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Daily phone calls and initial letter from Westcot
Earlier in the year you all gave me some really useful advice about my frightening debt situation. I stopped paying all my cards in Feb/March, and am waiting for them to default. None of my credit card debts have been closed and defaulted yet on my credit record. I had a letter from M&S saying they were passing my debt to…
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Payplan DMP
Hi, So I contacted pay plan because my debts amass to around 33K and I am struggling to keep onto of the monthly repayments. We went through all my income and outgoings and they recommend me going on a DMP. We worked out I would pay £591 a month and it would last 4 years 7 months ish. Our fixed mortgage is going to end…
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No defaults on credit file
Hi all I’m a few months into my journey of self managed DMP. I had a default letter from Hastings loan in June, nothing is still showing on credit file but debt has not been sold on. What do I do not make contact until it shows on file? Or contact new company and update regarding a default notice? thanks
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Trying to get free and out of DMP
Hi, i have been in a DMP with payplan for around 12 years, and still have a long way to go. I potentially may have a gift being offered to partially pay off some of my debt, but the giftor is keen to keep it as a low as possible. I still have £20k to pay off,paying £80 a month, to 11 creditors. How would i go about trying…
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30 Years old, $53k In Total Debt, $100k Salary - Need Advice
Hello everyone, I'm pretty scared typing this but I need advice on how to tackle paying off my debt. After totaling everything up I learned that my total debt is $53,425, with me paying about $1,903 a month (credit card debt + personal loan). I realized I've made some serious mistakes in my finances but I believe I can…
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Cabot repayment
Hi all. I have been making small monthly payments to Cabot since they took over the debt in 2017. I have recently been hassled to update my budget planner. I was prepared to pay more, but they have told me that I need to now pay them £92 per month when my monthly disposable income is £169.50. I declared that I put £25 per…
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Lowell settled default - O2 error
O2 incorrectly charged me £14. I called customer service, thought it was sorted, a year or so later I heard from Lowell. It was only £14 so I paid up not realising they would still raise a default on my credit rating. I chased O2 again who confirmed the error was theirs in writing, and promised removal of the default…
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Zopa Loan default
Hi, could you please advise if this is anything to worry about before I start a self managed Dmp? At what point do I contact them to set up a payment please? See attached letters. This is after 2 missed payment rather than the 3 to 6 that it says they usually start defaulting. Donr want to end up with a Ccj 😞. Thanks for…
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Use LISA to pay of debt?
Hi everyone, I’d really appreciate some advice/opinions. I have nearly £15,500 saved in my LISA account towards a deposit. My problem is, I also have £7000 worth of credit card debt which I just can’t seem to shift. Because I have them means I’m so frivolous and just use it. I really want to just get rid of both of them to…
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Credit/Loan/Debt Help!
Hi, I've been trawling through the website and Forum for some help but haven't quite found the right thing... plus some conflicting advice. I'm hoping this community can provide some help from their experience to navigate me through this minefield! I have a 'normal' credit card, a 'balance transfer' card, Paypal Credit…
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Greenhalge Kerr- council tax collection
omg I have had the misfortune to try and sort some council tax debt out for my 85 year old father - for reasons unbeknown to us the debt has gone to Greenhalge Kerr and they have added 2k to it! Im not sure why Nottingham decided it passed this debt on - its the first we heard of it so could have been sorted out- but given…
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60k+ Debt, feeling a little lost. Is a DMP right?
Hi all, hopping on here for some advice, more than anything I have over 60k of debt, and it's getting to a situation now where I'm struggling to pay everything and afford a decent day-to-day living without the weight of stress bogging me down. It's my own making and I've been a bit of a fool. Rewind back a year and both…
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Student finance debt and ADHD
Hi my daughter who is 21 has been at uni this last 2 years. We have been supporting her financially as well as the student finance. She has approx 30K in debt on student finance. The issue is when she finished year 1 she failed on one module we couldn’t understand why but then further probing etc my daughter has ADHD.…
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Starting a DMP? Help please!
Hi all, So I’ve been on with step change who have recommended a DMP for my debts. Here’s a list if needed: NatWest loan - £4500 Aqua credit card - £2500 Zable credit card - £1000 Very catalogue £800 Monzo over draft - £400 < although this doesn’t cost me anything so I’m not sure I want to include it as a DMP? Now I’ve…
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DMP and CCA
Hi all, newbie here. Posted last week I'm at the very start of a self managed DMP, first month not paying my credit accounts, anxious still and worried about what to expect. I have a few questions about CCA's I have seen them getting mentioned on a few posts. As a newbie can anyone tell me is this something I have to do? I…
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Questions on DMP
Hi Everyone!! This is all new to me and my husband, we know nothing about DMP apart from what we've read only. our situation is ; .90k in debt- loans and credit cards - (no car payments or anything) . 4 young children - 8yrs and under. . husband self employed . I am employed and I clear £900 pm . . we own our home-…
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Stepchange DMP
Hi all, Totally new on here so apologies in advance if these questions have been answered elsewhere! I entered into a DMP last August with Stepchange after getting into debt following losing my job. The questions I wanted to ask are as follows: 1. Was it a good idea to enter into a DMP or should I have managed it myself -…
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28 and considering an IVA
Hi all, I'd like to start out by saying I've always been quite realistic when it comes to my income/outgoings and considered 'sensible', but after around 10 years of building £23K unsecured debt, getting a mortgage and car finance, it's gotten to the point where I'm now thinking "I should have never gotten that credit card…
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Advice regarding debt - IVA offer seemed dodgy?
Hi all I have around £8000 of debt from credit cards and loans which sadly the minimum payments crept up on me after the no interest period ended. They have all been sold to debt collection companies. I also have £7000 HMRC VAT debt which was for a company which never even traded. They kept sending me estimated VAT bills…
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Very Small Energy Debt Unsure Of Next Steps
I posted this a while ago in the Energy thread (re-edited) but wanted some advice here if anybody can. I feel a bit guilty as the debt is very very small but money is very tight and a debt is still a debt.Brief backgroundMoved into HA flat (Scotland) late June 2023 - Rebel Energy were the deemed supplier and quickly gave…
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Most recent: NST November 2025: NOWvember by dizzyblnd
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