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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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Debt and severe mental health - write off
I posted a while ago asking if debt could be written off because of severe mental health, I was ready to take my own life due to debt. I had help from debt advisor who took my case and my psychiatrist sent in the form and letters. I had huge debts with 8 companies. 5 have agreed to write off my debt and I have 3 to hear…
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DMP?
Hi All Sorry for the long post but I want to give as much detail as possible. I have started my own business and unfortunately it looks like it will not make it. I have a start up unsecured personal loan with £24000 outstanding and a business loan with £12000 outstanding which is personally guaranteed. So currently £36000…
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Moved: Child Maintenance & Mortgage
This discussion has been moved.
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cca request?
hello everyone so my debt has been sold to a company called lowells and they are now chasing me for payment is this a good time to do the cca request or should i hang in there until these guys sell it again many thanks steve
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50k Unsecured debts and can't see any way out.....
Evening guys. I hope you are all well! :) It's been a while for me on here with my last visit being back in 2009 during my bankruptcy where I was helped through that by lots of very helpful people who no doubt are still active on this forum. You'd think I'd learn from my past mistakes but life is cruel and sometimes things…
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Just started a DMP what now ?
Hi. I’ve just paid my first payment to StepChange. I have £42,000 worth of debt to pay off at and it’s going to take many years. Reading through the threads today, I’m wishing I stopped paying my direct debits a month or two before I started a DMP. I could have paid off my store card and overdrafts with the money I was…
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Ccj settlement
Hi Just trying to understand if I have a ccj from a credit card. which is now owned by reston solicitors ccj is from december 2022 and the default for this was made 2021 by Cabot financial. I have no other debts or marks on my credit file. They've recently emailed me asking if I would be interested in an early resettlement…
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Moved: County Court judgments sent to wrong address
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dmp or iva
I am self employed and my income has been pretty steady for the past 2 years, I have £22500 debt from credit cards and a loan which so far i have been paying just the minimum on everything but it has squeezed and squeezed my income and i am getting nowhere. I have no savings as I was using them to top up my income when I…
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ccj
Hi all, When a company sell's a debt that has a ccj on it, Does the new company have to go back to court to change the ccj?
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Laying it all out.... time for change
Hi, I've lurked about this forum on and off for years, not been on for a while but here we are looking for advice and help. Hoping this post will keep me focused. I'm around £35k in debt. It's across several credit cards and all at 0% interest which I juggle about when they run out. It's spiralled over the past few years,…
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Bamboo/Next step
I’m after a bit of advice please. Stopped paying debts last November, creditors defaulted in June this year and DMP is going well paying what I decided to pay to whoever bought the debts. Only one of the creditors, Bamboo loans, have not sold the debt or have been in touch with me , despite the fact they also defaulted in…
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The emotional toll of a DMP?
Hi There, I never ever thought I would be in the position where I am right now. i am now a few months into my DMP everything is playing out as expected, savings/defaults/debts being passed on etc. the process I get and I am on the road to recovery but it’s a long road. I have an amazing wife who is standing by me to put…
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Waiting for Defaults
Hi, I'm waiting for 5 debts to default. I have just not paid them and ignored them so far. What I am waiting on is a letter from them saying I've defaulted, then I will offer them £1 token payments by standing order. Do I just wait until that happens, unless I get a letter before action? Should I send them a letter saying…
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Moved: MBNA credit terminated with immediate effect?
This discussion has been moved.
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CCA/Mortgage Advice Needed
Hi All Thanks to the advice given on this forum I have had a DMP for 6 years and after a house sale finally am in the position to request settlement figures. After going self managed, I asked for CCAs and to my surprise 6 creditors haven’t produced it yet. Of the others which are enforceable, most have settled at around…
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Next step in self managed DMP
After getting some great advice on this site I stopped making payments in September on my debts that I could no longer manage. I have been sitting tight waiting for them to default which they are (some faster than others). One of my debts was with American Express who have sold the debt onto AIC, I have read some things…
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