-
Rubbish
Hello. I'm a bit rubbish with money to be honest. Earn an ok income (42k) and have a small savings (4.5k- kept for car breakdown etc). I rent. I have 10k in unsecured debts costing me around 400 a month in repayments. I have a PCP car but this is essential (249 a month). I'm overdrawn every month. Not by a huge amount but…
-
Getting a default date changed after being sold on
Morning all, I wondered if i could pick your brains for advice on what i may be able to get done for my default. I entered into a DMP with step change in April 2020. I had 4 creditors that all accepted it and removed interest and charges. One of them defaulted me within 3 months (mid July 2020) which is completely expected…
-
6 Years Later - An update on £100k+ Debt
In December 2016 I posted this thread: https://forums.moneysavingexpert.com/discussion/5573798/huge-amounts-of-debt-advice-on-dmp-needed/p1 I had just found out that my wife at the time (no longer married) had hidden £50k in credit card and loan debt (I later found more - it actually turned out to be closer to £80k) and we…
-
Old Debt 2019 Barclaycard
I have a Barclaycard debt for £7000, I had help from Step change Charity in 2019 to repay my debts. They contacted Barclay Card to stop the interest and froze the account for me to pay back. I then defaulted in 2019, COVID came I had a baby and moved house and I completely forgot about it until recently when I searched my…
-
Book recommendations on budgeting?
I feel utter despair at my financial situation. I am 45 and still seem unable to budget. I used to "binge spend" to comfort myself although that's got a lot better (I paid off £17k of debt!) I still seem incapable of managing my finances. I paid myself a salary a week ago and by the time everything goes out I'll be £200…
-
Feeling desperate
Hi, my wife and I currently have a mortgage of £110,000, a secured loan of £24,000, two personal loans, one in each name of £8000 each. My wife has three credit cards totally £ £6000. We are due to go onto a new deal or variable rate in December. My wife is unwell and has mental health issues, other issues and ADHD (hence…
-
PRA Group - How to respond?
Hi, I received the attached text from PRA Group. After quick search I realise they are a debt agency. But this is the first I have heard about it as I have no debts (that I am aware of!!) Another thing to point out is that I received this not on my main mobile number that I have used for years, but on an O2 PAYG mobile…
-
Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
-
Credit Card Arrears Scotland. Lender Wants Me to Fill Out Their Budget Planner.
I have built up approximately £14400 of debt spread over 4 credit cards, and an overdraft. In the past year I started struggling to pay the credit cards, and stopped paying them roughly 4 to 5 months ago. I am coming to the end of the ‘breathing space’ arrangements for the cards, and now have to setup some sort of payment…
-
Handy guide to choosing a debt solution.
here is the Christians Against Poverty quick pros and cons to various debt solutions. ( zoom in) note the DRO fee is now free and the limit now £50000 and vehicle limit now £4000 thought this might be useful as a sticky
-
Gambling and Debt Management.
Hi all. Long story short. I have had a gambling problem for many many years. Previously never borrowed to gamble and always paid my bills. However recently I have made a mess. Current debts £36k personal loans. One loans provided by current account provider that was aware I had a gambling problem for months and years prior…
-
End of my tether
Hi all. I’m really struggling with my debt that is spiralling out of control. I’ve had issues with gambling in the past but am resolving this. I have 4 credit cards and a loan of £9k totalling around £23k. I’m also going through a divorce where I will be getting some equity but when is another question. I just get paid and…
-
Trapped in Credit Card Debt
I have a debt of £12,250 across 3 credit cards. The interest and payments on them are killing me and then I have to use them again to cover costs I can’t pay so I’m in a vortex that never lessens. I checked my credit score here which is very poor and I have 0% chance of switching cards. I’m desperate. What can I do? I…
-
No option to balance transfer
Hi I have about £8500 on credit cards, I desperately want to change to 0% balance transfer as I'm only making minimum payments and the intrest is just 🤯 however due to poor credit history no one is able to offer it to me. What's the next step .. do I try and pay off the highest Aprs first? Or do I pay off the smaller cards…
-
Always on the back foot
Hello! I feel as though I'm in a never ending rutt and could do with some advice! My relationship with money has never been great and I am so desperate to make money work for me, rather than feeling as tho I am constantly chasing it! A bit of background: I live in a rented, 2 bed house in Kent (which I mention only because…
-
Aci/my jar
Was wondering if anyone could give me any advice about a loan I took out with my jar, years ago, I'm being hounded by ACI for payment of £1212.40, I don't think the loan was as much as that, its saying that my account will be referred to TM Legal to commence legal proceedings against me or a home visit to verify it's me or…
-
Advice regarding saving for a Mortgage whilst on DMP
Hello It's been more than 6 years since I started my DMP and my credit file now looks better. I managed to get some of my debt cleared too via a Partial Settlement using money gifted to me with some of my creditors but PRA Grp wouldn't accept, so I still have 7K of debt with them. I recently moved in with my partner and we…
-
£127k of Unsecured debt
Hello, been following this for a while, and have numerous accounts that have stopped paying since end of January looking for accounts to default. Sadly the title is not a typo either. No defaults are on credit file yet, two notices of default have been sent for accounts with Natwest. Today I got a letter for each account,…
-
Urgent agents say coming today
Hello, I’ve posted before and am managing my debts on my own debt management plan. I have a few loan debts and I sent my first F&F offer last week (yet to hear back). This morning I awoke to the message below which is to do with a debt I haven’t even been told has gone into default yet! I’ve rung the number on the text and…
-
Voting address
Pardon me as I attempt to word this correctly. I stay in a four in a block. On my credit check it regularly tells me that im not on electoral roll but i recently voted however the address is different. For the purposes of internet stalkers i stay at 18a and always use my address as 18a but on some, like register of…
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
1.2K discussions
414.7K comments
Most recent: Fiver Friday Challenge 2025 by Matron_Midge
Today at 5:10PM
