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Urgent advice. DMP now or default first. Please help on a plan
Hi everyone, I’m new here. I’ve been reading
through posts over the past week and can relate to so many of your stories. I
thought it was time to share my own situation. Thank you in advance to anyone
who takes the time to offer advice — I really appreciate it. I’ve read that it’s often best to
let your creditors default…
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Help required with plans to default on Barclays CC and Bounce Back Loan.
Hi there, I have another thread going on Debt-Free Wannabe where members have been helping me greatly with sorting out a lot of credit card debt. However, I also have a Business Credit Card and Bounce Back Loan with Barclays that I am quite nervous about - as this appears to be outside the groups normal realm of…
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Dealing with £39K debt
Hello all, I built up debt over probably the last 2 decades, sometimes paying off, but then getting more credit. As the years went on and my wages increased I ended up taking out larger amounts of credit feeling I could handle it as I was always making the payments each month although increasingly this became the minimum…
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Statute Barred
Link Financial wrote to me in 2023 asking for an income and expenditure declaration which I completed. There was no admission or acknowledgement for a debt which at that time still had 2 years to go before being statute barred. There has been no payment for nearly 8 years and no other correspondence. They are now…
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Letter received from Lowell (PayPal) – help and advice needed please
Hi all, First-time poster here. A quick background on my situation: a few years ago, being young and financially illiterate, I unfortunately got myself into default with PayPal. I started to repay this debt over the past few years and have now reached the point where I only have around £662.64 left to pay off. I was…
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How to manage Large Deb- (DMP)?
Hi, over time I have racked up a lot of debt (over 20k) between loans and credit card. I recently had to take a pay cut and struggling to keep on top of all payments. I don't have a partner or family to help and wondering what the best solution is to get on top of it all. I have been looking into DMP but hear this may not…
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My journey
So I have £18k of debt but so far this month I have made £65! £15 on vinted and £50 my opening a Lloyds basic account. I didn’t have to pay anything into it or anything. Just open a basic bank account with Lloyds. No need to pay in, set anything up move direct debits or anything like that. Easy Peasy! (Removed by Forum…
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Trying
Hi! So I’m really hoping for any help support and advice. I have found myself in 30k debt no job single mom this time last year I had job, career sone debt but manageable My mortgage is up for renewal at the end of the year and I’m hoping to get a job by then as I really also want to move. Moving will be a possibility with…
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Received court claim for a statute barred debt (Cabot / Mortimer & Clarke)
So I received court claim documentation for a defaulted debt from around 9-10 years ago. Mortimer and Clarke "solicitors" have recently started hounding me about it and sent the claim through the other week on behalf of Cabot Financial. I have never paid a penny to Cabot Financial towards this nor ever admitted liability…
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ACI email
Happy New Year. I'm new here, but I love listening to the weekly podcast. I just received an email from ACI informing me that I will receive a visit at my home because I owe over £500. However, I have not received any prior letters, only this email. I have a learning difficulty (Dyscalculia), and I am confident that I do…
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Lantern UK text
Hello , a work colleague has been getting text messages from Lantern UK. Asking for him to get in touch, they don't name him. They are also asking him to wattsapp them. He's an elderly gentleman and worries quite a bit, he says he has no debt. I've phoned lantern and they say they don't use wattsapp. Is this a scam ??
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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Debts and DV
Hi, it’s been a while since I’ve been on here but I really need your help. i have recently ended my marriage which included physical, emotional and financial abuse. I have been in contact with CAB, they say it will be hard to get any write offs due to financial abuse but they will try. My husband was in and out of work and…
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IVA or DMP ???
Hello, I am really struggling with debt, so cut long story short I have spoken to a debt helpline and they have offered me an IVA or a DMP. I did a budget with them and they have worked out i have £217 available to pay towards my unsecured debts each month. My unsecured debts add up to £1,300 per month! Total unsecured…
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Help, £35,000 in unsecured debt and drowning
It's really scary posting on here, but I'm in a snowballing amount of debt and need to make significant changes. I've been spending on credit cards to cover day-to-day spending, and I know that some of my expenses are far too high (for example, spending a lot on entertainment and eating out that needs to be massively…
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New Leaf for 2026 - Dire Debts
Hm, what is that saying? 'New Year, New Me?'. I need to change that to 'New Year, Better Finances'! Hi everyone! I am 29 and in a stinking amount of debt which I need to pay off. I am hoping this is a forum to keep myself accountable and if anyone has any thoughts or advice, they would greatly be appreciated! My parents…
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Burnley Council chasing 10-year-old council tax debt
I’m sharing this because it highlights how councils can pursue people unfairly. Burnley Borough Council is chasing a 10-year-old council tax debt (£1,000). They failed to contact me for 4–5 years and part of the debt comes from a property I was illegally evicted from, where the council provided no support at all. At one…
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Double default same account AMEX
I've fought for years to get debt and default free with only 1 default (AMEX) left on Equifax and Experian. It's due off Oct 26. Im paying £25 pcm to them and not missed a payment even though its hard. I rang them today to ask if that amount could be reduced as Im almost negative £300 pcm on their own calculator. They sayd…
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Merged: Help with DMP repayment amounts
This discussion has been merged.
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Self DMP - first steps
I’m going to do a self DMP. I have been deliberating this for months but think it is finally time after having to continuously borrow to keep up with debts. I am currently not behind with any payments at present. I’m currently at about £36,000 in debt across numerous loans (1 x Plata, 4 x Zopa, 1 x Lendable), 3 credit…
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