Debt-free wannabe

Archives for April 2022

DMP and Full and Final Settlements
I currently have around £9,000 of debt across 5 creditors, paying back via Stepchange and have been paying back for around 2.5 years. I'm looking to make a full and final settlement. Breakdown is below: Sainsburys: £2,600 PRA Group: £5,420 (from Barclaycard and MBNA) First Direct: £1,423 Can anyone advise on how much I…
Power of attorney whilst in DPP
Hi there, I wondered if anyone could clarify something for me? My Auntie currently has my Mum listed as her main power of attorney but wants to also myself and my sister as back ups as such. I received the paperwork through the post and it states anyone declared bankrupt or in a protected trust deed cannot do this. I am…
Please advice for letter explaining mental health
I am about to send a letter to all my creditors explaining my situation and I wonder if you can give me advice on it and see if its correct or if there is anything you would add or change. I have ask my mental health team to fill in the DMHEF form but while I get that sorted (you know the NHS can be slow) I wanted to send…
Littlewoods (Advice Needed)
Hi all, I have had a Littlewoods account since 2008 and have never missed a payment up until March 2021. I have been off work because of my health and my direct debt always went out on a Monday every 4 weeks (The day I got my ESA) so I never had an issue. Anyway, around March 2021 Littlewoods decided to pull their billing…
CCA Request - Default
Hi All, I entered a DMP back in 2019, initially with StepChange, with the thanks of MSE I went self managed last year. I have CCA’d all of them and settled some. One of my alleged creditors, originally Vanquish, then Arrow and managed by NCO. I have stopped payment awaiting a response. NCO have written to me information…
Lcs and eon
Hi everyone I received a letter from lcs about a property I have no connection with. I contacted them by phone but they said they need my date of birth to talk to me which I refused so they put the phone down on me. I sent an email stating I have absolutely no connection to the property and received an email back asking me…
Will the debt reappear on my credit file
Hi there. I’m starting to self manage my DMP and making offerers. Some creditors are replying and advising the account will be marked ‘ partially settled’ which is fine, however most of the debt has disappeared of my credit report anyway as the default is over 6 years old so it’s dropped off if they mark It partially…
Potentially statute barred resolvecall
About a week ago I received a letter from resolve call saying that they are working on behalf of arrow global, who bought debt from Shop direct (carval). I’m a bit confused on what to do. I don’t really recognise this debt. But if it was mine, it’s definitely older than 10 years old. What’s the right thing to do here?…
Simplybe charges
How can they get away with charging 69.9 percent interest rate, absolutely crazy. There should be some sort of law that they cant charge charge way over the top interest rate .
IVA help with a mystery
Hi, I have posted a few times on here, and been reading lots of different posts, trying to find a bit of advice around an IVA. I have found other of helpful comments throughout. I had it in my head that a DMP was the best way forward but have spoken to a guy from the debt advice service, which was an advert I seen on…
selling up and moving abroad - moving proceeds offshore advice please
Hi, I'm in a debt management plan currently which isn't due to be reviewed until the Autumn, but I'm moving abroad (outside of Europe) in a few months and will be living as an expat for about 3 or 4 years. As a result I'm selling my house. I don't intend to do anything dodgy or run from my debts (and indeed the debt…
Debt Collection search appeared on my Credit File
Hello, a hard debt collection search has just appeared on my credit file. Should l be worried? It is regarding a debt that l owed sometime back which had a default but after 6 years the default came out of my file. It now seems the debt has been bought by someone else who are pursuing the debt. Can they default me again?…
CashEuroNet QuickQuid appeal query
I submitted a claim for unaffordable lending for 3 QuickQuid loans in 2020 through the joint administrators appeal portal. One of these claims was accepted and two were rejected. I stupidly accepted this without appealing. I was in a bad place mental health wise and after so long of fighting debt I just wanted it over and…
Can a debt recovery agent take any my pension, pension credit, or PIP payments
I have just received a letter from a debt recovery agent, saying l owe a mortgage debt from 2010, in regards to a mortgage under payment. Am l required to repay this debt after such a long time?. I am on universal credit, and because of disability receive standard PIP. In approx. 2 months l am due to loose my UC payment,…
Looking for some advice on starting a Dmp and applying for breathing space.
Back storey - 25k CC/overdraft debt (was 35k but a redundancy LY help me clear 10k). No assets or savings. Was coping until cost of living went up this year along with min payments and I’m now at position where I have £60 at the end of the month after essential bills and min payments. So I realised I cannot spend my life…
DMP Breathing space
Hi people, I am in a DMP with StepChange, it has been over a month now. i am in breathing space with my debtors also, and they have sent acknowledgement to show they have received the breathing space request. There is one particular debtor (CRS), that is still hounding me for payment of this debt, even though they have…
What Small Things Will You Do This Week?? 25/04/22
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…
DMP
H just a bit of advice. I stupidly went into my DMP with SC and it started on 1st if this month. I have had a horrendous month with my elderly mother dying and my clutch going on my car after having to use the small EF fund I had on getting it through it’s MOT I now realise after finding this thread I should’ve built up a…
PayPal Debt with Moorcroft
Hello! Earlier this year I accrued a negative PayPal balance after PayPal took non-existent funds from my bank account, which also resulted in an overdraft with the bank. I was gambling, and I did not realise I had spent significantly more money than I had. I acknowledge my mistake, and I have self-excluded from the…
Consolidation or sell?
My partner and I are after some thoughts and opinions on what we should do to find the best way forward for our finances. Over the past few years we have overstretched ourselves, much the same as many others. I’m now 50, she is 47, and we are both at the point in our lives with kids grown up and gone that we want to enjoy…

