-
Iva early settle
Hi everyone need some advice . We our in our iva 4 and half years . I am soon to ininherit some money up to the value of 8,000. We owe 3200 on r iva do u think the creditors would take an early settlement.
-
Are solicitors allowed to buy debts from banks that the same solicitors represent?
I have seen posts on this forum about HSBC selling debts to
MFDP Ltd, a debt collection entity. After selling the debt to MFDP Ltd, HSBC has also been
instructing borrowers to continue paying their debt through a preferred solicitor,
Restons Solicitors. I have a debt with HSBC which I have been paying through
Restons…
-
Start of self managed DMP journey
Hello! Is anyone else a couple of months into starting a DMP and want to share what they have experienced so far? I stopped paying all my credit cards minimum payments in July and so far only had a handful of letters and txts/emails. I don’t answer my phone to unknown numbers so not sure how many phonecalls ive had. Im…
-
CCA Request - Response next steps
Good morning! :smile: I’ve sent off 3 CCA requests last month, 2 to Cabot and 1 to Moorcroft (debt owned by Capquest). Cabot have responded to both to say they are still processing the requests, but until they can provide the information the accounts are unenforceable. Moorcroft have only said they have referred the…
-
Please help me decide where to start!
I’ve spent the evening taking my head out of the sand and can’t decide where to start. I know about the snowball effect but could anyone tell me where I should attack first. I would be so so grateful. MBNA - £16,000. 28% interest Barclays - £3,300. 28% interest Halifax - £9,000. 0% interest until Dec Nationwide - £2,800.…
-
HMRC debt
Please could I ask for some help with a self assessment tax debt? I work freelance alongside a full time job, and it's put me into the 40% bracket this year. I didn't put any money away at all to pay the tax, I feel really stupid about this but I just chalk it down to being autistic and not understanding what I'm supposed…
-
Resolve call
Hi, I’ve just had a visit from someone from resolve call. I’ve had a few texts from them, and a letter, stating I had a debt with Alliance and Leicester, which my ex did in both our names many years ago, more than 19 years I think. I never had any part of this loan, the ex dealt with it all, or not as the case seems to be.…
-
Zopa
Hi My loan with Zopa has now defaulted and I was about to commence monthly payments, but I noticed yesterday that the debt had been sold to a collection agency without warning. I submitted a CCA request to Zopa some time ago, but received a letter back to say that someone would be in contact, but heard nothing further.…
-
Is a personal loan the way to go?
Hi everyone, Just looking for opinions on this one. So the situation is that I have a total debt of about £15,500 (exc mortgage). This breaks down as follows: Overdraft: £3k (£45 pm) 15% interest with starling. PCP car loan: £8,270 (settlement quote) 227pm Very: 188 (13.67pm) Finance agreement 395 (settlement quote) £32pm…
-
What should I pay off first?
Hi all. Not sure if this is right category to post in. However I’d like to know opinions. What’s best to pay off first? I have 0% credit cards around 11/12k I have a loan a mortgage. ( I can only pay off 499 extra a month without early repayment fees ) I would like to possibly buy another property, but it seems that my…
-
Constant spiral of debt
Hi All, I'm brand new to the MSE forum so go easy on me..! I have been living in a constant spiral of debt for longer than I care to remember. I live from pay day to pay day and am forever in my overdraft. I have loans and credit cards that I pay the bare minimum monthly repayments on. I rent a house with my wife but…
-
Starting a DMP
I decided to do a debt management plan a few months back after looking at advice online mainly from StepChange and on here. Following advice on here I stopped all direct debits in order to try a build up an emergency fund , clear some outstanding payments and wait on accounts to default. It has only been a couple of months…
-
A few specific questions
Hi, I've been in debt for a long time, maybe I will share some more of my story and situation eventually which ultimately centres on me being autistic and the impact that has had on my life, but I just have a few questions for now. I've been working on increasing my income and I've managed to do quite well (like over a tax…
-
got small compensation from rbs
a few months ago my RBS debt started getting moved backwards and forwards moorcroft said rbs were dealing with my rbs debt, RBS said moorcroft were dealing with it. it went RBS, moorcroft, RBS, moorcroft, moorcroft actually were dealing with it, it was in their back office , so it looked as if it went back to RBS. after 7…
-
IVA or DMP please advise
i have £46k debt and can only pay back £200 a month which would take about 19 years on a DMP. Stepschange has suggested Iva and DMP not recommended. They both come off your file after 6 years Iva your house is protected and I won’t get took to court or chased and all be gone after 6 years But I could work a DMP and will…
-
Talk Talk facing possible insolvency
Looks like Talk Talk may be in trouble soon: TalkTalk warns it faces collapse within weeks (msn.com)
-
50K+ of debt
Hi, I am a long time forum member that has been absent for many years. I am back now and in a right mess. I've just been on a different board trying to get some other affairs in order and now want to post on here to try and focus my mind on paying down the debt. I don't know our exact debt figures, but I know it is upwards…
-
Unknown debt payment demand
Today had a notice of intention to take control of your goods letter from CDER group. It states "despite previous attempts to contact you for payment" but no communication of any sort from them prior to this. No idea what this is about, I've lived here over a year. It doesn't give any indication what organisation the…
-
Anxious about getting back into debt. Can`t sleep, advice needed.
Hi all, Looking for advice regarding my financial situation please. I recently paid off a huge amount of debt that I carried for nearly 10 years. At one point I believe this was around £25k, a mixture of loans and credit cards. It was a long, painful journey. I was never a high earner (made around £25k up until recently)…
-
Should I contact old debt collection agency
A long time ago, maybe 15 years + I entered into a payment arrangement with Connaught Collections and was paying about £150 a month for three accounts they managed on behalf of Lloyds. The amounts were large, about £40-50k in aggregate for the three, if I remember. I have moved house many times so lost contact and no…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: 2026 - The year I sort my finances and declutter my life! by bigbeff
Today at 11:30AM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.