-
About to default on 3 debts - scared!
Due to some pretty serious and traumatic life events I've come to the realisation that I've just been surviving, and yes, staying on top of my debts but it's not sustainable. I'm on UC now and applying for limited work capability and ADP. Family issues, my own health, and addictions have all led to this and I'm exhausted…
-
Overdrafts and defaults
Hi everyone im in about 28k debt trying to save emergency fund. Made a mistake with Monzo loan and also my bank by setting up a £5 a month payment to them, but hoping they default the loan soon. I have about 12 creditors and I’m getting quite scared and panicky. Vanquis credit card defaulted so my plan was to set up token…
-
Zopa default
Hi, looking for more advice please. Received an email from Zopa saying account has defaulted and to contact to set up payment plan or for them to offer a discount to settle full amount of 13,176. I am currently waiting for info from trans Union to log my unaffordability complaint with the ombudsman as Zopa have not upheld…
-
Overdales - Notice of Intention to issue a County Court Claim
Hi all, Been reading on here for a number of months, has been eye opening. Situation is currently as follows: 10th June: Received an email
form Overdales that they have been instructed by Lowell in relation to an
amount of £3,200 owing (original CC was with 118118Money), with reply required
within 7 days. 16th June (still…
-
Wescot
My Barclaycard has just defaulted and been passed to Wescot. What are they like to deal with? Are they good at settlement offers in the future? Aside from setting up a monthly payment is there anything else I now need to do?
-
ownership of debts
After running into debt whilst seriously ill around 1997, I agreed to pay a few pounds a week to my creditors, and did so for years. Then the debts got sold off to other companies multiple times. I then had another series of medical crises, and a relative took over my financial affairs, continuing to pay the agreed amounts…
-
No choice but to consider DMP - help appreciated!
Hi, I have been reading advice on this forum for a while and I've realised that despite trying for years to repay my credit card debts I have actually just been treading water at best and now more recently getting further into debt month by month. It has been a combination of everything being more expensive post pandemic…
-
Cabot financial and ORBIT just sent a man to my door!! I am a vulnerable customer. What do I do?
Hello, I am paying back at £5 a month a very old debt (so old it comes off my credit file this year) Cabot have been harassing me for months by calls, emails, texts and warning letters to fill out a budget form. I ignored it and told them to stop contacting me as I am autistic, paying it back and also vulnerable due to…
-
Frasers Plus
Hey all, trust me I've tried searching the forum but keeps giving me House of Fraser competitions. Anyway Frasers Plus have taken over my Studio account and they've added over £400 interest and it's giving me such a headache, I paid over 50 quid the first month despite it saying no payment was required, that seemed to push…
-
Loan complaint, ombudsman can`t help, ideas?
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
-
Help!
Can anyone help please? My sister and brother-in-law are struggling. He went missing last week and when the police found him he had taken an overdose. He is extremely ill and disclosed that he is a gambling addict, he has taken out a mortgage for £170k and is in arrears of £11k with a possession order from the courts…
-
Text message from Debt Collector - Advice please
I manage my own DMP and only have two debts left to sort out. I’ve received several text messages from a company called AIC Corp saying it’s about my NatWest account. The texts include a link to make a payment or set up a plan. However, I haven’t had any letters or written correspondence from this company — only texts…
-
Pre-Stepchange DMP questions
Hi everyone, I’ve recently joined the forum and read through many threads but have a few questions if anyone who’s entered a DMP is able to help? For a bit of background, I’m approximately £22k in debt, this is split across seven lenders which I’ve been juggling for years but don’t seem to be getting anywhere with paying…
-
Interest before defaults
Hello, I am looking at starting a self managed DMP, and I just have one(possibly silly)question. When I stop making payments to my credit cards, after a month or two, the interest will take me over my credit limit. Is this normal to happen? Thank you in advance.
-
Wife death - Please help with where to begin...
My spouse has passed away suddenly.. The house we live (+-£175k if matching the last sale on our street of a similar one) in is in her sole name with a mortgage of ca.£28k. She has a life insurance which hopefully will be paid off that will only cover the cost of the mortgage and funeral. Also she has a few debts,…
-
What do I do!
I have 3 credit cards. In 2022 I cleared my cards before I moved out of parents home to go rent. We done ok not spending on it for awhile after moving out but it quickly became living beyond our means (which is own fault) and we spent and spent on it with the idea of paying it back and never did. Since we bought a house in…
-
Advice about overdales please
Good afternoon I am seeking some advice regarding overdales sending me a claim form for an unpaid Zopa credit card. I was declared bankrupt in January 2019 and issued a 3 year BRO. I applied for a Zopa credit card and got accepted in April 2023. I was managing well initially and then found myself in financial difficulty…
-
How to stop letters going to old address (running debts to SB, abroad, using UK Postbox)
Hi all — hoping for some advice and to sanity check my plan. I have several old debts (mainly credit cards and loans — Cabot, PRA, Barclays/Barclaycard). They all defaulted in June 2022, so I’m halfway to them going statute barred (England). I’ve made no payments or written acknowledgements since default — I’m deliberately…
-
Moorcroft debt collectors
Hi I'm at the start of my self managed dmp, only started in August. I had an email a few days ago from moorcroft on behalf of marbles stating they would like to speak to me on a personal matter. However the last letter I had from marbles was just saying they terminated my agreement and wanted full payment. No default…
-
Capquest nightmares!
Hi, I received a demand from the above, last Friday. It's been giving me anxiety and waking me up!! Today I've read through some of the historic posts on here, re Capquest and I feel slightly better. However I still don't know how to tackle it. I received a letter addressed to my daughter, but at my address. Capquest say…
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
413.9K comments
Most recent: Outstanding October's No-Spend Days Challenge! by cathybird
Today at 4:33PM
