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Debt-free wannabe

Mutual support and help for those on their journey to becoming debt-free.

Moorcroft (RBS)being awkward full and final settlement
i wrote to 2 creditors, one being moorcroft who manage my RBS Credit card debt. I asked would they accept 25% and if not what would they accept moorcroft replied today saying RBS refused and they want to know if I will still be making my monthly regular payments on my dmp, plus what is the reason for my settlement, and…
Santander and DMP
I have recently taken out a DMP which is due to start on 1st April. Included in the DMP is my £750 overdraft with Santander, of which I had used just over £700). The bank have now removed the overdraft option but is still showing as being overdrawn. I have applied for another basic bank account with Co-op but was wondering…
End of my DMP ! Debt free tips tricks and advice from someone who’s done it !
It’s official, as of 08.36 this morning my debt management plan is complete. My stepchange dashboard is zero across the board & it is all gone ! I have some final thoughts and some tips and tricks I’ve learnt along the way. I want to preface this by saying I am not a financial expert , I would just like to share my…
Being taken to court for 18 year old debt.
Bit of an odd one... my wife and I got into a load of debt back between 2004-2006 - personal loans, credit cards, etc.I'm pretty sure that most of the debt ended up as CCJ's. We were burying our heads so have no record of what happened with each debt. Over this period, my wife and I separated for a few years due to the…
Previous owner being chased for foreign debts
Hello, After a bit of advice please. We bought our house in June 2023 from the children of the deceased owner. Since then we have been getting letters from Russia chasing debts in the name of the Son of the previous owner. As far as we know he lives overseas and we've been sending them back as return to sender. Today the…
A small win but a huge one for me personally.
For the first time I felt a sense of achievement in this pain in the behind situation ( totally of my own making). I trashed my phone. Instead of just phoning up and ordering a new contract phone, as I would have done until last year. I purchased a second hand phone that does exactly the same thing for £90. Again I would…
Clearing old debt
Hi, I've been paying £5 p/mth each for 4 old university debts for over 10 years. These debts are with dcas and haven't been with the original creditors for at least 20 years. My credit report (currently 992 out of 1000) is only showing 1 of those debts. I would finally like to clear these debts, what is the best way to…
Council chasing charges
Hi all, I’m not sure where this goes so I’m sorry if it’s not the right area. My gran passed away 3 years ago and I inherited her flat, which I sold back to the local council a few months after. The council have emailed me today requesting I contact them to settle “tower charges” ie factor fees. I’m just looking for some…
Can’t afford new loan
I am currently in a DMP with stepchange for old store card debt. I pay every month and have never missed a payment, it really works well for me. However 3 weeks ago I took out a £1000 loan to help with the cost of a family friends childs funeral. I know I shouldn’t have done this but I was offered it even after being…
Debts...
I have calculated that around after 2 years I will be out of debts - Barclaycard, PayPal Credit, Virgin Money, Lloyds, Sister. And thats if i dont spend high. my income £12,500ish from April 2024 till April 2025.. I pay my dad £570+ per month for mortgage, bills etc, Sister £90+ per month for debt and Virgin Media, pay to…
Best option clear debt and pay least intrest
I have a buy to rent flat on morgatge. Od limit 2000 remaining left 146, may need to spend £40 before I get paid getting charged 1.58 per a day intrest. Credit card 534.31 use to pay full just chnage this now to minimum Paid salary on 20th April Salary after tax £1256 Outgoing pay 550 ground rent etc ( first time as I only…
Dating Agency in Luxemburg (again)
I signed up to a dating site but did not use it. Not even once. I forgot to cancel the free month's subscription.... They are chasing me for £308.....I posted on this forum before and everyone agreed no need to pay it I have just received a specialist lawyers letter demand......they will take "judicial enforcement measures…
Does this plan to default then enter into a DMP work?
Hello Thanks to the advice on my previous thread, and with a number of calls to Step Change, I've come up with this plan below for my almost £38k debt. I'd be grateful if anyone is able to confirm if this is a good way forward, as I still have some slight confusion about defaulting on payments and at what point I should…
Debt before maternity
Hello! New member here but have been reading other threads for awhile. Just wanting to post a SOA - we are expecting our first baby december 2023 and want to clear the debts we can before that, plus I'm saving for maternity savings as well. I have filled in our SOA as much as I can. I'm doing roughly 20 hours of overtime…
Lendable self managed DMP
Strange my account defaulted last year written confirmation, I have made not or had any contact since, today received a new Default letter dated 24.04.24 same figures!!! Cannot do a CCA as online account has copy, any suggestions on what I should do wait and the dispute default date or make a payment offer, rumours they go…
B136 restrictions
Hi, newbie here, I have 2 CCJ’s one with SCM via LLOYDS on a repayment plan, the other is with Turnbull Rutherford, who haven’t chased me since 2016 for money. Both took out B136 restricting orders on us both, but the debts are mine alone, we are planning to ditch our interest only Mortgage and get a repayment Mortgage,…
Letter from Intrum/Resolvecall - Nothing from them over 15 years!
Hi, Been a while since needed advice/thought on subject but hope all is good with everyone! Received letter from above regarding what appears to be debt of £3k relating to mbna account. No further information is given in either letter from Intrum nor the enclosed Resolvecall letter. No date of original debt, when it was…
Held out as long as I can. Pips now really squeaking!
I'm fast approaching 62, currently a part-time, self-employed sole trader and drawing a small civil service pension. I'm carrying about £36k of unsecured debt as a personal liability. Essentially all my start up and bounce back borrowing either side of the pandemic. I understand my formal approach for debt advice would be…
Stepchange recommends a DMP
Hi, I have just completed the assessment on Stepchange and it recommends a DMP. I have a few questions please. I have always made the minimum payment and not missed any and that's what i included in my submission, if i were to leave it for a couple of months so that i could save some money would that affect continuing the…
Personal guarantor for PCP via business
This discussion was created from comments split from: Dad died with PCP, can they do this?.

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'Catastrophic' Council Tax debt collection practices to be investigated by Government – Martin Lewis says move is 'brilliant news'
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Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further?

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Debt-free wannabe

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