Debt-free wannabe

Hi guys So my Lloyds Bank Loan finally officially defaulted and the debt has now been sold to Link Financial. I have set up a standing order for £15 a month to them which is all I can afford at the moment. They recieved my first payment and it's showing up on the online portal. Today I received this email from them, they…

Morning All, Recently I received a letter from ACI-UK Stating that I owe £568 to HSBC. I have no recall of this debt owed and nothing is showing on my Credit Report. This could quite possible be from my youth some 20+ years ago now! I therefore sent a "Prove It" Letter via Royal Mail signed for 1st Class, of which was…

Looking for advice before signing up for a personal loan to consolidate debts. Currently have 20k in debts on various 0% credit cards. Paying the minimum payment every month £350. All of the cards lose the 0% promotion period at some point this year so will have to switch them all which will of course come with a fee of…

hi, I have 6 defaulted accounts that I make small monthly repayments on, and the interest has been frozen on all of them. I have been paying regularly for 4 years now. What happens after 6 years, are these debts wiped? Presumably if yes, it will take longer for my credit score to recover than if I had settled them? I am…

I’m in the process of starting a self managed debt plan just looking for some clarification on when to start making payments, I have stopped payments and waiting for defaults one debts had been passed to moorcroft and they have sent this letter as it states in the letter that a default has not yet been registered do I…

my friend is a stroke survivor, from a stroke July 25. He still has full care support from the rehab team and 4 care visits a day. Prior to this stroke he was in a coma for 7 weeks from pneumonia, and also had a previous stroke where he was sent to a care home for rehabilitation. He has had an aggressive visit from Marston…

I'm just lost just now. To give some background, I had a disagreement with my ex wife regarding child maintenance payments as I had both my daughters staying with me 4 and sometimes 5 overnights per week but paying £400/month. Long story short, she lied to CMS saying I only had them 2 nights per week, I refused to pay it…

Hi All Over time, since my divorce, I have slowly been building more and more debt, mostly CC’s, short term loans, home shopping. I initially applied for a DMP with SC, but after some changes to my I&E, they say I don’t have enough funds to deal with the 23 (god 🙄) creditors. I only have £110pm available. So they have come…

hi, I'm looking for advice. i have a credit card with Aqua, I've recently been sent an email that they are now selling my account to Link Financial Outsourcing. i know i have to wait for them to contact me within 60 days, however i have financial anxiety and questions. firstly, what does this mean? what can i expect from…

My spouse has passed away suddenly.. The house we live (+-£175k if matching the last sale on our street of a similar one) in is in her sole name with a mortgage of ca.£28k. She has a life insurance which hopefully will be paid off that will only cover the cost of the mortgage and funeral. Also she has a few debts,…

Hi, can anyone advise on what to do please. I am trying to clear off last few debts and rebuild my credit file and I have just noticed my transunion score dropped hugely so I was just looking at the report and it seems a new debt was added. It says September last year but I don't recall seeing it before and have only just…

Hi Like most of us here im in a chunk of debt but starting to do something about.- Circa 35k Im self employed but the business is a partnership and i cannot risk this being affected in anyway I have spoken with Consumers choice about a DMP and who I have seen advertised all over the place and wondered if anyone has had any…

So, I've got several credit cards that have now defaulted. A few of the debts have been sold to debt buyers (Lowels and Link). Others seem to have remained with the lenders themselves (Jaja and HSBC). I logged into Lowels portal and was able to set up a payment plan easily for £20 a montth. But when I logged into Jaja's…

Hi all, I am around £50,000 in credit card & store card debt. Have been fairly heavily in debt since I was about 25, am now 38 and a bit fed up with it so I've made the decision to default the lot and clear it in a DMP. I have a good salary take between £3600 and £5500 a month depending on overtime etc and would like to…

Hi All, Complete newbie here so bear with me! I had council tax arrears which were sent to Marston. I set up a payment plan and was paying £168 per month. All payments were made on time, in full. In December I had to take 2 weeks off work unpaid due to my daughter being ill. This meant that my income was much lower for…

I have 3 credit cards with different lenders and swapped the balances round so they are now all on 0% for 9,12 and 18 months. The 9 month 0% has £1400 on with a credit limit of £4000 The 12 month 0% has £2100 on with a credit limit of £5200 The 18 month 0% has £3000 on with a credit limit of £3500 I’ve had a promotion in…

I have received an email from moriarty law acting on behalf of JC international acquisition LLC for a scottish power debt at my previous property from nearly 6 years ago (august 2020) stating that l owe JC international money and they are acting on their behalf and offering me a 40% discount if l pay within 28 days. What…

Hello folks, I am looking for some guidance and advice if anyone has been in a similar situation? My ex and I are selling the house so I will be in a position to pay off my DPP. I have just under £30K which will be most, if not all the monies from the sale. How shall I end this? I've see on some forums/reddit posts, to pay…

I’m a long way off requesting these but it’s got me thinking in the days of technology how successful is it where a CCA can’t be produced? I ask this because I notice on some of my apps the CCA is there so I assume if couple of years down the line I request a DCA to produce one they will?

I am going to save an emergency fund whilst I await the defaults but am I best saving this as cash rather than in the bank? The banks I am now using are not affiliated with my debts. Also my pcp ends in 2029 - I need a car for work so plan on saving the balloon payment which is £9K - around £220 a month. Should I withdraw…