-
£31k debt through bad decisions, help with DMP
So, over the last few years, I've managed to get myself into a mess, financially. It's jeopardised my marriage, massively impacted mine and my wife's mental health and limited my family's sort to mid term opportunities. I've been treading water for a while, paying minimum payments only, using credit cards to pay down other…
-
In debt (£50k) and need some serious help - delicate position
Hi all, I’m in quite a bad position and I’m after some guidance if possible please to make sure i make the correct decisions here. I’m not really looking to excuse my position but some useful context is that I have AuDHD, CPTSD and spending has been one of the things I have really struggled to control. I have had therapy…
-
AP or default?
Just wanted some opinions on whether I do AP on a small Next Directory account (£210). It’s heading along the default route but I’ve not even had the notice yet. I’ve got 4 x NatWest accounts (with the Ombusdman as just the £13k final loan considered unaffordable by investigator), a Lloyds CC, (which was after the £13k…
-
CRS - 2nd letter for unknown account
Hi all, Just popping back on as I've had a second letter through from this company. They sent one a few months ago alleging that I owe EE just shy of £100. It's a pretty vague letter with a client reference, a "start date" and "end date", alleged debt and some spiel about understanding people's situations are unique etc.…
-
debt help
HI all, im trying to get my finances in order as im currently in a lot of debt, £32k ish currently I can just about to pay the minimums and loan payments every month. and if I do overtime or hit bonus at work I can live a little bit etc ive done a SOA which ill add below. I know I can save a bit if I change my car and im…
-
Debts and Student Finance Debt...
I have severe mental health since 1999. I owe M&S Credit Card £1k ish, PayPal Credit £2k ish, Klarna £94 and Sister £9k ish. Also, Student Finance Debt around £4k ish. Can my M&S, PayPal, Klarna and Student Finance get written off? My sister had cleared my prevous Finances and Credit Cards, so thats why i owe her.…
-
DMP, maxing credit and full and final offer
I have been reading through all the DMP posts and I see someone asked should they max all their credit before starting their DMP so they have a large emergency fund and can make full and final offers? Is this a route anyone takes? How early in could you make full and final offers? If you have a little lump sum available…
-
Merged: What do I do? Bankruptcy dro or worse
This discussion has been merged.
-
Settled Debt or Sold Debt?
Hi, I started a DMP earlier this year, and I've just noticed that one of the Loans I had has gone from my Credit report.If I check Closed accounts, it's showing there as settled.Does this mean it's been sold on? Because I have had no contact from either the Bank that the Loan was with, or whoever has bought it, and there…
-
Full and Final offer
Hello, I'm looking advice again. Most of my debts have fallen off my credit file, they have been sold on several times and I'm paying low monthly amounts. I would like to clear them over the next 2-3 years and have begun offering !!!!!!. My first reply is from Westcot. This debt is due to fall off my file in August, £1500…
-
+6 Year Debt (actual 13 years) - started receiving demands from NEW COMPANY?
I had alot of debt, from various banks and credit cards around 2002, and I lost a job around 2006 and stopped paying the debts, 6 years quickly passed and I moved address After around 2012 I never got any debt letters But this last few weeks I got one from from a company called VERIFY, which is for just under 2000£ - its…
-
Statute barred enquiry letter
Hi. I received a hand-delivered letter from a debt collector chasing an old debt which may or may not be over the 6-year statute-barring threshold. I think it should be over six years but cannot be certain, and have not communicated with them. However, if I were to send them a Without Prejudice letter asking for proof of…
-
Lovetts letter of claim
Hi, could someone please advise me on this one? My partner received this letter from Lovetts solicitors as apparently HR at his previous company he worked for made a mistake in the final calculation of his pay before he left and now he owes them money. He's left 6 months ago and the first email from the HR was received 2…
-
Debt and moving abroad
Hello, I’m sorry if this is the wrong board but, I couldn’t see a better match. I have a pretty unique and unfortunate circumstance and I’m just looking for advice to navigate what to do. My debt is: Loan 1: £9500~Loan 2: £3400~Loan 3: £6800~ CC1: £5600~ CC2: £6000~ Mobile: £260 PM (1 month left) Savings: £27,000 Up to…
-
I need help with credit card debt while living abroad
After spending the last 6 years of my life in England, I relocated back home to Romania around 6 months ago. I have a few credit card debts totaling £11.5k, largest one of which is £6k and the other under £3k and 2.5k respectively, which i continued paying even after i left the country, but I have recently stopped my DD,…
-
Living abroad with overwhelming UK debt
I'm not sure my best course of action? We moved to Bulgaria two and a half years ago when my job finished in the UK. We'd previously bought a cheap house (£7000) in Bulgaria with the intention of retiring there. I'm now 60, so a few years off yet. We didn't have a house in the UK as I was a farmer manager and we lived in a…
-
Merged: Provit Letter with minimal details
This discussion has been merged.
-
Credit Style - How to Handle
Hello all - I’ve had a series of texts from Credit Style asking me to call them to discuss an unknown debt. I can’t think what this debt could possibly be. Googling suggests this is likely to relate to either energy or a parking charge. I still have access to all my energy accounts going back seven years and can see no…
-
What’s the best strategy to pay off high‑interest credit card debt?
Hi All, I'm xxxxxxxxxx, based in Geneva, Switzerland (Swiss) . Can anyone explain what is the best strategy is to pay off high-interest credit card debt? Thanks in Advance! xxxxxxxxxx Geneva , Switzerland edited to remove name.
-
Be aware of mistakes when on a DMP and don't give up resolving a mistake
A long thread - sorry,but if I can help one person in this situation, I will be grateful. We finished our DMP in just under 4 years. It was hard to clear £10K of debt, but we did it. We used Step Change and they were fabulous in supporting us, but they did make one mistake that made it incredibly difficult to resolve - it…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: Spendy Wendy to Saver Savvy by Spendywendywoo
Today at 5:31PM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.