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Resolve call
Hi, I’ve just had a visit from someone from resolve call. I’ve had a few texts from them, and a letter, stating I had a debt with Alliance and Leicester, which my ex did in both our names many years ago, more than 19 years I think. I never had any part of this loan, the ex dealt with it all, or not as the case seems to be.…
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Zopa
Hi My loan with Zopa has now defaulted and I was about to commence monthly payments, but I noticed yesterday that the debt had been sold to a collection agency without warning. I submitted a CCA request to Zopa some time ago, but received a letter back to say that someone would be in contact, but heard nothing further.…
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Is a personal loan the way to go?
Hi everyone, Just looking for opinions on this one. So the situation is that I have a total debt of about £15,500 (exc mortgage). This breaks down as follows: Overdraft: £3k (£45 pm) 15% interest with starling. PCP car loan: £8,270 (settlement quote) 227pm Very: 188 (13.67pm) Finance agreement 395 (settlement quote) £32pm…
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What should I pay off first?
Hi all. Not sure if this is right category to post in. However I’d like to know opinions. What’s best to pay off first? I have 0% credit cards around 11/12k I have a loan a mortgage. ( I can only pay off 499 extra a month without early repayment fees ) I would like to possibly buy another property, but it seems that my…
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Constant spiral of debt
Hi All, I'm brand new to the MSE forum so go easy on me..! I have been living in a constant spiral of debt for longer than I care to remember. I live from pay day to pay day and am forever in my overdraft. I have loans and credit cards that I pay the bare minimum monthly repayments on. I rent a house with my wife but…
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Starting a DMP
I decided to do a debt management plan a few months back after looking at advice online mainly from StepChange and on here. Following advice on here I stopped all direct debits in order to try a build up an emergency fund , clear some outstanding payments and wait on accounts to default. It has only been a couple of months…
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A few specific questions
Hi, I've been in debt for a long time, maybe I will share some more of my story and situation eventually which ultimately centres on me being autistic and the impact that has had on my life, but I just have a few questions for now. I've been working on increasing my income and I've managed to do quite well (like over a tax…
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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…
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.
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