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Debt-free wannabe

Archives for July 2020

Law re local authority and statue barred?
Hello all, I have a debt with my local council which dates from 2013 – which is now over7 years ago. At the time, I was in a bad situation and had no means of repaying the debt. They had sent numerous letters and threats, and had the same from various debt collection companies. I never responded to them and they…
Defaults on my Credit File with Small Monthly Payments to DCA
Hi I have 5-6 defaults on my credit file.I was not able to make on-time payments due to some unforeseen circumstances and defaulted.I understand that defaults will stay on my file for 6 years.I was getting letters and phone calls so I have contacted Debt Collection Agencies and arranged small monthly repayments for all the…
Arrangement to pay
hi all ive just been looking at my wife’s credit reports and on Equifax it is saying she has an arrangement to pay from July 2016. But it doesn’t show on her Experian report. I’ve read somewhere that if the account stays open it drops off Experian after 3 years and Equifax after 4 years, any truth in this? Thanks
feel like i'm going around in circles
Evening all, a little help would be great! I feel like I'm in a constant battle with myself. I'm trying to pay off as much debt as possible and would appreciate any suggestions! [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household...........…
Confused debts/accounts missing from credit reports
Hi all thanks for reading I am a bit confused tbh. I have today got my checkmyfile report (covers all 3 agencies it states) and I can't find some of my biggest debts (a few cc cards a barclays loan and barclays o/d all of which I have paid a nominal sum per month to for what seems like forever) The barclays debts are with…
Advice on options please
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
Debt management plans
Hi, I was on a debt management charity site which suggested a DMP to repay both my credit cards with one monthly payment which they say will take 3 years and 8months. I’m currently down hours at work and struggling with repayments and the interest at the minute. And with Covid I don’t know when things will pick up again,…
Defaults - What's the deal?
I'm looking to settle my debts in the near future. I currently have 3 accounts that a default was never issued for which remain on my credit file. I'm aware that these creditors could issue a default before they accept a settlement but my question is... Can they just register a default on my credit reference file without…
Advice for a newbie
Hi there. Just wanted some advice. I've been looking at the forum for the past few weeks but just joined today. To sum up. I pay £440p/m for mortgage I have 2 personal loans. One has 8.5k remaining and the other 6.6k. Combined Payments are £340 p/m. I have a pcp car finance at £170 p/m As soon as payday comes. And after…
Help Help .... getting started after lightbulb moment
Hi Apologies if this is posted in wrong place but really need some help to get me started on my DMP. Have spent years reading this forum and only just joined now unfortunately. Should have heeded all the wise words years ago but was too scared so did the usual ridiculous ways of trying to solve the debt problem -…
rent/mortgage & a new DMP
Hi guysI have been struggling with my credit cards for a few years now, never failing to meet my obligations to date but only able to make the minimum payments. My total debts are around £24k. Following seeing some advice on a credit card companies site i contacted Payplan for more info about a DMP. I have now started a…
Which debt to prioritise?
Good evening all, I'm just after some advice regarding my debts. Unsecured loan: £15,000 at 4.9% APR. I currently have £10,898.31 outstanding on that and I am paying £281.65 per month towards that. I have never missed a payment and I am OK to continue these payments. I also have a couple of credit card debts, however, RBS…
Asked for CCA sent transaction history
Hi I contacted PRA to request my CCA for a Lloyd’s credit card. Today they have sent me a list of transactions from 2018 - 2019. The account was opened in 2003 I am not sure what to do next any help would be appreciated. Thanks
Unable to pay secured loan - help and advice needed
It’s a long story so in a nutshell…I’m a full-time teacher of 10 years, my husband has been a self-employed plasterer for 21 years. We are homeowners with a mortgage and two children. In April 2018 he caught some type of virus (undiagnosed) and this developed into an auto immune disease – we think Fibromyalgia but after 2…
Robinson way old barclaycard debt
Hi all I opened up a barclaycard in 2008, defaulted on it in 2012. In 2018 they sent me a pre action protocol letter which I returned to them asking them to prove the debt was mine. last week they returned some items to me that look like potentially old statements. anyway I was paying them back through payplan with the…
Lowell Help,!
Hi I have had debt issues in past and over the last 2/3 years have gradually got myself back on track. I tried cleaning up credit file and thought I was doing well. All payments made on time and more than minimum. Then I get a txt to say Next we’re reducing my credit limit it was £150!!! Down to £100 due to adverse…
Getting a backdated default... Have I got anything to lose?
I have been on a DMP for 8 years. Most accounts registered as default early on so have dropped off but I have 3 accounts on my credit reference file from years ago that were never marked as defaulted. I've been advised to go back to the original creditor and ask them to add a backdated default date as these would then drop…
Financial advice please guys and gals appreciated thanks
Hi there , I’m not very financially minded I need to be especially during the current corona situation.Im a home owner £147,000 mortgage remaining on home valued at 175-180,000 29 years left, one year left with HSBC at £560 a month. Fixed. Currently ERP is £1100. I have a credit card with 6 months left at 0% with £6000…
ADVICE PLEASE: Settling a DMP early... why is it so complicated?!
Please help! I have been searching for advice for weeks and keep getting conflicting information. I have been on a DMP for 8 years with Pay Plan. I have 4 years to go with around £14k of debt left to pay off. A majority of the accounts were registered as defaulted 8 years ago so have now dropped off my credit reference…
lowell help please
hello. out of the blue I have received letters from Lowell asking for payment of an unpaid bill for British Gas from 2016. I contacted them using the template letter from here asking for more details. they have sent copy of final bill & covering letter with details of supply start date, end date, address & the last payment…

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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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