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Debt-free wannabe

Mutual support and help for those on their journey to becoming debt-free.

Why ARE people in so much debt?
Hello - this is my first post after 'lurking' for a while, and I hope it doesn't come across as churlish or insensitive, but I'd really like to know why this country is drowning in so much debt! Obviously if a family's main breadwinner loses their job, or becomes ill etc. it's understandable that folks will have to tighten…
house valuation surprised us, now what???
hey all well as i said before we had pretty much resigned ourselved to the low start payment plan with cccs, but we got our house valued just out of interest. we didn't think it would be worth much more than £80k, giving us about £7k to play with if we did sell up, but valuations have come back at £87k, £89k and £85,500k.…
Time to make a start in life!
Im looking for pointers really, TBH im to self-opinionated for someone to take over my finances completely.... As It stands I am approx £20k in arreas & Zero Savings. Income varies from £1k-1.3k per month Basic Outgoings :- TV,Net,Phone = £50 Mobile = £30 Items on Tick = £100 General Expenses £100 Entertainment = £200…
My budget
Ok, this is my budget as someone suggested posting in another thread: Rent: 260 month (thats 220 normal, 40 off what is owed, suspended possession order) Council Tax: Theoretically nil but I have areerrs they want at 80 / month Travel: 80 month (two people, cheapest pass that will work for us) Phone + Broadband 50 Month…
Thanks everyone - finally got housing sorted :)
Hi I heard back from the CAB today - unless I hear otherwise it sounds like they've managed to agree with the council amended payments of 260 pounds a month. The 510 they were asking for was a)misleading wording and b)bad maths - nobody can make sense of the logic there. So, that's the rent sorted out to payments that I…
Advisen me on how to get out of debt!!
Hi Guys I currently have a £13,000 Loan that i have taken out with Egg at 7.9% apr to consolidate a few debts that i have built up over the last few years, through excess partying, going out with friends,etc, etc. what would be the best way i could go about paying this loan off faster it is for 54 months. I have two jobs…
My first post. Some advice please
Hi everybody. I would like a little bit of advice. I left university 18 months ago and I am in a bit of debt. I have 2 credit cards, both at 18.9% APR which I am near the limit on (£1400 and £3000, with payments of £130 and £180pcm respectively). I have also got a loan at 6.9% for my car, which is not a problem, around…
Experian Trial - urgent help needed
I ordered my free trial last month, I have to cancel it this week or they will charge me for it, but I can't find the letter they sent me or the number to phone to cancel. Can someone help, who do I phone to cancel it?
The Full Disclosure Report
Anyone used this? Does it work? Is it worth the money? :confused:
Credit history problem (idiot brother)
Hi I'm trying to get mortgage and other loans however when I apply I always get rejected. I paid for one of those reports to show why I had a poor credit rating. For the life of me I don't know why I'm always being rejected as I've always paid my debts on time and never defaulted on anything and I working and have a couple…
Clearing my Credit Record
I'm in the process of sorting out my credit record and applied for the free on-line Experian report. I've managed to work most of it out and put notices of correction against the parts I don't agree with or wanted to explain. However, the first entry which comes up is something that I don't remember ever doing or having,…
By Post of by telephone???
Morning everyone! A bright a cheery day, and I get 3 calls (from the same company) chasing me for money. Question is, I am sure that I read somewhere that I can insisit that these people no longer contact me by phone by put everything in writing? (I did ask for postal communication only when I sent offer letters to my…
bank accounts - quick advice needed
Going on from my previous posts announcing my monumental muck up, should Pete and I haver seperate bank accounts now - does a joint account show as an accociation on credit reports if he applies for credit in future - I just want to protect his credit worthiness. Thanks, Sue
Definition of a "default" ?
Hello everyone, About 14 months ago I got a bit slow on keeping up with repayments to a catalogue company, I missed about 3 and although I cant quite recollect what happened next, I do remember receiving a letter from a collection agency (poss. Mercers) requesting the full balance of £300 to be paid - think a CCJ was…
Will I ever get there?
I've found all the information on these boards very helpful and it prompted me to do something positive about my spiraling debts,its a great board and the regulars are so supportive. I've been trying to set up voluntary arrangements with my creditors with the help of CCCS,I'm waiting at the moment for my first appointment…
Help!!!
hello, i have debts totalling £15000. My anual outgoings total £480 a month on credit cards loans etc and my take home is £900. I am also in arrears with some creditors and have a poor credit history. Is there any way i can cut my debts or anyone who can help? thanks Lee
Im about to drown .... help!!
Ive not admitted this to anybody except my hubby before now, so this is a big step for me. Before I start, I know this is all my own fault and im in this mess due to my own ignorance and stupidity. But im really really scared and need help to get out of this disaster. The full explanation is very long, so I wont bore you…
Loan question
Not sure if im on the right board but just need a bit of help with something. I have a graduate loan with HSBC (7.9%). At the moment I have £11,456.53 outstanding and I pay £200.99 a month, I have 57 months left. Using the advice from Martin's book, I asked them how much it would cost to settle this. They wrote back saying…
Changing Payment Date
As my monthly wages are now due to be paid the day after my loan payment I phoned and asked to change the payment date. Yes sir no problem that will be £20 please. GO AWAY. Any suggestions would be gratefully received
Circumstances Changed.....Need help!
Hello All, Two years ago I lived at home with the parents (cheap) and bought a brand new focus on HP. I pay £202.00 a month over 5 years. I have £6071 to pay off over another 2yrs 9months. Recently I found myself a lover and moved in with her, she has a two year old daughter and doesnt work (long-term incapacity). We are…

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