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DRO
After debt advice I am considering a DRO which I was hoping to apply for once I have stopped paying my creditors and all have defaulted which I know takes time, however I owe £2000 to a family member and understandably they would like it back. The only way I could do this is to do a money transfer from one of my credit…
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eBay Debt Recovery DRS Text Message
I had an eBay account a few years ago and sold a high-value piece of jewelry for around £9000. I sent the item to eBay's authenticity center (mandatory for this value), and the tracking showed it was delivered. However, eBay later claimed they never received it. After an investigation, UPS said it was delivered to a…
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credit card debt
Hello guys, I am a long suffering citizen and have been since the bank bailout. I took out several credit cards 2 years ago because I had 2 daughters getting married. I do not regret the expenditure that brought memories. I am finding it difficult to service several cards with £7,000 of debt. I think I saw a message…
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The start of default road
Hello, I have now entered default with one of two CC’s that I hold (MBNA) the other being Barclaycard which has not yet defaulted. I have had a scout through this thread and seeking some advice on how to take my next steps and things to avoid doing. I read about people going self managed which sound better and to take the…
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Debt we don't know about? Is it even ours?
Hi My husband has today received a letter from Intrum saying that he owes more than £9000 and he has 'failed' to contact them. He's not taken out any financial products for around 15 years, so if it is relating to anything from before that time, it will be statute barred. He wants to phone them to find out what it's about,…
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Bristow and Sutor taken money from my credit card without my knowledge
I recently made enquiries of debt consolidation through clear score. I never signed up to anything or gave my card details out at all. Today I noticed that £400 has been taken from my credit card (the one where I have credit left)! I have reported this as fraud to my bank and will get a refund but just wanted to warn you…
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Mortgage or Student Loan
I could do with some advice on what I should pay down first. On paper it looks fairly clear but actually the renewal date on my mortgage is the thing that is making me so indecisive. I have recently come in to a lump sum so want to put it towards one of these from getting rid of my car (nowhere near pay one off in full).…
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Intrum / Ratesetter , back date default ?
Hi everyone. Ive been on a self managed dmp for nearly 6 years. It was the advise from lovely people on here that got me through. Im plodding along with repayments, some of my defaults will be dropping off my credit file this year. In about 3 years I wish to try and move house, which will require a mortgage, by which time…
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Mortgage ERC hit or savings
Hi All, I am trying to determine what to do with a 40k lump sum I recently received. Facts:* I am about to take on another (big) mortgage (new relationship and savings goal for flipping a few houses). Total monthly mortgage payments together are about 1/3 my income. * I have about 40k left on my personal mortgage and have…
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Help with Very catalogue debt
Hi, I owe Very around £2200 and I'm struggling to pay. If I ignore them and let it default how much would I end up owing? I'm worried about them piling interest on and on.
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why have RBS took back the debt
I owe RBS loan and credit card, both being dealt with moorcroft for nearly 2 years, Moorcroft accept my monthly payment offer for the RBS loan£1500 I made to them last month, but got email on Saturday saying RBS have now taken back the credit card debt £3000 back in-house and moor croft are no longer managing that account.…
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Driving debt down
I have debt of the below £5500 credit card £3500 oveedraft £16500 Van £60000borrowed from wife but it’s her daughters money been paying back £400 a month I get paid £2450 a month and usually don’t have any money spare as pay child support £456 and my wife for bills £1200 how can I get out of debt
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My plan is now up in arms
myself and wife owe £10,500 each to about 4 creditors each I was earning about £470 a week net , wife £250 net, we had planned to pay creditors as little as possible to save up and do full and final settlements that was until yesterday, my job has been taking the Micky out of me, been with it for 4 months It is meant to be…
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Better Off Not Clearing Debts?
In attempting to correct a lifetime of financial miss-management,
resulting in debts amounting to over £44,000. I have come to the conclusion
that I would probably be better off not clearing my debts and using a sum of
money recently available from wider family to improve the living conditions for
my children (i.e. not…
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Start of debt free journey
Hi all First of all wow what a forum, How have I never stumbled across this in my 20 years of debt... I have devoured a lot if info and you/ it has given me a lot of knowledge and confidence to get my head out of juggle town and sort out a Credit Free life. This post knocked me for six and was the LBM for me... 6 Years…
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Question on Business Loan
I’m wondering if a business loan should always be credited to the business account My question is a loan was approved based on existing business financial health but the funds were deposited into my personal account Will this be considered a personal loan? I’m paying for the loan and the lender’s name was appearing in my…
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Seeking Guidance on Completing My Business Plan
moved to following Forum page! https://forums.moneysavingexpert.com/discussion/6530175/seeking-guidance-on-completing-my-business-plan/p1?new=1
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consolidate mortgages or not
so hit on difficult times, took out 2 secured loans on house so have mortgage plus these 2 loans to pay. I can pay them each month and havent missed payments but looking to reduce the outgoings. SO do I continue as is paying £491 secure loan 1, £547 secure loan 2 plus £707 for mortgage or look at putting everything into…
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DMP and Defaults
Hi guys, I've never posted before but have constantly been reading and searching through over the last week. About 2 weeks ago it really hit me what a mess I had gotten into financially, I started googling and came across Stepchange and various routes to take (I was completely oblivious to the fact there were even options…
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Tesco Bank default error
Good morning. I’ve received a letter from Tesco Bank stating that they made an error as they failed to send me the required notice of default letter before terminating my credit agreement and recording a default on my credit file. They have now enclosed the required notice of default letter. My intention is to enter a DMP…
A place for MoneySavers to share their journeys towards debt-free living.
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Most recent: YNAB robber needs help to execute the plan by Wanna_Bee_Free
6 August at 11:43PM
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