Debt-free wannabe

Me (40) and my wife are currently 53k in debt, across 9 creditors. we currently rent. Paying all the monthly loans and min payments on credit cards and a catalogue leaves us very little money as soon as we get paid. Most food shopping will go on credit cards to make ends meet and I’ll also eat into my overdraft. it’s a…

hi guys, I have received a letter from Brodie’s on behalf of PRA (barclaycard debt) stating ‘notice of court action consideration’. I did a CCA request to PRA in 2023 and I’m still waiting…just double checking this letter isn’t anything to worry about? Says court proceedings may be taken against me if I don’t pay by 10th…

Hey there, long time lurker on this board. Without posting war & peace my partner and I found ourselves in around £80k of combined unsecured debt by the end of 2023. This was a mixture of existing debt from silly spending habits, house renovation and then failed fertility treatment which really turned it into something…

So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…

Hi I have followed the advice from the forum, and stopped payments to my creditors… I have now started receiving letters mentioning giving notice of default. Do I now proceed with setting up a DMP, or do I wait to receive the actual defaults? Thank you for your help

I had a dispute for a debt of 9k being claimed. The debtor approached small claimed court. The claim form stated that Particulars of claim will be served within 14 days. I acknowledged the claim and was under the impression that I had to wait for particulars prior to challenging it further. To my surprise the ccj was…

Hi everyone, This is my first post, so apologies in advance for any newbie mistakes. I’ve been following this thread for a while now and have been taking on board the advice shared here. Like many others, I found myself stuck in a cycle of growing debt, with interest payments becoming unmanageable; all stems from a…

I have received a couple of letters from Moorcroft with the following paragraph; We have been trying to contact you to help you pay back your outstanding balance, but your account remains, to date, unpaid. We can confirm that in order to prevent the registration of a default in relation to this account our client will…

Morning all, like many I am 6 months into waiting for defaults with the plan to start a DMP. None have defaulted yet although I have had a couple of notices. One of my loans is with Cherry Godfrey and as they are a mainly off shore outfit, they seem to operate a bit differently. They have gone down the route of trying to…

Good morning, Please can you help? In 2018 I took put an aqua card and paid it along with a number ot other creditors until 2022 when it all got too much and entered into a DMP with stepchange. I paid religiously with stepchange until 2024 when I decided to get ccas and go it alone. Ive paid every month since albeit a…

Sad News. My family member passed away last Monday. When I visited him a couple of weeks ago, I found a debt to MBNA for around £16k for an account opened in 1997. He had very bad dementia and he has debts to water, electric, council tax and this credit card. As a single occupant vulnerable person, he should not have been…

I have a few defaults from 2022, which have been passed to a debt collector and I have been making token payments for years now. I am aware that after 6 yrs the defaults drops from my credit file. However, I have acknowledged the debt exists and have been paying to it so the "statue barred" of 6 years does not apply. So I…

Title: Proposal for a "UK Debt Help Scheme" – Government-Backed Debt Consolidation to Ease Cost of Living Crisis Hi everyone, With the new government under Andy Burnham talking about tackling the cost-of-living crisis and making people's lives easier, I’ve got a practical idea that could help millions of households…

I have several very old and defaulted credit card debts and so far all that got back to me, the cca’s are back as unenforceable. There are still 3 or 4 dragging their heels, stating that they are waiting for the original lender to get back to them, one (Cabot) even saying I hadn’t paid the £1 so won’t proceed with my…

Hi sorry long post alert bit I've got about 70k in debt accrued, personal loans,credit cards, PayPal credit etc. I contacted them all over last few months and agreed repayment plans but I am still hugely struggling. MBNA set up a consolidation loan so unsure where this leave me now applyingnfor DMP with step change. The…

hi all lowell have sent me a letter. Offered me a 70% discount. Should I do this? As it says on the letter will affect my credit score more as will only show as partially paid? Or just continue with payments? any help/ advice would be much appreciated

I’ve had the following email today from Moorcroft in relation to my defaulted Nationwide loan. As far as I am aware they never responded to the write off request in relation to financial abuse, although I have submitted a SAR to CAB which will confirm this. should I now set up a standing order or should I raise questions…

Hey, I recently applied for a DMP through StepChange on my roughly 40k worth of debt. On review of lots of online forums I cancelled the DMP and stopped paying all my creditors while I wait to default. I’ve got a few questions though, As I started the DMP process I’ve had a few of my creditors say to me that they have been…

Very long story short due to my soon to be ex husbands poor credit at the time the shared ownership house and all family non priority debts were in my name. The financial paperwork for divorce leaves house and all debt to me. Single Mum, one child. £42000 of debt over 4 credit cards/loans. All defaulted in the last 9…

I have an HP agreement for a car which I use for work and ferrying around elderly parents. It's possible that at some point in the future I may need to miss credit card payments and default on one or more cards. I have a clause in my HP contract which says: "During the currency of this Agreement, you must not: - call a…