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Charging Order? The myth
I feel that this is so important that I thought a new thread should be made to highlight the importance of understanding the law on Charging Orders and how many people are stuck with their property in the false believe that they have had a Charging Order put on their property. In particular the thousands of Northern Rock…
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Struggling with debt? Ask a stepchange debt adviser a question
If you need help with your debts, this is the thread for you. This is a new thread, as the old one was getting a tad long. Trained advisers from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! There are three ways to get in touch: 1 - Simply post…
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DMP mutual support thread part 13 !!
Welcome to the DMP mutual support thread Part 13 !! Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for. There is help on getting interest and charges stopped, how to start with an…
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The Debt Free Roll Of Honour
Update December 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below. To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion Back to Martin's original…
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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
This thread provides guidance about some good first steps you should take if you are in debt and want to get debt-free. It doesn’t matter how big or small your debt is, or whether you are comfortably paying your debts and looking for advice on where to cut back further or struggling to cover your basic needs - we are here…
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Reclaiming money back from various payday loan companies
Hi all just wanted to share some good news regarding payday loan companies..... From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20. Early this year I saw all the news…
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Pls remember Debt-Free Wannabe's for support and help not judgement
Martin (Lewis) made the following announcement a few years back. But the link in the stickies is broken. Anyhow, here is what Martin said: "Dear Money savers..... Debt Free Wannabe is one of my favorite boards on this site. It's also one which runs a delicate balance. Many people who have serious debts have hidden them for…
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Debt-Free Wannabe Sticky - Provit & Statute Barred Letters, Defaults, Help and Guidance, All Here...
Debt-Free Wannabe Sticky - Please read for links to important topics and help Hi folks :) This is the Debt-Free Wannabe Sticky where links to all current important tools and information will be posted. Links: (1) Those who are new to debt, and want to know where to start, check out these first steps :…
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Statute barred debts and the Limitation Act
Statute barred debts and the Limitation Act Statute Barred debts. A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period. The debt would then be legally UNENFORCEABLE, unless the creditor has already taken legal action…
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I may have made a massive mistake dealing with creditors
Hoping you can help me please I am so stressed and think I have made a massive mistake with my creditors. Firstly, I have autism and struggle with communication even when I am online, I do not know how to converse with people properly. Just saying because it’s difficult for me and It causes anguish but I need help please.…
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Smaller or larger debt?
Hi. So I have now been defaulted on 4/5 creditors. I plan to pay off with a DMP sorted by myself. Is it best to pay the smaller debts first so clear quicker or does it not really make a difference? Thank you.
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dmp or iva
I am self employed and my income has been pretty steady for the past 2 years, I have £22500 debt from credit cards and a loan which so far i have been paying just the minimum on everything but it has squeezed and squeezed my income and i am getting nowhere. I have no savings as I was using them to top up my income when I…
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Credit Union on Self Managed DMP
Hi All, I have started my journey on a self mamaged dmp, after getting in to the cycle of borrowing to cover borrowing and now cant keep up with payments. 3 of my loans are with a credit union, My Community Bank. I have seen some comments around how credit unions can be awkward to deal with in these situations. I have…
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Updraft sold account to Perch capital but never issued default notice or default
Hi, wonder if anyone can shed some light on a development in one of my lenders that I’ve been trying to get a default on. I stopped paying 2 Updraft accounts my regular monthly payments back in March (on advice from the forums on how to manage my debts that I can no longer pay). After a few months of hassle from Updraft…
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Laying it all out.... time for change
Hi, I've lurked about this forum on and off for years, not been on for a while but here we are looking for advice and help. Hoping this post will keep me focused. I'm around £35k in debt. It's across several credit cards and all at 0% interest which I juggle about when they run out. It's spiralled over the past few years,…
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£53,000 in unsecured debt, feeling very scared.
