Debt-free wannabe

I have reached the point where I can no longer service my debts. I currently owe £36565 in unsecured debts and a secured loan of £15088 (currently with the FOS). I know that I will have to keep paying my secured loan. I have been doing a lot of reading on this site and I feel that a self manged DMP will be the best way for…

hi all Very new here. Have been reading a lot over the last few days and it’s been so helpful and supportive and has helped my worries no end so I want to start with a thank you. I’ve got myself into a lot of debt and I think self managing a dmp will be the way to go but want to sense check it and also ask a few questions.…

I have just received in the mail a letter telling me that bailiffs will call on 22nd of this month. It's for a ccj that I didn't know I had from 2022, the creditors is intrum poplar designated activity company. I've never heard of them. In 2010 I separated from my them wife and found myself briefly homeless and with no…

Long post… thank you if you get to the end! I'm hoping there may be people here who have been through something similar and can offer both practical advice and a bit of support. After many years of nose diving, about 6 months ago, my family ended up in severe financial difficulty and were eventually evicted from our home.…

hello I am now in the stage of having received default notices, and letting them go through (aka the 14 days period) I’ve received letters saying the whole amount is now due and I am unable to make monthly payments. Do I wait for the DCA to send me a letter then set up a payment plan with them? NatWest had a default…

I have finally gotten some defaults now but I have a few questions: Q1) Opos Limited: I have started my first payment to Opos Limited collecting for JAJA CC due to them saying in an email that they have not been able to contact me and therefore have no option but to return the case to their client and advising legal action…

Currently on a debt management plan and have sold our house to release equity to pay off our debts. We have a couple of issues with this we owe 56k and have 50k available but I am currently 8 months pregnant and our car is broken - cracked windscreen, doesn’t lock, front door doesn’t close properly and we cannot fit all 3…

Hi, I've been getting stressed about debt for a while now, and even though I've been subscribed to the MSE newsletter for ages, somehow didn't even think about checking here for advice! I moved into my first house a few years ago, and as I'd only rented furnished places before, owned basically nothing, and that combined…

Hello all, I've embarked on my becoming debt free journey a few months ago after struggling with it for years. In short - a bit over of 30k debt over multiple CC'd, a couple of cash loans, and then Klarna and to top it of a few payday loans, 11 lines of credit. I've then started to fail behind on payments as the 0%…

Hi all, first time posting. I'm a bit out of my depth with this so apologies if I get the terms wrong. I pulled my credit file recently and found two old credit card debts I'd sort of put to the back of my mind. The first is with Cabot, around £9,900. The file says it was originally a Barclaycard, opened December 2012, and…

I sent off my affordability claims to four of my five creditors today. In total, I have six credit cards and two loans, with around £75k of debt. I earn £82k. For a long time, I honestly felt like I was the only person in the world who had managed to get themselves into this amount of debt. I’ve carried a huge amount of…

I have an existing debt management plan with Payplan due to end in just under 6 years, with around 8K left. Since this arrangement was made, I have added 9 k in debt from loans and credit cards. I have a further 31K Cabot debt, passed on from a Northern Rock loan in 2008. That defaulted in about 2010 and doesn't show on…

Hi there, I’ve been making small payments to Resolvecall for a while now and I contacted them the other day as I suddenly realised I had no idea what this payment was for (I’ve had so much debt for so many years I’ve lost track embarrassingly). They have responded to me with the below. Can anyone offer any guidance as to…

Hi! I’m finally in a position where I can start making offers to my creditors. I have been on my DMP 4years and I still have 5y left on it. this is the letter I’m thinking of sending PRA group regarding my account. This is 30% of the total. Would you add or take away from it? “Dear Sir/Madam, I am writing to you regarding…

I’m not sure if anyone has any experience or can signpost me in the right direction. Being chased for a Capital Contribution order of nearly £150k that I knew nothing about regarding Legal Aid from a company called Advantis. Thought it was a scam but unfortunately it’s not. All relating to a historic court case (don’t…

I'm exploring a tactic: Breathing space Setting up DMP via Stepchange If interest and charges are not frozen by the creditors, self managing and then defaulting What I would like to know is if anyone has experience of deploying this sequence (or similar), either accidentally or on purpose. As per my original thread, my…

I want to check if the following emails that I sent in 2022 constitute anything that would count as acknowledging the debt: Can you please double check your records as to my knowledge I have paid this outstanding amount in around June or July 2020 after the outcome of my appeal for a fee reduction. and then: Thank you for…

OK so ive decided i really need to get a hold of my finances, i work part time earn roughly 900 a month then get UC as a couple with a dependent child and one on the way in April. We need to save a buffer for when i go on maternity as I'm only eligible for MA not stat mat plus we have house saving goals and we want to move…

I’m in approx 70k of debt. I have been looking at a dmp and have mentioned this to my partner, however she is not keen. She thinks it may affect my position in regard to an opportunity with the company I work with. The risk as far as I can see it is if I get credit checked however that won’t be pretty without a dmp if…

I would appreciate some help. Background In 2007 (or it might have been the year before) I got a credit card with M&S.To try to help with my debts that were starting to build, in 2008 I applied for a credit card with Halifax and they sent a card and then another card days later. I don't recall asking for a second card but…