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Advice on my debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
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Crippling credit cards - pension draw down in 6 months
Hello there…. house improvements have left us with credit card debts of about 72k, which is costing us a crippling £1,100 per month to service (largely on 0% fee cards). We will pay this off mid-August when we can draw down from a few old pensions, but before then it is making life very hard indeed. Any suggestions at all?
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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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Mortimer Clarke
Hey guys, so I asked Mortimer Clarke for proof of debt ownership using the prove-it letter provided on here & they sent the debt back to Cabot financial immediately without providing any proof. Does that mean they can’t provide it? Or do I now need to do the same to Cabot? I have other debts with other companies also,…
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Non payment of council tax: Questions.
Hi, First off, apologies if this is in the wrong section. Times are tough for me financially and it's looking like I won't be able to afford my council tax going forward. I can barely make my rent and basics. And as a single person living in low-value social housing, the ever-increasing council tax is unfair and…
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Paying to a debt company
Hi, I wonder if anyone can help. My friend's son owes a few hundred pounds to a debt company and has now had a 'final request ' letter. My friend wants to pay it off for him. She only has one account, a joint account with her husband. He is not her son's father and she does not want her husband to know about the…
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Debt has finally caught up with me
Don't even know how to start this tbh, so I'll just summarise for now. I'm about £56k in debt over a number of loans and 3 credit cards. Until around 12 months ago, I was easily able to manage these debt repayments, and just about get by. A bit of history...It all started around 10 years ago with my divorce, when I ended…
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Bounce Back Loan Default
So, I have a bounce back loan, it was taken out as a sole trader. I'm currently defaulting on all my credit cards and loans since i just can no longer afford them atall, I've had my first default show on Experian for Vanquis. I received a letter today from Moorcroft to say they are acting as collection agent for the bank…
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Help with an old debt
I was very silly alot of years back opened store cards etc and racked up debt. A few years later I thought I had cleared them all up but apparently one has come to light for £900 that a company called verify is threatening to visit my home. This debt must be over 20 years old, as its in my maiden name. My credit file is…
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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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Brodies on behalf of PRA
hi guys, I have received a letter from Brodie’s on behalf of PRA (barclaycard debt) stating ‘notice of court action consideration’. I did a CCA request to PRA in 2023 and I’m still waiting…just double checking this letter isn’t anything to worry about? Says court proceedings may be taken against me if I don’t pay by 10th…
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13 yo credit card debt / CCAs and partial settlement
Hello - my first ever post. I have two queries. In 2012 I defaulted on several credit cards. Been paying them all a tiny amount per month ever since. All has been quiet until recently when Cabot suddenly started threatening me with debt collectors and sent someone round who left a card. (An issue may be that my direct…
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Profitable Amazon business, now under heavy debt pressure - looking for advice
Hi everyone, I’m posting here because I’m currently under significant financial and mental pressure and would really value input from people who have gone through similar situations. I run an Amazon business (UK/DE). Two years ago the business was generating between £7-10k per month in profit. Based on that performance, I…
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Perch Capital / ACI / Salary Finance
Hi, I've this morning received correspondence from ACI as Perch Capital has purchased my loan from Salary Finance. Wording definitely says "Sold". I immediately rang them to inform them the balance is incorrect (£187.50 difference, not much I know) as a result of a irresponsible lending claim back in September 2024, and…
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ACI / Updraft
Hello, I posted my first post last May 2025 mentioning I was approximately in £70k of debt due to gambling. Today, I am mentally feeling a lot better with my debts across 11 creditors at £57k so I'm immensely proud that the balance is going down. I did go self managed and found thing so stressful so I went with PayPlan for…
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Lost court cost expenses
Hi al I have a debt of 10k from the council It has not gone to the bailiffs yet as very early. I jave mit got a formal letter yet from the council Ive just been told what the amount is. Does it matter what the debt is actually for from the coincil as to wether they offer a payment plan? Its mot council tax debt its debt…
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Irresponsible lending complaints advice
Hi, I'm just looking for a little advice regarding my complaint responses. Virgin CC have refused the complaint so I've sent to the FOS. Barclaycard have replied to say yes they agree I shouldn't have had the last increase from 6k to 7k so have dropped the limit back to 6k and ive just received response from Castle…
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Halifax default after account misuse – debt now with Wescot – next steps
Hi all, I’m looking for advice regarding a Halifax account that has recently defaulted and been passed to Wescot for £410. In late 2024 / early 2025 I was introduced to some individuals by a mutual friend. I was told they could help me make money through crypto-related transactions. I now understand this was a scam /…
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Best way to manage
Hello, I currently owe 6,000 on a credit card and I am able to afford minimum payments each month. After 2 years I am now being charged interest of 26.0% - 30% compound equivalent, meaning of the £250 payment I make £122 will now be the interest. I also use all of my £500 overdraft every month. I am unable to get a 0%…
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£57k debt - Stepchange or self?
Hello, I (29M) am finally resolving my debts after years of letting it get worse, I found myself trying not to miss payments and so took out further money which got me into this hole. (Not missed any payments on anything) I have 4 loans, 3 credit cards and 3 overdrafts and I am looking at a DMP with Stepchange, I can…
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