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Salad money court threat.
Hi has anyone had a salad money loan? I have missed payments and now that have said they may take me to court? They haven’t gone through a debt collector agency yet, should they go through a debt collector agency first before court?
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Income and expenditure
I have been referred to Money Wellness by Step change to look at DRO or bankruptcy. I am in a deficit on the income and expenditure but when going through the expenditure it is coming out I am in a surplus with Money Wellness. They said it is because of my childcare costs. My average childcare cost is £400. Some months…
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In quite a bit of debt, advice needed!
Hi guys, So my situation is as follows: In my early 30s. I am in around £40k worth of debt. This debt is a mix of personal loans and credit cards. This main chunk of this debt was caused from a medical incident abroad which I got a £20k loan to cover. I've never missed a payment on anything in my life, but this large loan…
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IVA Completion Certificate Time Limit
Hi. My IVA is the type where I offered a one-off lump sum & it was agreed by my creditors. This was 5/4/24. I paid my money straight away (to PayPlan). I contacted them today, re my completion certificate, as the 3 months completion period is almost up. Apparently one of my creditors hasn’t returned their paperwork yet and…
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DMP - Different default dates
Another question. My apologies. When I discontinue paying creditors, I understand I do nothing by way of engaging with them until the accounts are defaulted. What happens in the situation whereby some default after say, 3 months and others don't? Thank you again for your very valued advice.
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Non disclosure of some income
Good afternoon to all, When I am preparing my SOA, I have listed only my debts (they
are in my name only) and my income (occupational pension). My wife receives disability benefits only and the debts
are not hers. I have no intention of including her income in the SOA. Is this likely to cause a problem? Can I be ‘required’…
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Is this a reasonable approach to a DMP?
Good evening to all, I have been following the DMP Mutual Support thread and I have gleaned a
wealth of information. I do believe that it is in my best interest to commence a Debt
Management Plan. I cannot carry on stressing every month as to whether we can afford to put fuel in the car. My current debt to eight creditors…
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2nd appointment with Christians against poverty today !
wife and I got our second appointment out of 3 today ,it is a home visit,to try generate a debt solution for us. the 2nd and 3rd are due to the number of hours allocated to show advisor proof of all paperwork. ( on a foot note and of interest,I also learned recently that anything what info we give today can be accessed by…
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Are my creditors connected to my bank?
Good
afternoon to all, I
have a question if I may. After
reading the many posts herein, I am preparing to initiate a DMP, probably self-managed,
within the next few months. My
bank account is with HSBC. I
don’t owe them anything, as far as I am aware… My
creditors consist of: Lendable
(Loan) Halifax
CC Amazon
Pulse CC…
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Best option
Hello! I’m looking for some advice please. Just to prewarn this could be long. I’ve got to the stage where I’m in financial difficulty. I’ve always been so good with my money. I’ve had a credit card for years now and always kept on top of it by paying in full every month until this last year. We’ve had some unexpected…
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Almost debt free!
I’m a 53 year old female, left my ex 17 years ago and took on a massive amount of debt. On and off over the last 12 years have been debt free but now £1300 away from my debt free life! I’ve been saving for the last 18months for a new car, and putting an extra bit by for my Credit card debt, it all matures at the end of the…
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Ccj help and homeless
I've got my credit report last week and there is a ccj from Feb 2023. I think the debt is a very old mbna credit card. The last time I spoke to anyone about this debt was 2015. I've provably paid it 3x over prior to this and gave up, I wasn't in a good place MH wise back then. The debt is listed at my previous property so…
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BW legal - distant selling act
Hello all Looking for some advice please. I was recently contacting BW Legal about a debt with a company called 1st central insurance. I asked for proof of debt as it’s from years ago and doesn’t ring a bell. They emailed originally and just gave me an account number and date. I emailed back saying I needed more…
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Old debt sold to Lowell - Scare tactics??
Well Lowell are a fun gang aren't they!! I'm having a moment of doubt please help me!! Short story, I had an old debt from 2013, has been with IDEM for years, I made a CCA request in March and they wrote back saying they are unable to comply due to the age blah blah blah... The debt has since been passed to Lowell who…
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Multiple loans and buy now pay layers
Hi, Newbie here. I just wanted some advice on what to do. Basically early last year I discovered that my wife had taken out multiple loans out in my name, she had taken out so many other things on buy now pay later and I knew nothing of it. I found out towards the end of last year when u stumbled across a whole pile of…
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Creditor unexpectedly threatening court action
As a summary i am letting my debts slip into default prior to negotiating payment plans. Credit cards and loans. As advised by the good people here All going to plan bar one creditor writing to me threatening a county court claim. This is not how the others are behaving what is the advice here? it presents a potential…
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DAS (Scotland) is ending
Hi Guys The last payment of my debt arrangement scheme is next month. Once it is finished I will be looking to build my credit file back up any way I can. I am just looking for some pointers and advice from anyone who may have been in the same boat previous. Eg is there any specific credit cards I could obtain to build up…
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Complaint letter to financial ombudsman
Hi all, I've reached the point of making a complaint to the financial ombudsman with regards to Lowell & Overdales Solicitors ref an account they have in my name. I've made complaints to both (weeks ago tomorrow) stating that the account they have in my name is fraudulent & that Capital One have also confirmed this, but I…
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Advice
Hello hopefully I have put this in the correct forum but I was looking for advice on what other people would do. Bullet points to stop me rambling on 😅 > Broke > Meeting all minimum payments but having to live on the difference between minimum payment and interest deduction. >numerous persistent debt letters although when…
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Loan to pay off cards
Hi I have 3k credit card debt. Three different cards different interest rates, 30.4%, 39.9% and 30% According to clear score I could be eligible for a loan which would be enough to pay these cards off (rate 39.95%) Would you do this? I want to be rid of the cards. I can cut 2 of them and keep 1 for absolute emergencies!…
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