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Income and expediture
Hi all - I am trying to arrange a reasonable payment plan, this exercises are quite difficult to judge as realistically many spends are adjustable, what is the best tactic to have a largest options of payment plans available? Is it to leave just the amount you want to offer per month or something else? Many thanks
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Avalanche method?
Hello, newbie here.. I have two CCs I want to pay off and can’t decide whether to avalanche, whereby you pay off the one with highest interest rate, or just tackle the biggest debt. The one with the higher interest rate is currently just under £2k. The one with the lower interest rate is just over £4k. I really want to…
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How to check defaults?
As anyone who has read my posts (bad luck) i am managing numerous credit card and loan debts and awaiting them to default i do find the various letters quite confusing and even misleading, is there any way to check whether you have defaulted…i realise credit files are a good place to start but the free ones seem to be…
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Income on the side
Hi all. Ive been looking to pay down a loan before march 2025. To do this ive been looking at ways to supplement my income by playing paid to play games, surveys etc, but the returns are miniscule in comparison to the time invested. Im looking to increase my side hustles to help me achieve my goals quicker but i dont see…
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Payment plans
I am arranging a payment plan with Barclays. The only long term option they have is a payment plan, they say it’s not a default on the credit file. In reality is a payment plan and a default the same thing ? Or is one “better” than the other? Thanks
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Desperate advice/help needed
Hi All,I really need you help. Since covid as many others we have been struggling financially. Will try to cut long story short if possible. 18 months ago I became disabled and my partner had to quit work to become my carer. I have been able to still work full time which I'm so grateful for. However losing my partners wage…
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Can American Express continue to do this?
I wrote a letter to American Express back in January of this year regarding my very difficult financial situation. The letter included my budget document from Step Change. I never got any response from them but instead continued to receive letters as though they hadn't heard anything from me. I then sent two additional…
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Outstanding balance
Hi all, I am hoping I can get some advice please i received a letter from Lowell saying I owe T-Mobile 20.87 they say they will keep writing to me, calling or pass my details to a third party collection agency i I haven’t been in contact with T-Mobile since 2013 weren’t even sure about any outstanding balance Is it the…
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Monthly car insurance payments whilst on DMP
Hi, Does anyone know if it's easy to pay for car insurance monthly if you are on a DMP?
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DRO and business debts
If someone is a "one person band" type business and they shut that business down completely can their business debts be included in a DRO? So no incorporation, or anything fancy just one person doing business work, previously been keeping their money separate but the business isn't viable and their financial life is a bit…
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Default on my credit score.
Can i remove a default from my credit file if it wasn't my fault. What happened was when I moved into a new property there was only £50 outstanding on a water bill which I thought I paid in my old property. Months down the line the people who bought my house messaged me saying there was a letter that came to the old…
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Advice on “silent” Barclays debt
Hi all, Appreciate some advice on how best to deal with this. Took out a Barclays loan in 2016, all fine repayments etc. In Nov 2017 received a cancer diagnosis and was unable to work for 7 months - Barclays refinanced this loan to me as a “resolve” loan - and interest frozen. I was paying back the resolve loan for a few…
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Newbie needing urgent advice
Hi I am finally no longer ignoring what’s been stopping me from getting a good nights sleep for the last year now an ready to get as much advice an help as possible. For context I’m aware this is completely my own fault for letting it just spiral out of control and doing nothing about it but the thought of it has scared me…
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Help/advice regarding end of DRO
Hi, so in 3 days my debt relief order will end - I understand this stays on my credit file for 6 years which is fine, I had an extremely bad time with my mental health over the last 2 years and didn’t see anywhere out. I use clear score to look at my credit file and all my accounts from creditors are in default, yet I have…
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need to get a better handle on finances - where to start?
I have so many money problems right now and I don't know where to begin sorting them. * every month I'm down to zero in my current account by mid month. I then either can't spend a penny (except food shopping which I put the money for in a separate account) or I'm adding things to the credit card. this means I'm obsessing…
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Unenforceable Question
Morning, Have been with Payplan for over 15 years. Dececided to do my own DMP as per previous thread. 11 creditors 5 came back as Enforceable so carried on paying them after CCA requests. One of the other 6 ,Cabot with the original creditor being Northern Rock and debt standing at approx £11500 are sending letters and text…
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Mental incapacity and debt
I am currently in the process of registering a power of attorney for a family member who has suffered sudden loss of mental capacity as a result of a catastrophic stroke. They are not expected to ever regain mental capacity and are likely to need 24/7 care for the rest of their life. I am aware that this family member has…
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Salary in second account helpful?
Hi all, as I have posted previously I am struggling with overdraft most of my salary goes on rent, my sons nursery fees then paying off loans. I have some savings but not much left in another account. i just wonder so that its easier for me to see what’s going in and out, is one idea I ask for my salary to be paid into my…
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How to deal with SafetyNet Credit...
So like others out there, we all received the email to say: Collections for outstanding SafetyNet and Tappily loans have now ceased with effect from 9 April 2024. For any customers who still had an outstanding balance at this point, this will be marked as partially settled on their credit file to reflect that the loan was…
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Starting out getting debt free - feeling scared
Hello, I posted on someone else's thread of becoming debt free and their advice for starting out and got some great advice including starting my own thread so here goes: Due to my own stupid money management I got myself into a debt spiral where I now can't afford my monthly minimum payments even though I have a full-time…
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Most recent: Debt Free Diary Newbie. Post 1 by PostHoc25
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