original loan was 750 but they crs are asking for 1812 I am no way paying that I sort of buried my head in sand originally as lost job and couldnt pay so ignored loans to…
Gone away marker
Hi all I am in the early stages of becoming debt free and have already seemed advice and spent hours searching this wonderful website :-) On my credit report it says I owe British Gas £160. I tried to pay off the debt today so it would be marked as satisfied on my credit report (I’ve defaulted) however the advisor stated…
Total Fitness Debt - 6+ Years and Court Letter
Hi all - I’ve had a search but can’t find anything on my situation so need to ask. In recent months I’ve been receiving letters from a debt collector demanding £119 from a total fitness membership I had. I ignored the letters thinking they were just another debt collection agency trying it on. Anyhoo, I got a demand from…
Dmp help please
Hello All I am contacting you for some help. I have debts up to 27k which are : Barclay credit card: £13179 Natwest credit card : £5553 Natwest bank overdraft £6754 La Redoute £145 Freemans : £461 Next : £1107 I do not know what to do anymore to clear them, I have not defaulted on any and pay my mortgage on time. I am…
Where is my money going?!
I am not in much debt, student loan, mortgage, and just over £6000 on my credit card. This however is still stressing me out as I always go into my overdraft every month, even though all my bills are as small as they can be! Obviously I am overspending elsewhere, invisible, scary spending if you will, and I can just see it…
mortgae in Germany
Hi there, I currently have IVA in UK , I have been cheated by an agent in the past with very bad investment property in Germany, there is mortgage with bank, mortgage amount is 100k euro but property only worth around 60k euro, I really would like to walk away from the mortgage and these properties because I cant afford to…
A Moorcroft supposed debt question
Hi all, This is my first post on the forums so please be gentle :) 2 days ago I received an automated phone call saying my name and telling me to call a number. This was picked up on my answer phone. The message didn't identify who it was from and I wasn't going to just call a random number as it sounded dodgy. I wrote the…
No record of my account?
Ok, so this has become so frustrating to deal with now. Bit long winded sorry. I had a card with Barclaycard some years ago at a previous address - along with a bunch of other debts that all defaulted whilst I was unemployed. Everything else went to debt management companies. Barclaycard stayed at “late payment”. Over time…
Quick Question
Hi Just a quick one. We have 4 CC and an over draft. Our current mortgage is up for renewal on 31st January. I'm not looking to consolidate, but want to get a better deal. We've just cleared a Barclaycard this month leaving all debts over 3 CC (0%) and the overdraft. Rough total of debt is in my signature. Is it better for…
Late payment help
Hi I’m new to this forum so I don’t quite know how to post my own question but Anyway I have been in a lot of debt from when I was younger and I am trying to fix the situation for the passed couple years.although I am on a low income although I work full time but it seems all I do is spend on bills and debts which drives…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

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
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
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
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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 low-income 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.
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.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
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
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
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.

View All

Debt-free wannabe

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Debt-free wannabe

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free