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No where turn credit card debt
I am feeling very stuck and not sure where to go at the moment. I have racked up £10,000 -£12000 in credit card and over draft debt. I was using the cards to help pay for things whilst I have been working part time since have second child. We cannot afford the full time childcare. Yes we will get 30 free hours in September…
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Paying off our mortgage early
Myself and my OH are both 44 and have 90k on our mortgage left and just under 170k in savings between us. The fixed term mortgage comes to an end soon which is on a 1.6% costings us 389 per month. With the interest rates increasing the new monthly mortgage repayments will be 500 per month. We are thinking about using our…
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Consolidating loan for credit card debt
This post is about getting a loan when you have a bad credit record. The situation is debts of circa 5K GBP. Mostly a credit card but also Klarna and Council tax. This has been due to the impact of having to supplement a monthly income adversely impacted by absences caused by poor mental health. Credit rating is "very…
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What small DFW things will you do this week w/c 10 March?
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…
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Payday loan - no default issued
Hi, I recently wrote to MyJar about a loan which has never been defaulted. They claim that they cannot issue a default as no notice of default was issued at the time. I was wondering if anyone could confirm if this is correct? (In which case ill move on). Bit of background - after a huge mess and failed DMPs in the past, I…
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Moved: Statute-barred debts
This discussion has been moved.
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Santander payment plan
Afternoon all - this forum has been such a help to me on my debt free journey and wondered if anyone could help with an email address/bank details for paying an affordable amount to Santander? I am self managing a DMP and don’t want to speak to them on the phone ideally just make an affordable payment. Thanks in advance…
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ARC Europe chasing. Debt in dispute.
Hi Everyone, Hoping someone can help here. My wife was a member of a gym that she explicitly joined for the swimming pool. It was out of order more days than it was working. My wife went ahead and cancelled, citing the unavailability of the pool as the reason she was was leaving and wrote a letter of complaint. She didn't…
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Fraud - debts done by EX partner
Good Morning, I just wonder, if I can get any advice/help.I have been in relationship with my ex partner about 10 years. When we split up I have redelivered correspondence and started finding out that my ex during our relationship was throwing away, hiding my correspondence.She used my email address steal my identity.I…
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Paypal credit
Hi As part of my debt management I Have a Paypal credit agreement that I stopped making payments to, which shows as closed and default on my clearscore account from December 24, but the login still shows the account open and they just keep sending me reminders of a missed payment. Has anyone had Paypal credit default…
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Paypal
Hi, I have begun the process of missing payments (I am planning a self managed DMP.) I had my first payment for PayPal default 03.03, and I have had a message today to say the debt has been passed to Westcot. I am surprised it has happened so quickly, and looking at threads on here PayPal seems to be a bit different to…
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ACI Debt Collection letter
Hello everyone. I do have an other account but for some reason i can't login so created a new one till i have recover it Anyway i have just received a letter from a company called ACI (A Perch Group Company) for a balance of £616.66 the orginal creditor says HFC Bank Limited. Its does not say what the debt is for and as…
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ADHD, Debt & Struggling to Manage Money – Any Advice?
Hi everyone, First time poster here- *gulp* I was diagnosed with ADHD last year (and have an autism assessment coming up). I’m 37, work as a mental health professional, and earn a decent salary. But despite that, I’m in a lot of debt and really struggle to manage money day to day. A big part of this is my ADHD…
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PRA group solicitor threatening legal action
Hi Everyone I did a CCA request to PRA group at first they could not find anything and sent me a letter confirming the debt was unenforceable this was in July 24. In Dec I received a letter from their recoveries team threatening their solicitors if I did not respond with 14 days. I wrote to them saying debt was…
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What to pay advice
Hi everyone! Looking for a bit of advice. My aim this year is to make a dent in my debt but I'm not sure what to prioritise. My husband recently got a surprise bonus and kindly gave me a little bit of money to help out, but I can't decide where to put it. I could clear one of my smaller accounts completely, or pay off a…
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Need advice - 27k debt
Hi everyone, Posting here as I am at a bit of a loss. I have worked up approx. 30k of debt, through old CC's combined into a consolidation loan and another 0% CC which is at 0% for another 30 months. My monthly income after tax = 2630 Bills etc = ~£1400 Loan repayment - £518 (46 repayments left) Money on CC -…
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Living abroad but Court action threatened.
Hi, I’m living abroad and so upon the advice of the forums here and in particular, some very sound advice from @sourcrates, about 18 months ago I stopped paying into my DMP and sent letters to all of the creditors giving my address abroad I also gave the address of a UK mail forwarding service, explaining that mail gets…
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Michael Sheen
Channel 4 programme about Michael Sheen buying and writing off a load of debt. Very interesting programme, and what a lovely man he is 😊 well worth a watch.
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What small DFW things will you do this week? w/c 3rd March 2025
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…
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Debt planning
50 tgis year. £80k mortgage and £55k of debts...... How do I get this debt down??
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.
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