-
Help with our debts please
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
-
Any one got a magic wand
I am looking for advice Situation 50yrs old working in a supermarket £10k owed to my brother. Borrowed two years ago, I keep checking, doesnt need back. We are paying £170 a month into a savings account, currently earning 3% interest. He is happy when we reach £10k with interest, should be 2028 when we reach target. Paying…
-
Is a default worse than a bunch of missed payments?
Essentially i lost my job earlier in the year which made me fall behind in my loan repayments, i now have a default notice advising me to clear the arrears (deadline a few days away) failure to do this would mean i have broken the contract which i assume means they will be put a default on my credit file. I have the…
-
Debt arrangement scheme advice.
Hi, im new to this and have been putting off posting for some time. Im considering applying for the debt arrangement scheme as trust deeds and bankruptcy are not ideal . I work in energy advice for a well known charity. Im married and we have a mortgage and two children at home. We both work full time and both have debts,…
-
LCS claiming I have a debt with EDF
Hello Forumites, I recently received a letter from LCS claiming that I have debt with EDF. I have lived in the address they mention, but: 1 They have the wrong dates. 2 I never had an account with EDF and a bill was never sent to this address. I have sent them the prove it letter and they replied to me asking to provide an…
-
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…
-
PayPal Negative Balance and Debt due to gambling
I lost £10,000 gambling and funded my account using PayPal via Direct Debir PayPal takes the money from my bank a few days later, but my account didn’t have the £10,000 when they tried to take it. They’ve made several attempts to collect, and now my PayPal balance is negative. I’m wondering if I can dispute this since I…
-
Debt & Defaulting. The Process...
Hi all, Been a lurker here for sometime. Great forum with the most useful advice! My story is similar to many others... Over several years I have got in to debt, consolidated. Got in more debt consolidated. Rinse & repeat... Its now come to the point I can't cover repayments. I am hoping to follow the advice i've read on…
-
Moriarty Law 30 Day Notice
Hi, My partner has received a letter from Moriarty Law who have been instructed by JC International LLC to recover a debt relating to an agreement with First Central Management Ltd from Oct 2019. She's never been in debt and has no idea what this could be in relation to. There's been no previous contact. Advice would be…
-
property undersold by recever
I applied for a loan in 2016 , the Lenders were advertising in the Farmers weekly , I applied for a loan which was a five year term , as time went on the loan was only for a year and a bridging loan , i said to the broker , i didnt want a one year bridge , but by this time i needed to settle another debt so i had to go…
-
ACI & Verify Chasing a very old or fictitious debt
Hi All I have over the last 3 weeks suddenly become the focus of ACI UK & Verify for what I can only surmise is a very old debt (12+yrs) and with increasing frequency, letters / voicemails etc. While I cannot be certain if the debt is or is not mine. I am certain in my knowledge that I have not defaulted on any debt over…
-
Please help £75k debt!
Hello everyone, I found this forum and have been reading different stories the last couple of weeks because find myself at breaking point, 35/M I have a history of gambling addiction which is the root cause and for the first time in my life ( it has been approx 2 months where i feel in control of it and honest with it to…
-
Wifes Debts
My wife buries her head in the sand over debts. Last year I paid off debts of £3k of hers not mine or joint hers. Last week she tried to hide another debt letter from me but I noticed it, She said she is sorting it but when I read it it was the final demand and if ignored it was going to court. I am retired so money is…
-
Advice needed please
Hello I have got myself into a situation that will soon become unmanageable. While I am meeting all my commitments at the moment, and still have just about enough to get by, I feel like I am teetering on the brink before things collapse around me. This is causing me a lot of anxiety and sleepless nights. Whilst I am…
-
Sitting at a crossroads!
Hi all, I've been paying off debts through step change since July 24, I've recently greatly reduced my DMP payments from August 25 to £58 per month (was paying £800 for 10 months but that was crippling me and left me with zero wiggle room for if things went wrong then £400 when reviewed after leaving my 2nd job). I'm due…
-
Affordability Complaints
When making these complaints is it just to get interest back or does it include some of the actual money you borrowed? Everything I've read online with the template letters seem to just be asking for the interest to be refunded?
-
Newday passed to Wescott
Hi all, looking for some advise please. I've left my debts until they are starting to default and have had my first call/text from Westcott saying they have taken over for Newday. I can't see any defaults registered yet on Trans Union and have had nothing from Newday. Is now the time to contact them and set up a payment…
-
Irresponsible Lending Complaint Upheld
Afternoon Just looking for a bit of advice on an upheld decision I had with a lender when raising a complaint. I raised a complaint in relation to 3 separate loans I had around irresponsible lending. They came back after a few weeks confirming that my complaint was upheld across all 3 loans. The first loan was repaid a few…
-
Mortimer Clarke referred back to client
Hi all, I could do with some advice. I have received a letter from Mortimer Clarke this morning in ref to "Cabot financial UK" saying I owe £19+ k jointly with my ex husband, but the letter says the account has been referred back to the client and they will be in contact. Key points for guidance: I am not sure what debt…
-
DMP partial settlement F&F
Soooo my partner has been on a DMP since 2020, total of 8 creditors and a total of just under £12k still owing. I’ve just sold my house and we have brought together, so am gifting an amount to clear the debts. Ive been reading up on offering less than the full amount to settle the debt as it’s my understanding some will…
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
413.2K comments
Most recent: NST OCTOBER 2025 Optimism, Opportunities and Overcoming Obstacles by grandmanerd
Today at 8:55AM
