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Debt-free wannabe

Archives for June 2019

Wescot - Partial Settlement gone wrong
Hello everyone! I was wondering if I could find some kind of guidance regarding an issue that I am facing. So I'll dive right into it, I had a default on a overdraft from few years ago. To settle the default I was paying £x monthly via Wescot since a number of years. I recently phoned wescot as I had received a letter from…
Help with Link entry on credit report
Barclaycard didnt default my account before it sold to Link in 2015. Contacted Barclaycard who acknowledged and removed entry entirely from my credit file and said it would write to Link to do the same. Link haven't As I was hoping to make a F&F offer this will screw up my credit report for a further 6 years? Should I…
F&F wording unenforceable debt
Hi all, All 4 dca have confirmed the debt is unenforceable at this time but reminded me that the debt is still owed, can be sold on etc.. I have a lump sum to offer across to close them down for good. No longer on credit report. Does anyone have any advice re the wording, do you refer to the fact the debt is unenforceable?…
CC Debt.
Hi there, I am asking for a friend: He has just paid off a credit card (nearly) only £500 remaining. He has another credit card with £2,400 he tells me he looks to get an partial settlement, will this damage his file and for such a low amount is it worth it. He can afford to pay it he tells me just simply wants to wipe the…
Struggling and feeling down about it...
Hey, How’s everyone’s week going so far? I’ll keep this short and sweet, I’m “30 something, single and living with parents” but I seem to really struggle with budgeting and more importantly saving to afford to move out... My monthly take home is £1350 and my expenses are as follows: Rent: £250 Car: £400 Phone: £140 Other…
How long before debts are sold to DCAs?
Do catalogue / credit card companies always sell debts to DCAs after a certain amount of time of an account being in default? If so, how long is it before a catalogue / credit card company passes the debt on?
What the hell can I do?
Hi all, Please bear with me, this is a complicated one. My CC/loan debt has spiralled to £35K after having cared for a parent through a breakdown and then suffering my own mental health issues. Up until now, I've been able to keep up with repayments (around £1000 per month) as my salary is £45K. However, I've now been…
gone from £30k to -£3000
.........sssssssssssss ssssssss
Step change to self managed?
Hi all! I'm looking for some opinions from anyone that may have gone on to a self managed DMP from step change? I have been with SC for 3 years and 50% of my debt has been paid I currently owe: Cabot Financial - £6,386 (defaulted) Moorcroft/Arrow - £2,034 (defaulted) Capital One - £1002 (defaulted) Yorkshire Bank Card…
Credit Card statement arrived but due a refund soon
I received my credit card statement and have to pay around £175. But I am due to receive a refund of £85 from a retailer over the next few days. My account has a minimum payment of £5, can I pay them £90 on my card without owing them interest, I always pay the full balance but as I am getting a refund, don't really want to…
What small DFW things will you do w/c 24th June?
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…
Need help with budgeting
Hi, my husband and I are having trouble budgeting. I get paid monthly but he gets paid weekly. I pay the monthly rent and most of the household bills at the start of the month which leaves me with barely any money left and then he pays me back rent money each week for the rest of the month. From the spreadsheet I use to…
DAS, DPP and credit file confusion!
Hi! I have recently taken myself out of my dpp with stepchange. Many reasons, but mainly because it is showing on my credit file with all companies under the insolvency tab. Now I know it’s not insolvency but as something flags up all the automated systems tell me it’s a ccj. None of the credit ref agencies can explain…
order for production of statement of means
Received order for production of statement of means today dated 17th of June 2019 N61 form with no prior letters from 1st credit finance ltd for £8,600 from old credit card debt over 6 years old never every had contact what can i do can anyone offer advice please.
This time I mean business!
I've lurked around the forum for some time. I have a history of living beyond my means for most of my adult life. Debt has become the norm for me and I have usually managed to pay it off via a house sale or redundancy. But once again I'm in the same position. I owe just over£7k. It's almost cost me my relationship as I hid…
British Gas Trading - Supply of Electricity
Hello, I'm new to the forum and am hoping to get some advice regarding a debt recovery letter I have recently received a letter from a firm of solicitors acting on behalf of British Gas Trading Limited stating a balance of over £2000 is owed for supply of electricity to a high street property I own that was unoccupied for…
Debt Management help!
Hi Guys, I have some debt being chased by this comapany called CCI debt management, this is for a business email hosting domain I subscribed to for my business but forget to unsubscribe, I never used their services whatsoever, but they don't seem to care when I called fastshosts as the debt is being dealt with a separate…
Lowell debt...?
Hi, I have recently sent my defence to the court, with letters and a CPR31, requesting for the documents of the alleged debt. I have now received a Directions Questionaire, directly from Lowell, asking me if I would agree to a small claims mediation service. I have not received anything that I have requested. Do I accept…
Debt help needed.
Hi there folks My hubby and I have had a terrible lightbulb moment. We are in debt to the tune of 25000. all spent by us. We have a question that I hope all of you great folks will be able to answer. We have car finance. I know, what a stupid thing to do. we are definitely on a learning curve. My question is somewhat daft,…
Ebay/Paypal debt due to fraud, options ?
Hi All, Background: I sold an item on ebay, the buyer returned the item- he sent the item to a different address other than mine. When I told royal mail they went to this second address and recovered what was sent to this second address, they recovered some random A4 paper not the item. I told ebay that the item has not…

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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
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.

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