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What’s the best debt solution?
Hello, I’ve tried to do an SOA and confused myself thoroughly so I thought I’d just begin. Up until very recently I was poised to go into an IVA. My financial circumstances have changed drastically and I now have more income than I thought. My partner’s finances are separate to mine, and have to stay that way because of…
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Sleep managing hsbc hesitant blip help
Hi all, My husband and ibad debts of 42k and in 2022 started a dmp for 18 creditors. We didn't read this forum and didn't know aobut waiting for them to default but we through sc in 2022 This year we requested ccas, SC kindly put the creditors 5 x link on hold while we waited for them back. Then we got them back bur…
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Overwhelmed by debt - Progressing down Default and DMP route - Advice and help needed
Hi, I've not had a good relationship with credit and debt throughout my adult life, initially starting around 15 years or so ago when I got into a catalogue and payday loan cycle following me and my now wife renting our own house and having children quite young and not knowing any better. We got out of this with the help…
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No Default on credit but a threat of CCJ
Hi. Hope someone can help me. I have been reading up on the forum regarding debt and paying off some monies that I can afford after being defaulted. 2 of 3 debts have become a default on my credit file. However, my NatWest debt hasn't defaulted. I have rather received a letter threatening me that they will do a CCJ if i…
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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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I'm a little confused with ACI
I am a little confused with a debt that I am currently paying off, it was oakbrook loans and the debt was passed on to ACI. This is where I am slightly confused they don't appear on my credit file, I had letters from them in the past which have been Mr instead of Miss so slightly confused with that also as my friend who…
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Bank details for moorcroft?
Hi does anyone have the bank details for moorcroft. Every other dca has their bank details clearly on their website. Trying to set up a standing order for a self managed dmp. thanks
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Does a guarantor transfer when a debt is sold?
My daughter recently completed her first year at Uni where she stayed at a halls, and I had to co sign her contract as guarantor. She met her boyfriend who lives and works locally soon into the course and when she finished year1 they decided to flat share together in year 2, and they went staright ahead and rented from…
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Exiting DMP before mortgage application
Hi. Firstly unaware if this should be here or the mortgage section so please feel free to move if it is more relevant there. I have been in an active DMP for over 6 years and now looking for my first mortgage. I wish I had done more research into the effect the DMP has outside of the defaults as I would have gone…
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Does VeryPay have a contact email?
Hi there, I'm currently in the process of paying off all my debts and one of the only ones that I need to contact is VeryPay. I have around £600 on a store card, half of which is "buy now pay later" which I intend on paying next week. All the contacts I can find for Very appear to be via mobile, which as an autistic person…
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Title: Starting a DMP but Debts Defaulting at Different Times – Worried About Legal Action (Joint De
Hi all, We’re looking for some guidance about starting a DMP and would really appreciate some advice from people who’ve been through it. Our joint unsecured debts total just over £130,000, and they’re all at different stages, so they’re going to default at different times. Our original plan was to wait for each one to…
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Link Financial - Father Deceased
Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?
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50% reduced payment offer - should I accept?
I ran up a lot of debt during the pandemic as I was self employed as a limited company director, worked in the performing arts and therefore lost all my clients as the first lockdowb started, and apart from a couple of ad hoc jobs was claiming UC (without housing element) for the next two and a half years. I managed to not…
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Defaulted notices
Hello, I have now received default notices from 3 of my creditors be NatWest, 118118 and Updraft. All asking me to pay a specific amount by end of October . I will be leaving the country in few weeks time. Do I have to write to them back or wait for more letters? I have also set up a new address for them to send letters to…
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Fork in the road
I have a dilemma I'd like to get some knowledgeable thoughts on. It's a development from my previous thread. I have unsecured debt, circa £50K, and had to leave employment due to ill health. My monthly income is therefore around £600, as I am currently on ill health benefits. It's reasonably likely that I will be unable to…
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Debt Management Plan
Good afternoon all, I hope this finds you well - sorry if i have not posted this in the correct place. I have broken up with my partner for the right reasons, however we had credit card debt which was solely in my name so now i am lumbered with it all. It's around £40,000. These are made up from several credit cards. After…
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Quick Query pls re: defaulting/not paying and contact with creditors
First post :) last month I reached a decision that action was needed over unsecured debts that have just become too much to manage. I scanned over the threads and have followed all advice and have stopped paying, had no contact with creditors and am waiting for default. I am wobbling a bit on the no contact with creditors…
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In 26k debt, is a career change right now worth happiness over being miserable? 35M
As the title suggests, I am currently in 26k debt, it was just shy of 40k post divorce 3 years ago but have managed to reduce it back to the current amount within just under 2 years. My situation isn't the best in terms of where I want to be. I'm a military veteran and have struggled with my mental health since leaving 6…
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Maximising the benefits from spending
Hi, I wondered whether anyone would be happy to share the approaches to their spending that they use to maximise benefits via apps/vouchers/cards etc? An example of one we were talking about yesterday at work was: Buying Sainsburys Voucher via airtime for cashback shopping at Sainsburys for Nectar points Saving airtime…
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Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
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Most recent: Payment a Day - Chapter 2025 by Keedie
18 December at 10:28PM
