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Default closed - Reopened as new loan
Hi All Bit of a strange one as I can’t seem to find any information of this. I had a loan through a Credit Union which I defaulted on 5 years ago and it became a CCJ around the same time due to my past negligence with finances. I figured out a payment plan with their solicitors and have been paying it off since and haven’t…
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Zopa ignoring complaint
Hi all, I registered an affordability complaint with Zopa due to an incredibly high loan they offered me and was approved for in an instant and in hindsight is not at all affordable and leaving me in a financial mess towards the end of every month. I sent off the complaint email on the 27th June outlining my complaint, I…
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Debt stressing me out, can't sleep!
Hi everyone. I'm after a bit of help! I have some debt that I would like to pay off, it's been stressing me out and I really just need help on how best to approach this. I have a tumultuous relationship with money and really just need some guidance on priorities and how to organise things. I have no idea what I'm doing at…
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Debt Advice - What is the process when defaulting and setting up a DMP?
Good Evening, I am seeking advice on what to do next with my personal debts. They total around £30,000 and I cannot afford my repayments at all at any longer. I was initially in contact with Stepchange, I applied for 'Breathing Space', which I realise may not have been the best thing to do but this ends on 01st August…
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Query in relation to a default not showing on credit report
Hi Folks, I have a query I hope that you can advise with. I commenced my self-managed DMP journey in August 2024. I had nine creditors and all but one have defaulted. Some
payment arrangements have commenced with the companies that have made contact.
In my case, Lowell have bought two of my accounts and Cabot has bought…
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CCJ applied for but not obtained
Hi I am back and forth with Cabot re a couple of old debts of my husbands that have just come to light (severe mental illness led to him racking up debt without me knowing). Both over 6 years old, I did the statute barred letter and the reply was that they weren't statute barred due to court proceedings initiated. One of…
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Debts and Broadband
Hi, Sorry if this doesn't fit in with this topic as it probably could link in to many others but here we go:- So I have been trying to obtain broadband and thought that I would go with BT. I tried to place an order at fist but was unable to due to being still with Sky ( although was already told I would be disconnected…
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Link financial
I have a credit card debt that was passed to Link Financial some years ago. As this was an old debt, I asked for a CCA request and they responded in writing to let me know they didn't have the paperwork and therefore the credit agreement was unenforceable. “but we can still contact you in relation to the outstanding…
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Had an Email and unsure if scam
Hi guys, so I have had this email but when I try to search for the company I cant find a website or anything for them. When I search them I get the Google AI talking about First Enforcement but not these. Also the email address in hancockfirstdebtenforcement@gmail.com when usually it should be the persons name @ company…
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More going out than coming in!
Hi, I'm looking for some help/advice. I'm new here first time posting, I've filled in a s.o.a. as best that i can. I've seen that's what other threads have suggested but didnt want to hijack someone else's thread if anyone can have a look and offer advice would be greatly appreciated. Also not sure if I posted in the right…
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Very old debt’s & guidance on how to deal with it? (UK)
Very long story short - 20yrs ago I bought my house and funnelled everything into renovations. After savings dried up I took out loans to finish certain aspects off. Within 9 months I’d had to give up work & eventually lost the house etc. I was unable to pay the loans (they weren’t secured on the property) & they were…
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Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
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Trying to Break the Cycle and Get Debt-Free
Hi all, TL;DR:Civil servant earning £2,379 net per month. Around £1,100 of that goes to creditor payments (all unsecured debt). Struggling due to neurodivergence, poor mental health, and increased financial responsibilities after losing a parent. Some lenders have been supportive. Others, like My Community Finance, are…
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Full and final settlement
Myself and my soon to be ex husband have been in a self managed dmp for 6 years. His business went into liquidation in 2013 and we got into £75k of debt that is made up of 8 credit cards and 2 overdrafts. These were all defaulted in 2019 so no longer appear on our credit files. One of the overdrafts which is on a joint…
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SOA help
Soo.. after my last post I made the first step and attendees CAB this morning. They have gave a pack and asked me to do an expenditure and collect all evidence which I’m in with now… I was wondering if anyone had thier SOA for me to look at. I obviously haven’t had to do this or budget properly for a long time due to…
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Struggling to commit to a DRO
Long story short I’ve spoken with Citizens Advise and I currently qualify for a debt relief order but I’m worried about the consequences it will have on me moving forward. I’m currently out of work and will struggle to get a job for at least a year because I’ve just been given a community order which is a criminal record…
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Letter Of Claim from Kearns Solicitors
Hi, After some advice on my next move. I've received a 'Letter of Claim' today from Kearns Solicitors for a loan I originally had from Lloyd's in 2012 but was then assigned to Link financial in 2018. They have provided a reply form which has 4 sections. The first section being 'Do I owe the debt'. I know had the loan and…
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Advice on defaulting
My husband and I have realised that we can't carry on the way we are and need to tackle our debt. It is about 45k between us (husband has 2 personal loans, about £10k each, I have CC £12k, then various other smaller debts). It's got to the point where we are having to use CC for food etc as our disposable income has to…
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Moved: Family Loan to Purchase a Property Outright
This discussion has been moved.
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Should I default before a DMP will this affect my work?
Hello, I wonder if you can help me I was going to start a DMP before I came across these forums tell people to stop paying and default first. Just some questions as this scares me cause I’ve never missed a payment but most my wage is going on debt so need to do something. First if I have 3 loans what if one defaults first…
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