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.
Advice on my debts
Comments
-
There are definitely some outgoings I am trying to reduce like meals out, trying to spend less on fuel etc.
1 -
My first go to most times is do you need a TV licence? Many of us don't anymore. If you're watching live TV or use BBC iPlayer then yes you do but if you only watch something like Netflix then no you don't.
Have you stopped paying all your creditors? If not you should be putting in the APR and monthly minimum payment. That way we can help you focus on things.
You say some of the debts are recent but presumably others aren't. Have you ask for a copy of the credit agreement? Without these the debts are not enforceable. Have you also considered if you shouldn't have been granted credit - this may apply more to the more recent ones but maybe also older ones if you were financially vulnerable at the time. If you couldn't afford the credit then the creditor shouldn't have given you access and should consider compensating you for their error in granting you that credit.
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅🏅🏅🏅🏅0 -
Can you list the debts with the lender names please?
The payday loans, can you say if you had previous loans from that lender? Or any other expensive loans in the past few years that have been cleared?
0 -
Is this every month?
Pet insurance/vet bills................. 103.96
0 -
Yes I have an older diabetic cat.
This is vet insurance and a monthly pet plan.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards