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An equity release mortgage, should they obtain the borrowers agreement before settlement
Apologies if this is posted in the wrong section (posted here because it's a debt) I'm trying to help someone understand
how funds are settled when an equity release mortgage is involved. Here's the
scenario: The 20-year interest-only mortgage term has ended, and the original
lender requested repayment of the debt. The…
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Credit card advice/information regarding what best to do
Hi I had a credit card I took £2k cash 2018 I paid every month until June 2021 I was under the impression I was In breathing space but I never received any notice of this I also never received a default notice and for the past 3 years I’ve not paid and heard nothing I know my credit file did have a default on it which I…
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Debt Consolidation Loan - Good Idea? + Should I pay off soon to be paid off loan?
Hi, I'm considering a debt consolidation loan to pay off all my debts and end up debt free for the first time in my adult life. See below for my debts and relevant details: Debt Type Amount Owed Monthly Repayment Final Payment Due Loan 1 £1624 £232 February 2025 Loan 2 £6000 £219 July 2027 Credit Card 1 £4400 £110 Credit…
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Please help well-meaning idiot (me) shake off longstanding irritating credit card debt.
Hello MSE. Long-time ‘financially incompetent’, first time ‘actively taking steps to ensure the preservation of my future’ here. Attempted to lay out my financial landscape below – if there’s anything I’ve missed out, or any extraneous information, please let me know and I’ll edit/update the post accordingly. HEADLINES:…
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Moorcroft F&F
hi all, Has anyone had any trouble with Moorcroft lately? I have an account owned by CapQuest, being collected by them at £16 a month. I reduced payment in November after filling in an online query form advising them I intended to, to £5 a month. I also completed an online query form advising I have just been paid a net…
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Council tax
Hi i live in Sunderland and for many many years while my husband has been working we have had the council tax taken from his wage some months £200 plus and on good months £300 plus it all went through the courts to do it this way. Now the company he worked for is no longer we have received a bill for £6000 plus saying we…
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Barclaycard Reconstituted CCA
So, I’m in a DMP and with help of forums like this I have made affordability complaints and reduced my debt from £70k to £38k in 10 months. I did have it lower than this because I have a £13k credit card debt with Barclaycard which they have defaulted and sold to PRA. I took the card out in 2004 and asked for a copy of my…
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On DMP so Nationwide won’t accept F&F
Have been on DMP for almost 6 years and have now sold my house, so in a position to offer Full and Final settlements. I am writing to all creditors using forum advice and letter template and obviously hoping for decent settlement offers. DMP is with SC - but haven’t involved them in settlements. Would like to have all…
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Intrum Settlement Offer
Hi, I am looking for advice/information on how to deal with the Intrum settlement offer of writing off 65% of the balance. I am not in a position to pay the 35% but I could pay 20%, the amounts are as follows: Balance £5796.15 Intrum Offer: £2028.66 I can pay: £1150.00 The debt is from 2014, defaulted 2015, and is no…
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Capquest letter NOA - what can i do to find out more? What should i do?
Hello I got a letter from capquest this morning saying they assigned ownership of a credit agreement between me and lloyds bank to Intrum Popular designated activity company. There is an attached Notice of Assignment (NOA) to explain more, which doesn't really explain more There is a reference number, and a large(ish)…
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Resolvecall Closed Account But Now Bothering Me Again - advice please
Hey everyone Sorry for another Resolvecall thread but this one is slightly different I think. In January I received a letter from Resolvecall chasing an alleged historic CC debt. I immediately replied with a standard "Statute Barred" letter They replied in writing stating "We confirm your account is closed with Resolvecall…
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Debt busting ideas. Track your "didn't spend", not just your spends.
I mentioned this on another thread earlier, and a couple of people seemed to like the idea, so I thought I'd post a general thread on my idea, and hope that it can help people bust their debt. As well as keeping a spending diary, to track every penny...also keep a "didn't spend" diary. So, every time you stop and think and…
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Cancelling direct debit after 1 payment
Hi all, I'm about to cancel my direct debits for next month on my 5 debts. 1 of them I've only made 1 payment and the other 2 payments. Does this affect anything? After paying back so little, will they be more aggressive with any action? They were both part of the borrowing to get myself out of borrowing spiral. Many thanks
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Token Payment 11 years - LBA - CCJ
Hi, OH has been making token payments of £5.00 per month for many years on a Credit Union Loan. Kept it going in the hope of getting funds to repay money as its a credit union. OH is disabled and has in the past communicated with the business herself - Not able to do so now. C Union were taking the token payments and…
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Statue barred help/advice
Morning all Need some advice , I had a debt with MYJAR £800 from 2013 , I have been hassled by a company in the first instance called ACI , I wrote to them in October 2022 using the template stating the debt was statue barred , They never acknowledged the letter , They carried on sending emails trying to claim the debt ,…
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DMP creditor
I am on a DMP and it is working well. I have a small balance of £31.49 on one of my creditors. Is it possible to pay this off without affecting my DMP
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Link Financial
Is anybody else here dealing with Link Financial and having problems accessing their customer portal? I've been trying to get in for the last 24 hours and just keep getting a "Bad gateway" message after entering login details. Even tried resetting my password and it took 4 hours just to get the email with the password rest…
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Unenforceable debt, Link now emailing threatening 'review...for possible legal action'
I have a credit card debt that was passed to Link Financial some years ago. As this was an old debt, I asked for a CCA request and they responded in writing to let me know they didn't have the paperwork and therefore the credit agreement was unenforceable. The letter was sent to me over a year ago, I haven't received…
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Is it statute barred?
Lowell have been chasing me for a couple of years about two alleged British Gas debts (I have good reason to think I don't owe them anything but that's beside the point). I sent them a prove it letter recently and they say I closed the accounts in February 2016 (I agree) and the default dates are October 2016, so if there…
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Debt Sold
hi everyone, im looking for some help! i had a loan with NatWest and they sold it to
Westcott, i had a payment plan in place with NatWest and then it transferred to
Westcott. long story short i had an issue and made a complaint with them, they
told me that they 'were passed the debt on the 29th March 2023' and was…
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Most recent: Saving for Christmas 2025 - £1 a day by Dizzycap
29 December at 11:36PM
