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Consolidation Loan - yes or no?
Hi - I've been plodding along trying to start clearing my CC debt this year. At the year start it was £50k. By year end it should be around £46k. I had a good first four months, then had unexpected payments, but got back on track this month. My monthly payments are now around £1600. And around £700 of this is interest each…
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Own debt management
Hi, I’m very confused as to how this works I have cancelled my current direct debits and currently on breathing space with my creditors, at what stage do I write to them to offer a small payment for dmp I have had one letter though to say about missed payment do I wait till they sell the debt on don’t know how it all works…
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Smi (Support for mortgage interest) while in an IVA
Hi all does anyone claim the SMI (support for mortgage interest) while in an IVA? I am looking at all my debt options currently and if I am unable to claim SMI that will massively reduce what I can pay. Would only be around £100pcm and on debts of £75000 not sure that would even be accepted as an IVA?
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Prove-it Letter via email?
If the contact from the debt recovery firm has only been via mobile phone, sms and email, to which I have not responded. Should I start with the GDPR letter, to force further communication to be in writing only or should i send the "Prove-it" letter in email form? I realise the point is to force them to provide physical…
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My own dmp
Hi guys, so after losing my job I’m currently not working, I have put through for Benifits. I have contacted my creditors. I have had a letter from vanquish already to say notice of default am I best letting it go to default an sort out a affordable payment with that? Hsbc I’m on payment break and marbles credit card? I…
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Making a plan to become debt free/cancelling pet insurance discussion
Hi, first time posting I think, but I just had the shock of my life when I got an email from my credit card saying I just went over the limit. I have 3 credit cards, 2 are 0% transfer balance ones I dont use, but just pay off just over the minimum monthly so its always reducing. But my 3rd card isn't 0% anything and has…
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Lowell 90% Offer. Advice Please
Hi I recieved a letter recently from Lowell, offering a substantional saving (90%) to settle a long standing debt (Over 10k ) that i have been servicing for year's at a small amount each month.. A family member has offered to give me the funds to settle this debt. Lowell state in their letter that if pay (Just over £1k, by…
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TBI Financial and Standing Orders
Hi, I'm trying to pay all 17 of my creditors by standing order. TBI financial have sent letters that say if I want standing order details I have to phone them. I know the advice is to just communicate by letter and only pay by standing order. What would you do in this situation? I could - phone them, ignore them, pay them…
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Rbs debt and Aberdein Considine
Hi everyone. One of debts that has defaulted is RBS personal loan. I owe £9858.22. I have allowed it to default and made no contact. However I have received a letter from Aberdein Considine who act on behalf of RBS and want me to set up a repayment plan. Anyone come across this company before they appear to be a solicitor…
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Debt Advice
Please don't judge me, I am reaching out for some help and I would love some support and advice! I got in a right state financially trying to save my business back in 2017/2018. I owed large amounts to Funding Circle and Barclays which were personally guaranteed plus around £75k on various personal credit cards. The…
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Does a default notice have to come with Royal Mail or other snail mail provider?
Hi to all readers; Like many forum members, I found myself struggling to meet minimum payments to
my creditors. As a result of the advice contained in this invaluable
forum, I ceased paying my creditors in August. My plan is to self manage a DMP. I have had some paper letters; lots of emails and some phone
calls…
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So hard to pay back student overdraft with the constant interest charges
Hello, I am wondering if anyone can offer me any advice. I took out a student overdraft over 2018-2020. it currently stands at about £1720. I'm finally in a position in a job where I can afford to pay it back a little at a time, say around £100 per month. the problem is they keep charging me interest at about £40 a month.…
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I need desperate help!
Hi All, I’m new here and after help from those that have been in the same situation and can help me find a way out! 🙏 I started my business before COVID which was a well-being company for corporates. I did most of the services myself, and it went really well. No debt other than to franchise it, which was put on hold due to…
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Capquest CCA Request
Hi All, So I sent a CCA request to Capquest back in July this year. The only response I got was an undated/unaddressed letter about a week later returning my fee and saying they will issue a response as soon as possible. Ive had no further response to my request since. However, last month I got a letter from Capquest…
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Pensioner needs help with Lowell and PRA group
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Tesco bank default help
Tesco credit card defaulted 3 months ago but still nothing from who they sold it to etc i had a text from Tesco to ask to contact on Friday anyone got an advice on this one or any experience dealing with Tesco please?
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Reliance byte unpaid fuel notice
Hello All Has anyone had any run ins with a company called reliance byte? I received a letter a few weeks ago saying I was being charged for unpaid fuel as I’m either the registered keeper or driver at the time, they inside cctv images. I am the registered keeper but was not the driver and the driver is clearly shown in…
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DMP plan & advice
I’m think of going between a DMP or DRO. If I go for DRO, just wondering what kind of repayment I can get agreed. Debts. NatWest: 30k current around £22k. Repay £668 pm Lebdable £5k been repaying £201 since Feb, if interest gets removed it should be currently below £4K. Repay £201 pm Novuna £5k Repay £150 since Feb 118 £5k…
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Default removed from credit report earlier than expected
A personal loan, originally with a bank, was sold to a debt collector who have sent various letters including a settlement offer of 90% discount (10% to pay). The date of default according to my Transunion report was 6th November 2018, so i was expecting it to drop off in about three weeks and become statute barred. I've…
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