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Debt-free wannabe

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

Lowell - chasing debts that I don’t recognise
Hi all, I could do with some advice. Lowell are emailing, writing and calling about 2 debts that they say that I owe. I have no recollection of these debts and have asked them, formally, to prove that the debts belong to me. They say that the debts were assigned to them by Hoist. Again I have re-iterated that I have no…
Debt we don't know about? Is it even ours?
Hi My husband has today received a letter from Intrum saying that he owes more than £9000 and he has 'failed' to contact them. He's not taken out any financial products for around 15 years, so if it is relating to anything from before that time, it will be statute barred. He wants to phone them to find out what it's about,…
Debt Management Plan
Hi All Today I took the step to enter a DMP with over 60k debt across 6 lenders. I have agreed to pay a good amount back but still awaiting whether the creditor agree to the payment amounts by the the company I am using. Has anyone had any situations where the creditor declines the payment amount? Really scared and worried…
Help with sale of house funds
Hi everyone, I'm looking for a wee bit help please. My mum recently had to sell her house due to her finances and she is now in a emergency accommodation.She has a little money left from sale of house and wants to clear her debt with it. Council tax and energy are completely up to date but she has a large amount with…
Newlyn Notice of Enforcement for Mother in law
Hello, I'm hoping someone can help advise on this. My mother in law went into a care home in April 2016. the home she shared with her estranged husband was sold the following year. He has since died. We didn't deal with house sale or any bills. Myself and my husband have an LPA for her. Completely out of the blue a letter…
Mortgage questions and debt management plans
I've recently completed a debt management plan, paying off close to £65k over the last 5 years, and I've been looking at the possibility of a mortgage rather than continuing to pay rent. I'm 53, so time is not on my side. I've got approx. £10k deposit available right now, and I started looking at mortgage options, but I am…
DMP & Joint Account Closure
Long time lurker, first time poster. I've amassed £32,000 debt in the last three months due to a terrible gambling addiction. I've now registered with GamStop to permanently self exclude myself from future betting. I'm looking to start a debt management plan with StepChange once my existing debts have defaulted and I've…
Help please if possible many thanks
Hi all - I am new to this site and would like some advice if possible. I will try to set to provide the headline and my question: Due to a gambling addiction that has recently been acted on I have unsecured credit card debt. I want to pay it all back but need the interest frozen to enable to do so. Min payments have been…
CapQuest & Resolut
So on April the 5th 2024, I received a knock on my door. An agent from Resolut working on behalf of CapQuest. The funny thing is the debt they're seeking to collect was already paid in full in 2015. A debt collection agency came after my Littlewoods/Very debt 3 months before the 6 year limit was reached. Having already…
Debt advice IVA or DMP
Hi newbie here just looking for some debt advice. I have a considerable amount of debt 48K across 8 lenders all unsecured credit cards, store cards and loans. I have had to give up my job to become a full time carer for my son who has a disability so my income will be heavily reduced. My son gets high rate care DLA so I…
Spiralling with my debt
So here goes, I’m new here and have read a few threads. So starting off I’m fully maxed out on 4 credit cards ie can’t afford minimum payments, so this week stupid me has been trying to sort it but during this i applied to step change for a dmp and also breathing space, then they said i would have to add on my personal…
Notice of Enforcement for Slough Council from 7 Years Ago
Hello 👋 I am seeking urgent advice, Please. I have just received a letter through my post from Stanford & Green civil enforcement dated 10 May 2024. I am quite shocked by this as I have no knowledge or prior correspondence about this. It came with my old name before divorce. I left Slough Borough in early 2016 after…
Just looking for some clarity on DMPs
Hi, I’ve been sifting through so many threads to try and understand the best way forward for me with my 50k plus debt across 3 unsecured loans and overdrafts. So, I don’t own my house is in my husbands name and he’s always paid the mortgage. I have paid the odd fuel bill and the council tax which I’ve been told means that…
Partially Satisfied
Hi One of my creditors has written to me today telling me they will write off 80% of my balance if I pay the remainder in full by the end of may. The has not defaulted but has had late payments. If I accept this offer, what impact will it have on my credit file? I can only find information about partial settlement on…
How best to use a lump sum and going forward
So apologies for the long post but I am hoping with the info a short term and long term answer can be achieved. Initial summary is we have a lump sum of money coming(around 20k) in the next few months and I am wanting to know how best to use it that will help in the short term and also long term. Area where I could use it…
link financial offer
got a reply today from link for an aqua credit card debt, I offered 33%, they refused and will accept 80% , this debt was assigned to link a year ago, but I'm not sure if they own all the rights or they are simply the agent, think they own it. this is the only debt that has never defaulted, I have asked them, but they…
Unenforceable debt texts threatening legal
About a year ago I wrote to my debtors and asked them to provide the CCAs. Neither Link nor Cabot could provide the CCAs and said the debts were unenforceable. I ignored all phone calls for a month and haven't heard from Cabot since. Link have been more persistent but I've carried on ignoring them and got a text from them…
Cabot
Hi, looking for some advice. My wife has 2 18 year old debts from a credit card & a bank loan. She has been paying Cabot monthly for the past God knows how many years. Cabot recently started getting antsy and asking for more money then threatening for people to come to the door. After some research here I got her to send a…
The trick I used to use that was actually tricking myself
Hello everyone: Usual forewarnings apply, this thread is just for curiosity's sake, it is something I used to do and I don't suggest anybody does it because it is not a solution: When I was a student that could not or would not budget, my friends and I happened upon a way of paying our minimum payments without actually…
Vehicle Finance CCJ
Hi all, new member and have been advised to post this in the debt section. Bit of a long one but I am looking for some quite specific advice or signposting to somewhere that may hold the correct information. Long story short, I bought an Audi on finance years ago and traded my old car in under the diesel scrappage scheme,…

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MSE News

MoneySaver's 'unbelievable' £675 refund from Complete Savings – how to check if you can claim too
MoneySaver Ray secured a £675 refund from Complete Savings after reading our warning about the 'cashback with a catch' site's misleading 'click to claim' ads. And Ray's not the only one, as we've been swamped with similar successes.
Origin broadband customer? You'll soon be moved to Utility Warehouse – here's what you need to know
If you're an Origin broadband and home phone customer, you'll soon be automatically transferred to Utility Warehouse – but your service will continue as before and you should keep paying your bills as normal.
Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and savings
The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.
Is now a good time to fix your mortgage or should you wait? Brokers answer as rates continue to fall ahead of expected Base Rate cut
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait?
Fixed-rate mortgages continue to fall ahead of expected Base Rate cut – so do brokers think now is a good time to fix?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further?
Martin Lewis: How to call your bank by dialling just three numbers
How to call your bank by dialling just three numbers… simply dial 1-5-9. Then you know it's legit. Watch MoneySavingExpert.com founder Martin Lewis' video below, which explains it. And please share – the more people know, the fewer will be scammed.
Martin Lewis: How to call your bank by dialling just three numbers – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.

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Debt-free wannabe

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