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Unsure what to do
*I have posted on DMP post but realised here was probable better upon further reading* Good evening/morning everyone, I have never actually written anything on any of the forums before, I'm a big time lurker in lots of threads, however I really need help. My last baby is almost three years old and I haven't worked since i…
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66 month old debt advice
My wife received the attached letter from Kearns Solicitors, claiming on behalf of their client LC Asset, who are some form of Link Financial. The original debt was a £50k loan from Barclays. She defaulted on this loan in April 2020, so she is now just over 6 months away from it being statue barred. There has been no…
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Moved: Student loan income calculation
This discussion has been moved.
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Default/Debt advice
Hi All, I’ve made a real mess of my life these last few years and got myself in a financial disaster. I don’t want to go in to specifics but I have made the right steps to getting this sorted for the sake of my family, before I had all the right intentions but none of the will but that has changed now. I have about £36k…
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Please god help, 60k in debt and feeling suicidal
I have the following debts MBNA CC- 9286 MBNA Loan - 9193 Barclaycard CC -14,094.50 Natwest CC - 19,719 Virgin CC - 4811 Very - 2750 I have used up breathing space of 60 days with all of them apart from Virgin & Very who i am managing to pay £50pm each to & have not gone into bad credit with them yet The rest are in the 2…
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Debt Consolidation After Defaults – Rebuild Plan Before Remortgage
Hi all, Posting for a friend who’s trying to get their finances in order ahead of a future remortgage and would really value some advice. They currently have three defaulted accounts (one in their name, two in their partner’s), all currently unsettled. Their credit scores are poor, but they have steady long term…
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Is there a minimum payment?
Hi all, I’ve followed all the advise so far on here and 4 debts are nearly at the point of defaulting now. I was out of my depth anyway which I take full responsibility for, in the past few months my husband has also left meaning what I can now afford monthly is VERY small. So my question is once the debts are sold on if I…
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Statutory Legal Audit Plan (Debt solutions)
Has anyone heard of or had any experience with these as a debt solution? Thanks in advance.
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Help with our debts please
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Any one got a magic wand
I am looking for advice Situation 50yrs old working in a supermarket £10k owed to my brother. Borrowed two years ago, I keep checking, doesnt need back. We are paying £170 a month into a savings account, currently earning 3% interest. He is happy when we reach £10k with interest, should be 2028 when we reach target. Paying…
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Is a default worse than a bunch of missed payments?
Essentially i lost my job earlier in the year which made me fall behind in my loan repayments, i now have a default notice advising me to clear the arrears (deadline a few days away) failure to do this would mean i have broken the contract which i assume means they will be put a default on my credit file. I have the…
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Debt arrangement scheme advice.
Hi, im new to this and have been putting off posting for some time. Im considering applying for the debt arrangement scheme as trust deeds and bankruptcy are not ideal . I work in energy advice for a well known charity. Im married and we have a mortgage and two children at home. We both work full time and both have debts,…
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LCS claiming I have a debt with EDF
Hello Forumites, I recently received a letter from LCS claiming that I have debt with EDF. I have lived in the address they mention, but: 1 They have the wrong dates. 2 I never had an account with EDF and a bill was never sent to this address. I have sent them the prove it letter and they replied to me asking to provide an…
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Zopa default
Hi, looking for more advice please. Received an email from Zopa saying account has defaulted and to contact to set up payment plan or for them to offer a discount to settle full amount of 13,176. I am currently waiting for info from trans Union to log my unaffordability complaint with the ombudsman as Zopa have not upheld…
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PayPal Negative Balance and Debt due to gambling
I lost £10,000 gambling and funded my account using PayPal via Direct Debir PayPal takes the money from my bank a few days later, but my account didn’t have the £10,000 when they tried to take it. They’ve made several attempts to collect, and now my PayPal balance is negative. I’m wondering if I can dispute this since I…
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Debt & Defaulting. The Process...
Hi all, Been a lurker here for sometime. Great forum with the most useful advice! My story is similar to many others... Over several years I have got in to debt, consolidated. Got in more debt consolidated. Rinse & repeat... Its now come to the point I can't cover repayments. I am hoping to follow the advice i've read on…
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Moriarty Law 30 Day Notice
Hi, My partner has received a letter from Moriarty Law who have been instructed by JC International LLC to recover a debt relating to an agreement with First Central Management Ltd from Oct 2019. She's never been in debt and has no idea what this could be in relation to. There's been no previous contact. Advice would be…
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property undersold by recever
I applied for a loan in 2016 , the Lenders were advertising in the Farmers weekly , I applied for a loan which was a five year term , as time went on the loan was only for a year and a bridging loan , i said to the broker , i didnt want a one year bridge , but by this time i needed to settle another debt so i had to go…
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ACI & Verify Chasing a very old or fictitious debt
Hi All I have over the last 3 weeks suddenly become the focus of ACI UK & Verify for what I can only surmise is a very old debt (12+yrs) and with increasing frequency, letters / voicemails etc. While I cannot be certain if the debt is or is not mine. I am certain in my knowledge that I have not defaulted on any debt over…
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Please help £75k debt!
Hello everyone, I found this forum and have been reading different stories the last couple of weeks because find myself at breaking point, 35/M I have a history of gambling addiction which is the root cause and for the first time in my life ( it has been approx 2 months where i feel in control of it and honest with it to…
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