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Starting out
So - I’ve been floating along for a while now, and have started to get into a debt spiral. Thankfully I have a reasonably big shovel with which to attack it, and I’m hoping I’ll be able to wipe out the £16.5k that I owe in the next 10 months. I’ve finally confessed to my partner, and she’s been absolutely brilliant with me…
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Charging order from 2015 on one name but property in joint names - is it valid?
So just trying to refinance to sort out a few debts into the one secured payment, search has found a charging order i dont recall from late 2015. Having looked into it, its a charging order for an MNBA credit card i had years before in my maiden name. No payments have been made since 2016, completely left my mind i had it…
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Volume of correspondence from Virgin
I am going through the process of defaulting to start a DMP. Has anyone else found the volume of paperwork from Virgin crazy? I received 6 separate letters from them today all dated 5th Jan 😳 …still hasn’t defaulted
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LOWELL SAY MY DEBT IS NOT STATUTE BARRED BUT I'VE NEVER RECEIVED A CCJ
Hi, just need advice / letter template please Lowell have wrote to me asking for repayment of a £360 old debt from a catalogue. I emailed to ask them not to contact me as it is statute barred.. They have replied as below: "Your account is not statute barred under the Limitation Act 1980. This is because a County Court…
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Dubai Debt - UK law firm (how to reply)
Good morning all, I hope I can find some one who can help? I have recently received a letter in the post from a UK law firm (Iridium Law Ltd - Maidenhead UK) advising they are chasing me for Dubai debt from Nov 2012, I was trying to find a template letter to reply to these guys. I found the below thread which someone…
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documents after CCJ
a friend has had a CCJ obtained against. She is not happy about it & has asked to see the original agreement as she thinks they have used incorrect information. They claim that they have no obligation to provide any documentation following the CCJ, is this correct? Thank you
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Default or satisfied, what's worse on your file?
As the title suggests....We are due to sell our house, and there might be a bit to clear a few debts.I have a few defaults that are 4 or 5 years old, with Debt Collection Companies. When the house sale completes, would making a F&F offer on the debts negatively impact my credit score, more than the default has? The money…
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MBNA Default removed, can it be re-added from new creditor?
Hi all, A couple of weeks back I noticed my credit score shot up to Excellent, my default was removed!, the thing is it's only been 4yrs, I'm still paying the debt off via Credit Security LTD. Today I received a letter from LINK Financial advising that my debt has been sold off and to continue paying Credit Security LTD as…
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Renewing Mortgage Whilst on DMP
My current 5 year fixed mortgage with NatWest runs until June 2025. Never missed a payment, always paid on time and not in arrears. Current valuation is 282K and mortgage 70.5K I started my DMP journey in December 2023. From experience has anyone had any issues when renewing their mortgage when on a DMP with the same…
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Cancelling a postal order?
I sent this but been told not received. I still have the receipt. Will Post Office be able to cancel it please?
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Remove a CCJ?
Hi all. Me and my partner are going to be buying a house in 2025. She's recently looked at her credit report and I'm afraid it's not good. She had a balance of £400 from a catalogue which was taken out in 2017. For whatever reason, she stopped paying this and it was handed to a debt company around 2019. She has told me…
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withdrawal of credit due to DMP/IVA?
Is it possible that existing creditors will withdraw facilities if you go into some form of repayment agreement- by which i mean will my bank remove my overdraft facilty? i was also hoping to keep one credit card, with the lowest balance and limit, just for emergencies, - i.e leave out of the agreement..can that work or am…
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URGENT: Bailiff- Sending a Letter of vulnerability, Do you post it to the Court? or the creditor?
URGENT: Bailiff- Sending a Letter of vulnerability, Do you post it to the Court? or the creditor? This is Urgent as we need to get the letter posted ASAP, so thank you. When a bailiff writes you a letter that they are going to come to your property to seize goods, (this letter is from the local county court)- which has a…
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quick question are household expenses split 50 50 when doing a SAO
when doing a financial plan for creditors, are household bills and running costs split 50 50. for a couple living together., regardless of they earn different amounts eg by standard sharing and contribution rules to show creditors what you can afford to pay back if any. and if one partner has a car in their name and runs…
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Good idea??
Hi everyone, things are going well with our debt repayment. For the first time in years we feel on control. We need to look at moving more of the debt to 0% but we just can’t get accepted as our utilisation is still high/ we’ve had the card before etc I have recently shared out situation with my dad who has been a great…
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our new jobs means wife can't pay a penny to her debts
been here a while, things were going ok. we both have unsecured debts in separate names,£10000 each. ( £5400 each have stated temporarily unenforceable, but I fear that may change soon) almost all defaulted. 95%have. we rent from council both of us are running self managed DMP. we did CCA requests in October. we only pay…
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Looking for help in the best way of paying off large debts
My son has got himself into a deep hole with debts of ~£43k. I can lend him £15k to reduce this and hopefully get the debts paid off in 3 years. He is well paid and can get a small bonus some years but has less than £300 spare each month and his job involves travel and entertaining but no company credit card, so needs…
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SOA - My Plan
Hello all! I have been reading the posts on this forum with interest. I thought to myself 'I should give it a try and see what the lovely community can advise!'. A bit about myself - Im nearly 30 years old! Single bloke and in career where there is always demands for. I bought my dream house in Sept after some years of…
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DMP Tips, any other options
I have been in debt for years and just about managing, but with the cost of living crisis and other factors, I've recently accepted that it is now completely out of control, as while I'm still making all my payments, I'm regularly not buying food and struggling with other essentials. I'm having to borrow money every month…
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StepChange DMP advice
Hi, I’ve been through the StepChange debt/budget tool and they’ve recommended a DMP. For info, approx 30k of debt (across several credit cards and personal loan), income of £2241 pm and household/personal outgoings of £1283. StepChange have recommended I pay a set sum of £1138 pm. This would clear my debt in 2 years and 4…