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Scared more debt whilst on DAS!
Hello. I’m new to this site and can see there has been a discussion a few years ago about the same topic re: I’m already in a debt management plan and yes, you guessed it…. I’m in a lot more debt again but scared to tell DAS. I can’t bare the thought of bankruptcy. I’ve been suffering with depression for a long time now…
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22k debt, should I go with iva? help pls
Hi hope you are all well. Im 27 and I have around 22k worth of debt from owning my own business the past 8 years (bounce back loan, credit cards etc) I tried everything to keep the business going and it just wasn't happening. So ive since stopped trading and got a part time evening job in Santander. Obviously im struggling…
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DMP - HONEST OPINIONS?
Hi all, I have found myself in a bit of spiral with several missed payments on 3 credit cards and a bank loan. This started earlier this year when leaving a former employer (who decided as a parting gift to only pay me about 25% of my monthly salary) before this I hadn't missed a minimum payment for 3 years. Admittedly I…
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PayPal credit debt and credit file
Hi, Just for a bit of background I suffer with various mental heath conditions and was sectioned in hospital for several months, twice last year following a series of bipolar manic and depressive episodes. During the biggest manic episode I ended up with a very large amount of debts and whilst in hospital my care team and…
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IVA or DMP
Hi
everyone, I have
approached the above concerning just over £10,000 worth of debt varied from
credit card, loans, overdraft, purchase credit. The
following options were offered to me to help me hopefully clear up the
outstanding debt, would be keen to hear your thoughts on this: * IVA - £100 per month for 5 years * DMP -…
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Help with Debts & DMP
Hi all, I am new here and just looking for a bit of advice. A bit of background I didn’t bother with credit until the loss of my parents in 2020/2021 - I lived and cared for them. I started getting small credit cards and a few catalogues throughout 2021/2022 this amounts to around 6000 in all Last June I took out a loan to…
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Settling old debts
I have four old debts. All defaults have now dropped off. Three out of four were writing to me offering to settle at 20 percent. Meaning an 80 percent reduction. I might ask them for the original credit agreement and cease all contact. Can anyone advise?
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Bringing down debt, where to place the focus?
Hi everyone, long time lurker but now signing up for some tips and advice to reduce this debt hanging over us as it's really starting to irritate! Quick overview - £34k debt on a self managed DMP, around 3.5 years old now - F&F offers starting to come in with around 50-60% discounts so hoping to clear this for around…
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CCJ defense advice - heating engineer claiming against me
Hi foks, hope this is the right forum - let me know if it's not. I have a bit of a petty saga which has been going on for nearly a year now... I had a heating engineer come and do a few jobs, two of which weren't done as per the quote (which had some pretty ambiguous wording on it) and while I paid up for the work which…
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Virgin Money debt sold but no default?
Hi all, Self managed DMP, slowly getting all the defaults… Received a letter today that advises Virgin have sold my cc debt to capquest. I received a default notice back in January from Virgin, but the actual default has not appeared on any of my credit reports yet, nor any confirmation the account has defaulted. However…
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Zopa loan sold to Cabot
Hi Everyone. Letter today for my defaulted Zopa loan saying they have sold it to Cabot. Not yet set up any repayments to this as I was awaiting letter rather than telephone, email, text demands. So now I'll await a letter from Cabot. Is this right? Also should I send Cabot a CCA request, like I did with PRA group who…
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Credit Card Debt - Now living Abroad - What to do?
My daughter is a UK citizen ( at the moment ) , UK bank account, but has worked abroad quite a lot in recent years. She has a UK credit card, with not the best of rates. She does 1-2 year stints as a nanny mainly working in the US & Canada depending on Visas. She is now in Canada, still working as a nanny which is fairly…
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Moorcroft - partial settlement offered on buy to let mortgage debt
I have received an offer from Moorcroft to partially settle a buy to let mortgage debt at 30% with a lump sum after using a company to negotiate on my behalf (Bell and comp). The mortgage was with The Mortgage Business ie TMB. It seems that Halifax took over TMB and passed the debt to Moorcroft. I have a current account…
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Balance transfer limit pretty useless
I took Experian’s advice and applied for a balance transfer account with MBNA. I was accepted then told the limit on the transfer is £500. No good to me, with a need to transfer £4,600. How do I find out how much a CC will allow me to transfer before committing to an application and how do I stop MBNA setting me up with a…
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Martin Lewis warns council tax debt collection is 'so aggressive it'd make banks blush'
Aggressive council tax debt collection practices – even after missing just ONE payment – are putting up to two million people at risk of serious harm, new research from charity the Money and Mental Health Policy Institute (MMHPI) has found. The charity's chair and founder Martin Lewis has called for Government action and…
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Last chance saloon before insolvency.
Hi everyone, I have been a very long time Lurker on this forum, and have used it for guidance and advice when I have had previous half-hearted attempts at sorting out our debt problems. today, for the first time ever I have sat down and I’ve completed an SOA. It doesn’t make for pleasant reading but I keep reminding myself…
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Settling credit card debt
Hi, I have £25,000 unsecured credit card debt over four cards and of this £19K has defaulted and these defaults will be two years old in November 2024. My credit report is only showing 19K of this debts and they all date to a similar time. I wonder why the other credit card (Virgin) isn't showing up? None of the defaults…
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Cabot Financial --> Orbit doorstepping and advice please?
Hi all, with much thanks to this forum over the last 10-15 years we've managed to sort out many of our old debts mainly credit cards. The only one really left is a Yorkshire Bank account sold onto Cabot years ago and they were terrible to deal with but in the end I said all I could afford was £1. for all that time the…
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Saving to pay off mortgage earlier.
Hi guys. So, currently my outstanding mortgage is 118k and it was a 28 year term when I took it out in 2022 (aged 41). Back then I was paying 375 a month, though that has now increased to 689 since the 2 year fixed ended - the rate was 2% on the first 2 year fix term, while since March the rate is 5.02% when I started…
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PRA group and Barclaycard
Hi. I have been reading lots of your great advice on this forum. I have taken aboard and having cancelled debts in Dec 2023, most of my debts are starting to get defaults. I was going to go through Stepchange and go with a DAS. However I have decided to go self managed DMP as I feel I would like to try and pay of debts…
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Most recent: Awesome August's No-Spend Days Challenge! by Dizzycap
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