-
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…
-
12year old debt, resolve call
Hi yesterday i had somebody doorstep me from resolve call, for a debt from 2012, ive had no contact with anybody reguardng debt, sp letters, calls until yesterday, its an old shop direct debt, ive never recieved a ccj as it never cam eup on credit report Last payment made towards debt wouldve been early 2013 jan/feb Are…
-
Debt advice
Hi all just looking for bit of advice of whats the best course action i should do. So we are roughly around 30k of debt 16k loan (joint) 11k loan and 3 other small creditors round 3k total. Have been on token payments for 5 years now paying £1 month and all defaulted over 4 years ago. Is there much point even trying to…
-
Heavily indebted doofus - do I default?
Hi all, came across this forum as a 31 year old idiot who has landed himself in a whole heap of debt. My situation is complicated and I'm hoping that as this is purportedly a judgement free forum I won't be too criticised too harshly for the situation I've landed myself in. The long and short of it is that last year I…
-
Bailiffs have turned up at my parents
Hi all, I’m hoping someone can give me a bit of guidance or reassurance. Today, a High Court Enforcement Officer turned up at my parents’ house trying to enforce a High Court Writ for a personal loan I owe. The debt is in my name only. Thing is — I haven’t lived at that address in over five years. My parents were…
-
Planning to default - is my job affected?
Quick question: I am planning to default on my unsecured debts. I haven’t missed any payments yet but will do so from June. I work for a law firm as a legal PA. Is my job going to be affected?
-
Utility warehouse debt collector has come with an offer to prevent ccj
Hi, I have been back and forth with Utility warehouse regarding a debt, which I disputed. The latest debt collector has now come up with a reduced offer, that I can pay in 3 instalments and prevent a ccj. It comes across as a negotiation offer. What is the best way to move forward with this offer?
-
Communication from Creditor Advice
I recently wrote to Moorcroft Debt Recovery regarding my Marks & Spencer debt and have since set up a standing order. The payment has been arranged on a pro-rata basis in line with what I am paying other creditors, and I will continue to send the same amount each month on the same date. Despite this, I keep receiving…
-
debt is crippling me
Hi all I am new here and and ashamed that I have managed to get myself into 70k of debt, mainly trying to consolidate debts. These are the things Iv tried to sort it take a bigger loan out to cover half of it. Tried to use some equity on house to pay at least half of debt but I have been told I have to wait until Iv had at…
-
Moved: End of mortgage term last year (August 2024) but bank didn't contact me before now - can't p…
This discussion has been moved.
-
Advice for son needed please
Hello, I don't know if anyone can help me but not sure where to go/who to ask. When my son was 17 (November 2021) he crashed an uninsured vehicle into a residential property. He was arrested and went to court in June 2022 where he received a 1 year referral order as he was under 18 at the time of the incident and was…
-
Am I liable for this debt
Hi, I'm not sure if this is the correct area but I am after some advice. I checked my credit file a few weeks ago to find a random default on my it, the amount is only small £65. But I can't see how I am liable for the debt, and it's principle that's stopping me just clearing it. Reverse to 2020 and I was going through a…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: Let's get this sorted then! by Chocolatefund
Today at 7:40PM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.