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Are debts ever written off?
I just wondered whther anybody knew if debts are ever written off after a certain amount of time. I'm sure I heard that if a debt collection agency hadn't been in contact for 4 years they could no longer chase the debt - in effect it had to be written off?? Or have I just made that up?? :confused: I am all of a sudden…
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Debt collection
I have a debt outstanding with Direct line which has gone onto the list of debts to be dealt with by CCCS. I have received a letter from Direct line saying that they have terminated the agreement and want full payment of the loan less an amount of interest by 12 may. This i cant pay or it will go to a solicitor/debt…
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Looking for advice
I'm looking for some advice on paying off our debts. We don't have much income left over each month as we recently took out a loan, but , I'd like some advice on getting somewhere with paying off our debts even with our limited income. Income : Take home wages monthly : £1158.62 Child Benefit : £17.00 a week Outgoings…
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should we change banks
after cutting down alot and just taking what cash we really need this week we have incurred £175 in bank charges Is it a good idea to stop all direct debits except the morgage then pay via giro bank to the loans ect if it wasnt for the charges we would be better of my overdraft is at its max we are currantly waiting on a…
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Help Please!
Hi, One of my friends advised me write for help. My son & his fiancee are in a mess and have said they are going to use 'debt free direct' - have you heard of them? Are they kosher or not? they have heard that these people can clear half their debts for them. I have told them to contact CAB or National Debt line but they…
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in debt and on benefits...help!!!
after splitting up with my ex (the father of my two children) 3 years ago, I've found myself spiralling into debt which I can't seem to get out of... unfortunately it's catching up with me...I've got two credit cards - Capital One £500 Barclaycard £500 (both in arrears) and three catalogue companies with debts of around…
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15K in Debit, HELP
My boyfriend has debits of 15k. 9k on two credit cards (Both Barclays) and 6k on a loan. He pays off the minimum each month on the credit cards and has a direct debit set up for the loan each month. We are thinking about buying a house together August/September time, and i would like the debts cleared before we think about…
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Credit card debt paid but
My son had a debt with Capital One, he gave me the money and I paid it in Feb 2004. I have proof on my bank statement that the cheque was cashed. We are now on the fifth credit chasing company re. this debt. We have sent each one of them faxes of the bank statement. When todays letter arrived I rang the latest lot up…
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They want to put a charge on my house!
Hi I just wondered if anyone could help me with some advice. I have credit card debt of over £6K and haven't keep up the payments as I haven't had any funds to do so. I am now seeking part time work as I have a child who needs to be cared for, but the company have now handed the debt over to a debt collecting company who…
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Ltd company/Directors/Secretary debt
Can any company, debt company come back to a director or company secretary for debts of a none existant company. A company that no longer exists, has not traded for over 13 months and companies house has it listed as Proposal to Strike off, but this has been sitting there like that for well over 8 months. Also.............…
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Some Advice please
Basically my debts are as below due to university and an easy life lol. £5,500 student debt £4800(£6000 total payable over five years at £102 a month) £2000 overdraft with Lloyds(on july any money over £1500 gets interest) £1400 on Barclaycard-this is now only £117 due to me furiously paying it off m income is £18000…
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Credit card v Loan
Is it better to settle a credit card debt of £10,000 paying £200 per month to the CC company or taking a loan out? How do I calculate which one is more effficient (and saves me money)?
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Just a Quick Question
I currently owe £5802.36 as follows HSBC Loan £4168 Loyds TSB Advance Card £1634.36 ( 0% till Feb 2006) As you can see I have taken the best possible action i could have with the Advance card and i pay £40 a month to reduce this. At the end of the 0% period i will either pay off the outstanding balance in full or transfer…
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debts all over the place
Hello, I've looked on this site for answers to my various debt problems, and have tried some of the suggestions, but am still utterly confused. It doesn't help that I'm dyslexic and probably the least organised person in the world - but I'll try and break down my debts to see if any of you can help! I have a Natwest…
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What should I do?
ok, my problem is tiny compared to others on here, but I would still appreciate some advice. We are due to get married in June and although we have saved the majority of the money, reckon we will need a max of 3k on top of this, we will also need about another 1200 as we are getting a new roof for our flat and this is our…
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First National
I have a 2nd charge (soon to be got rid of!!) with 1st National, and over a period of two years the interest rate rose from 7.9% to 9.5%. I rang them up recently to say how ridiculous this was, they verified that I was willing to increase the monthly amount, and they promptly advised me that they would drop the interest…
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Help with debt (detailed info enclosed)
I'm looking for some debt advice. I have about £25,000 debts on credit cards and £3,500 on catalogues (details below): CARD BALANCE LIMIT Alliance & Leicester £1,700 £3,000 Barclaycard £3,100 £3,550 cahoot CC £3,750 £5,750 (I have a current account with cahoot too) Capital One £3,600 £4,000 Egg £5,550 £6,500 MBNA £5,600…
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what would you do?
those of you who read other boards may know about this. My mum has letter from the solicitors saying a finance company are seeking reposession of her house. She has a super great big head in the sand attitude. Could she go bankrupt and not lose the house? Can sis and me get power of attourney, and if we did would it make…
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£51000 in debt and growing
As the title suggests not a great situation. Unfortunately for me I work in Financial services. So if I end up with a bad credit history bang goes the lively hood. Any suggestions Thanks :j
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Advice pls
I have a few credit cards with small balances on ie coming down slowly with a long term apr of 3.9% and 6.9%. I have some others on standard rates varies from 11 - 13 %. The 11-13% ones tend to have higher balances which keep being carried forward each month. I am in a position to pay an extra £200 per month but dont know…
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