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Preventing credit/debt (LPA/CIFAS/Bipolar/Learning Courses)
hi, I was given a bipolar diagnosis and one of the characteristics of that is poor spending/money management. I'm trying to sort my finances out and put up some barriers for the future. Please do you have any comment on how effective these might be/if you've used any/what else might help? 1. Assigning a legal power of…
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Drydensfairfax financial review letter
This morning I received a letter from Drydensfairfax stating that I am required to have a financial review as my repayment arrangement has “expired”. Firstly, I do not recall receiving correspondence or agreeing to an end date or review date. How my relationship with Drydensfairfax began: A letter arrived approximately 2…
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Will creditors phone workplace?
My husband and I have got ourselves into a real financial mess. We have taken on too many debts (14k all in) and have fallen into a cycle of borrowing money from family to get though the month. I have been reading through the posts on this forum and think going down the route of letting the debts default then arranging our…
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Breathing space on car HP
hi, Please does anyone have experience getting breathing space on car HP payments? How did it work for you/ how long were you given? Thank you
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Dmp and default times
Hi all I've spent the last week trying to push a debt ridden friend into getting help and have finally got her to look at a dmp. Shes done an soa on step change and they say she would repay her debts in 8.5 years. Shes eager to get straight into that but I've read the advice on here about stopping paying unsecured debt,…
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Juggling lots of balls to handle debt
Ideally I would like to talk to someone private about this but I will be as succinct as possible I a 64, still working ( self employed ), married, 3 kids, nice house, 9 months left on mortgage (£ approx 14k ). Due to business partner taking a runner over 15 years ago left with approx £30k credit card debit over 5 cards…
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Help - Remortgaging to clear down debt
Hi all, New here so take it easy on me if missing any info. I have attached below my SOA - basically I feel I am paying a lot on loans etc. I am due to remortgage now and am thinking of adding around £7,500 to the mortgage to clear down my Tesco loan (£4.6k given early repayment reduction of interest) & either pay off the…
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Old Banking debt pre 2000
Hey guys pretty much got on top of all my debts now around 6k worth and this one just re popped back up ive ignored it for a long time due to it being for charges related to an overdraft that wasnt athuroised I cant remember the details I most likely was in the wrong but the charges have snowballed since the innceident in…
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What Small DFW Things Will You Do This Week? 18/07/21
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
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Drowning - Help
Hello, This is my first post on here for a while and I don't really know where to start. Essentially through many bad decisions over the years, I have racked up near £40K's worth of debt with practically nothing to show for it. I have multiple loans and although I'm not behind on any of them, I'm having to use my credit…
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CCJ set aside application - which route?
Hi everyone. My partner and I were looking into applying for a mortgage when we discovered he had a CCJ on his credit file, issued to an old address when we didn't live there. It has taken 2 weeks but we finally have the detail of what it for (3 different debts) I have been reading up on what to do in this circumstance…
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Link finance (DCA) ask for statement while I'm already on DMP
Hello, Would really like any advice or previous experience please. I've been on a DMP with Stepchange for quite some time now (many years) but suddenly one of my creditors (Link finance) are asking me in a letter/form to fill out a separate statement of details of my finances - should I do that or ignore it please? Many…
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Just signed up for a DMP with PayPlan
Hi everyone, I just signed up for a DMP with PayPlan. They said that the £300 I pay monthly to my private psychiatrist is ok. They added a note this support helps me stay in work. I was up all night worrying about it even though they all allowed it on my last DMP. 3.6 years to be debt free and token payments until January.…
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Fresh start debt plan for pensioner
Can anyone advise for my 80 year old mum please? She has a debt management plan with Fresh Start paying £113 a month. She cannot afford this as she is on a pension and doesn't receive any other state benefits or top ups. She pays her own rent and council tax in sheltered housing, she has her state pension, the work pension…
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Charity debt management v 5 star TrustPilot recommendation?
I’ve been contacted by DebtAdviceCentre. Customer service was excellent. I haven’t committed to using their service but their reviews on TrustPilot are 5 star. Do these companies give you the same range of options as I expect you would get from charity debt companies such as StepChange? Thanks
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bankruptcy
What would happen if I decided to go bankrupt, i.e would I be made homeless? My situation is ex husband owns the property I live in and has a mortgage on it in his name only. We have a declaration of trust that says I own the equity in the property. I pay him half the mortgage cost. He pays the other half as I cannot…
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Entering a DAS....
Good Morning everyone! I'm currently in the process of entering a DAS (signed off the paperwork online on Friday) and it can apparently take upto 8 weeks to be in place. I have debts totalling £15K and was actually doing well reducing the debts, with arrangements in place with all my creditors but Walker Love recently sent…
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Savings or Debt Repayment - Advice Please!
I have been bad at managing my money. I am sure this is a typical story here. Me and my wife are crippled by monthly debt repayments as follows (not including mortgage).. This is coming at a very bad time with the rising bills etc. * Barclaycard - £2531.72 at 0% APR - (£121.55 calculated per month to clear the debt before…
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Unsure of best way forward
I currently have debts totalling nearly £14k (not including my mortgage). I approached stepchange online and initially was suggested an IVA, which got rejected due to equity in my home, and then was rejected from adding to my mortgage due to my level of income. I now have the options in front of me of a secured loan…
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Considering DMP/Trust Deed Advice …
I have spoken to Stepchange who have advised a DMP is more likely option for me as with what I owe and can afford to pay the creditors wouldn’t accept a Trust Deed. I owe approx £25,000 and can afford to repay £200 per month. This is the first month I have missed a payment (on my loan). I have one loan and 4 credit cards.…