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Debt-free wannabe

Mutual support and help for those on their journey to becoming debt-free.

Merged: Debt nearing statute barred
This discussion has been merged.
Please advice for letter explaining mental health
I am about to send a letter to all my creditors explaining my situation and I wonder if you can give me advice on it and see if its correct or if there is anything you would add or change. I have ask my mental health team to fill in the DMHEF form but while I get that sorted (you know the NHS can be slow) I wanted to send…
Moved: Self-managed DMP or ‘just keep swimming’?
This discussion has been moved.
Loss of income due to bereavement and outstanding credit card bill
My husband has just died and left me in a financially precarious situation. Until I can get a job I have no income at all apart from bereavement support allowance and hopefully £250 pounds per month from his private pension when it’s sorted out. I have £2500 outstanding on two credit cards which I was due to pay off this…
Seeking Advice on a Vehicle I am in Debt for....
I purchased an electric vehicle in December 2023, for which I took out a £9,000 loan.Unfortunately, a few weeks ago, the car broke down and has since been inspected by multiple mechanics, including the manufacturer, Renault. Both independent mechanics who examined the vehicle before Renault stated that the issue should not…
Seeking Advice on Sending a Letter to Request Debt Write-Off
Hi everyone, I’m looking for some advice on how to handle a really difficult situation. I’ve written a letter explaining the circumstances surrounding my debt, which was incurred during a period of severe abuse in every sense of the word (unfortunately) where I had no autonomy or control over my financial decisions or any…
SOA Advice
Hello, This is my SOA, I have an appointment on 4th Feb with Citizens Advice to apply for a DRO - Should this SOA be adjusted in any way? [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 3Number of children in household.........…
Difference between LBA and Claim form
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
Dmp
Hi no judgement for this please I have been on dmp for about 6 years and had about 20 k left. I have run up further debts and added them to my plan which I can clear all in 8 years. Step change have been brilliant as always but I’m having sudden pangs of anxiety thinking that I’m now going to be took to court and my new…
Thank You!
Following on from my previous post just wanted to say a huge massive thanks to @sourcrates @fatbelly @RAS and @Manyways So all of my credit cards have defaulted, all have been sold on accept HSBC it looks like they want to hold on to the debt for as long as they can, dont know if this is usual but they are the only ones…
Anyone else paying £1,000+ monthly with StepChange DMP?
Currently £36k in debt. Combination of loans, credit cards, and overdraft. Wondering if anyone else is paying this amount or if this is a good idea? Let's say I finish paying everything is 2 years +. My credit file would still be bad until 6 years after. And also, my accounts haven't defaulted yet. I wonder how long…
To sell or not to be debt free.
First time posting so be kind. My husband in his early 60’s ( but still working full time) has accrued nearly 15 grand of debt on high interest credit cards and loans. He hid a lot of the debt from me until recently and it’s not the first time this has happened. I have been guilty in the past of letting him deal with all…
IVA without fees?
I’ve been reading up on different debt payment methods and found several people mentioning that IVAs are only useful for large debts as there are high fees attached to them. I have speaking to an advisor from a company called Insolvency House Ltd who has said they would be able to set up an IVA that would last 5 years and…
DMP help please
So I’m applying for a DMP through PayPlan. I live with my parents and I’m worried about them finding out. Will the creditors send letters to the house? Will anyone turn up at the house? I can’t sleep at night where I am so worried about this but I can’t keep up with my repayments. They have told me to stop paying…
Old debt
Hi I have just received 3 letters from a debt collector called verifi in regards to a loan I had over 23/25 years ago.l, Iv not spoken or received any letters from them in over 20 years. This gets a little confusing so bear with me, the letters are coming through in a surname i used 20 years ago. Now I did use this name as…
Wescot/santander/IVA/payments
Long story sorry! Husband has been in an IVA for 6 years, final payment was December 2024 so just waiting for the completion paperwork. We had a joint bank account that we owed an overdraft on, The IVA was contributing to this on my husbands behalf and I had/have a payment plan set up with wescot. Received a letter today…
PRA - Scotland - Court docs received
hi everyone, I hope you can help. I've just received "court docs" from PRA regarding a £4k sum from Barclaycard. I've put the "court docs" in inverted commas because the paperwork hasn't come from the court themselves - but PRA solicitors and I'm not sure about how that works! The dates they're giving are a bit fuzzy - but…
What debt to pay first? - Currently stuck with my decision
Hi All, I currently have an issue where my debt is now under control in terms of payments and lowering steadily. The only thing is i dont know which is going to be the best way to clear it, we are not stuck in the house all day and have an active lifestyle due to 2 children and i do want to have a bit of free cash…
Debt advice 40k
Hello, I am in £40k debt (loan 26k and 2 cc totaling 13k). I earn enough to cover the repayments each month but ONLY JUST and I am left with not much to live with. If I continue it would all be paid in five years. I'm a shared ownership homeowner (75% share). I live with my partner who owns his own place too which he rents…
Telling My Husband About about my DMP
So to cut it all short. I moved in with my boyfriend into our flat, we went through a mortgage and everything and that's when things started to go down hill. I got into quite a bit of debt, loans, credit cards and all that. I got into about £7,000 worth of debt which I know isn't terrible but I'm self employed and only…

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Debt-free wannabe

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