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Starting DMP
Going down this route very shortly, trying to get a grip on the order in which to do things. Get new bank account for Salary to be paid into 1. Stop paying cards and loan altogether, save cash for EF? 2 wait for debts to default on credit file, then contact stepchange and start DMP Does this sound right? I have a Starling…
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How on earth do you save?!
For those who tend to search posters, I have a bit of a chequered financial history. This was mainly through poor decisions and mindset following financial abuse in a previous relationship, I have found it so hard to get out of the mindset that I have to spend so it doesn't get taken away. It also made me very…
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Dmp
Hello All I am so nervous as I begin to type this message. I’ve have been so foolish in the past with money and have had a Dmp with step change and managed to pay back £13 800 with another £20 000 left to pay. I left my dmp as I couldn’t keep up the £350 payments as I had never set up any emergency funds and I was starting…
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Prac/bwlegal & british gas
Hi all, Has anyone been contacted about outstanding money owed on a british gas bill for the years 2017, I was already paying another energy supplier for that year. I havn't had a British Gas account for over 20 years. So I know this is a scam. How can we stop these parasites from praying on us.
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Solving the problem before it becomes a problem
After reading a few other threads around here, I decided to do a SOA, and I was quite surprised to find that I'm actually not doing too well, which explains why I have had to dig into savings a couple of times already this year as prices of everything have gone up. I would like to solve this before it becomes a problem. In…
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New debt free mindset - advice appreciated
Hi everyone, New here. The cost of living crisis has made me take a cold hard look at my finances. I am not looking for sympathy but I will explain that I have 8k+ in credit card debt as a result of a family bereavement (wasn't eligible for gov funeral cost loan at the time) and careless spending due to the instability and…
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Newbie....help please
Hi, I am looking for some help to get started on my debt free journey. We were debt free a year ago after we sold our last house. We are now around £8k in debt again in less than a year (which included buying a new car which was needed....but still). I've tried to do the SOA below. I would like advice on whether to try to…
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Defaulted credit card query
I have been paying debts off over the last 18 mths and am about to start on the last one which defaulted in Nov 2016. No interest is being added and it's not being chased as such but I do get a statement each month. I will pay it all off in the end but haven't started on it yet. It shows on my credit file but if I…
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Absolute worst case scenario
Good afternoon, Thank you all for the amazing advice you all gave me on my first post a few weeks ago. I've taken a lot on board from what was said and have decided to move forward with my life, and without going into too much detail in order to do that I think its best if I apply for bankruptcy. I'm currently on a DMP and…
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Help please
Hello, Apologies for any errors I'm sight impaired. I'm trying not to have a complete meltdown. I'm disabled, receive high rate PIP. I work over 40 hours a week & manage to juggle everything quite well. My husband has long covid. He's frontline & we have been very fortunate that he has been on a covid scheme & received…
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Does this sound reasonable for weekly budget?
I get £140 a week which is paid every Thursday from my deputyship account. This is the new budget that I have set up for myself. It's easier if I set this up weekly. I would save £300 every 4 weeks if I stick to my budget. All my bills are paid direct from deputyship account so this £140 is just my food money and spending…
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Creditor threatening CCJ
I have had correspondence from Moneyboat Pay Day Loan Company today. They have my offer of £1 a month until Jan 23 but they have not received PayPlan's offer yet saying the same. They have not accepted my offer and have asked for £60 a month (£700 total debt). I replied that PayPlan will be in touch offering the above but…
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Just signed up for a DMP with PayPlan
Hi everyone, I just signed up for a DMP with PayPlan. They said that the £300 I pay monthly to my private psychiatrist is ok. They added a note this support helps me stay in work. I was up all night worrying about it even though they all allowed it on my last DMP. 3.6 years to be debt free and token payments until January.…
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Drowning - Help
Hello, This is my first post on here for a while and I don't really know where to start. Essentially through many bad decisions over the years, I have racked up near £40K's worth of debt with practically nothing to show for it. I have multiple loans and although I'm not behind on any of them, I'm having to use my credit…
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Sinking Faster than the Titanic! - Debt has become all consuming
Hi Guys, Things started off so well. Bought a rundown house 10 years ago on a cheap Mortgage (£350) a month on an income of 26k p.a. My wife and i were newly married, shed just had a baby and given up work (to save on childcare) and id took on her 2 boys (7-10, with no maintenance from 'dad'), and though things were a…
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What Small DFW Things Will You Do This Week?? 04/07/22
When we start out 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…
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What debt free things will you do this week? 20/06/22
When we start out 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…
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Debt Free Advice
Good Evening Guys I am hoping one of you lovely people can help me. My current situation is I owe a total of £18,022.26 broken down below Tesco - £565.08 - 23.9% APR Halifax - £1429.89 - 4.9% APR until Jan 23 Creation Loan - £671.68 - 4 months left Zopa Loan - £8594.29 - 31 months left Student Loan - £2731.79 - based on…
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Drowning in debt now and it's only going to get worse.
I hope I am in the right place as this is the first time I have done this. I am feeling completely out of my depth here with dealing with my money situation. I currently owe roughly £30,000 to various companies and family members. I work as a teaching assistant earning around £17,000 and receive tax credit, berevement…
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What Small Things Will You Do This Week?? 30/05/22
When we start out 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…
A place for MoneySavers to share their journeys towards debt-free living.
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Most recent: It's me, hi, I'm the problem, it's me by _Dolly_Rocker_
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Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.