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Debt-free wannabe

Archives for August 2021

Drysdenfairfax want to reassess
Can anyone offer advice please? My partner has a CCJ with £6200 outstanding. The CCJ was from 2016 for credit card debt. He has been paying £30 per month since 2016. He has now received a letter stating his agreement has come to an end and asking him to complete an income and expenditure form so they can reassess “to…
Resolva-call
I have some old debts over 20 years which have been sold on last payment made is coming up to six years ago, I have had a letter put through my door from Resolve a call, I did not think a third party could do this, I do not wish to discuss my finances with anyone, the debt is not large and has nothing to do with these…
Feeling a bit hopeless & in need of advice
I have spent weeks researching different debt consolidation options as I have credit card debt pushing the £20k mark which just seems to be going nowhere. I have been keeping on top of transferring them around to 0% to keep interest down but i am already paying around £250 a month just on min payments which I know will…
PayPal Credit confusion
Hello everyone: This may not be the correct forum to place this in so feel free to tell me how to move it if not, the reason for my questioning this is that this isn't a debt that I need to be free of unless the situation below becomes problematic: Okay I have a PayPal credit agreement that has a maximum limit of £850. I…
Few Months In A Van?
I'll try keep this simple Late 20s no responsibilitiesOwn house outrightHave a passive income of £1000pcm Part time Job about £600pcmLiving expenses ~£600pcm I want to maximize my income, minimize spending & invest aggressively I was thinking about selling my house, buying a rental property that'll yield another £600pcm…
What Small Things Will You Do This Week? 30/08/21
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…
Drydensfairfax, Link and Cabot chasing old debt.
Hi everyone, would greatly appreciate some advice, pointers and opinions on my situation. My ex wife and myself got into some horrendous debt a number of years ago totaling some 85k, mainly credit cards and loans. Totally in over our heads. Massively stupid and I’ve honestly regretted it ever since. In desperation and with…
I want to break free - the lyrics said it best!
Hi, I'm currently on maternity leave & pay so the drop in income is noticeable. In addition to the baby, I also have two other school age kids. I live with my fiance (dad to all my 3 children) who has just recently finished a job and is currently seeking for work. He has a planned overdraft. After tax, NI, pension and…
overdraft and credit card
Can a bank add a balance from a credit card to a bank account after a person enters a DMP? example, overdraft £500 limit, with £493 used, credit card balance of £3467, current account now at £3960 overdrawn, credit card on credit files with a £0 balance
Tomlin Order
So I was supposed to be issued a Tomlin Order a few weeks ago. I’ve not received anything in the post. Would I contact the courts who issued it? Or the Solicitor/claimant? Thanks
Default on credit report not updated
I hope someone can advise. My previous landlord without my knowledge changed the water bill to my name. I got to know about this last week (Because of a tenant currently living there). The bill is from OCT 2020 and the letter is dated MAY 2021 from a debt collection agency stating that I have to pay the bills from JAN 2020…
PRA Group chasing old debt
Hi there, I received a letter last year from PRA Group chasing two old debts that defaulted around 2014. I sent them the Statute Barred 'Prove it' email, to which they responded that after investigation, they could see a payment was made on 4th October 2016 for some amount. I've asked them to provide proof of this, but…
Retired
I'm asking on behalf of someone else. A gentleman I know owes about £10k. His plan is to work another year of his retirement to pay it off and then he can retire properly. Are there any other options. Might the credit cards be willing to freeze interest and take lower payments over a number of years? I doubt he'll have…
Myjar and equifax
I have stumbled upon some information online where a response from myjar to a trust pilot review states that the company can no longer update credit files so has taken the decision to remove all records of customers loans from the big 3 credit file agencies. I know ultimately that the money will still be owing but does…
The consequences of sticking your head in the sand….
Dear all Thank goodness for such a wonderful community. I am terrified and so very embarrassed. The guilt is overwhelming. I have never been in this situation as badly as now and need your help and encouragement. I am currently living in my own and pay minimal expenses as my parents are so very kindly waiving rent as they…
Equivo letter
Original post: https://forums.moneysavingexpert.com/discussion/6050720/soa-form/p1 (Morning all, i am looking at getting my finances in order as i got in debt after me and friend got given a 100% mortgage at 18 years old we couldn't really afford it at the time we both had car finance any ways we ended up taking more loans…
Should I part transfer?
Hi, first time posting, I hope someone can help please. I have an overdraft at 39.9% around £2500, and a credit card at 24.9% at £1000. Should I part transfer to pay off part of my overdraft? I'm worried I'll end up paying out more monthly overall as money is tight at the moment. I'm currently paying off £50 a month on the…
End of the DMP
Hi Everyone. I am just getting to the end of a DMP and my last payment is November the first. Whilst I’m glad I’ve hit that milestone and debt free is in sight , I do want to start building my credit. Can I apply for a credit building card now to give myself a head start? I am wanting to build my score back up for a…
Creditors want ‘more information about my situation’
So two creditors whom I have sent full and final offers to have generically responded wanting more information (yes that general) before they can consider my offers. all they say is that because full and final settlements are a good will gesture they want to know why I want to settle and why they should consider ahead of…
DFW newbie
Hello everyone - first time on here and looking to get sorted financially! First step is clearing debt. SOA: Loan - £695 remains from £10500. Spent on a complete kitchen refurbishment after a leak. We received the other half of the money from the insurance company but upgraded more with walls coming down. I have overpaid…

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MSE News

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.
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 Payments 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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