Debt-free wannabe

Archives for October 2018

DMP Reduction / Life changes
Self managing a DMP for big debts right now but circumstances are changing with employment and personal. Looks like going to have to write to creditors and explain with a new lower amount to ensure I can keep up to date with priority and accomodate the personal changes in my life What are peoples experience with this and…
IDRWW
ThREAD HAS BEEN DELETED THANKS
What small DFW things will you do w/c 29th October?
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…
Thirteen year old debt - still paying
In 2005, we (hubby and I) took out a loan for £20,832.13 with Loan Protection added of £6,282.31 (£5,067.06 plus £1,215.25 Interest) The total loan was £25,899.19. This loan was recommended to us by Lloyds as was the PPI on it. We said at the time that it would be hard to repay. but the adviser said it would consolidate…
Over £20,000 in debt
Failed cycles of IVF have got me to this point. I am lucky that I have a son from my first cycle but trying to give him a sibling has been tough - emotionally and financially. It's all on 0% credit cards which means no interest which is a good thing BUT it's still over £20k owed. Where do I start with paying it off - as…
Paying Down Credit Cards
Hi everyone, I'll appreciate any advice. We have in the past faced serious debt but I am very grateful to say that these days we are comfortable. However we are carrying a lot of credit card debt and I think if we managed them differently maybe we could pay them down faster. Here are our numbers: Card / Debt / APR /…
Debt Help For Single Mum - Ex Wracked Up Debts
Hi There Im writing this on behalf of a friend who i'm trying to help out. To cut a long story short, her EX has taken out a mobile phone contract and a credit card in her name and hasn't kept up with the commitments on these. Now she has got bailiff letters coming through to her. Now some people will say how did she not…
Daily overdraft fees are killing me
Hi all, brand new member here so apologies if this is in the wrong place. I shall start with a (hopefully) brief overview of my situation and hopefully one of you knowledgeable folks will be able to offer some sage advice. In 2015 my wife and I graduated from university and moved in together. Between us we had £4000 in…
25,000 credit card debt
Guys I need help from you and your team. I have got myself into an awful financial mess. I am in full time employment, home owner with mortgage, 7 kids, have 7 0% credit cards running a total of approx. 25000 debt and my salary wage is gone by the 2nd week off the month with my repayments. it is leaving me very much on the…
Finally took the plunge ....
So after years of lurking on here whilst at the same time consolidating my debts into bigger ones and taking out further credit to spend on things I never needed in the first place. Going through several bouts of depression and anxiety, a divorce various dysfunctional relationships. I finally went on to a DMP with step…
Pay it off or save it up?
Hello I am really looking for some reassurance that I am on the right track. I have £8900 worth of credit card debt across 3 cards. £1900 - 0% runs out in February 2019. Max limit £14k. (I have funds in a fixed bond that matures the day before the 0% runs out - perfect timing(!) - so I will pay that off immediately. £4100…
Average debt
What is the average non mortgage debt for a adult ie credit card on loan debt
Iva or bankruptcy
I was wondering if I could get advice here. My partner and myself are in about £30k worth of debt between us. The bills were manageable but since he was I danger of redundancy he chose to get another job which unfortunately pays a Heck of a lot less. Between us we pay £1230 a months on credit cards and loans. We have been…
Could someone please help me
Hi Sorry I’m not really sure if this is the right place to post this but need some advice / help from others that may have experienced the same thing. Here goes.... Basically my father has received a letter fromHeptonstalls Solicitors today stating he owes them £6k for medical injury hearing loss case he started with them.…
Council tax liability order, my address but someone else's name
I have received a letter in someone else's name (unknown to me) but my current address. It seems to be for "Council Tax Notice of liability order" asking for money owed by the said person some 10 years ago. It says it will be passed on to the enforcement agents. In the last few months I received 2 other letters in the same…
high income high debt!
Hello! I chose my username as I do feel optimistic about tacking my debts. We owe around 49k unsecured debt on a net montly take home pay of £5050 ( joint). Thankfully mortgage and other monthly outgoing are relatively low so it's manageable, albet high. Why is it that so many people with decent incomes ( like us) end of…
Complaints to PDL companies whilst setting up DMP
Hi guys n gals. I have been given different advices and really don't know where I stand. I have been stuck in cycle of PDL and high interest loans for the past 2 to 3 years but now it's time to sort myself out. I am currently going to go into DMP with SC this isn't up and running yet. I have two questions. 1. With payments…
Attachment of Earnings - taking random amounts
Last year I had an AOE put on my salary by the DWP for a budgeting loan from 2013. Rough amount was £501. At first it was fine, they were taking the 5% they were allowed. Then my company switched payroll companies and it all went wrong. First the April payment was taken from my wages but never reached the DWP. They say…
Bank card freeze
Hi, For anybody struggling with payday loans, certain bank apps now allow you to place a freeze on your debt card, for as long as you wish, you can enable or disable it from the app, all without any bank involvement. An emergency measure yes, long term advise should be taken from this forum, but if your in trouble, and you…
Lost my frugal way SOA
A lifetime ago I was a lurker on the OS boards and had 0 debt. Times have changed and I would welcome any help on how to bust the debt. Debt has been accumulated by big purchases such as car and a trip to disney that we were definitely going to pay off combined with disabilities affecting our career paths. Statement of…

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