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Debt-free wannabe

Archives for January 2020

CCJ Set aside by consent
Hello, I hope somebody can offer some clarity & advise on my current situation. I took out several Shop Direct catalogue accounts shortly after turning 18 and quickly found myself in debt. They kept lending, I kept spending, and I quickly found myself in dire straights. It all became too much and I buried my head in the…
Is a personal loan the right choice?
Good evening all, With the upcoming changes to the overdraft charges, I'm currently having a think about my debt situation and what would be the best way to address it. I'm 24, a graduate and last year purchased my first home. Like most students, I'm current 'sat' in my overdraft of £2,000 and have a credit card that I've…
Jacobs help asap please
Hello Sorry if I’m posting in the wrong place. I got a bus lane fine that dates back to over 12 months ago however, I didn’t receive the original fine from the council. This is because I moved address and the DVLA didn’t update my address when I changed my log book. This has caused me other issues for example, I got a fine…
Settlement offer using Cabot website?
Has anyone successfully used their ‘settlement offer ‘ section? Wondering if it’s a yes/no answer or do they counter offer sometimes? Dog has vet tomorrow so will see if I have any dosh to spare!
Credit Report Update
Does anyone know how long it takes for banks to update credit information? Having paid my credit card off in full 23/11, I’m quite surprised to see it still outstanding on my credit report, which also says ‘last updated 8/12” Thank you to anyone who knows about these things.
Advice please
I have £87k mortgage I have £41k on credit cards, some are now starting to come off 0% I've previously consolidated debts before on our last remortgage and i'm being told we can't do again until 2023. Our house value is roughly £300k. I think ideally it would make sense to shift debt on to the mortgage as the rates would…
Advice what to do first?
Please allow me to give you some background. I have posted this in another section but a far shorter narrative. My current employment hasn’t proved successful in terms of my health and mental wellbeing so I have taken the rather drastic solution of leaving permanent employment on 31/01/20. To pursue other alternative roles…
Cahoot problem
Hi, I have just joined and this is my first post so apologies if I am in the wrong place. In 2012 I came into some money and settled a lot of debt my wife and I had ran up. Not all on a full repayment basis but all lenders agreed a proposed settlement figure. Four years later in 2016 we were going to Florida and a cheque…
Working our way through this. Any advice welcome
Good evening everyone. I am looking for some advice and guidance regarding our debt problem. We are a married couple of 40 & 41 with two lovely kids. In 2017 my wife had to stop working suddenly. I won't go into what happened, other than to say that it was a horrible set of circumstances beyond out control and there was no…
What is the best way to repay overdraft?
In June 2018, I was robbed by knifepoint at work they stole £186 from the till. I had about a month and a half off work. I ended up using my overdraft to cover the shortfall of wages. I have just struggled to get out of my overdraft. Every time I come close somethings happend. I owe £1300, what can I do to get out of it.…
Can i pay of a paypal credit debt by getting a 0% credit card?
Hi, so i ran up debt of £640 PayPal credit since my dad passed away last year and also 460 on a co op credit card and now I need to pay it back and get back on track. I have an income so could pay £60-100 a month easily but the interest I have no is really stressing me so wondered if i got a 0 percent Credit card if i…
Debt help asap
Hi guys I really need some advice. I work 36 hrs a week and I've had a very account for years, round but two December's ago I lost my dad as he had been ill a while, last year was horrendous I was having meltdowns etc over loosing dad, I started a new relationship Whixh has had a massive impact in a good way on my mental…
How to get debt free whilst unemployed
Hi everyone. I am not sure where to start really as I am a little bit embarrassed about my situation. My current situation is as follows, I have £3700 of credit card debt, which admittedly does not sound a lot but to me it is a huge amount and I am now worrying about how I shall repay it. I lost my job back in October, I…
What small DFW things will you do w/c 27th Jan?
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…
CCJ set aside question -*Success*
I asked for CCJ to set aside in December. In the beginning of January received a letter from Northampton Court that my case has been transferred to a local county court on 31 December. Since then I haven't heard anything. Is it normal for a local county court to take long time to answer and tell me when a new hearing will…
Getting to grips with my debt!
British gas default changed to settled
This month my british gas default on my account was changed to settled, but I havn't made any payment to the account and it was defaulted in june 2018. Anybody have any idea whats going on? Also I checked my experian report and it said my score went from like 500 to 913 but says my credit report etc is "unavailable and to…
Corner turned but still confused
Hi all, Sorry if this is the wrong place but I have been a LONG time reader of this board. I have various credit card debits but thankfully to the help of this board i got sorted and dont miss any payments. Been moving things over to 0% as and when the opportunity has come around but now i have new questions. I have a debt…
Lump sum IVA..how much?
Hi I have read about lump sum IVAs ( the ones where you pay a lump sum at the beginning then have monthly payments for around a year) but need to know how much of an upfront lump sum is deemed reasonable. Is there a guideline percentage based on your outstanding debt amount? I.e I have 55k debt and I currently have a 20k…
Dmp question
Hi just wondering if i choose a dmp route Will i be allowed to contiune to pay my parents Money what i owe

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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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Debt-free wannabe

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