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HSBC/Wescot
My HSBC CC debt defaulted a couple of months ago and was passed to Wescot…I set up a standing order for £5 a month, which they have accepted and said it will be reviewed in 6 months. i have only made 2 payments (debt is £4,500). Surprised to have received a letter from Wescot asking me to get in touch about a reduction…
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Help - DMP & Default Question
Hi, I am a gambling addict and have recently very quickly been able to gamble a significant sum of money by getting loans and credit cards and an overdraft within weeks of one another. I own my house with husband who I am needing to speak to about it, however before I do I need to understand my plan of action. I have today…
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Merged: Full & final settlement help
This discussion has been merged.
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Scared of Debt, Divorce & Losing My Home – Please Help
Hi everyone, I’m really hoping for some guidance and reassurance because I feel completely lost right now. A bit of background: * I went through a divorce recently and bought a new home for me and my little girl. * Not long after, I lost my job due to a mix of anxiety, depression and then breaking my ankle (I had surgery,…
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Credit Card Debt
I have unfortunately got myself into nearly £10,000 worth of credit card debt. Started off interest free now thats run out and im paying interest. Monthly minimum payments are nearly £300. I am also paying off a £6000 loan. My credit is rated as fair/good on Clearscore however when i have tried to either get a debt…
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Money Issues Due to Sickness from Work
Hello, I have recently been diagnosed with breast cancer meaning I have to take a considerable time off work and am only entitled to SSP. My husband earns well but we have debts of about £30k so need to somehow consolidate these while I am not bringing in my full wage. I had planned to apply for an IVA but not sure if this…
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Pre DRO clarification not covered on gov website
Hi, so in short, I’m off work ill, I’ve got a disability as recognised under the equalities act 2010. Settlement with employer possible, claiming UC standard rate and housing element, and at risk of homelessness, council housing team are supporting. CAB helping with £30,000 debt, DMHEF should be on its way to creditors but…
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£31,000 Credit Card Debt and My Anxiety is Unbearable
Hi everyone, I’m in around £31,000 of credit card debt
across four cards, and the stress and anxiety is seriously affecting my health. I’ve
struggled with anxiety for over 20 years, and this situation has made it so
much worse. I missed my minimum payments in March and will
likely miss them again in April. The constant…
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MSE News: Council Tax debt collection practices are changing in Wales
Council Tax debt collection in Wales will become less aggressive next year, under new rules announced by the Welsh Government today (Friday 26 September). It's a big win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI), who have been campaigning to change…
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Aqua credit card/ Moorcroft
Hi, looking for some advise on an email I have received. Aqua not showing as defaulted yet on my credit report although it does sy contract terminated on my app and I have not received anything in terms of a letter in the post. All letters in my app.(ishis the same) I have now had an email from Moorcroft asking me to…
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Paypal Credit no default letter— [FOS Complaint Update] PayPal Tried to Offer an Interest-Free Settl
Paypal Credit has reported default on my credit report but I’ve received any letter from any debt collector or third party about making payments. Should I contact PayPal credit or wait to receive a letter about making payments. Many thanks in advance.
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Am I doing the right thing?
Hi all. Just want to check I'm going along the right lines here. One of my credit cards defaulted in seot 2023. Last payment was April 23. It was passed to westcot, back to original lender, to moorcroft ... I have not interacted in anyway with any of these companies . The last contact I received in writing was moorcroft in…
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Statute barred debt (Credit card) from 16 years ago...
I have a statute barred debt (Credit card) from 16 years
ago. After ignoring text messages, phone calls and the occasional letter from Capquest
for many years, I recently started receiving calls and letters from ACI, who are
working on behalf of Capquest. I then received a letter from Verity, who are
working on behalf of…
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Help required
A long time lurker. This forum has been very useful and I have followed advice to let two accounts default as I could not keep up with the repayments. I have been saving an emergency fund and feel as though I am in a better place moving forward. I have two accounts with Tesco that have defaulted and are now marked as…
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Large amount of debt and don’t know what to do
I want to post this to get some advice. I currently have about 45,000 pounds in overdraft and credit card debt. I have swapped the credit cards to zero percent. I have tried to pay back some of the overdraft money but the bank won’t pause the interest charges so I face 140 a month on one account charges and several hundred…
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New To Cancelling D/D and Already Made Mistake - HELP !
Hi All , I am so glad to have found this thread .We are a couple in our late 60's .We've always paid our debt but in 2010 I had to leave the NHS to become a carer for my husband .That was the end of my career and the start of our credit card debt .Without running them up , we couldn't have survived .We went from from good…
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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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66 month old debt advice
My wife received the attached letter from Kearns Solicitors, claiming on behalf of their client LC Asset, who are some form of Link Financial. The original debt was a £50k loan from Barclays. She defaulted on this loan in April 2020, so she is now just over 6 months away from it being statue barred. There has been no…
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Moved: Student loan income calculation
This discussion has been moved.
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Default/Debt advice
Hi All, I’ve made a real mess of my life these last few years and got myself in a financial disaster. I don’t want to go in to specifics but I have made the right steps to getting this sorted for the sake of my family, before I had all the right intentions but none of the will but that has changed now. I have about £36k…
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