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MSE News

Think Money app relaunch leaves thousands unable to access their cash – here's what's happening
Around 2,000 Think Money customers have been locked out of their accounts after the current account provider relaunched its app.
TV licence fee to rise by £10.50 a year to £169.50 from April 2024
The annual cost of a standard colour TV licence will rise to £169.50 from 1 April 2024 – an increase of £10.50 on the current price of £159 a year – the Department for Culture, Media and Sport has announced.
MSE Mince Pie Taste Test 2022
With the festive season in full swing, the Deals Team put their heads together to uncover answers to the true questions of Christmas. No, not Why is my turkey always so dry? or Who writes those terrible Christmas cracker jokes? But Who sells the best mince pies? Is it mince 'pie in the sky' to think that a 99p box could be tastier than one retailing at £12.95? Wait and see. Brandy butter and forks at the ready all, as this is: The MSE Mince Pie Taste Test 2022.
Morses Club borrower? It's launched a new redress scheme for mis-sold loans – here's what it means for you
Borrowers with mis-selling claims against Morses Club likely won't now get the full amount they're owed, after the High Court approved a new scheme put forward by the firm to limit payouts and set a time restriction on claims.
More Than to stop selling car insurance policies – here's what it means for your cover
If you're a More Than car insurance customer with auto-renewal turned on, you should look out for a letter explaining that you'll be switched to Swinton Insurance. Meanwhile, if you're not on auto-renewal, you'll need to arrange new cover when your policy ends as More Than has pulled out of the market.
How to bag a cheap, sustainable Christmas jumper... from only £3
Jumpers are for life, not just for Christmas, but most of us only wear our most garish festive get-up for one or two days a year, then feel pressure to buy a new one the following year. That's neither MoneySaving nor good for the planet, so what can we do about it? I have a few ideas...
Martin Lewis: How to earn 8% interest on your savings (and possibly £200 on top, too)
It’s possible to earn 8% interest on your savings – more than four times what many earn – and gain an extra £200 on top. MoneySavingExpert.com founder Martin Lewis explains how.
Expat with Barclays? Here are your options if your account is being closed
Expats who bank with Barclays face having their UK accounts closed following a "strategic review" by the bank, leaving some customers worried about the alternatives available to them. .
Martin Lewis: A trick for Shell Energy (and Octopus) customers to make some money
If you're a Shell Energy customer, you could make £50 with an easy trick shared by MoneySavingExpert.com founder Martin Lewis on the latest episode of ITV's The Martin Lewis Money Show Live.

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Debt-free wannabe

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