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New to DMP - is it likely to affect employment?
Hello, I've been scouring the forums for a long while now. I recently reached my limit with debt, under the realisation that I'll never be able to clear it with the ever increasing interest rates and my reliance on the use of any and all credit to get by each month. I took the plunge and finally reached out to a debt…
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Good morning looking for help re a debt
hi there hoping for some advice, i have just had a default put on my crerdit file yesterday from JC international acquisition. They said its to do with an un returned SKY box from 2021. I sent this back when i closed the account and heard nothing however they say they cant remove the default without proof of postage which…
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Can we avoid a DMP?
Hello Everyone, We are in a bit of a mess. Years of not looking at what we are doing, along with a few disasters has left us in a sorry state. We are at a stage where we have to get this sorted. We are both in our early 40's and we don't want to enter our fifties with this mess. If possible we would like to avoid a DMP or…
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Just some general advice to get me started greatly appreciated
Hi, So I’m in a heap of debt, a bunch of credit card and loans. Although all my payments are up to date and i make at least minimum payments on the cards every month it feels i am at a point where i just can’t go on spending valuable income servicing debts every month. It is making other aspects of my life extremely…
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Barclaycard - PRA
Hi, my Barclaycard defaulted a couple of months ago, when barclaycard sent confirmation of the default, they said they had sold it to PRA and provided their contact details. I haven’t heard anything since although had a notification today of an update to my credit report, I don’t take any notice of my credit score but the…
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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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I am swamped in debt- HELP!
hi guys, happy holidays! I am a long time lurker in the forums, but decided this is the day i sort my ish out- this will be a long one, so setttle in. I am a homeowner, in negative equity (bought in 2020), in a fixed rate until feb 2027. Payments are high - didnt have a great score, but on my previous earnings it was…
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Statement of Affairs
Hi all, I have been a passive viewer of MSE for some time now but thought I should now become an active member to gain as much useful insight and helpful suggestions. Attached below my SOA. Some background info. Our household is currently myself, my wife, our 2 year old, our 2 month old and our dog. I am in full time…
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Is there a way out of this?
Hi! This is my first time posting, I am absolutely desperate for help/advice! My husband and I have been in a continuous cycle of debt for years. We have had family help us numerous times by paying off loans and credit cards. This time 4 years ago we were debt free before we purchased our shared ownership property. We…
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CCJ Redetermination Hearing - what to prepare/expect?
Hi, I have a CCJ Redetermination hearing later this week and I just wondered what I should prepare and what I should expect, can anyone advise? It's a long time since I requested the redetermination (CCJ was awarded last March, court didn't read my income/expenses info properly and so put in place an incredibly high…
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Swapping Plans
Hi all,Happy New Year. If you are part way in on a DMP, can you stop it and go into BR?thanks.
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Can't Find Account Number for DMP
Hi all, Hope you are all keeping your chins up at this time of year.I am filling out account numbers etc for a DMP with step change. The issue is that paypal only use email accounts as the account number. this is world wide and of course the box on SC will not allow email address to be entered. has any of you good people…
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Small Debt advice
I've just gone through a difficult divorce. I'm on a fairly low income and have very few options for borrowing money but I'm managing. I've had to really fight to get a decent settlement from my ex. Basically it's meant that I've used all my savings (I'm about to withdraw the last 7k) and I'm left with a bill from my…
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Cabot - wanting more!
Hi I have been paying a debt to cabot, for many years. The debt is probably 12 to 13 years old. The debt has passed through many debt collectors in that time, however recently cabot have sent me letters asking me to increase the monthly payments, which I admit is not a great deal. The letters are increasing, I'm getting 1…
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Stop Spending! Article Discussion Area
This thread is specifically for discussing the How to stop spending article. Questions and comments on the demotivator tool itself can be made in this demotivator discussion. To discuss the article or ask a question: click reply
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ADHD Debt - Millennial Learning to Change Relationship with Money
Hi people, I was speaking to a friend about how we each first got into credit card debt and it came to my attention that I wasn't the only one who was 'convinced' into getting a credit card that spiralled into years of stress, grief and many creditors hanging over my head. I remember going in to pay off my overdraft in…
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Paying debts with pension
After having severe mental health issues this year with a drop in wages due to dropping to half pay, i find myself unable to cope with my debts. I want to get some of my pension out, pay my debts and then pay extra into my pension to make up for this. It causing severe anxiety and i am actually struggling to cope. One of…
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Debt collectors chasing old debt
Back in late 2018, early 2019 I wrote to all my credit card companies asking for confirmation that the debt was enforceable under Sections 77 to 79 of the Consumer Credit Act. Most of these companies failed to respond at all so I stopped paying them. I did write to explain why. Two companies did provide this information…
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Additional payments to DMP, or save?
Hi All, We were in dire straights in the Summer - £40k+ debt and not a clue where to start. We have combined our finances fully and now managed to pay off over £7k thanks to DMP with Payplan, and are in a much better place mentally because of it! As of Friday, I have paid off all my debt which wasn't included on the DMP…
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Lowell mysterious ccjs
Hi all, I need some advice please .. National debt line felt my 4 very old debts were statued barred but it turns out 2 must have been short or what I think Lowell are saying is that the a ccj was applied, which I never knew about. I've never had a ccj showing regarding these 2 accounts or received any court papers etc. I…
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