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Debt been sold but no default?
So Ive stopped paying my consumer debt with a plan to enter self managed DMP. My credit report does not show any defaults yet but I have received a letter from Link Financial saying they are taking over my lloyds debt. So far I have done nothing and have just been waiting it out. What should I do now, do I contact these to…
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Freedom Of Information - Debt Companies
Hi Everyone, is it possible to find out how much a debt company like Link Financial/Lowell etc bought a debt for using Freedom of Information Act? Thank you.
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Zopa default
Hi, looking for more advice please. Received an email from Zopa saying account has defaulted and to contact to set up payment plan or for them to offer a discount to settle full amount of 13,176. I am currently waiting for info from trans Union to log my unaffordability complaint with the ombudsman as Zopa have not upheld…
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affordability complaint...when to submit
Apologies if this has been mentioned elsewhere but was just wondering if there was a best time to request affordability being looked at? Is it best waiting until the debt has defaulted and sold or to put the complaint in straight away. I have a number of credit card debts and am now going down the route of building up a…
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Debt Collection Help please
From fcldebtenforcement@gmail.com (Left sender name out) Quote Reference – [Reference redacted by Forum Team] Good Morning, Julian, My name is ?????????, and I’m contacting you from the Goods Removal Team at FCL Debt Enforcement. This message serves as an urgent notice that we have received a legal instruction from your…
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Stuck with high interest charges
Hi, my husband and I are both struggling with credit card debt. We are just about managing to pay the minimum but then end up using them again for food shopping etc. We’ve both tried to get loans in order to pay off the debt at a more reasonable rate ( or at least have an end date in sight without more interest piling on…
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Debt and illness
Hello all, I am looking on advice on how solicitors should deal with someone who told them about pre-existing medical conditions. Basically I took a loan out with my bank, have taken out loans before and paid back. The loan I ended up falling on was a £30000 loan, I made repayments for over a year and then life went down…
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Newby wanting advice on debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
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Best way to split £3k to pay off credit cards
Hi, I have a £3k work bonus (after tax) coming my way in Dec. What is the best way to use these funds to pay off my debts below? All the APRs are similar. My plan was to pay off card 1 and close the card, and then reduce overdraft down to £500. Or should I consider another plan? Thank you. * Credit card 1 = £2,000, minimum…
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CCA / StepChange Sanity Check
Hi, thanks for reading! I’m just looking to sense and sanity check and make sure that I’m on the right path and doing the right things. I’ve lurked and gleamed a lot of information from this forum over the months and found it so incredibly useful. I’ve been in a DMP with StepChange since May 2021, this is for four separate…
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DCA chasing business debt under personal guarantee
This discussion was created from comments split from: Help with a Capital on Tap guarantee.
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Self managed dmp process questions
Hi all, Following advice I received on here a few months ago, I cancelled all 17 of my debt direct debits and stopped payments. So far, four accounts have defaulted. I’ve been monitoring my credit file to confirm each default before making any payments to the collectors. Of the four that have defaulted, none have been sold…
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Reply from Lowell
Sent a ProveIt letter to Lowell, for a debt that defaulted in 2019 (has come off my credit report) but had been paying - last payment was in Jan 2025. Received this in response - is this sufficient to prove the debt? (2. Is their claim that I was paying the debt enough to reset the clock for Statute Barring, or can I ask…
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Moved: Alternative living to escape the rat race....
This discussion has been moved.
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Financial Ombudsman not upheld complaint
I have heard back from the Financial Ombudsman & they have not up held my complaint against Zopa loans. In his reasoning the FO claims my debts totalled £28k at the time of the loan being taken. In actual fact my debts totalled £42k. I learned during an argument with a different loan company that my three Updraft loans…
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Orphaned Plan 2 Student Loan
I posted this question once, but maybe it could get its own thread, as it might be overlooked in the existing thread, which is already a year old. I'm a Plan 2, former PGCE Student, with a student loan. I failed that course. I did a degree course first. I am 61 and don't plan to try again or go back to work. What happens…
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17 year old debt, token payment and sudden threats from debt collection company.
Hi all, My brother took out a loan around 2008 and a few months after suffered an accident which left him disabled and unable to work. My mum took up the mantle to prevent him getting CCJ'd by paying £1 a month to Cabot. Which she's been doing ever since via standing order. Apparently, they have sent letters periodically…
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Bounce Back Loan Default
So, I have a bounce back loan, it was taken out as a sole trader. I'm currently defaulting on all my credit cards and loans since i just can no longer afford them atall, I've had my first default show on Experian for Vanquis. I received a letter today from Moorcroft to say they are acting as collection agent for the bank…
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Affordability complaints - advice needed please
Hi everyone, I’m looking for advice from anyone who’s been through the affordability complaint process. I’ve submitted a few complaints, and two are now with the Financial Ombudsman Service. PayPal has offered a goodwill gesture of £350 on a £2,300 balance. I’m not sure whether to accept it or keep escalating, as I feel…
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First steps
Hi - This is my first step to accepting I have problems….I’m struggling with spiralling debt, mainly credit cards. I’m not yet at a point where I can’t afford to pay them off, however if I carry on I will be. I’ve been debt shifting for years, 0% to 0%. Without actually reducing it. My spending habits are bad. However…
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