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Self Managed DMP and HMRC debt
Hi, my finances will change this September and I'm trying to wrap my head around how I will handle debt then so I can stop worrying. I have 17 unsecured creditors about 9.5k over them all, and owe about 7k to HMRC, that's how things will be in September anyway. I am sure a DMP is the best way, I'm definitely not eligible…
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How bad is paying a settlement offer?
Hi. Summary: Brother has an automatic settlement offer from Capquest, 20% discount. He is tempted to pay it but has to remortgage later this year as his 5 year fix comes to an end. However, they state that this will go down as a 'satisfied with a partial settlement flag'....will this be a negative when it comes to how his…
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£30,000 credit card debt - living abroad - DRO
Good evening chaps, Background: MBNA Credit Card - £15,000 (minimum payment each month £450) Tesco Credit Card - £6000 (min pm £250) Halifax Clarity - £7000 (min pm £250) Two years ago I had to move to Czech Republic as my wife was pregnant and she couldn’t get visa to UK. So far I have been making minimum payments…
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Debt Help
Hi all, I made a post not long ago regarding my situation. I have since taken the advice from the forumites and started my debt management… At the moment it’s DIY, I haven’t spoken to Stepchange or any other DMP providers. I am wondering what next step I should take? I have cancelled the direct debit to the loan and credit…
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Partial Settlement Offers, one refused, enough to pay another one in full
Hello, I am on a DMP with 3 loans and offered the same percentage to the 3 of them for full and final settlement. 1 of them refused my offer and asked for a higher percentage. As they refused, it means the share I have offered to them would be enough to pay one of the debts off completely. Can I pay off a debt in full with…
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Quandary
I took up an IVA in 2020 after getting into some quite bad credit card debt. Unfortunately I let it slide due to the country coming out of the lockdowns and the price of everything booming, petrol, groceries and everything went through the roof at a time I was expected to pay quite a higher rate for the last two years of…
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Tesco default - advice
Hi all i am running my own self DMP. Going well but Tesco defaulted months ago and i have heard nothing to sort repayments etc like the others no text. Emails letters. So i have ignored them for now anyone in similar boat or got any advice? Do I call them or leave it?
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Security Clearance and Credit
I am required to obtain Security Clearance at work. I have been in an IVA about 7 years ago, but there is nothing negative or my Experian or Equifax credit reports. Would I be required to explain this if it will not come up via a credit search? Would historical things likely hinder me? In a totally different financial…
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PayPal Negative Balance and Debt
Hello! I made a similar topic on another forum, but I figured out that asking as many people as possible could only help. Last week I was gambling and lost control. I gambled away all of my savings (I have already spoken with GamCare about that). On top of that, PayPal (via Direct Debit) somehow managed to debit me several…
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Stepchange & DMP
Hi, I have been thinking about starting a DMP with Stepchange, and have filled the forms in. They say I will be debt free in 2 years. Debt is just over £16k. Credit cards x3, catalogue, next, creation x 2 (one of those payments finishes in September) & overdraft. I make the minimum payments each month, or just over. The…
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Energy account for a different address
Hi I would be most grateful if someone could help me. I have received a letter from pastdue about a debt with OVO energy for an address I was no living at. I have sent them the template mentioned in a different chat. Pastdue insist on a tenancy agreement to prove I moved out however I didn't move in so.... Today I decided…
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Who do Lendable sell their defaulted accounts to?
Lendable have defaulted my two loans. One has the date 12th March, the other the 25th March. They are both showing on Credit
Karma (Transunion). Does anybody know to whom Lendable sell the defaulted accounts? Or do
they keep them in house? Thank you.
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If I default CC will they contact my employer?
This is my first post for a long time (I used to belong to this forum about 10 years ago but forgot my details!) I am a few years away from retirement but I'm struggling to pay off a particular debt. My health isn't the best right now and I also need to help my siblings out with my elderly parents. So retirement can't come…
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Cabot calling my workplace!
Hello First post, but been lurking around this brilliant forum for a while looking into solutions for some debt problems. I have recently started the popular approach of stopping payments and waiting for defaults, and seeing where it goes from there. Two of my creditors, Marbles and Aqua, have been sold to Cabot after…
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N*XT cca request reply
Hi all, I've sent off CCA requests to our creditors with £1 postal orders. I've had my 1st reply from NE*T today which says that they no longer accept postal orders, sorry to disappoint and that payments can be made by DD, online etc. Not sure how to proceed..does this mean they will still look for the CCA or do i need to…
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20 yr Old debts
Been in dmp since 2006 all debts had defaulted by 2007 clear of my credit reports now but still owe 14000 due to end in 4 yrs wish to know what discount I may get to pay all off them most individual debts of the total i range from anything from 100 pounds owing to largest of 1200ish split between 8 debt company’s many been…
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How many Dmp's is too many.
Hiya all, I currently have 5 Dmp's from approx 7 or more years ago. I am about to start defaulting on 7 more as I am once more out of my depth. Is having 12 going to be a red rag to a bull to the debt buying companies. All 5 are with usual suspects. PRA, Moorcroft, etc. Also one of the new ones is with Monzo flex and the…
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Moorcroft help required please.
Hi I have been servicing a debt of £7k with Moorcroft. They recently requested a new I&E, and i have had to reduce the payments by about £3, due to increases in rent and Council tax. Their reply has been " Our client has said your repayment falls outside their guidelines " Which to me sounds like they don't accept it. I…
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Will be paying debt until 88 !!
Hello Please dont judge me 😢 Today my husband paid his last payment to stepchange after paying off 40k and he is officially debt free 👏 Now the problem is I still owe 33k and as only earn approx £600 per month I am paying at £110 per month on a self run DMP. As I am self employed we did not do a joint DMP and I was…
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Need help deciding what is the best course of action
Hi all I am struggling to work out tbe best course of action. So my husband and I have a few credit cards. I have barclaycard with balance of 1675 this will be reducing to 1225 on Wednesday. This cards 0 percent offer ends on June 1st and it was money transfer offer. My husbands card has balance of £200 which will need…
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