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Very.co.uk Debt
Hi, i am new here so just looking for a bit of advice. I owe Very nearly £7,000, i was silly last year as in a bad situation and bought phones on buy now pay a year later and then sold them to keep myself and family going, all the interest has now piled up and the monthly payment will be around £450 once all the interest…
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Very.co.uk debt
Hi, i am new here so just looking for a bit of advice. I owe very.co.uk nearly £7,000, i was silly last year as in a bad situation and bought phones on buy now pay a year later and then sold them to keep myself and family going, all the interest has now piled up and the monthly payment will be around £450 once all the…
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Totally new
Morning guys! I just wanted to say I am totally new to all of this and I have been lurking on the forums for quite some time just never really had the courage to post really! It wasn't really until my house became overcrowded and I knew I needed to move house but I can't as I cannot get a privately rented house because I…
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What Small DFW Things Will You Do This Week 23/08/21?
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…
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DMP & Remortgaging
Hello 😊 We have been on a DMP with Stepchange for just over 3 years, started off with 67k and have paid off just over 10k. We've recently reviewed our budget and will be increasing our payments, predicted debt free date of July 2028. We have started receiving letters with offers for early repayment - e.g. Debt of 7k with…
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Mixed bag so far with full and finals
Now i totally accept i haven't been on my DMP for that long really and I am well aware that my debt figures are high. The back story is unimportant. Just thought I would share my experiences so far in trying to achieve full and finals - which a kind relative has offered to fund. Having sent my cca requests off, 6 of my 8…
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Settlement for non enforceable debt?
Apologies if this is a cross posting. I posted in the loans section, but now realise it would be better here. Hi there, can anyone offer advice? I took out a loan from Welcome Finance in 2007. I topped this up twice - they were VERY accommodating at the time, almost encouraging. I then defaulted in 2009, I was a newly…
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F&F Marbles
Hi All. So I'm around 3 years through my DMP and I'm in a position to offer F&F to a number of creditors. I've just offered one which has declined but wanted to see if anyone had any . . . tips for playing hard ball to encourage them to accept. I'll use my marbles example so we can work on the maths. Balance this month…
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In debt and part inheritance of house.
Hi, We are in a difficult situation and unsure on how to deal with it. We have a DMP in my husband's name. He has just lost a close family member who has left their 50% share of a property to him and his sibling. The other 50% is still in his Mother's name as she will be still living in the property for the next X amount…
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Implications of paying or not paying debt from past credit cards
I have £15.5k of debt from 4 old credit cards (£1.5k, £5k, £5k and £4k respectively. These debts are from around 15 years ago and are no longer impacting on my credit score, although I do have one default (ironically from a card balance I managed to clear!). As things stand it will be 2025 before I can apply for a…
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CCA Query - Statements Received (PRA Group)
Hi DFW's, Hope you're all well. With the help from this forum I was able to request 4 CCA's last year - 3 couldn't 1 did and I settled that account. I stopped payment to PRA last year, but today I have received a letter 'Re - request for CCA 1974'. Attached is approx 100 pages of bank statements dating from 2005-2011. The…
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Absolute Mess
Afternoon people New here. Myself and my wife are in a horrendous position with debt and looking for suggestions and help if possible, we have high debt 8000 joint and 53k my wifes. 6 months ago we moved back in with my parents to try to get out of this mess, buts its not going well. Pretty much hell if im being honest. My…
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Snowball or Avalanche - Opinions please
Hi All, I am just at the start of making my debt free plan and I am considering which approach to take, I would be interested to hear opinions or experiences you may have had. I have included a breakdown picture : Snowball Avalanche Thanks in advance
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DMP questions
Hi I’ve recently entered a 3 and half year DMP with Payplan and have a few questions that I’m struggling to get any advice on. It’s my first month and safe to say it’s been messy. The time frame hasn’t fitted in with my creditors direct debits, all my accounts were up to date no missed payment over many years very good…
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Council Tax debt question
Hi, I have two debts for council tax. One for my previous property, and one for my current property. On advice of Stepchange I have sent the previous council an email asking - I would like to request districtonary relief of council tax arrears as per section 13a of the local government finance act 1992. What I want to know…
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Moved: Plan of Attack
This discussion has been moved.
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Glimmer of light at the end of a dark tunnel
Hi, Posted some months ago, got great advice from the board and then got Covid and was laid up for several weeks. Long story, but £45K worth of debts across credit cards and 2 personal loans. LBM was when i realised I had no lines of credit left, and my income (after essential and priority bills) did not cover minimum…
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Advice re: starting DMP journey
Looking for some advice… Helping my husband set up his DMP at the moment. All debts are in his name only, and we aren’t
financially linked (as my credit rating is screwed too, but that's a different story!). We’ve been reading and reading this forum, but we’re boggled
by all the information on offer. Can I
just ask a…
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Irresponsible borrowing/lending
Hi all, first post so hope I’m in the right place. I managed to get myself in a lot of debt, then ended up borrowing more and more to survive and pay off the debt each month. I’ve not paid anything or spoke to any of my creditors for 3yrs now, I’ve had a letter from one saying they are now proceeding with court action.…
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DMP & Pre-paid credit cards
Having searched the various forum boards it seems it is possible to get a pre-paid credit card while on a DMP? Is this still the case as most of the posts I found are quite old. My reason for considering getting one is that my debit cards doesn’t offer any of the purchase protections credit cards offer. Does a pre-paid…
