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Sleep managing hsbc hesitant blip help
Hi all, My husband and ibad debts of 42k and in 2022 started a dmp for 18 creditors. We didn't read this forum and didn't know aobut waiting for them to default but we through sc in 2022 This year we requested ccas, SC kindly put the creditors 5 x link on hold while we waited for them back. Then we got them back bur…
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No Default on credit but a threat of CCJ
Hi. Hope someone can help me. I have been reading up on the forum regarding debt and paying off some monies that I can afford after being defaulted. 2 of 3 debts have become a default on my credit file. However, my NatWest debt hasn't defaulted. I have rather received a letter threatening me that they will do a CCJ if i…
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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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I'm a little confused with ACI
I am a little confused with a debt that I am currently paying off, it was oakbrook loans and the debt was passed on to ACI. This is where I am slightly confused they don't appear on my credit file, I had letters from them in the past which have been Mr instead of Miss so slightly confused with that also as my friend who…
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Bank details for moorcroft?
Hi does anyone have the bank details for moorcroft. Every other dca has their bank details clearly on their website. Trying to set up a standing order for a self managed dmp. thanks
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Does a guarantor transfer when a debt is sold?
My daughter recently completed her first year at Uni where she stayed at a halls, and I had to co sign her contract as guarantor. She met her boyfriend who lives and works locally soon into the course and when she finished year1 they decided to flat share together in year 2, and they went staright ahead and rented from…
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Exiting DMP before mortgage application
Hi. Firstly unaware if this should be here or the mortgage section so please feel free to move if it is more relevant there. I have been in an active DMP for over 6 years and now looking for my first mortgage. I wish I had done more research into the effect the DMP has outside of the defaults as I would have gone…
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Does VeryPay have a contact email?
Hi there, I'm currently in the process of paying off all my debts and one of the only ones that I need to contact is VeryPay. I have around £600 on a store card, half of which is "buy now pay later" which I intend on paying next week. All the contacts I can find for Very appear to be via mobile, which as an autistic person…
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Title: Starting a DMP but Debts Defaulting at Different Times – Worried About Legal Action (Joint De
Hi all, We’re looking for some guidance about starting a DMP and would really appreciate some advice from people who’ve been through it. Our joint unsecured debts total just over £130,000, and they’re all at different stages, so they’re going to default at different times. Our original plan was to wait for each one to…
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Link Financial - Father Deceased
Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?
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50% reduced payment offer - should I accept?
I ran up a lot of debt during the pandemic as I was self employed as a limited company director, worked in the performing arts and therefore lost all my clients as the first lockdowb started, and apart from a couple of ad hoc jobs was claiming UC (without housing element) for the next two and a half years. I managed to not…
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Fork in the road
I have a dilemma I'd like to get some knowledgeable thoughts on. It's a development from my previous thread. I have unsecured debt, circa £50K, and had to leave employment due to ill health. My monthly income is therefore around £600, as I am currently on ill health benefits. It's reasonably likely that I will be unable to…
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Quick Query pls re: defaulting/not paying and contact with creditors
First post :) last month I reached a decision that action was needed over unsecured debts that have just become too much to manage. I scanned over the threads and have followed all advice and have stopped paying, had no contact with creditors and am waiting for default. I am wobbling a bit on the no contact with creditors…
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In 26k debt, is a career change right now worth happiness over being miserable? 35M
As the title suggests, I am currently in 26k debt, it was just shy of 40k post divorce 3 years ago but have managed to reduce it back to the current amount within just under 2 years. My situation isn't the best in terms of where I want to be. I'm a military veteran and have struggled with my mental health since leaving 6…
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Maximising the benefits from spending
Hi, I wondered whether anyone would be happy to share the approaches to their spending that they use to maximise benefits via apps/vouchers/cards etc? An example of one we were talking about yesterday at work was: Buying Sainsburys Voucher via airtime for cashback shopping at Sainsburys for Nectar points Saving airtime…
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Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
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Advice on Partial Settlement whilst on DMP
Hello, I’m getting towards the last quarter of my DMP journey and my sister has offered to help me pay it off if I can get a reduced rate. I've phoned one of the creditors - Lantern. I have a guarantor loan with them which has £4,200 left. They’ve offered me only 25% off. I know my sister and I know she’ll help me only…
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Default notice and DMP
I have a DMP with Stepchange. I got a letter from the bank saying that they’re going to send out a default notice. I’ve never had one before, so I don’t understand how it works if I have a DMP. Do I have to pay the balance or full amount because while i can’t pay the whole amount I could pay the balance within the next two…
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my debts will never be paid...PLEASE BE NICE
Hello, bit of background I was with Payplan with s DMP then in March 2020 as was self employed and when Covid hit income dropped and has never really recovered, went self managed DMP December 2022. Everything going ok , have paid a total since March 2020 of £8.5k but still owe £31k. when with Payplan was £200 per month and…
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CC company offering to help reduce debt - Is there a catch?
Hi all. My wife has had a credit card for a very long time and has only ever made the minimum payment due to low income. She has received a letter from them offering to help to reduce the debt and clear the remaining balance by way of two options: 1: 4-year plan - Keep the card - Reduction of interest rate to 21.66% with…
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