-
Advice on DMP with step change needed
Hi all, I’ve been reading lots of the posts regarding the above issue I have and just have a few further questions if anyone can help? I’m in a real mess. I have upwards on 50k on CC and loans. 2 maternity leaves and working part time for 3 years, as well as partner starting a business has really screwed us. i contacted…
-
Advice r.e. Updraft email
Hi all This thread has been so helpful, I'm in the process of starting a DMP and currently awaiting defaults on debts, including not engaging etc. in order to get defaults quicker. Updraft (Fairscore), one of the loan providers that I have 2 loans with have sent me the below email: Thanks for getting in touch and…
-
In a 40k hole that I don't know how to get out of!
Hi all, I am in 40k of credit card debt and I have no idea how to get out of it. This is a plea for help. This is across 7 creditors with amounts ranging for £737 to £9514. With 0% offers ending, I am now paying £1200 a month. Albeit on an ok salary of £63,500 a year my wife is on a much lower salary, and living in London,…
-
In dire need of help, time to take control of debt
Hi All, I've got myself in to a terrible situation of overspending, partially due to mental health issues (depression, anxiety, low self esteem) and also due to a lack of control. Also to add i'm getting married next month so the costs have piled up a lot in the last 6 months. I'm now on around 50k of debt, with approx 12k…
-
want t get out of the spiral!
I would really appreciate some help please. I have tried and tried to sort this myself but have no energy left. I'll explain the background… I am 57, have always been in full time employment until May 2025. I have 2 kids/young adults aged 19 and 21, one living with me, one at uni. I left an abusive relationship 5 years ago…
-
47k unsecured debt, no income living on redundancy payment.
Hi, I have 47k of Credit card debt, that is currently about to come off its 0% deals. I was made redundant about a year ago and have been living off my the lump sum payment since then. Its down to 12k left, this is my only money, I can't get UC, I can't get a job. I am getting my DB pension next year of 20k per year + 130k…
-
Advice on Bailiff Letter sought please
A person known to me who has severe mental health issues, has received the attached letter today. They are under the Community Mental Health Team and a consultant Psychiatrist and have been hospitalised numerous times in the last 20 years, under the Mental Health Act. From the letter, on the face of it, they have not paid…
-
PRA Group threatening me with Solicitors (Scotland) - Now with added Sheriff's Citation(s)
I have two defaulted Barclaycards which have been with PRA Group since early this year. Earlier this year I was advised by @sourcrates and others on a course of action. I sent a letter stating that unless they could provide proof of a CCA I would not enter into any further correspondence. I stated that I was aware that…
-
New DMP
I am in the process of starting a DMP with StepChange due to juggling a high level of debt. My question is how will this affect my husband, we have a joint basic bills account with no overdraft and no joint debt. All of my debt is personal debt from loans and credit cards and I really don’t want to have to tell him about…
-
Tackling £31,000 of Debt
Hi there, I hope this post is in the right place? I would like some help. I really want to start tackling my debts. I am 27, self-employed with a rough income of £2500 a month. I had some issues the last few years, struggling with depression and addiction. This led me to borrow a lot of money that I didn't really…
-
Help - need advice on car lease
First time poster here in need of some friendly advice. My VW car lease is becoming unaffordable for me. It’s a contract hire lease and is £564 a month. I’ve spoken to VW financial services and despite being just over half way through my 4 year lease term, the early termination quote came to an unaffordable £8.6k. What’s…
-
BW Legal Letter of Claim unknown OVO energy debt
Hello, I'll keep this as brief as possible but greatful for any advice and help we can get. Just returned home after a short break away to Scotland - our first holiday as a family ever and found this letter on our return. BW legal, letter of claim on behalf of JC International Acquisition LLC with the original creditor…
-
What should not be included in a DMP
Hi all 👋 I am in the process of sorting out my creditors to eventually do a DMP. This will only be my first month of not paying, to await defaults. However, there are three payments I am unsure whether to pay or default on. The first one is Zilch. Like a credit card but I had to pay a fee to spread by installments rather…
-
CCJ support
Hi, I'm supporting my brother-in-law who has received a CCJ (judgement for Claimant - in default) and is currently unable to pay it. He has mental health conditions and generally very bad mental health, so hasn't been able to deal with this himself. I'm working on getting a Debt and Mental Health Evidence Form (DMHEF)…
-
Update- Simple Procedure Notice of Claim Form 6a (Scotland) Help please
Hi Everyone, Not been around for a bit, but today I have come home to a Simple Procedure Notice of Claim (Form 6a). We are in Scotland. Original debt is to MBNA - £2591.47, it was bought by PRA group and Brodies is the solicitor dealing with the debt. I have requested the CCA from PRA group, first letter they ignored,…
-
53k in debt and finding ways of helping
Me (40) and my wife are currently 53k in debt, across 9 creditors. we currently rent. Paying all the monthly loans and min payments on credit cards and a catalogue leaves us very little money as soon as we get paid. Most food shopping will go on credit cards to make ends meet and I’ll also eat into my overdraft. it’s a…
-
Brodies on behalf of PRA
hi guys, I have received a letter from Brodie’s on behalf of PRA (barclaycard debt) stating ‘notice of court action consideration’. I did a CCA request to PRA in 2023 and I’m still waiting…just double checking this letter isn’t anything to worry about? Says court proceedings may be taken against me if I don’t pay by 10th…
-
How much emergency funds to keep momentum?
Hey there, long time lurker on this board. Without posting war & peace my partner and I found ourselves in around £80k of combined unsecured debt by the end of 2023. This was a mixture of existing debt from silly spending habits, house renovation and then failed fertility treatment which really turned it into something…
-
Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
-
Lowell threatening with 4 months until statute barred
I defaulted on a credit card in July 2020. Lowell have bought the debt and have been ringing, texting and sending letters. Today I got a letter saying if I don’t get in touch by 1st April they will send a field agent to my address. How likely is it that they’ll do this with 4 months until it’s statue barred please? What is…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
423.5K comments
Most recent: Awesome August's No-Spend Day… by beanielou
25 August at 11:00PM
Sub-categories: 1p Challenge (Test board)