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What small things will you do this week? W/C 17 March
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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No CCA request responses for 6 months
How long roughly does it take for DCAs to respond? As background, I sent several off 6 months ago and apart from the initial holding response to say they were looking into it I’ve heard nothing. Well apart from when I got one response to incorrectly say it wasn’t applicable as the debt related to an overdraft. The debt was…
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Cheque Refund Interest
Received a checque refunding all interest charged while I was on breathing space. Is it ok if I just go to the bank and deposit this? I am currently waiting for all my accounts to default. Many thanks!
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Using both 0% credit balances and a loan to keep monthly payments of debts affordable for me
I have been successfully using 0%balance transfers to pay off some debts. I always set up DDs that will pay off the amounts in time. Recently illness, losing the £300 energy payment before Christmas , and my car being stolen and costing more than the insurance to get another, andthe general price rises for so many regular…
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Debt help
Hi all, Really struggling mentally and feel like I’m in a hole that just seems to be getting deeper and darker. Need some advice on how to proceed and get life back on track. Stupidly through my own fault I have racked up around £45-£50k debts through unsecured loans and credit cards. One issue that has caused this is I…
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DMP or IVA advice needed
Hey all, im new to this thread and could really use your help and support in our situation and how to proceed, im embarrassed and feel so ashamed that it has come to this point but i need to act now as it is seriously affecting our quality of living. I feel I have made some bad financial decisions and with a house purchase…
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Next steps with DMP
I am self-managing my DMP, I have been ignoring all the phone calls and letters, and waiting for a default notice. This morning I received my first default letter from M and S bank with the wording 'Default notice for M&S credit card account xxxxxxx' - this is the first one I have received so I am a bit worried. The…
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Proof Of Debt
Hi there, I have asked a DCA for proof of a couple of debts they are claiming. They have responded, and supplied a statement and agreement for 1 account. The other is only a statement This statement is only a grid you could knock up easily in excel, with Client Reference/Payment Date/Payment Value/Payment Type. There is no…
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Letter of Claim received. What next?
I recently received a letter of claim for a barclaycard debt that went into default late 2020. I was out of the country and ended up using the card due to a bereavement in early 2020 and was unable to make the monthly payment as it became unmanageable. I contacted barclaycard multiple times to set up a payment plan or to…
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Credit report status following F&F payments
Can someone confirm if you have a defaulted debt which was then paid off at a reduced rate how this would affect your credit rating? Would the default be removed? Would the reduced settlement show on your report for a further 6 years etc. many thanks
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Unrecognised debt on file - should I send a prove it letter?
Hi all, just wanted to ask for advice on whether I should contact a creditor AGG Booth. I have been discussing this on another thread where others have had them pop up on their credit file with no contact - and I think someone has tracked down some contact details for them - or a related company so I have an address and…
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Council tax enforcement
Hi I am at the stage of council tax enforcement. The debt relates to single person occupancy discount from two years ago. I listed my current income and expenditure and made the LA an offer that they rejected? Going forward, I cannot afford to pay in one go, do I just have to accept a monthly payment the LA will state? Is…
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Sudden contact from old creditor
I was on a DMP for over 10 years which I ended in 2020 when I asked for credit agreements from my creditors - I stopped paying those who couldn’t supply them and acknowledged the debt was unenforceable, and carried on paying those who could. In October this year, it is 6 years since my last payment to Link who since they…
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Student Maintenance loan and DMP
Hi. When preparing an SOA for creditors. (When at the point of setting up payment plans.) Would you include student maintenance loans? I get £450 a month, but it does not feel like it as it is paid in three instalments a year. I have read previously someone mention they would not include income that does not go through…
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Unclear wording on full final settlement offer from creditor
Could anyone tell me what the wording below means in simple terms please? It is on a letter from a creditor Monday offering me a 60% discount to settle my account. I do intend to ask for a CCA before accepting their offer. But the wording is confusing, does it means I can still be liable for the full amount in the future…
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PRA Group Settlement
I have a debt (£4688) that's been bought by PRA and they have sent me all my account details. I have sent the a full budget of my income/outgoings and shown them I'm left with minimal at the end of the month. I have made them a settlement offer of £1000. My stepfather died and left me this money. They have countered and…
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Zopa loan default
Hello, My Zopa loan is just about to go into default, when I don't pay on Friday. What will happen next? Will it get sold to a debt recovery company or will they take me to court? Thanks JB
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What a mess
I'm in a hole. I went into a self managed DMP with 8 creditors last year and things were chugging along. I've now had to drop a day at work so only work four days a week which is impacting my income. I'm also a carer for a family member, I had to do something to get a bit of headspace back, hence dropping a day. I'm sick…
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DMP Help
Hi, I’ve been reading the threads for a while and they are great. Long story short I got myself into around 47k debt. I have resolved all the issues of why I got in to the debt and started a DMP 12 months ago, I pay £1000 per month. I set this up quite quickly as I was panicking, so no emergency fund. I am looking into…
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Is this legal by Bristow & suitor
hi, this is all me to me so not sure if I’m in the right place. Due to illness my other half lost her job and we fell into debt. We have 2 curt order payments with Bristow and suitor which works out to around 35% of my wages. However as one debt is nearly cleared I’ve noticed they’ve stopped taking money off of that debt…
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Most recent: Payment a Day - Chapter 2025 by AntoMac
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