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Unenforceable Debt - What Now?
I have had confirmation from both Cabot and Idem that my debt is unenforceable after requesting CCA's. Is there a template I can use to write to them to inform them that I will be stopping payments until the CCA's can be found? Has anybody had anything happen after payments have stopped?
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CreditCardJunkie's back again...
Here's the jist if you're new here; - I had a previous diary and got lost along the way - I was constantly in a trap of running up a card, then balance transfering it onto an interest free card, then running the first one up again - I never budgeted properly, I didn't give myself spending money. I paid all my extra money…
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Family of 4, paying back £50k in 4 years whilst trying to live eco friendly
Hi Everyone! I haven’t been on here for the longest time. Life has changed so much! So basics, myself and OH run a business, so are both self employed, we need to pay back £50k in just under 4 years so that we can get a mortgage and buy the house we are renting. I have two beautiful children nicknamed May and Roo who are 6…
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Debt free by Christmas...!
Hi Everyone, I have been reading lots of DFD over the bank holiday weekend & I think this could be the motivation I need to get all debts cleared/all payment plans finished by the last payday before christmas.... so debt free by 1st December. I spend too much on tat, takeaways and general rubbish! The debts are crap too…
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Daring Myself to do this
I keep daring myself to do this then talking myself out of this. Here goes... Happy wife and mummy of two beautiful girls. Things have changed again for me. Hubby has 6 month deployment coming up and then we are moving to base (have been living near family). Doing this means I have to give up work and I'm pooing my pants…
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ADHD and Frogs: How to Balance the Budget?
Hello! This post is going to be a little long, but I wanted to be honest about how I ended up in this situation. I joined MSE last year in the hope of making a fresh start, and then in the middle of moving house, I had a family bereavement. It’s had a knock-on effect on the rest of my life: the time that I’d allocated…
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Covid 19 issues - trying to pay debts on time but having to struggle to financially
Hi all, I am just looking for some advice really as I don't know who to turn to. I am in debt, and although it has reduced quite drastically and I am nearing the end I am struggling to get through these final months due to the Covid 19 sitatuion aka been furloughed etc. My total debt is approximately £2000 but is spread…
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Debt finish line
So where do I start I don’t know how people feel about shares, trading and what not but I’ve had a brilliant day in the space of 3 hours I’ve made £1.4k On a tip and I couldn’t be more happy if the momentum sticks il have £3/4k by end of next week that means il be debt free for the first time in 6 years I won’t have any…
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Debt free in ten years-my new, more realistic challenge.
In ten years I will be 61!! My original plan was to be debt free by the time I was 55. I have had a major shift in life plan since then and have almost got my first business up and running. Our mortgage is £114500 Owed to family members £9000 We still need to borrow to complete the business and get it up and running. My…
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"The Diary & Teacake" - DFW'ers Virtual cafe-in-a-crisis
OK - no idea if this will work but let's see - I have deliberately put it on the diaries board because my intention is that this is a general chat thread, and yes, counter to the "usual" MSE rules (hoping the mods/board guides will allow, in the circumstances), it will not necessary have a DFW theme to the posting, and I'm…
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From Nightmares to Dreams come true!
Hmmmm isn’t this strange typing my life onto a blank page for strangers to read. I’m not quite sure why I decided to do it but now I’m here I’m going for it! A bit about us? I’m a 33y young single mummy to a daughter who is 7 aka little miss and a son who is 3 aka rat pants. I work 3 days a week in the admin department at…
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This may take a while
Lighbulb moment - check Everything in as few places a possible - Check Ready for 4 years of hard work - Check I have to work on this for a long term goal of being able to move house. I have been keeping an eye on finances via YNAB for the last 3 months. Although I know it is an unpopular option I have consolidated some…
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Loan or credit card ? What’s best to pay first ...
hello ! Just wondered if anyone can help me with this one ! I want to pay a lump sum off my dept... I have a secured loan on my business premises and I also have two large credit cards, is it better to pay the lump sum off my secured loan which is around 6% interest or one of my large credit card, the credit card is, at…
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Making my way out
Starting this thread as a means of holding myself to account over my current debts and to keep focused on getting out to the other side! I'm naturally a saver as opposed to a spender, however, I've built up debt over the last year or so and I'm starting to feel a little overwhelmed and in need of feeling 'back in control'…
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Debt Free Wannabe. Where do i start?
Not sure if this is the right place to put this post, but I am looking for some advice as to becoming debt free. I have an overall debt of £7,500, which i am looking to clear as soon as possible as i am interested in getting out of the rental market and purchase my own property. I have previously been to the bank looking…
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Secret credit card debt, I'm going to tell my husband
Hi, so I'm new here. I have a secret credit card debt of £3700 that my husband doesn't know about. I'm a stay at home mum and I get a monthly allowance into my bank account for "spending money" and food etc. So I have managed to keep paying the credit card without my husband knowing. I hate myself so bad, the whole thing…
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Make a Wish, then Make a Plan
I have drifted along in life far too long and now I need to decide what I want to do, where I want to be and then make a plan to get me there. My life currently is fine but doesn't spark any joy in me anymore. I have a nice enough house in quite a popular area with lovely neighbours, although I do live on a very busy and…
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A welcome wake up call
So it's been a few years since I was last on here, so decided to start a new diary. Here's the background of where I'm at now.... After all my previous hard work, I've let my debts rack up to worse than before. I know this makes no sense but it's partly because I was earning more and so therefore less concerned. So why so…
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Hunters Journey to being Debt Free
Hello all, Ive been a long time lurker on the forums and have always read everyones Debt Free Diaries and have taken so much away from these. My Journey started in January of this year when i suffered a mental breakdown when discussing finances with my partner and I realised how much of a bad spot i had put myself in over…
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Freedom 2030
Hi all. Thought I would start a diary now I'm starting my DMP journey. I've done a lot of reading on this forum and have decided to self manage the process. My spiraling debts (almost £40k in total) span across several credit cards, the earliest being in 2006. I am a self employed sub contractor and have a steady reliable…
