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Car Finance 50%
Hi, Ive got a car on HP which im no longer able to afford. Can i hand the car back and make arrangements with the car finance company to continue to pay up to the 50% mark? Thanks.
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Advice needed regarding making offers...
Hi, sadly I am here again, after being debt free for a good few years. I hope this is the correct part of the forum to post. I have 4 credit cards, all on hold or in default and two with agencies. Next month I will have a lump sum settlement, not enough to pay all the debt off in full but to be able to make quite…
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Help Needed: Dealing with Debt Settlements and Uncooperative Creditors
I'd really appreciate some advice or insights on how to tackle these debt-related hurdles. Firstly, I've been faithfully sticking to a Debt Management Plan (DMP) with Payplan for just over two years now. This plan involves making nominal payments to various creditors. Recently, PRA made me an offer regarding an old Lloyds…
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Moving from StepChange to Self Managed DMP...
Hello all I've been on a DMP with StepChange for three years and my debt currently stands at £2,555 and I owe to six creditors - four are with debt collection agencies and two are still with the original creditor. SC have been brilliant and a life saver at the start of the plan - the thing is I have been considering going…
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Credit card debts
Hello. I hope that I am asking in the right place? I am self employed and currently have approx £25,000.00 in credit card debs with 6 different cards. This all came about after my partner suffered an awful illness and neither of us could work for a long time. I have been making the payments ever since (6 years now) I have…
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Multiple joint debts and banking query
Hello all. Myself and my husband have came to the realisation we cannot afford to pay off our debts - we are spending far more than is coming in and have been finding we are paying our CC's just so we can then use the money for food shops etc. We have got ourselves into such a mess trying to clear off one debt, by securing…
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What to do with £10,000 if I have a mortgage and loan
I have a mortgage with 20 years and £145,682 outstanding. Interest is fixed at 1.19% until Dec 2026. I have a 5 year loan for £30,000, (4.9% APR) which I'm 12 months into and there's £27,036 outstanding. Now the good news. I have £10,000. Do I:* Overpay my mortgage by £10,000 * Overpay my loan by £10,000 * Neither, invest…
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Settlement with creditors
Hello all after coming on this forum at my wits end 2 years ago I set up a DMP with StepChange who have been absolutely amazing our debt was a mind boggling 95k and after a lot of patience we are now at 35k still a lot but not long to go. We are due to come into some unexpected funds and the focus is now on clearing the…
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Looks like PRA have won
after sending cca requests by myself and wife in October to PRA regarding Barclaycard credit card account debt if roughly £6000 each. they initially said it was unenforceable due to not finding statements for mine and the credit agreement for my wife. yesterday, they posted the agreement bro my wife and 2 years worth of…
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Interest changed after default notice
Hi all, I received a default notice for three of the old style (Mortgage) student loans just over two years ago, this was despite me being on a payment plan through Step change for the eight years previous. To add insult to injury they've been charging me interest from the inception of the step change payment plan to the…
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Now struggling with debt
Hi, I am now struggling with debt. I was going to use StepChange. Can anyone recommend any better company who negotiates for the debtor more?
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Advise on situation involving CC and housing.
Hello all. I was advised to drop this post over here from the housing section. As said it may be better suited. I’m hoping to get a bit of advice for a situation I’m in. Without going into to much detail my partner and I have split up and I need to find a new place to live. The problem is private rental pricing is crazy…
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In debt crisis and not sure what step to take next.
Sorry for the long post - I just wanted to make my current position and how I got here clear. I've been in debt since 2008 despite my best efforts to live within my means. I've been self employed but it's always been a small business with the intention that eventually I would go out and get a "normal job" when my son went…
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Help advice needed
I am getting these weird and assuming spam texts. I have had 2 from a firm called Harley legal who when I spoke to them said enforcement officers were coming round to collect goods if i didnt sign up to a debt management payment plan with a compnay (they happened to be able to transfer me to a firm who has no links with…
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Utility point Debt - EDF
Hello i was a Utility Point customer for energy when they went back at the end of 2021. I migrated my supply to Octopus shortly after this. The final ultility point bill is as issued by EDF, however the bill was incorrect. I received confirmation from Octopus that the meter readings UP / EDF used were not the readings that…
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Debt help!
HI all, I'd like some advice/help with my debt please. I`ve currently got almost £28,000 in personal loans and credit card debt. Ive not yet missed a payment but having recently changed job and taken a slight reduction in salary £35,000 to £31,000. I think if not this month it'll be next month that I start missing…
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Advice needed re joint account
Hello everyone, I am in process of starting self managed dmp. I have joint account with my husband where we put money to pay all bills. Two of my debts which will be included in dmp are with bank I have joint account in (Halifax) Can Halifax offset money from joint account against my debts? Many thanks
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Advice for Link Financial/Wescot Needed
Hi All, I have a debt from close to 15 years ago via a Barclaycard. Total is around £15,000. I defaulted on it a long time ago and it eventually moved to Link Financial. Wescot are managing it on their behalf. Around 7 years ago, I agreed with Wescot to make a monthly nominal payment (£1). I’ve been doing this ever since.…
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Transferr My Wife To The deeds
I own the house 100%b and my wife not on the deeds. Can i put my wife on the deeds and will their be any tax or stamp duty we have to pay. Thanks
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Joint account on dmp
Hi all. I’m currently in a DMP and am about to start my payments on the 1st April. However I noticed a comment in here saying I need to remove myself from any joint bank accounts? What is the reason for this and is it essential? As all of our bills come from this account and we like the bank we bank with. Is this…