Debt-free wannabe

Have a debt for around 7k that has made its way to Link. I changed bank accounts and closed off the one that was used to.pay Link. Correspondence received stating repayment plan that I had in place cancelled due to this. I have emailed Link twice to explain situation and saying happy to set up payment plan again on same…

Hi everyone! I know this is a usual conversation and the consensus is often to just let it be but I’m in a slight different situation that what I’ve seen answered on here before. I have left the UK after a decade there, I’m a French national, and I have outstanding debt on my MonzoFlex account. Out of the £5000 limit I owe…

Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…

I received my first default a couple of weeks ago and since I’ve received letters from Opos with wording like “our client” “acting on behalf of” we’ll have to return your account” Does this sound like the debt has been sold or the collections are still in house? Do creditors have to advise you if a debt has been sold? Is…

Hello, I have 4 credit debts totalling £12k, 3 loans £18k. So I was made redundant earlier on the year and been behind the payments and recently secured a 6 month temp role on a much lesser pay. The current arrears and minimum payment is equivalent to my monthly pay minus the basic expense like food, travel,…

This discussion was created from comments split from: DMP mutual support thread part 13 !!.

Hi all, I'm in a bit of Limbo between Stepchange who are managing my Debt Management Plan (DMP) and Lloyds (who I have an overdraft with) and neither are able to advise in way that feels helpful (though those Background: Started a DMP a few years ago with Stepchange, which included a loan, 4 credit cards, and an overdraft…

hi all, I’m in the process of letting my debts default. I’ve not had any default notices from sky who I purchased a phone and iPad from, but I’ve had an email from a CCSCollect saying sky has passed their account to them. They’re asking for me to set up a payment of 2 missed payments. Do I still ignore to let default?

Hi all, This morning I received a letter from Resolvecall, apparently they've taken over a Capquest thing for me and they're going to attend my address if I don't contact them. The debt (Capital One) they're talking about is probably over 10 years old. I've had a Capital One account since with no problem and the balance…

So I am cozily in my self managed DMP, making a savings pot and all priority bills up to date. I currently have a HP agreement (which has just over 2 years to run) for a Hyundai i10 - which I use as a runabout. Stepchange were happy for me to keep and continue with this (when I was with them) I guess my roundabout question…

Hi all, Two of my defaulted loans have been sold to ACI, and I’ve set up a small monthly standing order to pay towards them. ACI are also acting on behalf of Castle Community Bank for a third loan, which has now defaulted but hasn’t been sold to them. I’m wondering whether there’s any reason not to start making small…

Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…

To lay out the facts. Aged in 50s, forced to leave work last year due to declining health and stubborn employer. Live alone, I have recently been placed in the support group for ESA. Only 3% of people ever return to working from this group. it's highly unlikely I will be one of them, given my health issues (physical). I…

I am yet another who has been affected by Intrum chasing debts they are not allowed to enforce. I had a number of debts that became statute barred many many years ago and Intrum seems to have purchased them all over a period of time. It is the same cycle that I have seen others post on this forum after considerable…

I’ll keep it short and sweet! We’ve been given 7k unexpectedly as inheritance money - which we are incredibly grateful for. We have 7k worth of (interest free) debt on a credit card. I want to clear the debt! My husband (who relative kindly left this money to us) is worried we will clear the debt and get ourselves into new…

In a nutshell hoping for a bit of advice from those in the know. Credit card debt, at stage of vicious circle paying minimum payments. Had hoped for a loan to pay off cards but nothing doing there, credit history appears poor due to now renting and although always paid my way on time i am just in too much debt. Oh a whim…

I've been in my DMP for 3 1/2 years now, started with 22k, 16k has been paid off in that time. So in addition to this and a separate account I ended up defaulting on afterwards, I have about 7.5k to pay down. I finally decided to tell my parents about this and have offered to help using money they had saved for a house…

Hi All, I am looking for some advice, I'll be talking to Payplan and/or National Debtline too, but figured it couldn't hurt to ask here as well. Here is my situation: I have about £20,000 worth of debt, Credit cards, loans, store cards, you name it. I got into this situation after my wife became ill and was unable to work,…

Hi everyone, I posted a thread a few months back discussing my financial difficulties and the solution was to hammer my credit cards before the interest periods started. Whilst I have tried to do that, our mortgage has now gone up an additional £300 a month and we have had to replace our car. The interest free periods are…

Context: I left a marriage and the family home to create a new nest. My house of potential dreams has become a house of horrors financially - every problem that gets fixed uncovers more problems not known about, by the RICS2 survey or nest restorations. Financial separation and independence is not resolved, and the…