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Irresponsible lending help.
Hi, looking for anyone with maybe a similar situation. basically I’ve got myself into over £20000 worth of debt from several different companies. I’ve finally looked at everything and ready to deal with it. I contacted M&S bank to tell them I was struggling after 4 hours of going through everything they have offered to…
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Statute Barred advice
Hi, just looking for some advice on statute barred debt. I'm currently being chased by a debt collection agency for a debt which I believe is now statute barred. The date of the original default notice with the original company is January 2018 so this would put it over the 6 year limitation period. I've had no contact with…
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Can I add Charging Order instead of paying the debt ?
Hi I've recently discovered that I have a CCJ against my name from an old debt (i didnt see the letters) The amount is £9200, and it is simply too much for me to afford at the moment and the company are asking for 4 instalments which is also Too high for me currently. In the past I have had someone add a charge to my…
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DMP StepChange Problem (currently abroad)
I've been on StepChange and have put in all my debts (£18k) and budget and as l've only around £450 a month to put towards payments, I'm now at the stage where I can can't afford to pay even the minimum payment and so have no hope of ever paying the debt off as it's all very high interest (ave 35%). I defaulted on a couple…
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Is a DMP my best option? UPDATE: 2 years on - what now?
Hello I have CC's, overdrafts and a loan which amount to approximately 23k. I have been sailing very close to the wind each month and finally contacted StepChange last week after realising I am running out of options (I have got to the point where I am using credit cards for day to day expenses because as soon as I have…
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Terrible mess - benefit payment gone to wrong bank account.
Son is in a bit of a mess. Been awarded ADP and money was supposed to be in the bank today - but isn't. Now he thinks "maybe" he gave them his old bank details - can't be sure as has no copy of the form he filled in and it was 10 months ago. So a biggish back payment has probably gone to his old bank account. He left CC…
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Dreaded Default
hello everyone, i have now received the dreaded default notice from barclaycard. barclaycard have passed the debt on to a company called moorcroft for recovery. should i now start negotiating with moorcroft for a dmp by first sending off a prove it letter, just a little confused at the moment on what next steps to take and…
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How to pay off debts - around £5k
Hello, Wonder if I could have some help and advice on the best way to pay off my debts while paying minimal interest. I'm finding it a bit confusing... Over the past 5 years I have accumulated around £5k worth of debt in credit cards, overdraft and as a result of my most recent ex, as I ended up paying a lot more for…
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DMP final thoughts, has it really come to this.
Hi all, Firstly I'd like to thank all you for the support and information in this forum. When I thought I had no way out of this I found this place and has started to shed some light on some really dark times. I'm currently In a total of £31,184 of debt split as follows;Tesco loan £10,888JN bank loan £6914Barclays Credit…
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Living in overdraft + fees (Santander)
I have a maxed out overdraft of £1477 that I am living in and have a monthly £39 interest fee (I have been paying this for two years now, with a another year paying £29 per month) that impact bills. Occasionally I get two lots of these in the same month which just happened today (£77). As it stands I am -£1,477 and -77.58.…
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Have I paid Barclaycard AND they’ve sold my debt?
Hey, I’ve been a lurker for a while and you’re all great at providing advice and reassurance! I just wanted to reach out as I was silly with money when I was younger and was luckily in a position to pay most of my debts off in full. I recently noticed that I have two entries on my credit file. One for Barclaycard and the…
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CRA & CCA help
Hi All apologies if in on the wrong board - please feel free to move accordingly. I am currently paying minimal contribution towards old debt to Cabot, PRA & Westcot. I have been onto the 3 usual Credit Reference Agencies for my report (Experian, Equifax and Transunion), however, am not sure I am reading them correctly as…
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Debt- Date of first movement 2007
Hi Can anyone help me please. I have received A statement of account letter today from what I think is a debt collections company who i have never had any dealing with. It if for just over nineteen thousand pounds, I do not want to contact them as I have been told if I do, its me agreeing to the debt. It says the date of…
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Just looking for some clarity on DMPs
Hi, I’ve been sifting through so many threads to try and understand the best way forward for me with my 50k plus debt across 3 unsecured loans and overdrafts. So, I don’t own my house is in my husbands name and he’s always paid the mortgage. I have paid the odd fuel bill and the council tax which I’ve been told means that…
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Can Lowell buy all my debts?
So I have quite a few debts, with various people now… 2 with Lowell, 2 with moorcroft, 1 with westcotts. I’ve set up payment plans with Lowell, which surprisingly was easy enough to do. So I was wondering if I maintain no contact with any other debt companies, will Lowell eventually buy all my debts? Considering I’ve only…
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Link Financial - no reply to CCA request
Hi folks, Sent two CCA requests to Link Financial using the template from national debtline on 24th May. Had no reply from them as yet. What is the next steps? What if they just say they never received it?
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Are any companies using the Date of Default to trick people?
Hi all In light of the following sticky on Limitations Act and Date of Default https://forums.moneysavingexpert.com/discussion/6027755/statute-barred-debts-and-the-limitation-act#latest My understanding of the above sticky is that the six year limitation for SOME credit providers with the appropriate terms, mean that the…
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Zopa loan
Hi My Zopa loan has recently defaulted and I have now written to them to explain how much I can afford to pay monthly. My letter has been acknowledged and they have invited me to provide income & expenditure information. Please could someone advise if I need to complete this? I also have other debts to consider. I've…
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Clarification on old Debt
I am just seeking some clarification of the what happens to old debt where no debt solution is taken My understanding is Stop payments and inform creditor you will not be making any further payments Debt chased by creditor Default letter Debt sold to debt company after debt company for up to 6 years of chasing with…
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Default and Creditor Contact Help
My husband and I have started the process of cancelling direct debits, we have set up a new account and we are now not paying creditors for non priority debts. We are starting an emergency fund too. I just have a couple of questions please? When the accounts start to default do I then contact the creditor to explain my…
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