Debt-free wannabe

Hi - I'm grateful to have read so many posts here that are very helpful. I have c. £80,000 of debt. I have always paid the minimum amounts and have never missed a payment in 35 years. I had considered 're-financing' 'again' but I didn't do it. In the last 4 months, this has become more and more unmanageable. This month I…

Hi I can't seem to comment on my original post but have just received the attached Default Notice from MBNA gor my credit card. Is this the one I ignore and wait for something else? Thank you

I have managed to settle all of my accounts over the last 6 months through negotiation even a mainstream original lender with the exception of one debt with Link Financial. Despite numerous offers they have countered with a figure which only represents minimal discount way off what my other creditors settled on. When I…

Hi everyone. The only place I can start is from the top . I'm currently in £9000 worth of debt with 5 credit card companies. I’m currently receiving 3 benefits of esa cont based , pip and iidb . I have a long term permanent bsck condition which I’ve had multiple surgeries for the last one being 3 months ago . This has been…

Hello. I hope that I am asking in the right place? I am self employed and currently have approx £25,000.00 in credit card debs with 6 different cards. This all came about after my partner suffered an awful illness and neither of us could work for a long time. I have been making the payments ever since (6 years now) I have…

Hi I am just after some advice around an email I received today around a debt I apparently have, I believe this is not genuine as I have not had any contact from the 3 companies mentioned but I am just wondering if anyone can confirm this, it lacks a reference and a company address and contact details so to me I think it’s…

Hi I am just after some advice around an email I received today around a debt I apparently have, I believe this is not genuine as I have not had any contact from the 3 companies mentioned but I am just wondering if anyone can confirm this, it lacks a reference and a company address and contact details so to me I think it’s…

Hi everyone, I’m looking for some guidance on my debt options because I’m getting conflicting advice and I’m feeling overwhelmed. My situation: I’m a shared ownership homeowner with a mortgage and rent (50%) No dependants Single household Full‑time employment Recently assessed by PayPlan They said I have £56.32 surplus per…

Hello everyone, I have been loitering for a few months - gathering knowledge/reassurances regarding dealing with our personal debt and the different ways to manage it. Firstly, thank you - the guidance I have read so far has really calmed my worries after years of just about managing to pay minimum payments but then using…

Sorry for jangled info its a bit complicated so will bullet points. -Got a letter saying I owed money to a leccy company (that I am not with) -Used a template (from these forums) to email the law firm people thingy asking for proof -Emailed me back saying they had no evidence of my complaint. -2 weeks later got 3 emails…

I'm at the beginning of the journey and still weighing up options. I wonder if people who have been through this before would mind answering some questions as I don't know anybody in real life who has been through this. How long did your DMP take beginning to end roughly? Did you put in affordability complaints and if so…

Hi all - I am finally facing my debts head on and want to take meaningful action. I'm at my breaking point, my mental health is suffering and I have never felt anxiety or stress like this before. I'm looking for some advice on what the best option is for me. I have completed a SOA which is showing a monthly deficit - will…

Hi all, Bit of a two pronged question here. I accrued a number of debts in 2024 and followed this forum's advice to let them all default. I have been ignoring all attempts at contact in the hope of riding it out for more agreeable settlement offers or making it to statute barred status. One of the larger debts (approx…

Hi, I recently sent a CCA request to Advantis who are acting on behalf of Next. I’ve received this reply so I presume I do nothing until I get any further correspondence, is that correct? I’ve had the account since 1996, so whilst it is a long time, it is still with the original creditor. Sorry, I can’t seem to rotate the…

Actually asking for a family member. They are a blank slate to all lenders. They have not had a credit card ever. No loans or a mortgage in well over a decade. Where do I start with trying to get them on the ladder to a credit card? My thought process so far is to use alternative payments? They have a mobile phone contract…

Hello. Hoping somone can offer some advice. Lowell purchased a debt from LLoyds TSB (thats how old it is). They have been sending letters for years asking for payment and sayin they will send a collector to the door but never have. I have finally tired of the letters so sent them the template statute barred letter a couple…

Hi, does anyone know of a bank that lets their current account debit or credit card users to be able to set a temporary spend limit, lets say £100 over 12 hours, that would be irreversible? Asking for a friend 🤣

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…

hi all NatWest defaulted me 31/7 and it’s still not showing up on any credit reports. They sent me a letter saying they’ll be working with moorcroft and to continue my repayment plan (I assume it was the one I set up with Stepchange but I have cancelled this) what is the next steps? Thanks.

hi all. Been on here a lot but just wanted to give an update/ advice needed 5 CCs. All defaulted but Tesco have not sent me anything in few years and not paying them anything. Not sure what even going on the other 4 i pay small amounts to each month what I can afford few are asking me to do a budget planner. I have told…