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I may have made a massive mistake dealing with creditors
Hoping you can help me please I am so stressed and think I have made a massive mistake with my creditors. Firstly, I have autism and struggle with communication even when I am online, I do not know how to converse with people properly. Just saying because it’s difficult for me and It causes anguish but I need help please.…
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DMP Where to go from here
Hi MSE forum Hope you are all OK. I am just looking for some advice. I have spoken to StepChange as I have accumulated a large amount of debt. The majority of this is mobile phone debt where I have bought phones to sell to offset my debt. StepChange have advised that the first things I should do are to continue with…
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Debt Sold 4 years after bankcruptcy?
Hello I was declared bankrupt 4 years ago. Yesterday i received a letter from Halifax/Link Financial to say that they had sold my debt and Link Financial will now be retrieving it. I have checked my bankruptcy documents and Halifax was listed as a debt and the full amount owed. Unsure how to proceed with this, any help?
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OPOS CAPQUEST DEBT RECOVERY REQUEST - Is it real?
I received a letter out of the blue telling me i have an opportunity to pay a reduced debt. Everything had been set up so i could just pay online including pin number. I found this really odd. Having read the letter I noticed the client they say they were acting on behalf of, and know I have never had any dealings with…
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How do people afford full and final settlements?
How do people afford full and final settlements? To save for these, surely you must be paying less than all of your disposable income? If so, how do yo get away with that with the likes of PayPlan, who are quite strict? Am I missing something here, how do people do it?
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Looking for ideas
I’m tentatively addressing my finances and I’m looking for ideas. Background: I’m single with a grown up child who lives with me (council rented home) and contributes at 50% of the rent and bills. I’ve recently qualified as a nurse and just started my first post. During my time at university due to various life stuff I…
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Questions about dmp vs defaulting
Hi I’ve been reading the forums and trying to understand best before posting. My partner has unsecured debts of approx 40k across a loan and credit cards. He contacted stepchange and has started the process of a DMP but I have since realised this might not be the best way as ideally want this off his credit file sooner…
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£53,000 in unsecured debt, feeling very scared.
Hi. Looking for some advice please. I am £53,000 in debt with credit cards and loans, plus owe a further £7000 to my mum. Got myself into this mess through a series of bad choices. One being to invest in a property with my ex partner (who is a property mentor and investor) which turned out to be a bad investment. I also…
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Arrears question
Hi all. Coming towards what I thought was the end of my DMP however I have just logged into one of my loan accounts directly to check the estimated balance was correct and I'm so confused. The latest statement they have says my outstanding balance is £1000 of which £3000 is in arrears. I thought I only had around £1000…
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Smaller or larger debt?
Hi. So I have now been defaulted on 4/5 creditors. I plan to pay off with a DMP sorted by myself. Is it best to pay the smaller debts first so clear quicker or does it not really make a difference? Thank you.
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Credit Union on Self Managed DMP
Hi All, I have started my journey on a self mamaged dmp, after getting in to the cycle of borrowing to cover borrowing and now cant keep up with payments. 3 of my loans are with a credit union, My Community Bank. I have seen some comments around how credit unions can be awkward to deal with in these situations. I have…
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Will a loan affect my benefits?
Hi all, needed some advice. I’m in an absolute financial pickle and can’t see a way out other than taking a loan out for £1,000, can’t really elaborate too much so I don’t identify myself. Ideally I’d have taken a smaller loan but my bank only start at a grand. Some payments have bounced and I need them to go through to be…
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In debt and don’t want to lose family
I lied to my partner about my debts, after they have bailed me out previously. I came clean this week and I have been trying to work out a way of paying back my debts as soon as possible but with interest rates, I’m taking from one credit card to pay another. is step change and a dmp a good route to go down? I have £13000…
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Best way to get out of credit card debt when can’t get a 0% card
Hi, wondering if I could get some help please? I’m currently in a bit of a difficult financial situation. My credit rating is currently fair and although I have a new job with more money, I’m struggling to pay off my credit cards. What’s the best way to do it if I haven’t got the credit rating to get a 0% card? I don’t…
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Observation after a default dropped off
Just had my final default drop off my credit reports as it reached the 6 year point. Whilst I'm expecting nothing, did check my Transunion score and the default has been removed from that within a week. My fake credit score dropped by 21 points due to me now using a greater % of my available credit (paid my credit card,…
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So you can make a difference with help from peeps on here.
Just would like to post that things cannot be better for me now. Debts paid off years ago, won a miss sold pension case which gave me a lot of cash back. I am in the process of buying a nice house for the wife and I with cash - no mortgage. If you dig in guys and look to the future you will do it. Would like to thank all…
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Debt advice sought
Advice need on this situation if anyone can offer it. Basically started a business in 2017 and to help get it going I was kind of living on credit cards to make ends meet, plus a wedding to pay for meaning I have 3 cards with around £4500 on each. Also moved house which was more of a necessity than want due to growing…
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Should I aim to partially or fully settle my defaulted debt?
About 2 years ago I ran into some money problems and ended up defaulting on a fairly significant debt which now sits with Allied international. I've been paying small monthly payments since then, but I'm finally in a position now where I can think about paying more back in. A few months ago I got an email asking to discuss…
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Cca and mediation
Thanks to the advice here I managed to challenge PRA taking me to court despite me making a cca request! I'm glad I've kept my nerve, they have tested it to the extreme trying to scare me. So now they have finally sent the version of the CCA agreement which actually says on cover letter they are still awaiting further…
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Possible statute barred debt
This discussion was created from comments split from: ACI-UK have contacted us about a debt but no info provided.
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