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Debt-free wannabe

Archives for September 2021

Getting to grips
Hi all, trying to get to grips with my current situation. I've been completely isolated and very unwell for the last few years so the debts have piled up. The headline figures are basically that I've had around £600/month income for the last 2 years, and been paying off around £500 a month in debt each month... with a…
Refusing to default/not defaulting
Hi, I have loan that I am desperately trying to default as the interest payments building is crazy, I want to start making payments back but not until this has defaulted - the interest is more than the payments I will be able to afford! Is there a way of formally 'asking' the company to default the loan? I have now missed…
Moved: Retirement plan
This discussion has been moved.
Are Capquest potentially going under?
I have an old credit card account that is now with Capquest. Its a true debt and I'm owning it. I've had a standing order with them for a couple of years. But out of nowhere, a couple of things have raised the question of whether they are potentially going under. I cannot find any update on this. - My standing order was…
Worst case
Hi all I’ve got myself into a bit of debt now everything was ok, paying everything off no probs then covid came along and I was taking off my shifts which meant I’m down £650+ per month. Everything is an extreme struggle now. Not just that my wife will be giving birth soon and she will be on maternity leave but will only…
Council tax enforcement notice out of the blue
Good afternoon everyone. My relatives today got a enforcment notice from an agency on behalf of the local council for unpaid council tax. The notice was sent to their current address in regards to an address which they don't live in and have not for sometime. The council have not made any attempt to contact them even…
Can I do an offer to my creditors a bit like an IVa?
Hi, My husband has a lot of debt all business related, PG's that sort of thing. We have now sold our family home and I have bought him out of our rented property so he has all the cash he owns. Could he write to all of his creditors and offer them the same percentage each to settle all of his debts using all of this money?…
Housing & debt advice
Hi everyone. I had previously posted this in housing advice forum and it was suggested that I post here also to get some advice. I have already messaged step change and I am awaiting a response. But I would appreciate your help. I’m hoping maybe to get some opinions on what people would do in my situation. So I am a single…
What Small Things Will You Do This Week? 27/09/21
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…
Monthly and weekly wage help !!
So I am looking at being debt free I thought about the piggy banking idea but my issue is I get paid monthly and my Hubble weekly I usually pay all the DD credit card bills etc so not much of my monthly left then the weekly wage pays for food petrol and everything else any ideas please ??
Debt snowball or Debt avalanche??
Hi all, I have been using the site for a while but first time posting. I'm after people's opinion on the best way to clear the debt that me and my wife have. We have a £21,500 loan at 5% interest. A different loan of £15,000 at 2.5% interest Also a 0% credit card currently at £4,000 that we are using to pay solicitors with…
Defaults
Hi all, Please can you let me know the best way to access my credit report without having to pay full whack with Experian? Ive stupidly been burying my head in the sand and not wanting to look at it. I’ve been on a DMP a year and it’s going ok, bar having no emergency fund due to finding this site too late and already…
Credit cards for people with really bad credit
Hi guys My credit score has recently been decimated by a CCJ and I've run out of things I can do to rebuild it. I'd like to get a credit card so that I can build trust and improve my score that way. I'm well organised and never miss payments. All of the soft checks I make tell me I have a 0% chance of being accepted for…
DMP becoming unaffordable.
I've just been asked a question by a chap I speak to when walking in the park. He has told me that he has been on a DMP since 2009 ish and it has all dropped off his credit file but he only pays a small amount (£30 ish) due to budget and fixed income. We were chatting (like everyone else) about the fuel crisis and he knows…
CCJ help please
Hi everyone, So my partner and I are looking into mortgages, but my credit file is awful unfortunately. I have just gone through it and there are 3 defaulted accounts and 2 CCJ's. I'm certain one of the CCJ's relates to one of the defaulted accounts, but the date it is due to drop off is different - 2 years apart? The 3…
CCJ Full & Final offer
Hi After losing my business several years ago I had a ccj awarded against me for £3k. The bailiffs stopped coming around 2 years ago as I didn't have anything of value they could take. I'm trying to rebuild my life and my brother offered to give me £2k to settle the debt. I reached out to the debt collection agency who…
Crippling Debt
Hi I am new here new to forums all round in fact. I am a single parent, no assets, rented accommodation. I have 7 creditors with a sum total of £54,500. I have been unable to pay towards my debts since March 2020. I started a higher paid job last month which will leave me with £200 month disposable income. Two weeks later…
Loan taken out fraudulently
Hi I have friend who has just received a letter from a debt collection agency, stating that she owes them around £700. This debt has arisen due to her ex-boyfriend fraudulently taking out a loan to buy a mobile phone in her name & under her old address (from when she was living with her ex). This happened approximately 10…
Complex Statute Barred Debt from 10+ years ago (family name) query
I hope you can help me please. Using a throwaway account for anonymity, as unsure if my family member uses this forum. My brother and I have very similar names. Mike Jones and my brother Mike Smith Jones, but on all documentation it usually comes as Mike Jones too. We are not twins have 2 years apart date of births. When…
Too scared to check balance
Hi all ive spent waaaayyyy to much this month and i am too scared to check my Credit card.... anyone else avoid this, I am aware that i am creating even more anxiety by not facing up to it!!! xx

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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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