Debt-free wannabe

Hi This question is on behalf of my daughter who has no other debts (apart from a student loan) Who wonders if anyone can offer information regarding what should happen with debts contained within a debt relief order when it expires after its 12-month period and the financial situation didn’t/hasn’t changed for the…

Hi, I won't go into the exact details but I may be in a position soon to pay off my dmp. I only took it out last July and it stands at around £26k. I know this is a question with no real answer but what sort of % do you think could be knocked off for early settlement. It's is spread across lots of companies from £500 up to…

Hi guys, I made a CCA request to PRA over a year ago, I received the standard letter saying it was unenforceable pending documents etc then nothing at all…until last week when I received an email saying ‘following our conversation, I’ve place your account on hold for 14 days’ then today I have received an A4 envelope with…

Hi, I have £15k debt interest free across three companies until Summer 2026 that I will be unable to pay off by then . What are the chances I will be able to interest free balance transfer these amounts closer to Summer 2026? Am I going to end up in a mess ?

I have been today told at work that I am facing performance management or I can leave! I am 2 years into a DMP... If they sack me at the end of the performance management, will I get the dole? Im very worried....what will happen to my DMP?

I have applied for help with a debt adviser but when I try to make a budget I cannot provide proof of some of my outgoings eg my utilities as they were pay as you go and my lodgings were payed in cash 

Hi all, quick question, am I right in assuming if you submit a cca request a statement of the debt and previous payments should be supplied for it to be valid? I recently submitted one and have received the agreement which is fair enough but no statement which I requested. For ref I've attached what I've received but…

Hi all, I am really struggling 3 years ago I got married, bought a house, and had a child within a year. It was amazing. The house needed a lot of work, the wedding got expensive and our daughter needed the newborn essentials. I got a credit card and another one and another one, made minimum payments and kept spending. I…

I posted a couple of days ago about advice re a full and final settlement offer for my lowest creditor and received some advice to wait until a debt company offers a settlement figure. However, I've read some more and think a swapping to a self managed DMP might be the way forward. I have been in a debt management plan…

Hi all. I have a debt being collected by Intrum. It has been getting collected via stepchange for 8 years now. I have £33k outstanding and at the rate I'm paying it's going to take me another 62 years to pay it off. Is there any advice you can give me with Intrum to get some kind of settlement off with them? As mentioned…

so I’ve been reducing my overdraft pretty much every month for the last 5/6 months was at £1200 now at £550 will reduce it by another £50 I’ve been in it most months if I’m honest and have been using it for all the wrong reason. I’m I best to keep doing this until it’s paid off completely or have some form of overdraft I’m…

Need Advice: Managing £15k Debt While Buying a House Hi all, I’m in a bit of a tricky financial situation and would love some advice. I’ve just accepted a new job starting in February with a £45k salary, plus the potential for two £1,000 bonuses each year. While this is great, I currently have £15k in credit card debt…

I received a letter from CapQuest demanding debt already settled in an IVA in 2014. I sent them a copy of the certificate of completion with the said debt been part of the IVA now settled. They still write to demand i paid that debt. Please what should I do? thanks

Hello and help 😖 I have always had brilliant credit and been debt free and this changed very quickly for me a few years ago when leaving a partner and starting afresh I foolishly ran up credit cards ! repayments became impossible may family I know I really didn’t want to IVA or bankruptcy and I was contacted by a company…

Hoping posting here is the correct forum - been a long time lurker and have finally decided to do a self managed DMP. Have found the advice on here so helpful and reassuring. I have a couple of questions I hope people will be able to answer. 1. Has anyone had experience with negotiating payments with AMEX and how long they…

Good afternoon - I received a notice titled “Default Notice under s87(1) of the Consumer Credit Act” but when I flagged this when arranging a payment plan Novuna responded to me saying the following I can see a Default Notice was sent on X however this was to let you know that you had defaulted on the terms of the…

I had a letter from capquest saying I own money to shop direct and that they have taken over the debt. With a random ref number ,I have no clue what this debt is ,I've not had any shopping catalogues in many years . Should I just ignore this or what do I do. It say if I pay a reduced amount the the debt is settled

I've seen many times about transferring the balance from an existing credit card to a 0% interest one. Having been told that it will take 20 plus years to pay off my current cards at minimum payment rate, I am wondering if it's possible to transfer two existing cards to one 0% Interest card. Total combined debt for both is…

There was a random letter to me sent to a family member’s address a couple of months ago, from Capquest saying they had passed a debt of £130 to Opos. I have sent several Prove It letters. There is absolutely no way I owe this because I haven’t used ANY credit, except credit cards paid off in full monthly, for at least…

Need help please. My Dad transferred a balance to a credit card in 2022. It had a 6 month interest free period. He never received a single statement. He paid a manageable amount every month. He used it on the odd occasion for purchases. He is 77 years old and only stopped working last year. He came to me today, saying that…