We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.

How to settle debt

izzibear · 2017-03-15 10:03:22

Hi, I'm looking for some general advice about how to go about settling my debt. I owe around £40k in total on credits cards, an overdraft and a bank loan. About 5 years ago I entered into an arrangement with my creditors (an informal one, not an IVA) to pay £1 a month because mine and my husband's income dropped and we…

Comments

fatbelly Posts: 23,801 Forumite

27 April 2017 at 10:54PM

izzibear wrote: »

A couple of them have sent the dreaded income and expenditure forms for me to fill in, which I will do, but they've said they will only note my credit file as partially settled with a zero balance outstanding, and not as settled or satisfied.

The correct mark is partially settled

0