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Debts & Defaults
Hi All, First time poster but long time lurker. I've been trying to sort out my debts for a long time but keep making excuses and burying my head in the sand, so posting on here now have some accountability. 'Luckily' all my debts are unsecured, except my mortgage which I am managing to keep up repayments on. Unsecured…
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Tackling £31,000 of Debt
Hi there, I hope this post is in the right place? I would like some help. I really want to start tackling my debts. I am 27, self-employed with a rough income of £2500 a month. I had some issues the last few years, struggling with depression and addiction. This led me to borrow a lot of money that I didn't really…
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Adverse credit mortgage application
I entered a DMP in June 2020 with £25000 debt. Never missed a scheduled payment. Although it will fall off of my credit file next year, payments are predicted to last another 5 years. Between us, my partner (no adverse credit) have been saving for a deposit for a mortgage. We have saved roughly 20% but won't be applying…
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HSBC Settlement Offer
Hi All, 👋🏻 I just wanted to ask and confirm my understanding of a line in a confirmation letter I’ve received from HSBC regarding acceptance of my settlement offer. They have advised; ”As long as you pay the agreed amount we won’t ask you to repay the remaining balance. However you’ll still be liable for it. This means…
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What small things will you do this week? W/C 6th October
When we start on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards, and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when in…
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credit card STRESS
Hi guys, I am so stressed about what’s best to do… I currently have a 6k credit card which was 0% but now i’m paying interest on it. I have a 4600£ loan and another 800£ loan. At the minute i’m just about managing to pay what i can (loan payments and £100 a month on CC) but now the credit card is gaining interest I can…
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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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Any one got a magic wand
I am looking for advice Situation 50yrs old working in a supermarket £10k owed to my brother. Borrowed two years ago, I keep checking, doesnt need back. We are paying £170 a month into a savings account, currently earning 3% interest. He is happy when we reach £10k with interest, should be 2028 when we reach target. Paying…
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Access To Credit ; DMP
I've researched several threads on this board and have a quick question, hopefully some of the helpful posters will know the answer. Multiple times I have read that anyone entering a DMP will immediately lose access to credit. The reason for building up an emergency fund. Presumably that is due to their destroyed credit…
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What small things will you do this week? W/C 8th September
When we start on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards, and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when in…
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Desperately need debt help
Firstly I am new to forums and think I accidentally posted this in the wrong place! I will try again… I would really appreciate some advice on how to get out of the massive debt I’ve got myself in. I am meeting minimum payments each month and have no missed payments. However my minimums are ridiculously high and my monthly…
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Zopa Default
Hiya, just looking for a bit advice please. Had an email from Zopa saying they have issued a default notice on my loan and if I dont reply to this the full amount will be due. I'm assuming this is what I'm waiting for? They've said if I donr contact them then the full amount incl interest will then be due. ( I currently…
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Cabot/ orbit
Hi new here !!! Hoping someone can help I had a letter last week for a debt from 2016 that was with Cabot financial I haven’t made any contact with them since November 2019 , the letter which is in my Maiden name from orbit I didn’t even read I threw away but I also received a text saying someone would call. Also , for…
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How much emergency funds to keep momentum?
Hey there, long time lurker on this board. Without posting war & peace my partner and I found ourselves in around £80k of combined unsecured debt by the end of 2023. This was a mixture of existing debt from silly spending habits, house renovation and then failed fertility treatment which really turned it into something…
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£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…
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Merged: What do I do? Bankruptcy dro or worse
This discussion has been merged.
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Time taken from INTRUM to Perch ACI to Perch Verify to Perch TM Legal on Statute Barred Debt?
As I have mentioned before Intrum bought up a load of Statute Barred Debt, it would be totally absurd for them to even attempt to pretend that they did not know that it is Statute Barred and I am preparing a nice little file for for the FCA (widespread practice) and FOS to hopefully finally get the FCA to withdraw the…
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Checking In before starting my Diary
Hi, Found this Debt-free wannabe while searching internet for solutions to my rapidly spiralling situation. I wish I had found it before.... My first Credit Card payment got bounced by my bank this week for insufficient funds. :( I could have made the payment JUST but did not realise I did not have the funds in the Bills…
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Help me start my debt free journey.
Hello I'm looking for some advice to start to get debt free. My new job has doubled my current annual wage. I have 3 credit cards with various interest rates and amounts totalling up to £13,000. Due to my previous wage I have not been able to balance transfer onto 0% cards and only been able to afford to pay minimum…
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Debt Free (for the 2nd time - and that’s the rub)
TLDR - Am I right to be scared of any debt after a long history of problems I’m 56 and been in debt pretty much since I started work at 17. I’ve never been in “trouble” apart from some dicey moments with poll tax in the 90’s, as my income has always been just enough to survive- albeit living from payday to payday. 12 years…
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