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Debt-free wannabe

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

Partial Settlement Offer Query
Hello I received a letter today from a debt collector. Can someone clarify if it states that I have been offered a partial settlement of £750? "We are writing to advise we would be unable to accept £750.00 as a full and final settlement of the account. Wewould only be able to offer a partial settlement which is a…
In distress - mortgage shortfall
Thank you in advance for reading. I’ve been most distressed by this. I’ve received a letter from Hessonite stating I owe just under £30k for a mortgage shortfall. My ex husband decided to go bankrupt in 2006 and all assets (including the house with Northern Rock mortgage) was taken into the insolvency estate. We were made…
Ashamed of debt
Hi Everyone, I have been following posts here for a while, gathering information and starting to fill out details on the StepChange website. It’s incredibly difficult to admit, but I’m ashamed of the debt I’ve accumulated, which has gradually spiralled out of control. This month, in an attempt to speed up debt repayment,…
Advice on credit card repayments
Hi so I am brand new to this. I have a credit card just short of 3k that I’m paying back minimum payments each month so it’s not going down. On 20th feb I will be paying 27% interest rate. I was wondering if it’s possible to get another card to pay it off; and start again so I’m not paying interest? What can I do
info on mental health and debt form
I thought I'd seen something recently about the MHDF as in a how to guide or something. Does anyone know where this is? Can give me a link please??? TIA
Best way to clear debt?
No judgement please. For the first time in our lives we are renting but have a lot of debt most of it credit cards, we’re talking 60-70k. We started our own business 3 years ago and it’s still taking time, although our projections are solid. How can we consolidate our debt without having an asset to secure against?
Pay off loan or credit card?!
Hi all, first time poster with a bit of a dilemma… I have 5k on a credit card and a loan of 2k that I am paying off monthly… I have managed to get around 2k from a savings payout, my question is am I better off paying some of the Credit card off or paying the loan off in full? The credit card is 0% interest with a minimum…
Mortimer Clarke Earnings order
Good morning I wondered if I could get some advice please I received a notice of application for attachment of earnings order from the above for a debt with Cabot financial. Do I have to fill in the attached statement of means to send back to them? I also do not recall ever having any credit with Cabot and haven't had any…
Redundancy, remortgaging and debt
Hello all, Just a quick one for a quick advice. So my husband has just been made redundant. We have lot of debt. And can remortgage from 2nd of February. I was looking at doing self managed DMP. A few of my credit cards need paying today 30/01. My question is: do I stop paying them now to start the process of defaulting?…
DMP associated bank accounts
I am intending on starting a DMP - I owe money on my overdraft on my current account- I have a new account elsewhere. However, I have associated accounts for my children, they are 16+ and use the debit cards in their names to spend with. Is their money safe? or can the bank call upon the balance and attached to my account?
What small DFW things will you do this w/c 27/01
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 canceling 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…
Littlewood Debts
Anybody got any experience, advice on what Littlewoods does in regard to falling into arrears and not making the minimum payment each month. I have fallen into arrears with a current balance owing of £1464.50. The payment of £15 a month I need to clear the Buy Now Pay Later balance I can afford to avoid paying any…
Panicking
My partner went to cap over a year ago. They took all his info and suggested an rva, however they then said they were too busy and refered him to moneywellness, however over a year later we are still waiting. They keep asking him to upload more info, now the cap referral is out of date and all the time the debs keep…
Council Tax / Attachment of Earnings
Morning all - advice needed on how to proceed if possible please. Got behind with Council Tax over the last period due to moving house etc. Received a summons at end of December and a request for breakdown of earnings. Sent that through and after back and forth with the Council - it was agreed by them they would pass this…
DRO/IVA/Bankruptcy advice
Hello I'm desperately trying to get some advice DRO/IVA/Bankruptcy having gone around in circles! After speaking to Step Change, I was advised to take the option of a DRO to clear my debt. However, when speaking to Money Wellness (the company Step Change advised I speak to to arrange this), I was told that I wouldn't be…
How to cope with debt mentally?
I worked every day including weekends to save £40k (£15k from investments) over the last year. Having saved £40k and ready to put down for a deposit, I had a manic episode where I lost all £40k, and took out a £25k personal loan and lost that too. I pay £615 monthly interest on the loan, I make £3,300 after tax and live…
Help required with debt issues please
Hello all, I have a diary on the DFW board but was advised to post SOA here as get more advise. If you want the background please go to DFW diary, basically breakdown of marriage, lots of bereavement and major health issues for DD. And also me being too nice and helping people out with money and situations and now it has…
WIll PayPlan wait to start DMP?
Was planning to let accounts default first because starting payments for DMP with PayPlan. Currently talking to an advisor and they are getting initial information from me. I think I already have a couple of missed payments in January. Not planning to make any more payments this February. And also for a few months until I…
Considering a DMP
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
Advice from Your Experience ?
Hi, I am wondering if anyone can advise me from experience how they have managed to pay off their debts... It may not sound like much to some and i know that people are worse off than me but, I have £8727.81 of debt and its keeping me awake at night time. I have very 3 young children whom are missing out due to me having…

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MSE News

Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Which NatWest and RBS branches are closing from 2025? Here's the full list – and banking alternatives
NatWest and Royal Bank of Scotland (RBS), which are both part of the NatWest Group, will shut at least 108 of their bank branches in 2025 and beyond, after the Group announced a further 52 NatWest closures.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
Winter Fuel Payments will be reinstated to all pensioners in England and Wales this winter – but will be clawed back automatically from those earning over £35,000 a year, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up. MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis.
Car finance mis-selling update: regulator prepares for compensation scheme – and warns against using claims firms
Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.
Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
Winter Fuel Payments will be extended to all pensioners with incomes of £35,000 or less this winter, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up.
Winter Fuel Payments extension confirmed for this winter – watch Martin Lewis' instant response and his message to the Chancellor
Winter Fuel Payments will be extended to more pensioners this winter – though not to everyone – the Chancellor has today confirmed. However, exact details of who will now qualify still remain scant. Watch MoneySavingExpert.com founder Martin Lewis give his instant response, as well as his key message for Rachel Reeves.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account in June or July as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.
Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
If you had an energy prepayment meter forcibly installed or your smart meter was remotely switched to prepay mode without your permission, you could be entitled to compensation of up to £1,000 and may even be eligible to have your energy debts written off.

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Debt-free wannabe

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