-
Pls remember Debt-Free Wannabe's for support and help not judgement
Martin (Lewis) made the following announcement a few years back. But the link in the stickies is broken. Anyhow, here is what Martin said: "Dear Money savers..... Debt Free Wannabe is one of my favorite boards on this site. It's also one which runs a delicate balance. Many people who have serious debts have hidden them for…
-
Charging Order? The myth
I feel that this is so important that I thought a new thread should be made to highlight the importance of understanding the law on Charging Orders and how many people are stuck with their property in the false believe that they have had a Charging Order put on their property. In particular the thousands of Northern Rock…
-
In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
This thread provides guidance about some good first steps you should take if you are in debt and want to get debt-free. It doesn’t matter how big or small your debt is, or whether you are comfortably paying your debts and looking for advice on where to cut back further or struggling to cover your basic needs - we are here…
-
DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health Help and Guidance, all here.
Debt-Free Wannabe Sticky - Please read for links to important topics and help Hi folks :) This is the Debt-Free Wannabe Sticky where links to all current important tools and information will be posted. Links: (1) Those who are new to debt, and want to know where to start, check out these first steps :…
-
Reclaiming money back from various payday loan companies
Hi all just wanted to share some good news regarding payday loan companies..... From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20. Early this year I saw all the news…
-
Struggling with debt? Ask a stepchange debt adviser a question
If you need help with your debts, this is the thread for you. This is a new thread, as the old one was getting a tad long. Trained advisers from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! There are three ways to get in touch: 1 - Simply post…
-
Statute barred debts and the Limitation Act
Statute barred debts and the Limitation Act Statute Barred debts. A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period. The debt would then be legally UNENFORCEABLE, unless the creditor has already taken legal action…
-
DMP mutual support thread part 13 !!
Welcome to the DMP mutual support thread Part 13 !! Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for. There is help on getting interest and charges stopped, how to start with an…
-
The Debt Free Roll Of Honour
Update December 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below. To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion Back to Martin's original…
-
NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
-
Good Friday Update: £39,800 cleared - what I learned
**Long post alert ** As scheduled I’ve just paid the last of the wretched £21k loan I posted about in my first thread: What would you do? CC or loan please help I’m not quite debt free since I’ve got around £7k to clear on CC2
but the money I’ve freed up by clearing other debts means CC2 will be gone within
3 months. So…
-
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…
-
Beware the December pay trap!
Yep - here we are again, time for the annual warning thread,,, I'm talking about the "December pay trap" - you know the one, rather than being paid on the last day of the month, or the 28th, "because it's Christmas" your company set up the pay run early - anything from 10 days early. The money lands in your bank account,…
-
Debt free as from today.
I'm posting this in the hope it may help others who are perhaps early in their debt free journey. I know I always felt there was hope for me when I read how others had become debt free. I've had a lot of help and support via this board and for that I am so greatful. The dairies are inspiring and full of good tips. I'd…
-
The Value of Building an Emergency Fund (EF)
We get loads of people posting their Statement of Affairs (SOAs) that do not budget something toward their EF each month. It is just so important and really is an essential component of most successful monthly budgets. The benefits of an EF have probably become most obvious during the current COVID-19 crisis. Many of us…
-
Just a quick thank you
I racked up debts to the tune of £14k in my early 20s, largely by burying my head in the sand when things went wrong, and got my act together about two years ago and started reducing the debt, largely thanks to this board and the Debt-Free Diaries board. I've been debt-free since February 2021 and it feels amazing. I was…
-
It's Done!
Hello everyone, I don't want to make too big a thing about it what with so many folks suffering in the current situation, but today has seen the very last payment go to StepChange and I am, after very nearly 10 years, debt free. It has been a long and at times very tough journey but I want to thank all the folks on this…
-
I am officially debt free.
