-
Will stopping payments make them default me?
Hoping someone can offer some advice. I was on a DMP with Stepchange but became self managed in Sept this year. I have debts with 5 different providers and so far only 2 have defaulted the accounts. HSBC have said they are reviewing their processes and therefore cannot do anything until that has been completed. They have…
-
Lowest offer from Intrum?
I’ve just had my third offer from Intrum which I could probably take (very kind son) but was wondering what’s the lowest offer anyone has recieved from them? I know all cases are different, just curious The offers have come every 3 months, maybe they’ll offer bigger discount next year but don’t think I’ll chance it
-
National Debt Service
I\m in the middle of talking to these guys, who have recommended an IVA. BUT should I be really thinking about getting my own ducks in a row and taking slightly longer to repay debt instead of adding their fees? I'm £50k in debt, but with good salary.
-
Reached breaking point
Hi All, so ive reached breaking point and have now unfortunately have to swallow my pride and begin the process of getting help with my debts. over a few years i have accrued 25k worth of debt! i have no one else to blame apart from my self but its a mixture of over committing as well as loosing work bonus (i used to use…
-
Help with CCJ, can it be set aside?
-
Amigo loan on a DMP
Hello all, I hope you're well. I have a friend who is in a lot of debt than she can manage. Unfortunately one of her loans is amigo loans, say if she goes on a debt management plan would she be able to include the amigo loan or would they go after the friend who agreed to co-sign it? I don't understand how amigo have given…
-
What small DFW things will you do w/c 9th 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…
-
County Court Claim with no CCA
Hi there, I have just been sent a Claim Form from Northampton County Court and wanted to know how to proceed. I have a debt with Arrow Global (previous MBNA I think from a Virgin Credit Card). They had Moorcroft acting on their behalf and all communication was through them. In June I asked for a CCA and Moorcroft replied…
-
Debt Consolidation - Help
Hello everyone, I have been lurking for a while, but finally accepted I need help to clear my debts. This including talking to my husband tonight about how bad it is. He kindly offered to get a loan in his name to consolidate my debts but the APR has come back higher than advertised and would mean paying approx £3.5K in…
-
Processing time for DMP payments
Hello all, I've recently made my first payment through my DMP on the 2nd of December. I've been keenly watching my NatWest loan account amongst others, and none of my accounts seem to have received payments yet. Apparently, StepChange sent payment on the 5th. So surely they would have received it by now?? When would these…
-
Credit Cold Turkey Advice
Hi All, I suppose I had my light bulb moment in October and have been working since then to budget properly inc planning ahead for bigger expenses, pay off debts and cut down spending. I feel like I did really well last month, but I'm struggling this month and really feel like I might have to use a credit card to make it…
-
Council Tax and Energy Debts
Excuse me if I'm in the wrong place, but this is my first post. I'm currently entering into a DMP, but it doesn't cover my council tax and energy debts which are becoming very stressful. I am a married mum of two, I work 30 hours a week and our income is very low. We rely on benefit top ups. My husband cannot work due to…
-
Order of Sale advice please
I would appreciate any help please....My husband has a historic debt with a high street bank on a business overdraft he was forced to personal guarantee by his business account manager (I question his conduct as he knew the business was in difficulty and my husband was vulnerable at the time trying to make ends meet!) The…
-
CCA’s can’t be provided.. Now what? What needs to be included on a full & final settlement offer?
I’ve had replies from 2 out of 3 of my debt collection agencies to say that they can’t locate the agreements so the debts are not enforceable. My plan was just to use this as bargaining tool to get a better full and final settlement deal (I already have defaults on all of the accounts btw). Is that the best course of…
-
Bankcruptcy question
Hi just a quick question if someone could help. 1 year ago i borrowed 10k of parents for a car but 6months later i sold the car and give them most of the money back as i lost my job and hit financial difficulties. I am applying for bankruptcy will they question this. Thank you
-
DWP chasing me for a debt I do not recognise
Hi there I just received this letter through the post saying I owe DWP £1220 which I have no clue about. Im currently on hold to speak with them but still cant get through after 40 minutes on hold. Will something like this have an adverse effect on my credit file? https://imgur.com/a/urVvtpb
-
Trying to Recover Debt Owed
Thank you sourcrates below :) Happy for this thread to be deleted now.
-
Are debt managment plans a good idea?
Hi guys need a bit of advice. I've been speaking to a company about a debt managmment plan. I owe around £29000.and done a budget with company and I can pay £1000 a month towards plan with no problem What is success rate with these plans. And. How likely for creditors to accept. Offer? Just need advise as scared they won't…
-
Is this a CCA?
Hi all, Hoping someone can advise if this s in fact a CCA? I'm advised by the DCA that it is but it doesn't appear to meet requirements, having never seen a proper CCA I wouldn't know one to see one. The card in question is from 2016. Page 2 redaction is my name and address at the time, below that it mentions U Switch was…
-
Can I represent wife in a joint DMP?
We have finally decided that we need some breathing space from our debt to get some sort of life back. We are both aware of our debts ,incomes and outgoings so I can see no reason why we should not consider a joint DMP. Firstly can anyone point out any pitfalls in handling matters in this way? Also,as I would be a better…
