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Capquest debt letter
Afternoon. Newbie here. In July I got a letter saying some company had brought a shop direct debt I have. This was from 2008. Now I don't remember this at all. The only shop direct I ever had was 2014. I needed up paying that off on credit card. Well today I got another one saying I still owe £300 and that some of the…
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Money Moral Dilemma: Should I borrow to help my husband pay off his debt?
This week's MoneySaver who wants advice asks... My husband of just over a year (though we've been together for seven years) has got into £20,000 of debt. It's not clear how, although he's a generous person. I own the house we live in, and told him at the start of our relationship I didn't want any debt in the house. I…
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Coast Finance / Welcome Finance - Secured loan
Good morning, needing advice here as going round in circles. I have an offer on my house and have printed off the orders against the property. I've managed (hopefully) to sort out the ones I knew nothing about and look like interim charging orders but left with original secured loan from Welcome Finance (2004). The copy…
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ARC Europe
One of my debts has been passed on to ARC Europe, but they do not own the debt. I have set up a monthly standing order, but I have been asked to complete a financial statement. Do I need to do this? Many thanks
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Should I rethink my plan?
Hi all. I am in roughly £106k of unsecured debt, but lucky enough to have a high paying job, so…big hole but big shovel. In total there are 8 creditors who I owe to. After months of reading this forum, I thought that a self managed DMP would be the way forward. I’ve stopped payments for two months and am waiting for…
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To DMP or not to DMP?
Hi everyone, I wasn't sure if this should be here or in the DMP area. I have around £11k in debt on credit cards, I can't quite believe that number. My minimum payments are about £500 each month and needless to say I'm struggling. Please don't judge but I went through bankruptcy in 2019 which will be removed from my credit…
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Persistent Debt at 36 Months - Does a payment still count?
Through my own fault of things getting on top of me I've hit the magical 36 months point with an M&S credit card. I've been offered either a payment plan or a personal loan, none of which I want to do. I have some money that will enable me to make an extra payment that before the 36 months would have got me out of…
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CCA'a for accounts less than 3 years old
Hi all, would anybody bother requesting CCA's for accounts that are less than 3 years old and have now gone to a DCA in the last month. I have some 14 + years old that can't produce CCA's, however I imagine that accounts that are less than 3 years old would be able to produce them? TIA
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It all just got serious
Hello, long-time-since user and lurker of the forum. The situation I find myself in needs attention so I decided to come back. I plan on starting a diary to chronicle the journey to becoming debt free (the proper way this time) and posting my SOA to see whether it's possible to reduce outgoings. I guess I just wanted to…
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Information not matching
Account information - opening date: March 2022 - default date: August 2023 Payment history - first reported: February 2021 - default appeared: July 2022 - account has been satisfactorily closed: August 2023, closing balance £809 Do I ignore? am I being thick here
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Reckless lending appeals outcomes.
So I have two reckless / unaffordable lending appeals. Have received two replies from the lenders. 118 118 money have rejected it. So have progressed to FOS Lendable have accepted my claim. Here is their response. Can anyone help me make sense of it. I understand the the overt but also is there anything between the lines.…
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Did Plata take enough information to make a proper decision?
I found myself in a very tricky situation a few weeks ago, and felt that I had to take out a loan to cover the household bills and my own. I mean, it did the job, the bills were paid. However, having come back to the forum and trying to learn and get my head round a few things, and obviously try to get debt free as quick…
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Credit Cards - Close to Default. Will a Single Token Payment Delay it for Another 6 Months?
Hi. I am very close to defaulting on 3 credit cards, that Ive not paid towards for months (though have been in constant communication with card companies.) Things were looking up when I got a 3 month contract in a supermarket. However when I joined I was not aware of the extent of the supermarket’s problems. We were led to…
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Debt from about 20 years ago
Hope somebody can help, I got 2 letters from a debt collection agency. Both from credit cards. 1 letter had a settlement figure of £121.00 and the other for £798.00. Thinking I was doing the right thing by paying one of them off (£121) I long into the portal and paid that bill. I’ve just got an email with the following.…
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Merged: Debt from 2004
This discussion has been merged.
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Debt help
Need advise about dealing with debt after relationship break down debt of £22,000 all in my name Have looked in Iva ?? Is this the right way to go I have no assets no car or house HELP !
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In debt with Paypal
So for reasons too personal and long to explain, I went into a gambling spiral and have a negative paypal balance of approx 2k. I've now blocked access to gambling sites but I just can't afford to pay the debt back and don't know how best to approach paypal over this. I also have paypal credit with a 12 month 0% payment…
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Zopa loans on DMP
Hi all, wishing I had found this site before now! I signed up to a DMP in July before my zopa loans defaulted. I've just received a letter advising my loans are now defaulting. So now that my loans are defaulting will they clear off my credit record in 6 years time or 6 years after I finish paying the DMP? The loans I took…
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Recieved 14 day Judgement Notice
Hi. I have a debt of c£7k with a credit card company and c£5k with another. I've just received a notice that one of them has applied to court for a CCJ against me. I'm terrified as that would leave me in tatters financially. I was diagnosed with cancer last year and although not terminal, it left me anxious and unable to…
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ACI letter of notice - Aqua credit card
Hi i have also received a letter of notice from ACI regarding a debt from Aqua - I have an aqua account that is being paid each month I have rang aqua to confirm they haven’t sold my account onto a debt collector. I have no knowledge of this debt do I send a prove it letter? Thanks in advance
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