-
Advice needed
Hi all I Am after some advice please. I recently inherited £6000 after the death of an uncle. i/we have various debts which have accumulated through poor judgement and desperation due to my wife having work issues over the past 18 months. i am wondering what the best thing to do with the money is. Run down of debt is £4000…
-
Moved: End of mortgage term last year (August 2024) but bank didn't contact me before now - can't p…
This discussion has been moved.
-
Heavily indebted doofus - do I default?
Hi all, came across this forum as a 31 year old idiot who has landed himself in a whole heap of debt. My situation is complicated and I'm hoping that as this is purportedly a judgement free forum I won't be too criticised too harshly for the situation I've landed myself in. The long and short of it is that last year I…
-
Advice for son needed please
Hello, I don't know if anyone can help me but not sure where to go/who to ask. When my son was 17 (November 2021) he crashed an uninsured vehicle into a residential property. He was arrested and went to court in June 2022 where he received a 1 year referral order as he was under 18 at the time of the incident and was…
-
Just pulled my head out of the sand
Hi everyone, I have been lingering here for some time and have spent hours and hours (mainly through the sleepless nights) reading posts about self-managed DMPs. I have finally “pulled my head out of the sand” and decided that it is time to take control and to try and eliminate the constant sicky feeling I have around my…
-
Debts and mortgage
Hi All, would appreciate advice on the below currently have large loans (unsecured) now can’t afford them due to health issues for both myself and partner. we have managed to ensure our mortgage is payed to NatWest, however our large loans are with NatWest also, they are not secured to the house, if we continue to not make…
-
Help with a full and final settlement
Hi all, my previous post has now been closed, but background is that I have several old debts that all defaulted years ago and have now dropped off my credit file. I had been paying for years via Step Change, but was planning to make full and final settlement offers. I wrote to them all first to ask for copies of the…
-
High debt - IVA or DMP?
Hi All, here is my situation: I am in the deep end with unsecured debt, have been spinning plates for months swapping payment dates & recycling credit card debt from cash machines to keep up minimum payments. Strangely enough I honestly didn't realise the full scale until I sat down and calculated it all. My SOA from lemon…
-
I'm a little confused with ACI
I am a little confused with a debt that I am currently paying off, it was oakbrook loans and the debt was passed on to ACI. This is where I am slightly confused they don't appear on my credit file, I had letters from them in the past which have been Mr instead of Miss so slightly confused with that also as my friend who…
-
Utility warehouse debt collector has come with an offer to prevent ccj
Hi, I have been back and forth with Utility warehouse regarding a debt, which I disputed. The latest debt collector has now come up with a reduced offer, that I can pay in 3 instalments and prevent a ccj. It comes across as a negotiation offer. What is the best way to move forward with this offer?
-
Closed
---Closed---
-
I’m £50k in debt Scotland
Hi folks, I know this is all my own doing but after a difficult divorce I bought a small house that needed some work. To cut a long story short I now have 8 credit cards, with £17k of debt, most of which is on 0% for a year. I have 3 loans, one with 8k left, one with 7k left and one with 19k left. I earn £50k a year, I can…
-
Help with my debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
-
Managing Credit Card debt whilst on Universal Credit
Asking for a friend with this one.. She has 2 x credit cards with high interest - 33% and 26% retrospectively. Amounts are around £2K total. Ordinarily, she would use a 0% card, but due to now being on a low income and claiming UC as her main income, she is not entitled to set up a new card/transfer balance. What advice…
-
Unable to pay back Debt
Hello, I am a 28 year old working professional with at least £25K through credit cards, car loan and other debts like PayPal credit, Very, Novuno etc sitting on my head. I have been making minimum payments for a year now and now unable to make those as well due to changes with my salary compensations. I am worried about…
-
Debt Relief Order £90 fee refund due for some
Anyone who was thinking of taking a DRO (debt relief order) and who paid their £90 fee, but did not submit their application in the end, is now due a refund of the fee they paid. This applies from 2016 onwards, the fee has recently been abolished to make it easier for those in debt to get help. See the link below for more…
-
Resolve call & ACI help
A couple of weeks back we got a knock on the door from resolve call (I've not received a letter from them so not sure what company it was for). I have recently had a letter from ACI informing me that I've a debt for 800 and that someone from perch verify will be knocking on the door. Now I've not had anyone knock on my…
-
ACI (and other collection agencies)
Hello all, long story short, I have approx 20k of debt spread across 5-6 credit cards that all defaulted sometime in 2021. The debt was accrued during my previous marriage. I worked full-time, my ex didn’t; choosing to do various different further learning courses and be a full-time parent, rather than work. We, therefore,…
-
Taking out loan to pay off debt
My girlfriend has around 5k of debt through a variety of things, cards, PayPal credit, very,next etc. By the time all the monthly bills have come out she is left with hardly anything which means I’m now having to pay for more which is affecting my finance. We are both low earners but never miss a payment. Would it be a…
-
Help…..lots of debt
Hi all, I’ve eventually be approved and needing help. So one story short, my husband left me just over 2years ago. 3 children and a mortgage. Hasn’t contributed a penny not even for the children. I’ve literally had to live off credit cards and a loan. I’m now in 50k worth of debt. I can not afford the repayments on these…
A place for MoneySavers to share their journeys towards debt-free living.
9.1K discussions
1.8M comments
Most recent: Three years to get debt free by beanielou
5 September at 11:44PM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.