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£31,000 Credit Card Debt and My Anxiety is Unbearable
Hi everyone, I’m in around £31,000 of credit card debt
across four cards, and the stress and anxiety is seriously affecting my health. I’ve
struggled with anxiety for over 20 years, and this situation has made it so
much worse. I missed my minimum payments in March and will
likely miss them again in April. The constant…
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Advice on old/current debt. Out the blue.
So i have received the letter below as 1 of 2, personal Credit card and a seperate one more or less identical for a personal loan. Looking for some solid advice on how to proceed. Just received them and do not want to leave something too late. Background info :- IT Contractor. * Had accident in August 2018 was ill for a…
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MSE News: Council Tax debt collection practices are changing in Wales
Council Tax debt collection in Wales will become less aggressive next year, under new rules announced by the Welsh Government today (Friday 26 September). It's a big win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI), who have been campaigning to change…
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Aqua credit card/ Moorcroft
Hi, looking for some advise on an email I have received. Aqua not showing as defaulted yet on my credit report although it does sy contract terminated on my app and I have not received anything in terms of a letter in the post. All letters in my app.(ishis the same) I have now had an email from Moorcroft asking me to…
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Full &Final Debt Offer Letter Template
HI All, I am in the process of creating Full and Final settlement letters for my partner for for his 3 remaining debts. I have already requested CCAs and 2 out of the 3 have come back unenforceable - the 3rd is less than £900 balance and that is the one that is enforceable. I am going to gift him some money to clear the…
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Paypal Credit no default letter— [FOS Complaint Update] PayPal Tried to Offer an Interest-Free Settl
Paypal Credit has reported default on my credit report but I’ve received any letter from any debt collector or third party about making payments. Should I contact PayPal credit or wait to receive a letter about making payments. Many thanks in advance.
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Am I doing the right thing?
Hi all. Just want to check I'm going along the right lines here. One of my credit cards defaulted in seot 2023. Last payment was April 23. It was passed to westcot, back to original lender, to moorcroft ... I have not interacted in anyway with any of these companies . The last contact I received in writing was moorcroft in…
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Advice to take out IVA or set up agreements with creditors ourselves
My husband and I have a total of 65000 unsecured debt ( credit loans with accrued interest and personal loans) we have a mortgage and second mortgage total of £92000. we are keeping up with all priority bills and insurance for house. But we are no longer able to keep paying all our credit cards . We have ben paying minimum…
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Statute barred debt (Credit card) from 16 years ago...
I have a statute barred debt (Credit card) from 16 years
ago. After ignoring text messages, phone calls and the occasional letter from Capquest
for many years, I recently started receiving calls and letters from ACI, who are
working on behalf of Capquest. I then received a letter from Verity, who are
working on behalf of…
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Help required
A long time lurker. This forum has been very useful and I have followed advice to let two accounts default as I could not keep up with the repayments. I have been saving an emergency fund and feel as though I am in a better place moving forward. I have two accounts with Tesco that have defaulted and are now marked as…
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Large amount of debt and don’t know what to do
I want to post this to get some advice. I currently have about 45,000 pounds in overdraft and credit card debt. I have swapped the credit cards to zero percent. I have tried to pay back some of the overdraft money but the bank won’t pause the interest charges so I face 140 a month on one account charges and several hundred…
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New To Cancelling D/D and Already Made Mistake - HELP !
Hi All , I am so glad to have found this thread .We are a couple in our late 60's .We've always paid our debt but in 2010 I had to leave the NHS to become a carer for my husband .That was the end of my career and the start of our credit card debt .Without running them up , we couldn't have survived .We went from from good…
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Unsure what to do
*I have posted on DMP post but realised here was probable better upon further reading* Good evening/morning everyone, I have never actually written anything on any of the forums before, I'm a big time lurker in lots of threads, however I really need help. My last baby is almost three years old and I haven't worked since i…
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66 month old debt advice
My wife received the attached letter from Kearns Solicitors, claiming on behalf of their client LC Asset, who are some form of Link Financial. The original debt was a £50k loan from Barclays. She defaulted on this loan in April 2020, so she is now just over 6 months away from it being statue barred. There has been no…
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Moved: Student loan income calculation
This discussion has been moved.
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Default/Debt advice
Hi All, I’ve made a real mess of my life these last few years and got myself in a financial disaster. I don’t want to go in to specifics but I have made the right steps to getting this sorted for the sake of my family, before I had all the right intentions but none of the will but that has changed now. I have about £36k…
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Please god help, 60k in debt and feeling suicidal
I have the following debts MBNA CC- 9286 MBNA Loan - 9193 Barclaycard CC -14,094.50 Natwest CC - 19,719 Virgin CC - 4811 Very - 2750 I have used up breathing space of 60 days with all of them apart from Virgin & Very who i am managing to pay £50pm each to & have not gone into bad credit with them yet The rest are in the 2…
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Debt Consolidation After Defaults – Rebuild Plan Before Remortgage
Hi all, Posting for a friend who’s trying to get their finances in order ahead of a future remortgage and would really value some advice. They currently have three defaulted accounts (one in their name, two in their partner’s), all currently unsettled. Their credit scores are poor, but they have steady long term…
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Is there a minimum payment?
Hi all, I’ve followed all the advise so far on here and 4 debts are nearly at the point of defaulting now. I was out of my depth anyway which I take full responsibility for, in the past few months my husband has also left meaning what I can now afford monthly is VERY small. So my question is once the debts are sold on if I…
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Statutory Legal Audit Plan (Debt solutions)
Has anyone heard of or had any experience with these as a debt solution? Thanks in advance.
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