-
Unmanageable debt - starting a DMP
I’ve been lurking on these boards, I hadn’t realised my debt had spiralled so much. I was shifting debt between cards and I’m all out of 0% offers. I’ve done the SoA and cried. And now it’s time to sort it. it’s a combination of things that have led here, including gambling, which are being addressed. It’s my own sole…
-
Full & Final settlement advice
Hi everyone, I've read through a few different threads and stories here and would really appreciate some advice on mine. I have unsecured debts totaling circa £40,000 across credit cards, loans and overdrafts. These range from £12,000 loans to £1,500 overdrafts, and a lot in between. I don't have any great excuses or…
-
Default Notice Letter Received
As the title states I have today received a letter from Lendable with a default notice with the usual demand for full payment, which is all well and good however this account was defaulted to credit reference agencies back in January 2023, why would they only be sending this now? They can't renew the default, is this just…
-
Which debt first? - help
I have the following debt and looking for advice. I’m due to inherit £7k which I want to use to towards my debt. My aim to reduce my monthly outgoings on the debt by September as I’m due to remortgage in October so having more each month will be better I think for my mortgage application. I need advice as not sure how to…
-
Moved: Monument Bank App not working
This discussion has been moved.
-
Will default automatically lead to current account closure?
I have two separate loans with HSBC: loan 1 : £17,480 (34 months remaining and pays £514 per month) loan 2: £4,577 (12 months remaining and pays £351 per month). I also have a HSBC Advance current bank which I transfer £100 monthly for daily purchases but my salary doesn’t go through HSBC. The current account has £1.5K…
-
£25,000 in debt
Hello after a terrible year last year, with my partner caring for an elderly relative and not earning as much. I have found myself in debt, credit cards £17’000, £2000 overdraft, and a personal loan I’m paying off. You seem to get over one thing and then something else happens. Cost of living has affected us with 2…
-
Paying repossessed car debt
Looking for advice for my son whose car was repossessed after he fell into arrears with car finance. They have now instructed a solicitor and are chasing him for £20,000 which he hasn’t got. He needs to sort out some sort of repayment plan by the end of this week and is worried sick. He says he has been told by Citizens…
-
Close credit card?
Hey, I am currently paying off my debts (they're on 0% credit cards at the moment) I have just cleared a debt with BC, the credit card doesn't have any annual fees to it, neither am I planning on using it. The available credit on it is 13.5k Now - here's my question 🙂 In September I have around 9k of debt that will need to…
-
50k on credit cards all out of 0%
I’m in a bit of a pickle now, I am making and affording the minimum payments each month over 6 credit cards and there’s about 50k balance across them all, ought 1k split amongst them all. Is there a good idea to start to get these consolidated? The interest is probably outweighing the minimum monthlies. i am self employed…
-
LOWELL / ALL OF A SUDDEN CONTACT FROM LOWELL
Hi, :) So in 2015 I was 18 and took out a phone contract, the phone broke and I stopped paying. Young and naive. Debt ended up going to Lowell. I was paying £10 a month or something then stopped. Can’t remember why I did. but it ended up with me getting a CCJ. I didn’t attend court or anything as I never knew it was…
-
Advantis
My son has had a letter from Advantis yesterday about legal fees debt , this court case was nearly 13 years ago he has no contact with anybody since and no letters , out of the blue this letter was put through the letterbox yesterday ,My question are have they any right to pursue this debt as it's 13/12 years old Does he…
-
Step change Dmp
I have just started a dmp with stepchange. I have a loan with zopa and they have said they are gong to keep adding interest to the loan. Do I just keep paying token payment to stepchange? I read on their site they may pass the debt into P2P ltd. Will they agree with the dmp payment. Has anyone had dealings with them?
-
Credit cards default
Hi Guys, I have defaulted multiple credit cards totalling 25000£.zopa(3000£),natwest(9000£),halifax(2500£),llyods(3500£),Aqua(3100£),fluid(2000£). I have missed 2payments and might be on 3/4 it goes to default. I don’t want to enter into IVA or get CCJ”s.I lost job 2months ago and struggling financially. What are my…
-
Debt Collector / Bailiff For Partner
Hi My partner is in a dispute with a former friend who says they are owed money and has logged a claim with the courts. It's nothing to do with me but the former friend is messaging me to say that it will go to a debt collector which won't be nice for me. I just wanted to check the situation if it gets to a stage where…
-
Wescot refused Full and final settlement offer
So the story is Being paying a minimal amount to wescot for 6 years for a Santander overdraft Santander has recently sold the debt to Cabot but wescot is still managing this. I've written to wescot offering a full and final settlement. They have written back today saying there isn't a settlement available on this account…
-
Creditor…
Hi all, last year I lent a ‘friend’ £800. They needed it for their rent as had been short paid apparently. This friend then didn’t pay back in the two weeks and further went on a road trip with their partner in the uk at Christmas. Still no payment and have been informed they have filed for bankruptcy. Being made redundant…
-
Capquest Help
wondering if i can get some advice . I received a letter in Dec 24 for a debt that i can’t remember and in my maiden name that i’ve not used for 18 years however i sent Arrow and Capquest a recorded letter to ask them to prove the debt is mine. i later had a reply from capquest only telling me to contact OPOS . I sent a…
-
Self Managed DMP and First House Purchase
Hello I have gone through many threads but have been unable to find an answer to my question. I am 30k in long term persistent debt with payments of 850 a month on a 29k income. It is only over three lenders. Basically I am being crippled by my debts without enough money for food or heating. So far I have not missed a…
-
Being chased for a debt from 2007
I have just had a text from Lowell and it looks like they are trying to call me too about a bank loan I had with HSBC. I genuinely do not rmeemebr
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: Almost at the finish line (original post closed) by Chrystal
Today at 7:44PM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.