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copy of credit agreement and account DENIED
Hi everyone i had a debt over 20 years ago where i offered £1 a month to which i have been paying for 20 years i have had no contact for many years until Recently caboot was contacting me constantly along with orbit knocking the door So as i was reading this forum i sent them a request for this account history and signed…
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First contact about CC debt over a year after default. Is this legal?
This isn't my first time around the block - I've previously been bankrupt and found this forum extremely helpful back then, but lost my old account. However I am poor and ended up back in debt, though much less of it this time. I defaulted on a fairly hefty credit card debt some time ago - I had applied for a 6 month…
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Self managed DMP
At the start of my payments now I have defaulted on a few. Made my first payment to Lowell via a standing order as I am in charge then if I want to up or lower the balance. I also sent them an email telling them this. They have sent me a direct debit mandate for a payment plan. Can I ignore this and carry on as I was?
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DMP Not being paid on time
My friend was starting a business decorateing houses to a quality standard. I did a contract with her and I sent £4000 to her bank account. She was to pay me back the full ammount She then made many excuses that she was on holiday, she had issues with her husband, wasn't well. I then found out she did not work and spent my…
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IVA / Debt Advice Please
Hello everyone. I’m looking for some advice on how to move forward with my current debts.
I have been reading through the forums for a couple of weeks and there always
seems to be good advice, so I’m hoping I have put this in the right place! Currently have outstanding debts totalling approx. £77k. It all initially
started…
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Helping a vulnerable relative - where do I start?
Little Sis has had mental health and physical health issues since August. She has been out of work for over 20 months. Income is carers allowance c£83 a week I think. She was in hospital for one week in October but not sure on rules re carers sickness. Household includes our father so has been running on his savings and…
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Response from PRA Group/Westcot re unenforceable debts
Hi and happy new year! I'm seeking a quick validation check on a letter I received regarding a couple of my NatWest Retail debts in 2024. Both accounts (loan and credit card) were defaulted by NatWest in January and February 2020 respectively and so they will be dropping off my credit files at the end of this month and…
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Link Financial - what to do!
I've had a letter through from Link who I usually only hear form with a statement yearly trying to establish contact and advising that I can expect ResolveCall next week f they don't hear from me. (which is a worry obviously) I WAS about to send them an offer letter for a final settlement and then I remembered to check…
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Zopa Affordability Complaint - Nearly there...
Just wanted to share some news.. I raised an affordability complaint with Zopa for a £20k loan in December. Zopa rejected my complaint and also my appeal. So, I raised the complaint with the FOS in February. Having submitted evidence (bank statements etc.) I seem to be nearing the finish line. The FOS are viewing in my…
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Drowning in debt, please help with next steps.
Over the last 15 years I have made bad decisions which has led me to nearly £90k worth of unsecured debt. Huge chunk of this has come from investing in a business which did not do well at all, I am now struggling to meet the minimum payments. I have around £90k of unsecured debt spread over 8 credit cards ( 5 of them are…
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Settlement Offers
Hi, I've decided to pay some defaulted creditors and settle some accounts. Previously i didn't bother because they were defaulted and any payments were not going to improve things. But I'm thinking if smaller offers, it means what I pay into a dmp, more of that will go towards the larger debts i have if some creditors are…
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PRA
Is it normal for PRA to become more persistent the closer it gets to your default falling off credit file? I’ve had a debt (currently £1020) with them since 2020 it defaulted in Dec 2019 and the last 3 months I have had non stop letters and voicemails asking me to contact them. The letter yesterday said I had until the…
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Relationship break while in an iva and have a morgage together
Iam 3 years 9 months into a iva. I pay £75 pound a month. For 13k debt. Ive got a morgage with my ex partner and there is roughly 55k equity on the house. My partner refused to sign the rx1 form. When I first entered the iva
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Unsustainable debt and long term relationship breakdown. Any advice welcome.
Good morning I've been burying my head and pretending everything was sustainable the past 5 years or so but it's getting to the crux. Currently in £56k of debt across credit cards and my 18 year relationship is over. We live together with a joint mortgage and 3 children. We don't have any other debts together or joint…
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Deaults arrived and a formal notice to pay - what next?
Morning all, I've done as advised on here, as i will we be self-managing my own DMP. Stopped paying all unsecured debt, some have now defaulted. One has sent a formal notice to pay. What do I do next? I've had recent bereavements and been quite overwhelmed but need to get this back on track. Is there a letter I need to be…
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Default Notice - Virgin CC
Hi everyone 👋 I’m a long time lurker on these threads; I’ve got £55k in debt through what is frankly, terrible money management over the last 10-15 years which I’m now trying to address. Ive received my first default notice today with Virgin CC telling me that I have until 3rd Feb to either pay them the minimum payment or…
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Urgent advice. DMP now or default first. Please help on a plan
Hi everyone, I’m new here. I’ve been reading
through posts over the past week and can relate to so many of your stories. I
thought it was time to share my own situation. Thank you in advance to anyone
who takes the time to offer advice — I really appreciate it. I’ve read that it’s often best to
let your creditors default…
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Help required with plans to default on Barclays CC and Bounce Back Loan.
Hi there, I have another thread going on Debt-Free Wannabe where members have been helping me greatly with sorting out a lot of credit card debt. However, I also have a Business Credit Card and Bounce Back Loan with Barclays that I am quite nervous about - as this appears to be outside the groups normal realm of…
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Dealing with £39K debt
Hello all, I built up debt over probably the last 2 decades, sometimes paying off, but then getting more credit. As the years went on and my wages increased I ended up taking out larger amounts of credit feeling I could handle it as I was always making the payments each month although increasingly this became the minimum…
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Statute Barred
Link Financial wrote to me in 2023 asking for an income and expenditure declaration which I completed. There was no admission or acknowledgement for a debt which at that time still had 2 years to go before being statute barred. There has been no payment for nearly 8 years and no other correspondence. They are now…
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