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Full and Final offer received
I have been offered a 50% discount offer as a full and final settlement from the PRA group. I was going to try a counter offer (although they have twice declined a counter offer in the last 2 years) But before I do this, should I request a copy of the CCA? The original debt was with Tesco bank from a 2014 account. But the…
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Asking creditors for CCA and accounts - FCA changing the rules soon?
I understand from a previous discussion I had on here that the FCA are in the process of taking over the process of dealing with old debt. From Google: 'The current rule, where a failure to provide a "true copy" of the CCA within 12 working days makes a debt unenforceable, is under review.' Is anyone here acting on this? I…
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Newbie Drowning in Debt
I started getting into debt by getting my first store card at M&S 30 years ago - it was never explained to me what debt was, or how easy it was to get into it… i just saw it as i was getting stuff for free! It wasn't that bad all those years ago, and 25 years ago I managed to get on the property ladder & get a car on…
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Self-Managed DMP - First Contact/Payments to Creditors Advice
Hi there, Just after some brief advice having recently embarked on a self-managed DMP due to a big change in personal circumstances and large uptick in outgoings due to needing a second address. Am in the process of half a dozen loans/credit cards being defaulted, sold, managed by third parties etc, having stopped all…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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Self managed DMP advice/help??
Evening everyone. This is my first post here after reading only for months. I am intending on doing a self managed DMP & have already ignored my lenders for a few months. Today I received a letter with my first default from “Creation” which I have a loan with. I have copy & pasted the main part of the letter below and I am…
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Debt Advise
Hi all, Looking for a bit of advice on my situation. I’ve built up debt across a few loans and credit cards over time. A lot of it came from overspending on lifestyle/luxuries, and if I’m honest, probably linked to low mood at times—spending made me feel better in the short term. Most of these accounts have now defaulted.…
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Irresponsible lending
I've started a self managed DMP and awaiting my first defaults…I've put in irresponsible lending complaints to FOS and all have come back negative mostly saying that although wages were not checked adequate checks were made via my credit score and as I had always managed my accounts well, so my question is can I do…
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Can't get creditor to answer my letters
Hi all, Slightly different scenario here ( I think…). I have a DMP with StepChange. One of my creditors is Santander for a FlexiLoan. SC wrote to me last September to say that the payment they made to Santander had been rejected as Santander's receiving account details had changed and I needed to contact them (Santander)…
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PayPal credit card affecting other PayPal use?
I’m at the beginning of my journey… currently missing all the payments on my debts for the first time ever. One of my credit cards is with PayPal and they’ve been very active about chasing payment (which is about 2 weeks late) with lots of phone calls, which I’ve been ignoring and blocking. But it occurred to me, is…
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Overdales CCJ issued advice
I’m looking for some advice regarding a situation with Overdales that’s now escalated to a CCJ. The original debt was around £1,800. I made an initial offer to settle at £900 (which I felt was reasonable given my circumstances). They came back with a counteroffer of 70%, but they refused to negotiate beyond that point.…
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Super scared about my debt options
Hello, First time posting, have been reading these forums late into the night to try and work out what I’m going to do. I have about 38,000 worth of debt which has been accumulating for about 10 years. I’ve never missed a payment on my 1 loan and 4 credit cards but because I can’t access any more credit, I am paying large…
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Received first default notice
Received my first default notice though the post for a Zopa loan. It says lender for this agreement is Plata Finance ltd (formerly Zopa ltd) which is news to me. No mention of Plata in credit agreement. Do I need to do anything at this stage? It’s given me a deadline of beginning of May to pay arrears (which obviously I…
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Self-managed DMP
So, I've decided a self-managed DMP is for me - 10 creditors, mostly credit cards - £45k. I've done a budget through business debtline, but they have no availability for speaking to me and then referring to stepchange, for the next month. So - as I understand it… Cancel all Direct Debits - done Don't pay until I receive…
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Debt write off due to serious mental health - any success stories?
Hi. I'll start by saying, I'm not looking for any medical advice, as I have a full psychiatric team assisting me… Six years ago my mental health deteriorated, ending in me getting divorced and eventually being signed off work. After the divorce, I was left with the family unsecured debts (which were all in my name) of…
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DMP own ran- settlement advice
hi all lowell have sent me a few letters now to say they have given me a 2k discount so only need to pay 1k to write it off Should I do this or keep paying my payements? Says something about if pay early can affect credit score more? Thanks in advance
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Lowell threatening with 4 months until statute barred
I defaulted on a credit card in July 2020. Lowell have bought the debt and have been ringing, texting and sending letters. Today I got a letter saying if I don’t get in touch by 1st April they will send a field agent to my address. How likely is it that they’ll do this with 4 months until it’s statue barred please? What is…
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Stuck in unsellable shared ownership flat with rising service charges and debt – can’t see a way out
Hi everyone, I would be really grateful for any advice or perspectives, as I feel quite alone dealing with this and am struggling to see a way forward. I earn a relatively good income (circa £80k per year in central london) and historically had no debt. However, since around 2020 things have gone wrong. Following a period…
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Self managed DMP starting now
hello, I’ve been reading a lot on this website past week. I have found it inspiring and wanted to start that journey of my own to being debt free. Happy Good Friday. Just to start of first with some questions! a few DD has already been taken to pay some credit cards, as I wasn’t ready to do my DMP yet until a few days ago.…
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Debt Management Plan and Creditor Payments
Hi all. I’m about to enter a DMP with Step Change who are amazing by the way. Long story short is that I had to take early retirement due to a health condition and this has led to some financial difficulties. My question is about payment offers to my creditors. There is one creditor who is being offered significantly more…
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