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About to begin a DMP with £53k of debt.
Hi everyone, I posted a thread a few months back discussing my financial difficulties and the solution was to hammer my credit cards before the interest periods started. Whilst I have tried to do that, our mortgage has now gone up an additional £300 a month and we have had to replace our car. The interest free periods are…
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Can I do a DMP?
Hi all, I’ve been reading through the forums and was hoping for help
as I’m getting so much worse with stress. Between my mental health and Covid my spending spiralled out
of control resulting in this stupid and insane amount of debt. I’ve copied
across a SOA which is solely my income and bills/debt. I live with my…
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Final offer to wescot
Hi I owe wescot/cabot just over £1000 for an overdraft, I've been paying a minimal payment to wescot for around 6 years now, Santander have sold the debt to cabot who are letting wescot continue with the payment plan. To be honest I want it gone, I've only got them and very to pay off then we are totally debt free (…
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Lowell/London Scottish Finance
Almost twenty years ago, I got into a lot of debt through my (then), wife's drug addiction, we were even made homeless. One of the debts was over £8,000 on a credit card. We split and I eventually began to rebuild my life, even to the point where I met someone else and we've now been together for 18 years. In 2008, London…
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Could being made redundant help with my debts??
Hi Posting as a panicked newbie here... We have been offered the opportunity to apply for or voluntary leavers scheme and I have submitted a request to be considered (I don't have to sign it but after a bad day finally pressed the submit button!). The background is that I have been there 16 years, I am good at my job (I…
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In process of setting up S/C DMP - advice needed re NatWest affordability complaint
Just to introduce myself, as I think you will be seeing a lot of me around these parts! Apologies in advance for the War and Peace introduction and questions! I did a DMP with StepChange a decade ago, which was very successful and they helped me get a mortgage when I was selling the family home during divorce. It was the…
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Later stage of DMP - next steps?
Hi all, I'm hoping to get some sage advice from the hive mind - I'm a newbie here so apologies if I'm posting this in the wrong forum. I've been in a DMP for the best part of 15 years after managing to face up to the damage done by gambling addiction. At the point it started I was working full time and my wife was looking…
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Tesco default query - similar issues?
Doing a self managed DMP which is going well with 3 cards But my Tesco was defaulted momths ago but still not been in touch with any letters etc so I have ignored them anyone had similar issues?
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Capquest
Hi, I'm new to this. I received a letter from capquest today telling me that they have taken over a debt and is now there's, I can't actually remember the debt as according to the letter it's from 18 years ago for £2000, any advice would be great.
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Help with Debt...What can I do?
Hi, Finally,have found the courage to talk about debt, after reading threads on this forum that I am not alone.Thank you all for sharing, it really helps someone like me who felt weak and ashamed to be in this situation. I will try and keep it very short :) I have accumulated debt of 33000 in credit cards. I am not…
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Merged: Debt nearing statute barred
This discussion has been merged.
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Please advice for letter explaining mental health
I am about to send a letter to all my creditors explaining my situation and I wonder if you can give me advice on it and see if its correct or if there is anything you would add or change. I have ask my mental health team to fill in the DMHEF form but while I get that sorted (you know the NHS can be slow) I wanted to send…
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Moved: Self-managed DMP or ‘just keep swimming’?
This discussion has been moved.
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Loss of income due to bereavement and outstanding credit card bill
My husband has just died and left me in a financially precarious situation. Until I can get a job I have no income at all apart from bereavement support allowance and hopefully £250 pounds per month from his private pension when it’s sorted out. I have £2500 outstanding on two credit cards which I was due to pay off this…
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Seeking Advice on a Vehicle I am in Debt for....
I purchased an electric vehicle in December 2023, for which I took out a £9,000 loan.Unfortunately, a few weeks ago, the car broke down and has since been inspected by multiple mechanics, including the manufacturer, Renault. Both independent mechanics who examined the vehicle before Renault stated that the issue should not…
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Seeking Advice on Sending a Letter to Request Debt Write-Off
Hi everyone, I’m looking for some advice on how to handle a really difficult situation. I’ve written a letter explaining the circumstances surrounding my debt, which was incurred during a period of severe abuse in every sense of the word (unfortunately) where I had no autonomy or control over my financial decisions or any…
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SOA Advice
Hello, This is my SOA, I have an appointment on 4th Feb with Citizens Advice to apply for a DRO - Should this SOA be adjusted in any way? [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 3Number of children in household.........…
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Difference between LBA and Claim form
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Dmp
Hi no judgement for this please I have been on dmp for about 6 years and had about 20 k left. I have run up further debts and added them to my plan which I can clear all in 8 years. Step change have been brilliant as always but I’m having sudden pangs of anxiety thinking that I’m now going to be took to court and my new…
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Thank You!
Following on from my previous post just wanted to say a huge massive thanks to @sourcrates @fatbelly @RAS and @Manyways So all of my credit cards have defaulted, all have been sold on accept HSBC it looks like they want to hold on to the debt for as long as they can, dont know if this is usual but they are the only ones…
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