We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debt-free wannabe

Mutual support and help for those on their journey to becoming debt-free.

Debt advise redundancy
Hello, I have around £18k on various credit cards. Which I have been paying minimum payments on zero interest. But those promotions have ended and I have just been made redundant. What do I do about repaying and not being stuck in the loop of paying off only the interest every month?
Where to start?
Hoping for some advice I have spiralled in to debt through loans and credit cards I don’t no what’s I have spent the money on as I have nothing to show for it i Have listed what I owe below and just don’t no how to tackle it I’m loving month to month due to high interest rates and trying to keeping them paid without going…
Advice needed
Hi all I Am after some advice please. I recently inherited £6000 after the death of an uncle. i/we have various debts which have accumulated through poor judgement and desperation due to my wife having work issues over the past 18 months. i am wondering what the best thing to do with the money is. Run down of debt is £4000…
12year old debt, resolve call
Hi yesterday i had somebody doorstep me from resolve call, for a debt from 2012, ive had no contact with anybody reguardng debt, sp letters, calls until yesterday, its an old shop direct debt, ive never recieved a ccj as it never cam eup on credit report Last payment made towards debt wouldve been early 2013 jan/feb Are…
Debt advice
Hi all just looking for bit of advice of whats the best course action i should do. So we are roughly around 30k of debt 16k loan (joint) 11k loan and 3 other small creditors round 3k total. Have been on token payments for 5 years now paying £1 month and all defaulted over 4 years ago. Is there much point even trying to…
Heavily indebted doofus - do I default?
Hi all, came across this forum as a 31 year old idiot who has landed himself in a whole heap of debt. My situation is complicated and I'm hoping that as this is purportedly a judgement free forum I won't be too criticised too harshly for the situation I've landed myself in. The long and short of it is that last year I…
Bailiffs have turned up at my parents
Hi all, I’m hoping someone can give me a bit of guidance or reassurance. Today, a High Court Enforcement Officer turned up at my parents’ house trying to enforce a High Court Writ for a personal loan I owe. The debt is in my name only. Thing is — I haven’t lived at that address in over five years. My parents were…
Planning to default - is my job affected?
Quick question: I am planning to default on my unsecured debts. I haven’t missed any payments yet but will do so from June. I work for a law firm as a legal PA. Is my job going to be affected?
Utility warehouse debt collector has come with an offer to prevent ccj
Hi, I have been back and forth with Utility warehouse regarding a debt, which I disputed. The latest debt collector has now come up with a reduced offer, that I can pay in 3 instalments and prevent a ccj. It comes across as a negotiation offer. What is the best way to move forward with this offer?
Communication from Creditor Advice
I recently wrote to Moorcroft Debt Recovery regarding my Marks & Spencer debt and have since set up a standing order. The payment has been arranged on a pro-rata basis in line with what I am paying other creditors, and I will continue to send the same amount each month on the same date. Despite this, I keep receiving…
debt is crippling me
Hi all I am new here and and ashamed that I have managed to get myself into 70k of debt, mainly trying to consolidate debts. These are the things Iv tried to sort it take a bigger loan out to cover half of it. Tried to use some equity on house to pay at least half of debt but I have been told I have to wait until Iv had at…
Moved: End of mortgage term last year (August 2024) but bank didn't contact me before now - can't p…
This discussion has been moved.
Advice for son needed please
Hello, I don't know if anyone can help me but not sure where to go/who to ask. When my son was 17 (November 2021) he crashed an uninsured vehicle into a residential property. He was arrested and went to court in June 2022 where he received a 1 year referral order as he was under 18 at the time of the incident and was…
I'm a little confused with ACI
I am a little confused with a debt that I am currently paying off, it was oakbrook loans and the debt was passed on to ACI. This is where I am slightly confused they don't appear on my credit file, I had letters from them in the past which have been Mr instead of Miss so slightly confused with that also as my friend who…
DMP for £60k worth of debt...ready to tackle this!
Hi Everyone – long time lurker about to embark on my self-managed DMP journey. The main point of my post is to explain how I’m going to go about this, for you guys to tell me if there’s something I can do better or in a different way and questions that I have. Are their any tips you may have to help this all go smoother? I…
Just pulled my head out of the sand
Hi everyone, I have been lingering here for some time and have spent hours and hours (mainly through the sleepless nights) reading posts about self-managed DMPs. I have finally “pulled my head out of the sand” and decided that it is time to take control and to try and eliminate the constant sicky feeling I have around my…
High debt - IVA or DMP?
Hi All, here is my situation: I am in the deep end with unsecured debt, have been spinning plates for months swapping payment dates & recycling credit card debt from cash machines to keep up minimum payments. Strangely enough I honestly didn't realise the full scale until I sat down and calculated it all. My SOA from lemon…
URGENT HELP PLESE ACI DEBT LETTER
URGENT HELP! Hi there, I need some advice please. Please don't judge me, I was very bad at managing finances when I was younger. Back in Oct 2024, I received a letter from Capquest Opus saying they had taken over an old debt. This was a loan from more than 20 years ago and I hadn't heard anything for years up until then.…
Letter of Claim
Hi Kearns have sent me a letter of claim today. The debt in question becomes statued barred in early July What should I do? I cannot send the statued barred letter yet as not yet statued barred, but I need to delay until then without saying I agree to this debt. Please advise what I should do. In this letter of claim says…
Debts and mortgage
Hi All, would appreciate advice on the below currently have large loans (unsecured) now can’t afford them due to health issues for both myself and partner. we have managed to ensure our mortgage is payed to NatWest, however our large loans are with NatWest also, they are not secured to the house, if we continue to not make…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Debt-free wannabe

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Debt-free wannabe

Category List

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free