Debt-free wannabe

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

DMP advice
Hello, I’ve been within a DMP for around 8 months which is for 6,8000. I’m paying what I can each month and some of the accounts have now defaulted and been passed on to other collection agencies. I feel like I’m constantly worrying what letters will I receive or will any further taken action be taken from the creditors. I…
Cabot no CCA letter about agent visit
Hi Some advice would be appreciated I have a debt with Cabot no CCA I have just had a letter saying an agent visiting could be the next step.
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…
Seriously need to take action before we lose everything
Hi I am a long time lurker and no that I will get good advice here. Our finances are a CAR CRASH. For a couple who earn well, we have made a terrible hash of it all, and now we at the point where we sort it out, or we lose everything. We both entered the relationship with fairly high debts. Unfortunately we continued to…
Will I lose my home?
Scared stiff. Fixed rate (currently 3.5%) comes to an end in June 2024. Since buying a house, had an unplanned child (and therefore unplanned costs of childcare etc). Already just about breaking even each month and terrified what will happen when mortgage goes up. Due a pay rise later in the year, husband has scope to also…
Should I cash in a pension early to repay debt
I have 12k card debt (3k on 3 x 0% credit cards till March 2025 + 3k on 15% purchase credit card). Plus 2k overdraft. ( 50k left on mortgage. I'll leave mortgage out of this). The cc & overdraft debt are getting me down. Racked up through combination of stagnant wage, Growing teens, single parent & no emergency fund. Used…
Starting out
So - I’ve been floating along for a while now, and have started to get into a debt spiral. Thankfully I have a reasonably big shovel with which to attack it, and I’m hoping I’ll be able to wipe out the £16.5k that I owe in the next 10 months. I’ve finally confessed to my partner, and she’s been absolutely brilliant with me…
Starting a DMP and need advice
I’m currently preparing to start a DMP. Some creditors have defaulted others haven’t. Please can I have any advice you have on starting a DMP?
LOWELL CCJ
Like others I've had a letter from Lowell re a debt from Hoist completely out of the blue. Firstly about a credit card which changed to joint account. There is a CCJ apparently dated Sept. 2013. I've contacted the bank who can't tell me anything cos the account was closed in 2011. I never had any info from Hoist or knew of…
CCJ Query
I have one creditor who is still insisting they will apply for a CCJ if we cannot come to an agreement over payments they want it paying off it 36 months, I had 48 months left and could not affrord payments its now defaulted, so cannot understand why they think I can clear it in a shorter time. It has taken since April for…
Dept help request
I’m looking for a little advice I’m autistic and not too good with money. I recently took out a credit card and got £1600 out of hand with it but it’s interest free until August next year . I also have a loan with £6200 left to pay over 3years at 2.7% . I’m paying them the £25 minimum on the credit card plus saving £100 a…
CCA letters to debt collector.
just reading a recent letter from my bank who state moorcroft is acting as agent for my bank credit card debt. they say do not speak to bank anymore.speak to moorcroft. my question is if moorcroft is only the acting agent collecting for the bank.they haven't bought the debt. .then why would moorcroft have my consumer…
advice please how to deal with huge credit card interest
Hiso thanks for any advice. sorry for long text but wanted to explain everything... firstly im 53 and married with 2 children. I have had a lot of debt for last few years and in a circle of just paying the interest. My debt is around £60000. £35000 is personal credit cards, £5000 personal overdraft, £10000 business…
Starting Dmp advice and pcp advice
Hi, I have been reading this forum for the last 12 months. In February I stopped payments so put away an emergency fund (which we have had due to a roofing issue on our house) so I would start getting defaults. still havnt recieved all the defaults. Would you start the dmp yet with it being 6 months making no payments as…
Partially settled - where to find this on your credit file
Hello people, I've been paying my debts for over 10 years. Due to my mental health I've reached an agreement with all my creditors and all my debts have been partially settled. It's been one hell of a long road. I requested all of my free credit reports from Experian, Equifax and Trans Union. On each individual report I…
No written evidence the debt has been written off...
I've had 6 debts that I have been paying a minimum payment of £1.00 per month for about 10 years. They are all now written off due to my mental health or partially settled and I have written evidence for 5 out of the 6. In October last year I contacted one of the creditors as I had a letter saying it had been returned to…
DMP Help
Hi, New to this forum & hoping for some help & sorry for the long winded post. I have just over £50k in unsecured debt, various loans & cc's. These have accumulated over a number of years due to breakdown in marriage, partial loos of income/employment due to some mental health issues, & covid. So far I haven't missed any…
Credit Agreement received, is it too late
Hi, My friend sent her £1 off in June to Intrum for a copy of a credit agreement. Intrum cashed the £1 and put it as a payment on her account. She complained and today received an apology from them and a copy of the original credit agreement. It was only from 2022. I think they only have a certain amount of days to produce…
Overdrafts
Hi, can anyone advise me as to what is the best way to get rid of our overdraft please? At present we only have my husbands income as i am looking for work. We have an overdraft that we use every month to the last penny and it is costing roughly between £11 and £15 per month. We have tried to budget for £100 less to get…
IVA
My debts totalling £45k - low income single parent amount left over around £110. I have done all the budget forms on step change and national debt advice website. Recommended is IVA followed by bankruptcy, as I don’t have 600 odd for the fees I am waiting on a call from step change about the IVA. Does this sound like the…

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