So, what does all this even mean and where to start?

Little_Miki

Hey guys,

So I'm making a start on my missio. To be debt free within a year

I have my credit report etc from Credit Expert, but I have no idea where to begin.

Here's what it says, hoping someone can give me a push in the right direction.

Lender: HFC Bank
Type: Fixed Term
Status: Default
Balance: £959

Lender: HFC Bank
Type: Loan
Status: Default
Balance: £544

Lender: C L Finance LTD
Type: Bank
Status: Default
Balance: Satisfied

Lender: Santander Current
Type: Current Account
Status: Satisfactory
Balance: Settled

Lender: Lowell Portfolio
Type: Communications
Status: Default
Balance: £613

Lender: Capquest
Type: Communications
Status: Default
Balance: £137

Lender: Creation Consumers
Type: Credit Sale
Status: Default
Balance: £983



Soooo where so I begin?

LM

lvm

When were all the defaults applied?

timetogrowup89

I started my debt free road today aswell Think Im going to try and get rid of my smaller debts first so I can cross them off and feel like I am achieving something.

Have you worked out how much spare money you have each month for payments?

The_Boss

Yeah, need the dates of default.

Also are you paying the debts off to the lenders or third parties who they have sold the debt to?

Little_Miki

In order as written before, the default dates are:

30/04/10
31/03/10
27/05/10
Satisfied one goes here...
24/12/09
01/04/10
24/11/11

RAS

Ok

Next step, do a statement of affairs (SOA) which will tell you how much you have to put towards your debts each month.

Total is 3236 so it could be anything from months to years to clear it depending on your income.

Did you have PPI on any of these accounts?

Little_Miki

Hey,

Well in my other post I put about this, I don't actually have any of the paperwork anymore for any of these due to multiple moves and stuff and just generally ignoring everything.
I'm not sure about PPI... How can I find out?

LM