Debt-free wannabe

Hi All, Newbie here and not sure if this is the right forum to be posting about my situation - so apologies if I've got it wrong. I'm an (ex) director of a company that is currently going through a CVA. My co directors and I founded and ran the company for a long period of time through good times and bad. We signed…

Ok. I am lost and indecisive. Ten yrs ago my plan was to be mortgage free by 50. I am 50 and lost. I need a plan. A plan to stick to! I work in a supermarket full time and have 2 teenagers Car broke and mum loaned my £10k. No pressure to pay her back, in fact sometimes she talks like she doesnt, but will not commit to…

Hi I didnt really know where to turn to so just wondering if anyone else has been in the same position. When I met my husband i'd always had a little bit of debt and was stupidly too scared to say. Well fast forward so many years my spending got out of hand and I stupidly took up matched betting to try and clear it. Then I…

I’m back again! When do I offer token payments and how? When the debt defaults do I still make token payments? Does the token payments affect the default date & would the debt still fall off credit file in 6 years or would it be longer due to payments? How much do I offer? Debts will miss their first payment at the end of…

Hi, A quick overview into my life for the past few years may help with some guidance, so I'll start there. I'm 28 and had been managing debt via balance transfers, but keeping the original cards as well as other usually BNPL and store credit type debts from essentially I was 18 with it peaking around COVID time. During…

Just had a call from Digital DRA - I said I didn't know who they were...lady said that she could tell me who they were calling on behalf of, if I could answer some security questions...eh...no! I have a suspicion they are working on behalf of an Admiral Loan - last payment was November 2024, defaulted in April 2025...no…

So I posted end of last year about doing a DMP but I didn’t, I just panicked about doing it and continued as I was. So a bit of background, I was earning about another £800 a month on top of what I am earning now, but the second job I was doing came to an end suddenly with about 2 weeks notice in November. So this was the…

Hi All! So currently dealing with a fair bit of debt. Credit cards x 5 (all on 0% for 2 1/2ish years) Unsecured loans x 3 Total being around £34000. So far i have been managing my own way, and if i carry on with it ill be debt free by June 2028. And only have 2 months paying interest out of the 0% of the credit cards. The…

Hello, I'm trying to put together a SOA so I can look for options for my credit card debt (DMP or DRO), could anyone advise if some of the amounts would be accepted? I've been trawling through bank/credit card statements to see what I've been spending. The amounts that I think could be questioned as higher than average…

Morning all, Hope someone can help. We have £30k of debt looming at us in the face. We are totally aware of it and most of it is in the form of home improvements and needing a new second hand car. We are both high earners with around 2k per month left after paying bills, mortgage, shopping etc. My credit score is…

Hi I am looking to settle a debt (Partial settlement ) with Santander. The debt is managed by Moorcroft, Is it better to go direct to Santander, or through Moorcroft? as their dealing with it on behalf of Santander. Thanks in advance.

Hello everyone I am hoping to create a self managed DMP as opposed to an IVA with StepChange. Is it really hard? I am just starting to receive letters from Lloyds and MBNA to close my accounts and have received defaults. No idea what to do next!!! Not paid this month's payments... its scary... Here are my details. Hope…

Hi everyone i had a debt over 20 years ago where i offered £1 a month to which i have been paying for 20 years i have had no contact for many years until Recently caboot was contacting me constantly along with orbit knocking the door So as i was reading this forum i sent them a request for this account history and signed…

This isn't my first time around the block - I've previously been bankrupt and found this forum extremely helpful back then, but lost my old account. However I am poor and ended up back in debt, though much less of it this time. I defaulted on a fairly hefty credit card debt some time ago - I had applied for a 6 month…

At the start of my payments now I have defaulted on a few. Made my first payment to Lowell via a standing order as I am in charge then if I want to up or lower the balance. I also sent them an email telling them this. They have sent me a direct debit mandate for a payment plan. Can I ignore this and carry on as I was?

My friend was starting a business decorateing houses to a quality standard. I did a contract with her and I sent £4000 to her bank account. She was to pay me back the full ammount She then made many excuses that she was on holiday, she had issues with her husband, wasn't well. I then found out she did not work and spent my…

Hello everyone. I’m looking for some advice on how to move forward with my current debts. I have been reading through the forums for a couple of weeks and there always seems to be good advice, so I’m hoping I have put this in the right place! Currently have outstanding debts totalling approx. £77k. It all initially started…

Hi and happy new year! I'm seeking a quick validation check on a letter I received regarding a couple of my NatWest Retail debts in 2024. Both accounts (loan and credit card) were defaulted by NatWest in January and February 2020 respectively and so they will be dropping off my credit files at the end of this month and…

I've had a letter through from Link who I usually only hear form with a statement yearly trying to establish contact and advising that I can expect ResolveCall next week f they don't hear from me. (which is a worry obviously) I WAS about to send them an offer letter for a final settlement and then I remembered to check…

Just wanted to share some news.. I raised an affordability complaint with Zopa for a £20k loan in December. Zopa rejected my complaint and also my appeal. So, I raised the complaint with the FOS in February. Having submitted evidence (bank statements etc.) I seem to be nearing the finish line. The FOS are viewing in my…