Hi all, Today marks the day I am officially debt free. It's been 3 and a half years (since I actually started to take control) and I can't quite believe I finally made it to this stage but here we are. I mainly wanted to post about it as if it can serve just the tiniest bit of motivation to someone out there struggling to…
-
Hello strangers - update from me
Hi everyone I disappeared from the forum a couple of years back. Difficult health circumstances (not me this time but my hubby) meant life interrupted. Anyway, I thought I would do an update to let you know we have persevered with our self managed DMP. Having started in January 2015 with just under £95k of unsecured debt…
-
Debt Free as of next Friday!!
I wanted to post this as encouragement to those who are where I was 18 months ago.. Go back to January 2019 and I was £40k in debt.. I wont go into the full how and why..but it was all credit card debt. I was very fortunate to have a decent paying job but I had still been at that point for over a year and just managing to…
-
A big thank you to this board
I've only just signed up to the forum, but I've been a lurker since 2020 when I finally dug my head out of the sand after getting into horrific debt in my early 20s. The debt-free wannabe board and the debt-free diaries were incredibly helpful in showing me that there is light at the end of the tunnel, and I came here…
-
The perils of consolidating debts
Hi everyone, I know this has been discussed many times on this forum but I just wanted to share my experience of consolidating debts. In March 2023 I will pay the last payment of my £15,000 loan which I took out 5 years ago. I remember at the time thinking this will solve all my problems, it will be one payment a month-…
-
Hello - new here and panicking? You're in the right place. :-)
One for anyone new to the boards - perhaps you've got here because you are really starting to feel the cost of living rises - your daily commute cost has increased to a level where it leaves you nothing spare each month, your energy company wants to increase your direct debit, but the extra on the commute means there's no…
-
Success
I just wanted to say a huge thank you to all the resourceful help this website gives i had very old debts mostly of 20 + years and thanks to advice given on here and how to go about sorting it out, they are all closed even a CCJ I am not saying it’s good to ‘not pay’ they were very old debts which had been purchased…
-
End of my DMP ! Debt free tips tricks and advice from someone who’s done it !
It’s official, as of 08.36 this morning my debt management plan is complete. My stepchange dashboard is zero across the board & it is all gone ! I have some final thoughts and some tips and tricks I’ve learnt along the way. I want to preface this by saying I am not a financial expert , I would just like to share my…
-
Success Story - OG Debt-free Wannabe's 2022 Report
"I've only gone and done it" I joined in 2006 carrying more debt than I could cope with. I've been on the brink of repossession, survived crisis after crisis but I've now done it. I have no debts, except the one noted in my sig file. I have savings to survive 6 months in a 'worse case' scenario. My advice to others is…
-
Notice to Newcomers - (re Trolls) Reminder to all......
Hi and welcome to the DFW (Debt-Free Wannabe) Board :smile: Every now and then we have had a number of offensive and insensitive comments made on the DFW board. What do we mean by this? A person that posts deliberately provocative, nasty or hurtful comments on threads is known as a Troll. They may be a person with no…
-
Update from me.
Hi. Offline for a while. As diagnosed covid 19 positive, my SATS were very low. Currently in ICU and responding well to treatment. I do check this forum still as and when I can. Thank you.
-
If I can do it - YOU can do it!
Back in about 2004, I joined this forum to try and deal with my debt problems. At the time, I never EVER thought that I would be able to sort myself out. It was depressing and it was almost all consuming. I had a job that wasn't paying well and my outgoings were pretty much all of my income. I would read the odd post in…
-
Debt and severe mental health - write off
I posted a while ago asking if debt could be written off because of severe mental health, I was ready to take my own life due to debt. I had help from debt advisor who took my case and my psychiatrist sent in the form and letters. I had huge debts with 8 companies. 5 have agreed to write off my debt and I have 3 to hear…
A place for MoneySavers to share their journeys towards debt-free living.
9K discussions
1.7M comments
Most recent: Three years to get debt free by Willowtree222
Today at 2:46PM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.