-
New DMP - Natwest / FairfaxDrydens advice
Hello fellow DMP'ers Following a recent divorce, I realised late last year that I was unable to continue servicing my debt payments and decided enough was enough and that it was time to kick off a self-managed DMP plan (for the second time, first DMP was a good ten years ago). I have set up the DMP following the advice on…
-
Resolve call & ACI help
A couple of weeks back we got a knock on the door from resolve call (I've not received a letter from them so not sure what company it was for). I have recently had a letter from ACI informing me that I've a debt for 800 and that someone from perch verify will be knocking on the door. Now I've not had anyone knock on my…
-
Default
Hi I have been reading the threads and I see it is advised to wait for payment by a to default but I don’t understand why ?
-
Newbie...£60k in debt... light bulb is on!
Hi all I have been reading many posts over the past couple of months which have been incredibly helpful. I have had my light bulb moment. £60k in debt (credit cards, payday loans, bank loans). Not for the first time, sadly. I have been able to get out of this level of debt before as a result of redundancy payouts and…
-
Debt help-CCJ
Hi, I’m trying my hardest to clear my debts. Most have now dropped off my credit file- I’m assuming that I can now forget about these? I’ve paid off others that were not due to drop off the file and waiting for them to be updated. But, I have a CCJ that was granted Dec 21. I had no communication regarding this as was added…
-
A quick query about a loan
Just hopping over from my DF diary with a quick query for the very knowledgeable people over on this part of the board. I'm plodding along working on paying off my debt, one of which is a loan with APR of 12.3% (interest is added monthly). I am meeting payments and have not missed one ever. Current term in 46 months to go…
-
Slowly giving up - advise needed
Hi All! I'm around £33,000 in debt at the moment, 3 loans and 2 credit cards. Barclays loan - 15300 MBNA - 7300 Tesco bank - 7500 Vanquis bank cc - 1850 Lloyds cc - 580 My monthly income at the minute is around £2900 and my partner's income £1000. Total repayments are over £1200/mth After all essentials and debt repayments…
-
ACI debt collection for something I do not recognise
Just received a letter from ACI regarding an outstanding credit card debt with HSBC for over £6K. I have never had a credit card or an account with HSBC. My credit record is spotless and nothing like that shows on Experian. What shall I do?
-
How to stop letters going to old address (running debts to SB, abroad, using UK Postbox)
Hi all — hoping for some advice and to sanity check my plan. I have several old debts (mainly credit cards and loans — Cabot, PRA, Barclays/Barclaycard). They all defaulted in June 2022, so I’m halfway to them going statute barred (England). I’ve made no payments or written acknowledgements since default — I’m deliberately…
-
Mortgage application
If in the future I wanted to apply for a new mortgage/remortgage once the 6 years are up and defaults dropped off….even if I still owe balances do I have to declare them on a mortgage application as they would be no longer on my credit report?
-
Debt Advice Needed
Good Evening All, I am looking for some advice as I have got myself into a bit of a mess. So following divorce a few years ago, I found myself getting an addiction to gambling and its basically consumed my life for the last year and has got me into debt in the process. I have decided enough is enough and I need to stop, I…
-
Some advice on a DMP
Hi All, I have been researching potentially going on to a self managed DMP for a few weeks, reading threads etc. I am utterly ashamed and embarrassed about my situation. I flip between feeling like a DMP and trying to chip away at my debt. Realistically though, I know the latter is probably not possible. It has been…
-
I’m £50k in debt Scotland
Hi folks, I know this is all my own doing but after a difficult divorce I bought a small house that needed some work. To cut a long story short I now have 8 credit cards, with £17k of debt, most of which is on 0% for a year. I have 3 loans, one with 8k left, one with 7k left and one with 19k left. I earn £50k a year, I can…
-
Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
-
Affordability complaints?
Hi, I look out a loan with lendable a few months back due to gambling issues (basically blew a lot of money and needed to cover the loss). I have a couple of creditors with arrangements to pay at the moment on my credit file and was wondering if it is worth raising a complaint about this with the lender?
-
Intrum poplar designated activity company - What to do?
I started digging after receiving letters alleging a statute barred debt had been sold to "intrum poplar designated activity company" according to Capquest (an Intrum) subsidiary. The debts alleged to be owed were "assigned" from Arrow Global Guernsey, the company Capquest had previously been instructed as a Debt…
-
Add 65k debt to mortgage, dmp, or something else?
Hi, we have serious debt. Our credit score is good at the moment but we are struggling to make payments. We need to sit down and do a full SOA this week but I estimate our credit card debt (between us) to be around 65k and an overdraft of 1.5k on our joint account. Our mortgage is due for renewal very soon. Our house is…
-
Debt advise redundancy
Hello, I have around £18k on various credit cards. Which I have been paying minimum payments on zero interest. But those promotions have ended and I have just been made redundant. What do I do about repaying and not being stuck in the loop of paying off only the interest every month?
-
Where to start?
Hoping for some advice I have spiralled in to debt through loans and credit cards I don’t no what’s I have spent the money on as I have nothing to show for it i Have listed what I owe below and just don’t no how to tackle it I’m loving month to month due to high interest rates and trying to keeping them paid without going…
-
Advice needed
Hi all I Am after some advice please. I recently inherited £6000 after the death of an uncle. i/we have various debts which have accumulated through poor judgement and desperation due to my wife having work issues over the past 18 months. i am wondering what the best thing to do with the money is. Run down of debt is £4000…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: Juggling mum/work life, whilst looking after my future self, both financially & healthily by missymoo81
Today at 7:48AM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.