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Debt-free wannabe

Archives for October 2022

Natwest Collections
Hello, hope everyone is keeping alright. I was wondering who else has had dealings with the collections arm of Natwest. When I started my DMP back in 2018 I gave Stepchange details of all my debts including this £200 overdraft with Natwest and despite a bit of back and forth over email with someone at Stepchange I wasn't…
What Small Things Will You Do This Week? 31st October 2022
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…
Statement of Affairs - time to take back control
Hi, I've finally taken my head out of the sand and put together my SOA. Some bad decisions when I had my own small business have led me to this point but it's time to take charge now. I am on an emergency tax code currently and that should be sorted out shortly. I plan to use the majority of my savings to clear down some…
Miserable Sunday
Having a bad day today, thinking about our debt mountain. I’ve been quite positive about it but I think that a quiet Sunday has given me too much thinking time. Feel overwhelmed by the amount we owe (over 70k) even though I know we can pay it off. It feels very lonely and as though we are the most indebted people in the…
Loan vs Credit Cards
Hi all I have a loan with a 2.9% interest rate and 2 credit cards on 0% I am looking at selling my car to pay off some of these which one should I do first? Thanks
Advice required
I've been advised to post in here on this thread I originally posted regarding advice on taking 25% tax free lump sum payments to pay off my debts... https://forums.moneysavingexpert.com/discussion/6398014/pension-options-to-deal-with-debts-mortgage-situation/p1 This is my SOA [font=courier new][b]Statement of Affairs and…
Charging order/FCA complaint
I'm looking for some advice please. Long story short, a high street bank issued a charging order, then an order for sale claim for a personal guarantee on a now liquidated business overdraft. Agreed in court 2 years ago to pay an agreed monthly fee and the OFS claim was lifted. The bank did not volunteer to provide banking…
Where do I start?
Hi I really want to sort my finances out but don’t know where to start. I work part time and once my car finance, credit card, overdraft and childrens mobile phone bills have been paid, I’m left with barely anything and have to keep asking my husband for money 😞. I really want to organise my finances so as I have more left…
Credit Report missed payments impacting ability to get job and pay off debt....
I am in a very strange place with my credit report... 4-5 missed mortgage and credit card payments (due to loss of job and mental health issues) have meant that my credit report has taken a hit. Now that I am a bit better, I am on the job market and have secured a job. However, I am required to pass a credit check, which I…
DMP over 6 years
I have been in a DMP since 2015 and paying £27k down to £17k so far. It is now over 6 years ago since the start of my DMP and all defaults have fallen off my credit file but i continue to pay until 2026 on the DMP. I have written to the companies and asked them to review my file and write off the debt. If they refuse to do…
Car insurance default.
Bit embarrassed to be posting this but here goes….. My wife arranged insurance with the finance agreement set up with close brothers finance. She used an email that she rarely checks. I accidentally deleted the direct debit thinking it was an old one. We missed the payment on 3rd October. They emailed wife on 14th telling…
Advice needed for upcoming payments
So I've recently applied for a DMP through StepChange so that I can finally sort my debts out. I'm yet to hear back from them about the application but my next payment date is currently upcoming for my debts which I can pay with what's left from my wage but after that I'd be left struggling for the rest of the month. What…
Moorcroft
Has anyone had any dealings with Moorcroft “field agents” being sent to your home? Received a letter that they would be sending someone. For a very old debt which was being managed by Link. Sent a CCA request over 2 years ago. Couldn’t obtain and sent me a letter stating this plus that the debt was unenforceable. Never…
Car insurance cancellation and new policy,
My wife had her car insurance policy cancelled recently ( long story)we are now about to try to reinsure her car. will insurers automatically know that she had a policy cancelled, or do we just tell them when asked? to be clear, we will be totally honest when asked any questions. I just wondered if the would already know…
IVA or DMP or DRO
Hi Everyone. So basically I am seeking advice with regards to my debts. I have approximately £16000 unsecured debts (Loans, 4 Credit Cards, Creation and Overdraft).Almost 2 years ago I was in contact with Stepchange and I really should have taken their advice of doing an IVA. But I was proud that I would be able to pull it…
Barclays trading as Monument up to date (2022 ) contact details.
I have an old restriction on my property relating to a Monument credit card debt. Solicitors named in restriction said they no longer have any file and suggested I contact Barclays. No one I have spoken to at Barclays can help. All I want to do is pay whatever I owe so I can have restriction removed.
What Small Things Will You Do This Week?? 24th October 2022
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…
BrightHouse/Caversham Finance Limited (in administration)
Those of you who had a loan or goods from BrightHouse (Caversham finance Limited) will not now have to make any further payments on your accounts after today. The joint administrators are winding down the company, and as part of that wind down, neither Caversham finance nor any third party will seek to recover the products…
Becoming debt free
Hi, we are in roughly £30000 in bebt on mostly credit cards. This has become a slow spiral of debt over the last 10 years, and the current cost of living is not helping. We desperately want to be debt free or at lease reduce our monthly payments to give us the relief to stop spending on credit cards each month. Most of our…
Disposable income
Good evening everyone, this is a bit of a nosey question….. after all essential bills and minimum debt repayments, how much do you have left. After years of financial management I am just getting to grips with budgeting!

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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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