Hi. Looking for some advice please. I am £53,000 in debt with credit cards and loans, plus owe a further £7000 to my mum. Got myself into this mess through a series of bad choices. One being to invest in a property with my ex partner (who is a property mentor and investor) which turned out to be a bad investment. I also…
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Notice of Appointment Letter from ACI On Behalf of Intrum
Had a letter today from ACI saying they are writing on behalf of Intrum who have instructed them to collect an outstanding debt owed to HSBC of £6,536. This is the first communication I have had about this debt in over 16 years. Do I need to send the Statute Barred letter to both ACI and Intrum? If a CCJ was raised say 17…
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Questions about dmp vs defaulting
Hi I’ve been reading the forums and trying to understand best before posting. My partner has unsecured debts of approx 40k across a loan and credit cards. He contacted stepchange and has started the process of a DMP but I have since realised this might not be the best way as ideally want this off his credit file sooner…
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Eon Next Default and Duplicate Account on Credit File
I’ve been checking my credit file and Eon Next have registered a default against my file for an overdue electricity account at my previous address. I have Eon Next my new address when I moved, and gave them the final meter reading and they issued a final bill, all of which I have email evidence of. However, the default on…
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Update on my self managed DMP
hello! I don’t know if anyone remembers my posts about starting a self managed DMP but thought I would post an update. The credit card companies have been ringing me a lot but I don’t answer. They have sent lots of letters. Mbna has offered to put my interest rate to 0% but most of the others are just to tell me I am…
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Paragon query/ advice if poss !
Hi, . I need some advice … October 2015 my bf split from his wife . He literally had just the clothes on his back. My mom took him in as he was essentially homeless . He did work at the time. Start of 2016 he realised his wife had put them both in a lot of debt - he would work all hours and she would stay at home and be in…
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Will a loan affect my benefits?
Hi all, needed some advice. I’m in an absolute financial pickle and can’t see a way out other than taking a loan out for £1,000, can’t really elaborate too much so I don’t identify myself. Ideally I’d have taken a smaller loan but my bank only start at a grand. Some payments have bounced and I need them to go through to be…
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50k Unsecured debts and can't see any way out.....
Evening guys. I hope you are all well! :) It's been a while for me on here with my last visit being back in 2009 during my bankruptcy where I was helped through that by lots of very helpful people who no doubt are still active on this forum. You'd think I'd learn from my past mistakes but life is cruel and sometimes things…
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In debt and don’t want to lose family
I lied to my partner about my debts, after they have bailed me out previously. I came clean this week and I have been trying to work out a way of paying back my debts as soon as possible but with interest rates, I’m taking from one credit card to pay another. is step change and a dmp a good route to go down? I have £13000…
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Help needed please 🙏
Hey all, so I’m £27000 in debt. I don’t have to explain why but I want to. Split from my ex husband of 24 years Feb 22, sold our house & actually paid off our £42000 worth of debt, I have 3 children, I work full time, I stupidly racked up more debt which I should not have done. Been lurking on here since April when I…
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Best way to get out of credit card debt when can’t get a 0% card
Hi, wondering if I could get some help please? I’m currently in a bit of a difficult financial situation. My credit rating is currently fair and although I have a new job with more money, I’m struggling to pay off my credit cards. What’s the best way to do it if I haven’t got the credit rating to get a 0% card? I don’t…
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Observation after a default dropped off
Just had my final default drop off my credit reports as it reached the 6 year point. Whilst I'm expecting nothing, did check my Transunion score and the default has been removed from that within a week. My fake credit score dropped by 21 points due to me now using a greater % of my available credit (paid my credit card,…
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So you can make a difference with help from peeps on here.
Just would like to post that things cannot be better for me now. Debts paid off years ago, won a miss sold pension case which gave me a lot of cash back. I am in the process of buying a nice house for the wife and I with cash - no mortgage. If you dig in guys and look to the future you will do it. Would like to thank all…
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Full and Final Settlement Options
Hello all, I’m hoping someone can offer some advice. My husband and I have some old debts that we are paying via stepchange. All are over 6 years old, so defaults have dropped off credit files and our credit ratings are now both good. All of the debts have been sold on from original creditors, some of them more than once.…
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Most recent: Outstanding October's No-Spend Days Challenge! by short_bird
4 October at 11:26PM