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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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notice of sums in arrears letter re. car finance
Hi,trying to help a family member who have got a letter recently saying the following: LETTER:This is a notice of sums in arrears served in accordance with Section 86B of the Consumer Credit Act 1974 (CCA) because you are behind with your payments in relation to the Agreement set out above. Please contact us as soon as…
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Moved: HOw does unemployed with business ideas get a help ?
This discussion has been moved.
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Debt Help Needed
Hi, I am currently in a situation where my loan payments take up nearly 60% of my monthly wage. Then having to pay Credit Card payments on top of that leaving me with roughly £200/300 to get me through the month. I feel like I’m losing grip on everything and getting into a hole that I don't know how to get out off. Any…
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I need help
I just dont know what to do anymore. Im over 20k in credit debt and cant afford to pay it back. Ive been stupid and I know that. I have home equity which I kept telling myself would clear it, but thats going to be difficult. Ive cancelled all my direct debits for credit cards and thought IVA was the way to go but now im…
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Merged: HOw does unemployed with business ideas get a help ?
This discussion has been merged.
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Mortimer Clarke income and expenditure form
Hi everyone I have made a payment offer to Mortimer and Clarke solicitors for a MBNA debt. They are insisting I need to complete an income and expenditure form. I have told them in an email what I want to pay £15 per month. This MBNA debt was a debt where I won a case for unaffordable lending. In the note from from…
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Lowell - Can't Find Original CC Agreement
Hi folks. I'm currently doing the self managed DMP dance. Brachers have already stated that they will stop any further contact for 24 months. Lowell however have sent me another letter. I had asked them to produce the original CCA. This is their exact reply in the recent letter. Hidden away in the firth paragraph... "Due…
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Dealing with Marstons Debt Recovery
Any advice would be gratefully received in regard to dealing with Marstons. Currently owe £314.42 with Marstons from Council Tax arrears. When I called to change my payment plan to split payments over four monthly payments. They refused, stating that they could only cancel the payment plan, which would lead to enforcement…
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Advice regarding DMP - court action
Hey all, firstly would like to thank you all for your help and advice, its really appreciated. My situation now is i have been waiting for my debts to default some have and they have been purchased by a DCA which i have agreed affordable monthly payments to, My NatWest loan is my largest debt totalling to £65,000, they…
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ACI and Verify chasing historic debt
The debt is from about 20 years ago - if not more and it does not appear on credit report. As I have moved around a fair bit, how can I tell if there aren't any CCJs related to the original debt. I have been on the electoral roll for at least 7 years and I have not made a payment or acknowledged the debt for well over 15…
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Help with moving CC balances
Hi All, I have a spreadsheet with all my current CC balances including their 0% end dates etc. A couple of cards still have room for transfers but would mean I have 2 or 3 different 0% dates on the same card. Is this wise or over-complicating matters? I'm not in any defaults and have 0% offers available to me but I just…
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In a bit of a pickle
I feel embarrassed stupid and upset that I've got myself in such a silly mess.. I separated from partner in 2022 I used £15k of savings plus about £9k of credit to purchase a static home for myself and son to live in...We were renting prior to our separation and I only worked part time, my ex paid the bills, I couldn't get…
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CCA Agreements Request Help - Full and Final Settlement offers
Hi I was wondering if you could help me with the following: I have been in a DMP for the last couple of years. All my debt has been sold to debt collectors. Could someone point out to a template on how to request CCAs? How and to whom do I send the postal order of £1? Do the postal order for £1 needs to be per debt…
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Going to court?
Hi All There's a credit card debt that will be statute barred in approx 2 weeks. The DCA has gone quiet. If they are preparing to take me to court, do they have to issue proceedings before the default runs out or get me in court before the default runs out? Thx in advance
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Personal Debt Advice - Credit cards with some complications...
I owe roughly £50k on 4 different cards. I've done this to live and pay rent because my business has tanked since the pandemic. I have not defaulted yet but i'm only a month or so away from this. I have nothing. No savings, no investments, no pension, and I rent. I've cleaned myself trying to survive the last few years.…
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CCA questions
Hi all, i recently sent a cca request to a creditor/collection agency. They have sent my postal order back saying it is not required and have also just listed balances of 2 accounts i have with then. 1 account is actually 2 credit cards they have combined as 1 amount, but when i check online it shows 1 amount with 2 sub…
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