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got small compensation from rbs
a few months ago my RBS debt started getting moved backwards and forwards moorcroft said rbs were dealing with my rbs debt, RBS said moorcroft were dealing with it. it went RBS, moorcroft, RBS, moorcroft, moorcroft actually were dealing with it, it was in their back office , so it looked as if it went back to RBS. after 7…
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IVA or DMP please advise
i have £46k debt and can only pay back £200 a month which would take about 19 years on a DMP. Stepschange has suggested Iva and DMP not recommended. They both come off your file after 6 years Iva your house is protected and I won’t get took to court or chased and all be gone after 6 years But I could work a DMP and will…
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Talk Talk facing possible insolvency
Looks like Talk Talk may be in trouble soon: TalkTalk warns it faces collapse within weeks (msn.com)
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50K+ of debt
Hi, I am a long time forum member that has been absent for many years. I am back now and in a right mess. I've just been on a different board trying to get some other affairs in order and now want to post on here to try and focus my mind on paying down the debt. I don't know our exact debt figures, but I know it is upwards…
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Unknown debt payment demand
Today had a notice of intention to take control of your goods letter from CDER group. It states "despite previous attempts to contact you for payment" but no communication of any sort from them prior to this. No idea what this is about, I've lived here over a year. It doesn't give any indication what organisation the…
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Anxious about getting back into debt. Can`t sleep, advice needed.
Hi all, Looking for advice regarding my financial situation please. I recently paid off a huge amount of debt that I carried for nearly 10 years. At one point I believe this was around £25k, a mixture of loans and credit cards. It was a long, painful journey. I was never a high earner (made around £25k up until recently)…
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Should I contact old debt collection agency
A long time ago, maybe 15 years + I entered into a payment arrangement with Connaught Collections and was paying about £150 a month for three accounts they managed on behalf of Lloyds. The amounts were large, about £40-50k in aggregate for the three, if I remember. I have moved house many times so lost contact and no…
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Settlement offers
I defaulted on two virgin credit cards recently, the debts were sold to Capquest and are being managed by Moorcroft. They have written to me offering me a 50% settlement offer on one of the cards but nothing on the other yet. I was just curious about how they decide to offer a settlement and how they decide on the offer…
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Step change question
I have recently left a very high paying job due to stress/my general health. My new salary is less than 50% of my old one, but my healthy is improving. We have a number of debts and are struggling with the monthly repayments although so far we've not missed any payments. We've taken advice from a debt support agency and…
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Advice on how to get out of debt - resident in Scotland
Hi, I'm new here and hoping to get some advice on the best way forward to get out of debt. I'm resident in Scotland. Context:I took out two personal loans a couple years ago whilst having a good career. My mental health (for which I have a diagnosis) deteriorated shortly afterwards, and have been working intermittently…
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Many questions around debt, defaulting and DMPs
Hi there, My partner and I have racked up on whole around 18k in debt. Admittedly in comparison to others this is small. I want to start atta king this head on. I read I think on here that utilising defaults rather than a DMP may be beneficial? My concerns on how to manage this are purely focused around impacting my job if…
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Advice on debt (especially Amex)
Hi I took advice on a separate post a few weeks ago and was advised to post this here. I left a very well paid job recently, my new job is better for my health but pays less than half what I was on previously. Our debts are unmanageable on my new salary. I've listed everything below. We are being contacted daily by Amex as…
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Seeking advice for my disastrous debt
I started a thread elsewhere on MSE and somebody recommended I come and post on here for advice. In short, I have c£60k in credit cards and loan debt - I know, it's a lot. This is personal debt that I've accrued through what I've realised is a trading addiction (if anyone can recommend a charity who can help with this kind…
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Is bankruptcy right for me?
Firstly, let me just beg for you not to judge me. My anxiety is through the roof, MH in the toilet, I'm going through a lot of things right now, not just money related and I can barely cope with being alive (I am not asking for MH advice) so be gentle, pls don't judge. Someone suggested I post my expenses etc here to get…
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Debt after death
An elderly relative has passed away leaving behind a couple of unsecured debts that were being managed by Stepchange. The original debts were from well over a decade ago and they've been paying two debt collection companies monthly for some time so there is now just a three figure and a small four figure outstanding…
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Barclaycard and affordability complaint
I posted a couple of weeks ago in a total panic and full of anxiety about my debt (total £37k). Since then I have read and read posts on this amazing forum and I have a much more positive attitude and ready to be debt free before I am a pensioner! One of my longstanding debts is with Barclaycard. I must have had the credit…
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Owe 70k, options
Hi all, Long story short, I currently owe about 70k, for various reasons, but to summarise an extremely difficult few years for me. I ended up starting a DMP which StepChange. Since then, I now earn (recently changed jobs) a lot of money (180k/yr) and I'm trying to get debt free asap so I can get a mortgage. I complained…
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news article , when no cca can be produced, don't pay
https://debtcamel.co.uk/hsbc-compensation-cca-unenforceablet-was-unenforceable/
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Debt Sold (Credit Card) - No communication from collectors?
Good morning, I'm in the process of trying to get on top of my debts with the current one on a credit card which was taken out with Virgin Money. They had sent me payment reminders with the last one on 26/04 (I know I shouldn't have ignored it but life...). I attempted to get in to the app to check the balance in order to…
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Can action be taken after a default drops off?
Got a defaulted credit card with Lowell. The default dropped off a couple of weeks ago after hitting the 6 year point and there's a decent amount left outstanding (£3k+) I've been paying £25/month off it (nothing forcing me to pay as far as I'm aware, and I've not knowingly had any letters threatening court action etc. and…
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