-
Bank details for moorcroft?
Hi does anyone have the bank details for moorcroft. Every other dca has their bank details clearly on their website. Trying to set up a standing order for a self managed dmp. thanks
-
Does a guarantor transfer when a debt is sold?
My daughter recently completed her first year at Uni where she stayed at a halls, and I had to co sign her contract as guarantor. She met her boyfriend who lives and works locally soon into the course and when she finished year1 they decided to flat share together in year 2, and they went staright ahead and rented from…
-
Exiting DMP before mortgage application
Hi. Firstly unaware if this should be here or the mortgage section so please feel free to move if it is more relevant there. I have been in an active DMP for over 6 years and now looking for my first mortgage. I wish I had done more research into the effect the DMP has outside of the defaults as I would have gone…
-
Does VeryPay have a contact email?
Hi there, I'm currently in the process of paying off all my debts and one of the only ones that I need to contact is VeryPay. I have around £600 on a store card, half of which is "buy now pay later" which I intend on paying next week. All the contacts I can find for Very appear to be via mobile, which as an autistic person…
-
Title: Starting a DMP but Debts Defaulting at Different Times – Worried About Legal Action (Joint De
Hi all, We’re looking for some guidance about starting a DMP and would really appreciate some advice from people who’ve been through it. Our joint unsecured debts total just over £130,000, and they’re all at different stages, so they’re going to default at different times. Our original plan was to wait for each one to…
-
Link Financial - Father Deceased
Where do I stand with Link Financial if my father has just recently passed away and they are chasing a debt for £355.99. Do I call them and say he’s passed away or what?
-
50% reduced payment offer - should I accept?
I ran up a lot of debt during the pandemic as I was self employed as a limited company director, worked in the performing arts and therefore lost all my clients as the first lockdowb started, and apart from a couple of ad hoc jobs was claiming UC (without housing element) for the next two and a half years. I managed to not…
-
Fork in the road
I have a dilemma I'd like to get some knowledgeable thoughts on. It's a development from my previous thread. I have unsecured debt, circa £50K, and had to leave employment due to ill health. My monthly income is therefore around £600, as I am currently on ill health benefits. It's reasonably likely that I will be unable to…
-
Debt Management Plan
Good afternoon all, I hope this finds you well - sorry if i have not posted this in the correct place. I have broken up with my partner for the right reasons, however we had credit card debt which was solely in my name so now i am lumbered with it all. It's around £40,000. These are made up from several credit cards. After…
-
Quick Query pls re: defaulting/not paying and contact with creditors
First post :) last month I reached a decision that action was needed over unsecured debts that have just become too much to manage. I scanned over the threads and have followed all advice and have stopped paying, had no contact with creditors and am waiting for default. I am wobbling a bit on the no contact with creditors…
-
In 26k debt, is a career change right now worth happiness over being miserable? 35M
As the title suggests, I am currently in 26k debt, it was just shy of 40k post divorce 3 years ago but have managed to reduce it back to the current amount within just under 2 years. My situation isn't the best in terms of where I want to be. I'm a military veteran and have struggled with my mental health since leaving 6…
-
Maximising the benefits from spending
Hi, I wondered whether anyone would be happy to share the approaches to their spending that they use to maximise benefits via apps/vouchers/cards etc? An example of one we were talking about yesterday at work was: Buying Sainsburys Voucher via airtime for cashback shopping at Sainsburys for Nectar points Saving airtime…
-
Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
-
Advice on Partial Settlement whilst on DMP
Hello, I’m getting towards the last quarter of my DMP journey and my sister has offered to help me pay it off if I can get a reduced rate. I've phoned one of the creditors - Lantern. I have a guarantor loan with them which has £4,200 left. They’ve offered me only 25% off. I know my sister and I know she’ll help me only…
-
Default notice and DMP
I have a DMP with Stepchange. I got a letter from the bank saying that they’re going to send out a default notice. I’ve never had one before, so I don’t understand how it works if I have a DMP. Do I have to pay the balance or full amount because while i can’t pay the whole amount I could pay the balance within the next two…
-
my debts will never be paid...PLEASE BE NICE
Hello, bit of background I was with Payplan with s DMP then in March 2020 as was self employed and when Covid hit income dropped and has never really recovered, went self managed DMP December 2022. Everything going ok , have paid a total since March 2020 of £8.5k but still owe £31k. when with Payplan was £200 per month and…
-
CC company offering to help reduce debt - Is there a catch?
Hi all. My wife has had a credit card for a very long time and has only ever made the minimum payment due to low income. She has received a letter from them offering to help to reduce the debt and clear the remaining balance by way of two options: 1: 4-year plan - Keep the card - Reduction of interest rate to 21.66% with…
-
notice of sums in arrears letter re. car finance
Hi,trying to help a family member who have got a letter recently saying the following: LETTER:This is a notice of sums in arrears served in accordance with Section 86B of the Consumer Credit Act 1974 (CCA) because you are behind with your payments in relation to the Agreement set out above. Please contact us as soon as…
-
Moved: HOw does unemployed with business ideas get a help ?
This discussion has been moved.
-
Debt Help Needed
Hi, I am currently in a situation where my loan payments take up nearly 60% of my monthly wage. Then having to pay Credit Card payments on top of that leaving me with roughly £200/300 to get me through the month. I feel like I’m losing grip on everything and getting into a hole that I don't know how to get out off. Any…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
415.3K comments
Most recent: Payment a Day - Chapter 2025 by AntoMac
Today at 7:24AM
