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Creditor's reply to my offer on an unenforceable debt - advice sought, please
I wrote to all my creditors on a DMP I've been in for more than 10 years now. All wrote back and said there was no CCA so the debts were unenforceable. Cabot continue to make me offers of 30% to clear the three debts with them. All wrote back with what appears to be a standard response, saying the debt was still…
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Ccj advice
Hi am after some advice I have a Ccj against me have contacted the court on this matter and was given ferther details of who to contact wich is the solicitor dealing with the case they have informed me that the amount to pay has increased due to interest, is this correct as I was under the impression that’s all I had to…
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Debt solution when re-mortgaging
Hi Guys, Sorry if this has been covered, first-time post and long time follower. I have done some research, but I am still a little confused so apologies. I am re-mortgaging just now, low rate ends in October so starting early. I had inquired about borrowing around £6.5 k extra on the re-mortgage to clear off a Credit Card…
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Help for my parents
Hi, I'm hoping the wise folks on here can give some good advice. Over 15 years ago my parents took out an unsecured 15k loan from Paragon. At that time they were in a substantial amount of debt in lots of unsecured debt. When everything came to a head they remortgaged their house to pay off all the debts. Paragon wouldn't…
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Full and final offer percentage?
HiI have 3 debts that are a low amounts 87.80 intrum 108.13wescott 405.16 capital one Was thinking Offering 50%. Two been sold one to other companies. I have come in to a little bit of money and wanting advice on how much to offer the companies and how to go about it. Thanks in advance for your help. Regards Mel
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Debt and saving/planning for a family?
Hello everyone, I wanted to gather some thoughts from the community on savings alongside debt. What has triggered this question is the fact that over the past few weeks I have been working from home and not doing anything/travelling anywhere/buying anything except food and toiletries. I have ended up with nearly £500 to…
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Difference between necessity and luxury?
Hi, I've been really irresponsible and gotten myself into an awful financial situation. It's down to falling pregnant earlier than planned and my partners unexpected job loss, but I know it was my responsibility to plan and be prepared for these types of situations so I'll not make excuses. I'm currently claiming Universal…
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Will this be ok?
Hi, this lockdown has given us chance to reflect on our finances. I’ll post all details over weekend but would be keen to get people’s views now too. We’ve made some big financial errors in recent years and we owe around 64k unsecured. We have a joint income of 80k and due to my to my wife Going back to work full time we…
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Free self managed DMP tool
Hi, This has probably been mentioned on here in the past, but with the current situation we find ourselves in and more people inevitably turning to the debt charities for help with their debts, I have come across an amazing tool! It is on the North East Derbyshire Citizens Advice Bureau (google it) and it allows you to set…
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Tough times ahead for me
Hello all, thanks in advance for any advice you give. I'm not sure where to start really. I have 4 credit cards and a loan which I have never been late or missed any payments. Because of this virus my wife has lost her part time job and as she has osteoarthritis she can't seem to find another one suitable. She only had a…
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Revealed humiliating CC debt to my husband and can't remortgage
Hi everyone, I'm new here and feeling really ashamed and humiliated writing this and barely holding it together. Haven't slept all night and I've been up since 4am, trying to figure out how to say this all. My husband and I bought our house two years ago, when I was completely free of any debt. It's now time to remortgage,…
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Aspirational SOA
Hello, So I realised in December that I was blowing through cash and despite having an OK income, I had nothing to show for it at the end of every month. The debts were certainly not getting any smaller, though not growing. So I went through everything with a fine tooth comb and got a budget sorted, which I've basically…
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Partial settlement
I’ve been trying to sort out my daughters debts for the past couple of years. I paid a couple of CCJs and following advice on here I wrote to all her debtors asking for CCAs. Only one - Link - was able to produce it a few months later. I have written to Link several times offering to make a full and final settlement. I…
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Taking payment holiday to clear smaller debts?
Anyone else taking a loan payment holiday to clear smaller debts? I have overdrafts in four different accounts. We all know they will start charging awful rates in several months. So I figured it I could take a payment holiday for two of my loans, I can clear these smaller debts. £1000 - HSBC O/D £750 - Starling O/D £500 -…
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If a DRO is revoked, can I move to a DMP?
Hi all, After months of stressing over my debts, and then ignoring them; quarantine has given me enough time to actually think about getting out of the pickle I've got myself in. Struggling with impulse buying and lack of organisation is an ongoing problem for me, and I'm a few months away on the NHS waiting list to be…
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now debt and mortgage free
I disappeared from here about a year ago whilst moving to wales in the year we moved we were about to get out of debt and pay off the 45,000 mortgage we had to tae out to get our presnt house so now to find a new forum to join to help me stay out of debt
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My partner has debt - how much do I do?
Hiya, Never used one of these before to ask about my own situation, so feel a bit vulnerable, but here goes. I'm in a bit of a tricky situation. My fiance has had a bad run of it the last few years with job changes and things. He's been back in work for a year and a half, but he's absolutely terrible with money. He…
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ARROW GLOBAL
Here's a good one for you. Got a letter out of the blue from a company called Resolvecall who have been asked by Arrow Global to collect outstanding monies (just over £4000) from a card I have never owned. This card was supposedly taken out by me in 2008 and the last correspondence with me was supposedly in 2010. It has…
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Santander won’t REDUCE my overdraft.
I have a £2000 overdraft with Santander and I am weak and unable to resist spending it. I have asked many times for them to reduce it whenever I have money spare (Never £2000, unfortunately!) but they refuse, claiming that my credit rating isn’t good enough! For a reduction! They tell me that to reduce it, they essentially…
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Gambling regulation: problem gambling and protecting vulnerable people
Source: National Audit Office The Gambling Commission and government need to do more to ensure that regulation can protect gamblers effectively, according to a new NAO report. There are an estimated 1.8 million ‘at risk’ gamblers and 395,000 ‘problem’ gamblers – including 55,000 children, some of whom are as young as 11…
A place for MoneySavers to share their journeys towards debt-free living.
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