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DMP Newbie - Help please!
Hi all, just looking for some advice please on a DMP. I’ve read through many of the threads on here which have been great and have helped me understand that I can get myself out of this bad situation. I just want to clarify a few things. * I understand it’s recommended to default before entering a DMP, to build up an…
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Full and final settlement - option removed for fully satisfied.
Hi, I am in discussion with moorcroft group to attempt to settle an account with them. I VT’d my car last year, but was hit with a bill afterwards. The balance is £5700, I was sent an offer by the original creditor in January for £4K and the account to be marked as satisfied, however I was not in the position to make the…
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The mental side
As the title says, how do people deal/cope with the mental side. I’m at the beginning of the journey 1st/2nd missed payments. I take responsibility for the debt although life’s dealt some tough hands which is a lot of it. But how to people deal with the idea of ruining your credit for 6 years? I’m saving the emergency fund…
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CCJ advice required please.
Hi, A messy situation, but I'll keep this as concise as possible, as I respect and value the help you guys provide. I would appreciate your help please. Having gone through financial failure/divorce, loss of child, loss of job, severe depression, had to walk away from the UK in 2018 and moved abroad (South America)…
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Mortimer Clarke chasing after many years
Many years ago ( about 2007 ) I got into trouble with a Marbles credit card and ended up with a Ccj ( I think this was between me and HFC - who owned Marbles ) for about 8k ( no judgement please I was in a terrible place ). As I was in a terrible place ( drowning in debt with an alcoholic husband who drank most of our…
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DMP Help
Hi I am thinking of starting a DMP and am in the process of doing my SOA but have a question first. My unsecured debts are currently around 9K and I have a car on PCP finance in my name, however my wife pays the monthly payments. Would having a DMP affect the PCP agreement as the payments are up to date and my wife is…
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Barclays and Nationwide
I’m sure they are not…..but reading something on line I just wanted to be 100% sure….. are Barclays and Nationwide linked? My Barclaycard is going to default and I want to use nationwide as my main account going forwards. Thank you
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Need a Hand Hold…
Evening. You may remember I posted a thread a few months back whereby I finally faced up to almost £100k of consumer debt, accumulated after years of IVF treatments. I’m now in a position where I’m waiting for defaults. Two have been issued and sold on and I’m paying £50 a month into each. Waiting on the rest. After months…
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DRO partners mortgage
Hi I’m looking for advice/ reassurance regarding a debt problem. I am currently 1 year into an IVA however after having an accident my circumstances/ situation has changed and I am struggling to make repayments. I now believe I meet the criteria for a DRO however after speaking to moneywellness today on the phone they have…
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Missed 1 DMP payment with stepchange
Hi all , due to a dental emergency, I had to miss this month's dmp payment, I've had the plan since September last year this is my first missed payment . I spoke to stepchange this morning and they were OK with it and I assured them I will make next month's payment without any problems . But I'm worried to death my…
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Iva termination
Hi, this is my first time posting so I apologise if it is in the wrong thread. I was wondering if anyone had any advice to a situation I have stupidly found myself in. Basically my debt was getting out of hand and out of desperation I signed up for an Iva last year. However due to circumstances this is no longer affordable…
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Would DMP be the best option?
I have been struggling with Debt for the past couple of years as and it has spiralled out of control and I am looking for advice on the best course of action to address this. My income after tax is £1974 and my household expenses (not including debt payments) with my share of the rent (living with partner) is £1771. I have…
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More troubles with Cabot
This discussion was created from comments split from: Cabot - wanting more!.
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Unenforceable? N*xt
Hi all, I've been in a dmp since 2022 and sent cca requests out in March, I just received this back from Ne*t. It doesn't say unenforceable and I'm not sure what 'Executed' CCA means? The account defaulted a while back. The amount is for just over £200. Can I stop paying this one, letter attached? Thanks so much for any…
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Step change to pay plan
Hi all. Is it possible to move from step change to pay plan. I ask this as I have stupidly required some more debts and feel like I would just like to start a fresh. Thanks
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Cabot - wanting more!
Hi I have been paying a debt to cabot, for many years. The debt is probably 12 to 13 years old. The debt has passed through many debt collectors in that time, however recently cabot have sent me letters asking me to increase the monthly payments, which I admit is not a great deal. The letters are increasing, I'm getting 1…
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Letter of Claim advice please
Hello everyone, I have an issue around a letter of claim that I'd like your help on please. I've had a few letters from BW Legal on the behalf of JC International Acquisition claiming that I owe them just shy of £500 for a debt that I owe to Sky UK Limited. Before we get too far into this I just want to say I've never had…
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DMP or try to attack debt myself
Looking for some advice or comments from those that might have been in similar a situation. Have posted this on Reddit but was told this is the where the knowledge is at. I have had debts in some form for around 5 years. I was making solid progress to clear these in 2022 however got a bit reckless in spending in 2023/24…
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AMEX and defaults in self managed DMP
Just posting here to see if anyone had experience as to how quickly AMEX default? 2 payments have been missed and the interest is climbing rapidly so keen to know if anyone had experience of this? Many thanks
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Received my first letter from Debt Recovery
So this morning I received my first letter from a Debt Recovery for a Marks and Spencer debt - a little bit scared. There is now a default showing for this debt only on my credit file. Waiting for info on the other 4 debts. Here is my thought process. * Make an updated list (nothing has changed since I stopped paying in…
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