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Paying off debt with inheritance - how to do it?
I'm currently in a DMP with Stepchange for total debts just under £15k. I am receiving a cheque from my late grandmothers estate in the next couple of weeks for £10k. I am going to use the money to clear as much of my debt as possible. What is the best way to do it and how much could I expect my creditors to accept as…
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Charging orders. Force of sale?
I have a CCJ from 2015 for 13k. Hubby lost his job and we struggled to pay for a year and it ended up as a CCJ we agreed a payment with the court and all was sorted. Then last year it was passed to Restons Soloctors as we were accused of missing a payment. We hadnt as it was set up by direct debit but they insisted we had…
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Christmas Spending
Merry Christmas everyone - hope you had a lovely one. Just wanted to post to say that I really cut back my spending this year and I felt constant guilt since September, mainly because I felt that everyone would be upset or disappointed in their ‘one or two’ small gifts. I knew I couldn’t afford to spend a lot, and I stuck…
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Persistent Debt
Hello Everyone I am in what's classed as persistent debt. I owe approx £13,000 on four credit cards combined and a £1600 overdraft. Have had to cut down greatly at work due to sick husband who is 20 years older than me. I rang Barclaycard the other day as I had received a letter (the second one) about persistent debt. I…
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Digging myself out of my twenties Debt Hole
Digging myself out of my twenties Debt Hole Dear all I've been lurking on this board for some time, drawing inspiration from everyone's kind advice and support to one another. It's now time for me to bite the bullet and dig myself out of the gaping financial hole that I dug for myself in my twenties, where I relied on…
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What small DFW things will you do w/c 23rd December?
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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BigDreams family chasing the debt free dream
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Debts unmanageable after disability forcing 50% part-time.
Okay this is a long story so I’ve tried to bullet point the key things - and it’s still long! First though I should stress at this point in time I/we are not in arrears on any accounts and are not being chased for payments, no bailiffs, etc. We are trying to take early action for a “worse case scenario” but hope this does…
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How do I get out of this mess?
Hi there, Thanks in advance for taking the time to read this post. I'm seeking advice regarding my current financial situation. I have been slightly over my £1000 overdraft limit with Monzo (£0.50 per day charge) for the last three months because I have had to move house due to a recent separation. Each time I receive my…
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Bottom of the Pit
Hi all, I have been a reader on this forum for some time without actually posting but now I am in need of some advice please. I am a gambling addict, I have received counselling for this several times in the past 15 years and I have been successful in the past in controlling this addiction. However over the past 4 years I…
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Help please
Hi all can you please help me, i don’t want to go bankrupt but creditors are getting out of hand and i felt like topping myself to ending my life, Howell Solicitiors state they have obtained a CCJ against me, even thou Ive not had anything from the county court, i thought the court would of least send me a letter of CCJ…
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URGENT - collection order recieved from magistrates court
Answered..
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Debt time to face up
The story you have all heard a thousand times. Gambling debt. Good news is I am now 30 days and counting clean and have never felt better. Bad news. The total debt is now at £45k !!! I am a husband and a father. I have a mortgage with 17 years to go and cannot remortgage until 2 years time. I have never missed a payment to…
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Advice needed regarding CapQuest
Hi all, My mum had a finance agreement originally set up with a partner of Barclays (Clydesdale) in 2004 which was subsequently bought by CapQuest around 2007. The original amount was for just over £4k - there were a few overdue charges added in the following couple of years. However the remaining balance is currently…
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Notice of debt recovery
Hey everyone I've been paying off debt, bit by bit and I received 2 letters today, completely out of the blue. They are from a company called dcbl - "certificated bailiffs & high court enforcement". They are notices of debt recovery relating to "an unpaid debt". Apparently I owed £95 x 2 to Highview Parking LTD and that's…
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Looking for advice
I was wondering if anyone can advise me. My marriage is ending and our house that we bought a year and a half ago is in my husbands name. I paid half the deposit for the mortgage and pay half of all the bills. But my credit rating wasn’t good enough at the time to get on the mortgage. Could anyone advise me what I can do?…
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DMP/Guarentor loans help
Hi Currently with Gregory Pennington which is who my DMP is with at the moment. I know after reading through the forum that I should change to Step change and go from there. I will let you know how things go and my full story once things are in place. My only problem is that two of my creditors are Guarantor loans (I'm the…
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Help needed - Wescot debt letter
Hi, I've been looking through other threads on this board and haven't seen what to do in the situation I'm in so if anyone could give me advice it'd be much appreciated. A month or so ago I got a letter from Wescot Services Limited saying I had an outstanding debt of around £2,200. I did have some debts (not with Wescot or…
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Very counter claim
Bit of a funny one, it's a counter claim from Very. Basically I had a PS4 from Very in 2013 and it was found to have a manufacturing fault. Got an independent report and tried a long time to get Very to refund it to no avail. So I decided to try once more this year and do letter before action, which they also said no to.…
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My soa
HI there I feel like i've been here before with debt and got it all paid off but ive recently got married so we had some costs for that. I have accounted for every single penny of my wage and i do get substantial commisions most months from my job. I have attached my SOA and i'll explain some. THis is all my share of the…
