-
DMP length
Our current DMP for joint debt with my husband of around 28K based on our current budget paying out £100 a month will take us near on 30 years to pay off. We took out the DMP last year and intended to up it with our budget review this year, however cost of living crisis and our mortgage almost doubling that isn’t possible.…
-
Newbie looking for help
Hi All, Thanks for taking the time to read my message, I have accumulated a lot of debt and I'm at the stage where I don't know where to turn to make a start on the road out of it. I am a single Mum on a good salary and I am overwhelmed with the debt management plans, Trust deeds, remortgaging options! I would really like…
-
Moving direct debts to a different account for them to default
Hi all I am really new to this I’ve managed to rack up some significant debt (loans) and now feel I’m in trouble. i’ve read lots of threads on here and I feel relieved I’m not alone even though I felt so isolated. I was looking into getting a DMP, but then see threads saying that you should let your accounts default first,…
-
Graduated in 2004 (Eng) - been ill and out of work since 2006
During 2006-2024 I was on sickness benefit and unable to work due to a long-term illness diagnosed early 2006. Since the beginning of this year my health improved after a change in meds/ lifestyle. I started working again in July part time (approx 12 hours a week) and I recently moved on to Universal Credit. I'm in a lot…
-
Catalouge Default sold to Mortimor Clark
good morning all, i recently recevied a letter from Moritimor Clarke stating that they are going to apply for a CCJ on a simply be debt. i was in dispute with J D William (Parent Company) at the time and had a successful claim for unfair lending and balances reduced by the FOS but J D william wouldnt play ball with a…
-
Bit of advice needed
Since getting my inheritance i've made a massive effort in regards to getting my debts under control. I've paid off £35,000 worth of debt and have the pictured remaining. Ive managed to get two natwest credit cards with excellent promotional offers and would like to know what the best next step is. Im thinking of. Im…
-
Cabot financial
Self managed DMP. have debt which is now managed by cabot. I didn’t fill in an SAO when i set it up 12 months ago. They now have been in contact a few times saying i have 30 days to complete a review. I have no intention on filling in an sao if i can avoid it. Does anyone know if it’s necessary? thanks
-
DRO
So after being advised by Stepchange that a DRO is the right choice my husband and I are going through the process individually with Money Wellness and I have to say that so far we are not at all impressed! It's all done online, which is expected nowadays I suppose however it is the most confusing system and when you try…
-
Wright Hassall chasing debt from 5 years ago
Hi all, My dad recently received a letter from Wright Hassall about a balance of £5,368 owed to Cabot Financial. Although my dad wasn't very responsible with his credit, I don't recall him incurring this kind of debt so I was minded to request more information on this. However, when I logged in to the WH portal, it showed…
-
Mental Health, Debt and Neurodiversity
Hello there folks, Third attempt at writing this... hopefully this will make sense to someone somewhere! I am 44, recently diagnosed as autistic and need some guidance on staying on the straight and narrow and was wondering how other people managed it? It has dawned on me following chats with my counsellor, StepChange and…
-
Cabot Financial incorrect default date and subsequent CCJ
I did post this on the Legal Beagles forum but have had no replies, so I thought i'd pick the cranial collective here :-) NewDay applied a default to my credit file with an incorrect date. This complaint went through to the Financial Ombudsman who agreed with me that the default should have been applied in March of 2018,…
-
Newbie here - advice needed for clearing up our joint debt
Hey everyone, I am new to this forum so any help or advice will be more than appreciated. My wife and I have got ourselves into debt (just short of £50K) on cards and really struggle to make it all meet each month. We have not faulted yet but are currently getting deeper. Some personal changes are due (me a pay rise in…
-
Advice needed please.
I’m think of going for a DRO or DMP. Just wanted to know a few things. For current debt do I state the amounts taken out, the amounts paid/current balance or total due with interest? Eg loan £5k, current balance £4,500, total due over 24 months £8.5k which do I write to StepChange? Currently I have informed two of my…
-
Dissolved company charging order
I have a charging order on my property for £2666 There is no named liquidator to contact and the company is dissolved. I applied to the court to have they charge removed they have sated they can not because it has not been settled I need to contact land registry who have stated they also cannot as it has not been settled.…
-
Defaults
I have recently had a default put on my credit report from marbles and possibly have another from hsbc next month, I called vanquish to today to try stop another default as my score has dropped from 900 to 233 with only one default so far so it’s wiped out everything I built up which isn’t great. What’s the best thing for…
-
Old CCJ settlement discussion breaks down, what happens next?
I phoned the current owners of 2 unsatisfied CCJs from over 10 years ago hoping to settle at 10%. I had not heard from these people for several years. I have not made payments for over 10 years, if at all since the CCJ was issued as I had no income at the time. My offers of 10% were refused. I can understand that. I need…
-
Debt questions around DMP
Hi All, I've had a good read on the forums and feel more clued up on what I need to be doing, so thanks for the knowledge shared. I do have a few questions though if some kind soul could help with. 1) I see most saying run your own DMP rather than someone else and understand why regarding defaults/building funds and…
-
CCJ and debt default help.
Firstly, apologies as I've posted this on the CCJ forum and now realised that It should be on this forum instead. Can I delete that post? A few years back I got myself in a mess mentally and financially. I did what at the time was I felt my only option and buried my head in the sand. Fast forward to this year and I've…
-
My partner's debt
Hi My partner has credit card debt of around £9,000, but it could be more. Whenever I bring it up, he gets extremely defensive & clams up. Even though he's previously told me that he's paying off £500 per month, whenever I ask him the balance on his card, the figure seems to be increasing. He just doesn't want to talk…
-
Gym debt arc europe
Hi, I joined a gym, and you have to give 3 months notice before you quit, so I quit the membership and didn't go during that 3 month period. Obviously it adds up, and I now have 126 pounds to pay in debt for the 3 months, and I have been contacted by Arc Europe and told that if they don't receive the payment within 10…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
412.3K comments
Most recent: The 365 Day 1p Challenge 2025 by Horki
Today at 2:26PM
