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Plans for bailiffs to be self-regulated but Martin Lewis warns compulsory regulation is needed
Plans for bailiffs in England and Wales to be self-regulated have been put forward by the Centre for Social Justice in a bid to better protect people in debt. But Martin Lewis, founder of MoneySavingExpert.com, warns that the industry-funded body doesn't go far enough, saying that every bailiff firm needs to be "tightly…
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Consolidating...Is this a stupid idea???
So I just back at work after maternity leave (have posted before!!) I have realised we have a considerable amount of equity in the house which we were hoping to release with a view to renovating our very old farm house (rewire/new roof etc!). It needs done and interest rates are low atm. Anyway given current building…
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Possible to update your creditors on address without acknowledging debt?
I want to write to the creditors I have debt with that are on my credit report so that they have my current address and I don't get any backdoor CCJ's. But I don't want to acknowledge the debt and reset the statute barred timer. Is this possible?
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What Small DFW Things Will You Do This Week 26/07/21?
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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Quick Question - Getting company to accept a DMP proposal for longer than three months
Hi folks, Quick question. I used a CAB template letter to contact the companies to offer a DMP programme that I manage myself. (I would rather do it myself than have another company like StepChange do it) On of the companies were only willing to stop interest/accept reduced payment for a three month period. I sent them my…
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Daughters in debt, we’re in shock, options?
Hi all, Need some pointers as where to access support and/or options. Daughter just moved back home after splitting up from boyfriend after 2 years. Unfortunately, she’s admitted accruing debts, 3 x credit cards all maxed , 1x loan. She has a car on pcp, she’s had a next account, very, and klarna account which she’s…
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Hurrah! I made it!
a. The date of your lightbulb moment: 2 years ago I realised I had to really change my lifestyle and spending habits b. Debts at their highest: £12k about 9 years ago c. Debt-Free Date: Friday 23 July 2021. Next plan is to try to earn extra more (2nd job, side hustle or aim for payrise later in the year) and save deposit…
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Unknown CCJ
SOMEONE PLEAAASSSEEE HELP ME! In 2007 I bought a house in Manchester with my ex, soon after the “credit crunch” hit and we literally lost half the value of the house. In 2011 we separated and I moved back to London (I have not been to the house since!). We couldn’t sell the house because of the massive negative equity, it…
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Is there a process people must take to recover debts?
Evening all. But of a strange one - came home yesterday to a letter from a debt collection agency saying I owe an amount to a company I haven't used since 2019. We used the company for 5 years and all payments were via direct debit. We did cancel the direct debit but not until 2 full months after the company stopped taking…
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Debt management questions
So I'm looking at using a debt management scheme as I'm 21k in debt with numerous credit cards and catalogue's and as I've recently lost my job due to becoming disabled I'm going to find it hard to keep up with all the payments. My question is if I use a debt management place then what happens to my credit cards once paid…
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Ccj
Is it possible someone could help with this received this letter today for a ccj that’s nearly 7 years old payments all upto date don’t quite understand what it means is it still with intrum but they are notifying me of change of solicitor? Does that change anything or does everything stay the same I’ll ring up Monday but…
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Lowell portfolio 1 ltd
I’ve had a notice of proposed allocation to the small claims track , 1 this is now a defended claim 2 it appears this case is suitable for small claims track I have offered what I can afford & my part admission was not accepted.. Do I except mediation? I don’t know if I’m coming or going and have quite a few debts piling…
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Court Ordered Compensation Advice Please
Apologies I know this probably isn’t the correct forum but I can’t seem to identify one that would be, if you have a suggestion about this I’m happy to hear it. Anyway, following a court case at the beginning of June the defendant was ordered to pay me compensation, I was supposed to receive half at the end of June and the…
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Overcoming Debt Mentally
Hi, I have had £12,000 worth of credit card which has plagued myself for almost 4 years. I decided in March last year to make a plan to pay it off which I have successfully have done as recent as around 2 weeks ago. The debt has caused myself anxiety (not diagnosed) and I have probably thought about it near enough every…
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Moved: 0% balance transfer
This discussion has been moved.
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CCJs and Old Debt
Afternoon all, hopefully someone can offer some advice / guidance on this as I am caught in a bit of a procedural and moral quandry. Some years ago I got into debt (not huge but significant) which was linked to a relationship break up where all our finances were in my name but with no acknowledgement on her part that she…
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Below £1000 pcm outgoings challenge
By my calculations this is around 24 months off. My committed outgoings or bills are currently £1301 a month, I have a loan to clear which is £263 per month and another commitment which is £36 a month, both will be gone in 2 years, I'll need to then cancel something or find something to take it below £1000, despite…
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Road to nowhere…
Hello, I have almost been in consistent debt since I was eligible for credit some 18 years ago. I am sick to my back teeth about my current situation and finally want to break free. My aim is to rid all of my debts within 5 years. In the past I have opted in trying to hide away from my money worries while still maintaining…
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Gamstop and physical bingo cluba
Hi all So. I'm registered with gamstop so that I don't gamble out of boredom. Anyways I am wanting to go to physical bingo Hall. Because I am deaf I think the tablets that some provide would be best for me so I don't miss the numbers. Am. I able to register in a physical venue if I am with gamstop. I didnt know where else…
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SOA & Nuclear Option...remortgaging to pay off debt?
Hi all. I've just worked out my SOA... long time lurker, first time poster. Just looking for some advice / encouragement! Firstly, I am (just about!) managing all of my minimum payments / monthly expenditure. My credit rating is 'Fair' as generally I don't miss payments, but my affordability is shot. I'm on a decent salary…
