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Debt-free wannabe

Mutual support and help for those on their journey to becoming debt-free.

Could being made redundant help with my debts??
Hi Posting as a panicked newbie here... We have been offered the opportunity to apply for or voluntary leavers scheme and I have submitted a request to be considered (I don't have to sign it but after a bad day finally pressed the submit button!). The background is that I have been there 16 years, I am good at my job (I…
In process of setting up S/C DMP - advice needed re NatWest affordability complaint
Just to introduce myself, as I think you will be seeing a lot of me around these parts! Apologies in advance for the War and Peace introduction and questions! I did a DMP with StepChange a decade ago, which was very successful and they helped me get a mortgage when I was selling the family home during divorce. It was the…
Later stage of DMP - next steps?
Hi all, I'm hoping to get some sage advice from the hive mind - I'm a newbie here so apologies if I'm posting this in the wrong forum. I've been in a DMP for the best part of 15 years after managing to face up to the damage done by gambling addiction. At the point it started I was working full time and my wife was looking…
Tesco default query - similar issues?
Doing a self managed DMP which is going well with 3 cards But my Tesco was defaulted momths ago but still not been in touch with any letters etc so I have ignored them anyone had similar issues?
Capquest
Hi, I'm new to this. I received a letter from capquest today telling me that they have taken over a debt and is now there's, I can't actually remember the debt as according to the letter it's from 18 years ago for £2000, any advice would be great.
Help with Debt...What can I do?
Hi, Finally,have found the courage to talk about debt, after reading threads on this forum that I am not alone.Thank you all for sharing, it really helps someone like me who felt weak and ashamed to be in this situation. I will try and keep it very short :) I have accumulated debt of 33000 in credit cards. I am not…
Merged: Debt nearing statute barred
This discussion has been merged.
Please advice for letter explaining mental health
I am about to send a letter to all my creditors explaining my situation and I wonder if you can give me advice on it and see if its correct or if there is anything you would add or change. I have ask my mental health team to fill in the DMHEF form but while I get that sorted (you know the NHS can be slow) I wanted to send…
Moved: Self-managed DMP or ‘just keep swimming’?
This discussion has been moved.
Loss of income due to bereavement and outstanding credit card bill
My husband has just died and left me in a financially precarious situation. Until I can get a job I have no income at all apart from bereavement support allowance and hopefully £250 pounds per month from his private pension when it’s sorted out. I have £2500 outstanding on two credit cards which I was due to pay off this…
Seeking Advice on a Vehicle I am in Debt for....
I purchased an electric vehicle in December 2023, for which I took out a £9,000 loan.Unfortunately, a few weeks ago, the car broke down and has since been inspected by multiple mechanics, including the manufacturer, Renault. Both independent mechanics who examined the vehicle before Renault stated that the issue should not…
Seeking Advice on Sending a Letter to Request Debt Write-Off
Hi everyone, I’m looking for some advice on how to handle a really difficult situation. I’ve written a letter explaining the circumstances surrounding my debt, which was incurred during a period of severe abuse in every sense of the word (unfortunately) where I had no autonomy or control over my financial decisions or any…
SOA Advice
Hello, This is my SOA, I have an appointment on 4th Feb with Citizens Advice to apply for a DRO - Should this SOA be adjusted in any way? [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 3Number of children in household.........…
Difference between LBA and Claim form
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
Dmp
Hi no judgement for this please I have been on dmp for about 6 years and had about 20 k left. I have run up further debts and added them to my plan which I can clear all in 8 years. Step change have been brilliant as always but I’m having sudden pangs of anxiety thinking that I’m now going to be took to court and my new…
Thank You!
Following on from my previous post just wanted to say a huge massive thanks to @sourcrates @fatbelly @RAS and @Manyways So all of my credit cards have defaulted, all have been sold on accept HSBC it looks like they want to hold on to the debt for as long as they can, dont know if this is usual but they are the only ones…
Anyone else paying £1,000+ monthly with StepChange DMP?
Currently £36k in debt. Combination of loans, credit cards, and overdraft. Wondering if anyone else is paying this amount or if this is a good idea? Let's say I finish paying everything is 2 years +. My credit file would still be bad until 6 years after. And also, my accounts haven't defaulted yet. I wonder how long…
To sell or not to be debt free.
First time posting so be kind. My husband in his early 60’s ( but still working full time) has accrued nearly 15 grand of debt on high interest credit cards and loans. He hid a lot of the debt from me until recently and it’s not the first time this has happened. I have been guilty in the past of letting him deal with all…
IVA without fees?
I’ve been reading up on different debt payment methods and found several people mentioning that IVAs are only useful for large debts as there are high fees attached to them. I have speaking to an advisor from a company called Insolvency House Ltd who has said they would be able to set up an IVA that would last 5 years and…
DMP help please
So I’m applying for a DMP through PayPlan. I live with my parents and I’m worried about them finding out. Will the creditors send letters to the house? Will anyone turn up at the house? I can’t sleep at night where I am so worried about this but I can’t keep up with my repayments. They have told me to stop paying…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Debt-free wannabe

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