-
Need help getting out of debt cycle!!!
Hi, I'm new here so apologies if this isn't the right section to post this and thank you to all the knowledgeable and helpfull people that contribute to this forum :) . Over the years I have accumulated this debt and I have just borrowed and borrowed to cover the monthly payments and it's caught up wiyh me and can no…
-
Debt & Defaulting. The Process...
Hi all, Been a lurker here for sometime. Great forum with the most useful advice! My story is similar to many others... Over several years I have got in to debt, consolidated. Got in more debt consolidated. Rinse & repeat... Its now come to the point I can't cover repayments. I am hoping to follow the advice i've read on…
-
DHMEFF forms
Hi, I have been paying my debt in debt management plan for over a decade. I have adhd and autism and now lost job and have long term sick mobility issues. My mental health is at an all time low and I just can’t do it anymore. I am ashamed to say I have considered ending things but have been referred to a social advocate at…
-
Default notice help
Hi all, have been reading a lot of great advice on here last couple months. I've just started facing my debt repayment journey and after reading advice on here have stopped paying and have been ignoring my 3 creditors (2 unsecured loans (Abound & Lloyds Bank & 1 Zopa credit card) with debt totalling around £10k. One of my…
-
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…
-
Full & Final settlement advice
Hi everyone, I've read through a few different threads and stories here and would really appreciate some advice on mine. I have unsecured debts totaling circa £40,000 across credit cards, loans and overdrafts. These range from £12,000 loans to £1,500 overdrafts, and a lot in between. I don't have any great excuses or…
-
Just overwhelming
Hi there, first time post and have been in awe of all you SME's for so many years amd would desperately appreciate your guidance. I’m a father of three and have always worked hard to support my family. Things became financially strained when my wife left work after our twins were born and our eldest was 2 years old. I now…
-
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
-
Getting going on my debt free journey
Hi all, newbie to the forum but sadly not a newbie to debt. Hope everyone is well. I’ll try and keep the background as short as possible. I’m in my 30’s, no kids. Around 6 years ago I had a bad accident that left me facially disfigured, I spent the following 5 years in a deep depression, part of which involved reckless…
-
Need some help and advice with my debts
Hi, I apologise if this has been answered already but I have been searching through the forums for a few days now and can't find what I need. I have stupidly got myself into significant debt and I need help to get out of it. I have 2 maxed out credit cards, (approx 16k between them) I have a debt with moorcroft of approx…
-
Brachers
Hi, My Amex defaulted. Once it was defaulted it was passed onto Brachers. They have been contacting me, and I made be payment to them, but the next day they have sent a formal letter of claim. I am going to fill it out and show that the payment is what I can afford monthly. But should I call them? Or just send the form…
-
DMP: 2 x CCA requests? Credit Agreement and Affordability - Is it worthwhile?
Dear All, I am now 2+ years into a DMP with Stepchange, paid off over £10K with £25K to go. Debt free date is currently June 2030. I have a total of 10 creditors of varying amounts. In regards to some of my creditors I am wondering if it is worth doing a CCA letter for two different things but would be helpful (these are…
-
Mortgage, DMP and Looming Retirement
I kinda have a plan for this but I would be grateful to hear what people think. Scenario I'm 62, due to retire in Dec 2029 - only 4 1/2 years. We have a mortgage, 42k at 1.59% fixed until August 2026. I have 3 creditors Tesco, PRA, Sainsbury's, totalling £18k. We will both get full state pensions, but we have drawn down on…
-
Redress for data breach by Halifax for corresponding with the wrong debt management company
Hi Forumites, I made a formal complaint to Halifax about why they (unlike my other creditors) didn't default my credit card account in 2019 when I was 4 months in arrears and then entered into a DMP managed by PayPlan. Someone from the complaint team at Halifax called me this morning to discuss the complaint. She referred…
-
Moorcroft
Looking for some advice re a debt repayment plan I have with Moorcroft Debt Recovery Ltd. Myself and a business partner had a business account/overdraft with RBS. The business failed and we were left £20k deep in the overdraft. RBS sold the debt to Moorcroft by which time my ex business partner had left for Australia and…
-
Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
-
What are my options?
Hi, I'm considering my options - Have been online with Stepchange and the three options were 1) DMP, 2) IVA and 3) Bankruptcy, I'm thinking bankruptcy might be my preference given I have no assets and would like to be debt free and fresh start by 46. Whole host of reasons for my situation (£93+k) in debt, I'll not list…
-
Should I get an IVA?
Hi everyone. I hope you can help. I've gotten myself in a big pickle. I've been dealing with a gambling addiction which thankfully I'm now on the other side of but i've racked up £22k worth of debt. I have a full time job but not paid that well and repaying £461 each month with nearly 4 years left. It leaves me with very…
-
Letters from Enforcement Officers and what to do about them
Enforcement Offices _____________________ I'm seeking help and advice IM sure this has happened to many people now its happened to me... A big white letter appears through my door. Its from the Magistrates court. In bold are numbers, numbers no- one ever wants to see- £1014.00..."as you have failed to make payment..." I…
-
Moorcroft/Tesco Bank Loan
Hello all, I'm managing my own DMP and my outstanding loan of c.£21k with Tesco Bank has been passed onto Moorcroft. Moorcroft are only the collection agent on behalf of Tesco. The loan is fairly recent (within the last 3 years) so I haven't yet requested a CCA on the basis that it can probably be provided. I currently pay…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
413.9K comments
Most recent: Nifty November's No-Spend Days challenge! by Dizzycap
29 October at 11:57PM
