-
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…
-
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…
-
Credit card debt passed on to a agency
Hi Some advice would be much appreciated Opened the account 1996 Defaulted June 2021 - By default I didn’t make any payments to add I received no letters calls emails about the account June 24 letter claiming they have brought the said account and I owe £2000 The evidence available is I paid a further 6 months of £ and the…
-
Default registered 2 years after DMP payments started
Hi, I started my DMP in May 2018 and now six years later I'm finally debt free. I had around 12 accounts that defaulted all within a month of entering the DMP, and these are off my record. However I have one account, Azzuro Associates, that didn't put my account into default until August 2020, despite me never missing a…
-
Mortgage & DMP?
I have £21k of defaulted debts, £6k "not being collected" and the other £15k on hold pending CCA replies. Defaults will fall off in March 2029. My home is shared ownership with my 50% mortgage free and rent & service charge on the other half going up by APR every year. I'm 60, still working in the NHS and am debating…
-
50k plus in debt, trying to assess options out of it!
Hello all, I'm beginning to realise that I'm in way to deep. I can't borrow my way out of this anymore (not that that's ever worked for me anyway) so I'm here looking for help and a way out of this. I've spoken with a debt help agency who've suggested a couple of options (I'm in Scotland so may be different to England)…
-
Help with stayed court proceedings please
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
-
Intrum question.
Hi guys. Right, so... Intrum sent me this letter after i offered them about 25 % of the debt. Makes me thibk they dont even have the initial contact and I was wondering how to deal with it. The debt is from vauxhall as after finding out i have been miss sold the finance dont know what to do. Any advices? If any of you can…
-
Lowell’s & Old mobile phone accounts
Hi, I have contacted Lowell’s because I keep getting letters from them. They have confirmed that the letters are for old mobile phone contract debts but they say the can’t give me any details of credit agreements because phone agreements are done online so they don’t have access to them. They’ve also said that it’s not…
-
90% reduction settlement offer made on credit card debt
Posted on behalf of InDebtHarri Today at 12:49PM Hello This is about a a credit card debt default that happened in 2015, when I had been unemployed and struggling financially for a while. The credit card company (a big bank) were hassling me to accept a repayment plan that was simply unrealistic for under my circumstances,…
-
Wrong address on CCA response
Hello, I'm coming to the end of six years of paying a DMP. I made offers to 11 creditors and agreed settlements with nine of them. Two have held out even though they're currently receiving nothing due to me being made redundant. I requested my CCA and Wescot have provided both this and the statements. The CCA is unsigned…
-
Drowning in (son's) debt - getting desperate
My wife and I are well into our 70s and just about getting
by on state pensions plus a little on the side here and there. We have a
cushion of about 50k in private pension and ISAs which we are trying hard not
to touch, but little else in reserve. Our 45-year-old son split from his wife several years ago
and now shares…
-
Moved: 0% Balance transfer query
This discussion has been moved.
-
24k credit card debt - help, sanity check
Hello, I'm in dire need of a sanity check with regard to my debts, please ... I stupidly built up just under 24k in credit card debts over the last 7 years, and last year following a nasty divorce and the death of my parent I started struggling with making minimum payments. I was in denial for a while and I kept…
-
Are these companies the same one?
As a silent reader here for over a year, I have taken the plunge and joined. Thanks to everyone who posts their questions and to all those who reply, you really help us silent readers. I have/had four really old credit cards. Paid these for many years, then did the usual robbing Peter to pay Paul for years and then had to…
-
Huge Tax Bill - Very Naive - Need help - Struggling to keep head above water
Hello everyone, Please be kind because I know I'm terrible at finance and I don't know what to do. I just received my corporation tax bill and self assessment and I need to pay £14k by end of Jan 2025. This is just not doable in any shape or form. I'm self employed and last year I had a brilliant year! I had 7 clients and…
-
PayPal Credit in default but no longer on account?
I'm helping my partner settle out some debts and his credit report shows him owing PayPal Credit but when we've logged into the account, there's no balance showing. How do we go about paying it off? I'm guessing the debt has moved to a recovery company but we have no idea who it would be.
-
Help and advice regarding credit card payments
I am 64 years old and suffering ill health . When I was in well paid employment I did loads of balance transfers - I have 5 cards and my husband has 5 ( although his are manageable) . All my 0%offers disappeared - my employment has changed and all the cards are charging interest. I just manage to cover minimum payments but…
-
Can’t get 0% card
Hi I want to pay my credit cards off quicker, but I’m unable to get a 0% card to transfer my balance as my card debt is over 70% of my card limit. Both me and my partner working, no other debts apart from mortgage, no missed payments, high credit score. Spoken to both credit card providers and neither will help by giving…
-
Change 0% Credit Card even though over a year left?
I currently have two 0% cards I am paying off, they have about £11,000 split on both of them, but next summer when they both expire I expect to have around £6,000 left on them. I have seen MBNA have a 0% cards which runs 29 months with 2.99% fee. I am wondering if I should try to consolidate both those cards into this one…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: All change for 2025 by pennywisepoundstupid
Today at 7:47AM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.