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Feels like im going under!
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Sit tight, have faith, do nothing.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
The letter says theyve shut the account and wnat full balance.
Wat do I wait for sir?0 -
Have they defaulted you?NiteEyez1980 said:The letter says theyve shut the account and wnat full balance.
Wat do I wait for sir?
How is your new SOA looking for the new budget? Have you begun to work out what you might have as a surplus to pay towards the debts? That's the next practical step really - but absolutely don't go making anyone any offers until such time as you know that a) the budget is definitely working and b) you have the defaults. (Otherwise you will end up with arrangement to pay or missed payment markers which will trash your credit file for longer.)
Remember - YOU are in control of this situation now, you don't HAVE the money to pay the full balance, so what they want is largely irrelevant!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Hi ya,
Letter says they have terminated my agreement with immediate effect.
Luke0 -
It's the default you're waiting for remember.
This is the time to be refining your budget - let the creditors do their thing, and resist the temptation to engage with offers - at least in part because until the revised SOA/budget is in place you still have no idea how much is available to offer!🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
They are just going through a process. You need to wait for the defaults.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
Save £12k in 2025 #1 £12000/£70000 -
Past due are incessantly emailing me.
My worse luck continues. The 8 seater just failed it's mot.
My broken tooth now has an abcess and it's hurting me and I'm getting major jaw clenches form the antids
Factor in my wife is really not coping with budgeting and saying "no" to events and overall what was going positive now feels like a sad trudge0 -
How much do they want to get the 8 seater through its mot?
At least it will be properly spring soon so she can suggest some super cheap outdoor gatherings like during lockdown. I’m surprised no one from her friendship group has admitted to things being a bit tight themselves yet.
What would happen at this pre-DMP point if you had to spend on your existing credit to get your car working again?1 -
Mot was £50
Failed on its jet washers. Waiting on a quote.
Whatever it is it'll be good shopping money thatll have to suffer as emergency fund went on the other probs.
In the past it'd have been a cc job1 -
Daft question but has everyone lost interest in my case??
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