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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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 :…
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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…
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Cabot and Mortimer Clarke
Hi all, Not a great day today as I've had letter from Resolvecall AND Cabot on the same day. Not a nice feeling at all. My letter from Cabot states that one of my accounts has been passed to Mortimer Clarke Solicitors. What does this mean and what could the potential outcome be?
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Resolvecall threatening a home visit
Hi guys, Some of you have assisted previously with my current situation which is currently manually dealing with my creditors and not offering to make any payments. All of my original debts have now defaulted and I am dealing with the likes Lowell, Link and Cabot etc. Lowell have been great throughout the entire process…
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Help DMP not DRO or IVA-should this be in benefits?
63 year old lady Please don’t judge me being on benefits since my health massively deteriorated over past 5 yrs plus and work issues etc Debt credit cards £9k Car asset paid for - Parkers estimate private £4740 - £5920 (needed as long term Ill health and severe mental health,live out in country very little transport, many…
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Default and DMP Plan thoughts
How do, been lingering on the forum for a while and just thought I'd ask if my plan makes sense (based on a mix of forums and elsewhere). After being in continuous debt over nearly two decades, I'm not getting any younger (43) and I want my debt gone by I'm 50 to concentrate on saving for retirement (beyond work pension).…
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Getting ready to do the Lowell dance on a 5 year old default, what should I prepare for?
Hello all! Long time reader, first time poster. I defaulted on a PayPal credit account in February 2021, for £1450. Life took a turn for the absolute worst, and I didn't have the bandwith to advocate for myself, so I made the poor choice of just sticking my head in the sand. The account defaulted, all letters from PayPal…
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Debt advice
Got myself into a little bit of mess with credit card debt I owe. £2890 on a Lloyds card to be paid by October 1300 on a NatWest card to be paid by September I will have raised £1500 by the end of April currently working lots of overtime to raise the money and will be able to pay £300 a month no overtime assisted after…
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Zopa letter
Hi, So a repayment plan I was on with Zopa for 3 months has just come to an end. They have sent me a letter today (dated 17th Feb) informing me that "my loan will soon go into default." But then it also says "Get in touch today to avoid a Notice of Default." So does this mean it's in fact a notice of arrears and I have…
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Working towards reducing credit card debt advice
I will prefix this with I am unsure if I should be posting here or CC forum - please could it be moved if deemed to be in the wrong place? :) We have a bit of a stress-on as we are in a bit of a hole debt wise, not helped by my wife currently being on statutory maternity pay, us having welcomed a baby last summer (I also…
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CCA request and interest
Hi I am currently on a DMP and looking at sending some CCA requests to my creditors, if any of them come back saying the debt is unenforceable and I stop paying are they likely to start charging interest again? My worry is if the agreements turn up in the future I don’t want to have a load more interest/charges to pay, if…
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DMP, maxing credit and full and final offer
I have been reading through all the DMP posts and I see someone asked should they max all their credit before starting their DMP so they have a large emergency fund and can make full and final offers? Is this a route anyone takes? How early in could you make full and final offers? If you have a little lump sum available…
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Amount of Unsecured Debt
Hi again Can I ask does it make a difference the amount you owe one credit card company as to the action they will take when you stop paying monthly payments? My largest credit card debt is 25k and this will be the first month I am not going to pay. Just feeling nervous about what will happen. Thanks
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Sending letters to Creditors
hello everyone, been a while now. I would like an advice on whether i should write to my creditors and say i am out of the country and not returning? I have been contacted by transave and been asking for me to settle. Otherwise, legal action will be taken. Should i reply to this or let it go? Thank you for those who will…
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Debts and DV
Hi, it’s been a while since I’ve been on here but I really need your help. i have recently ended my marriage which included physical, emotional and financial abuse. I have been in contact with CAB, they say it will be hard to get any write offs due to financial abuse but they will try. My husband was in and out of work and…
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SOA questions
hello I am trying to complete an SOA to inform next steps and just have some queries if anybody can help. My partner is joint owner of the property however we have been living separately for over two years due to a severe mental health crisis and during that time (and ongoing) I am paying the mortgage and all bills in our…
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Drowning in debt, please help with next steps.
Over the last 15 years I have made bad decisions which has led me to nearly £90k worth of unsecured debt. Huge chunk of this has come from investing in a business which did not do well at all, I am now struggling to meet the minimum payments. I have around £90k of unsecured debt spread over 8 credit cards ( 5 of them are…
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Voluntary termination delayed collection
hi clever people I have voluntarily terminated my PCP with BMW. They have confirmed this in writing and state to wait for arrangement of collection of the vehicle. My question is, our next months payment is due on Friday. If they don’t arrange to collect the car before this date, will the direct debit be taken again? Are…
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Another Resolvecall issue
This discussion was created from comments split from: Resolvecall letter.
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Creditfix queries and closure
Hiya. Me again. The dreaded IVA just cropped up in my mind. So I thought I’d ask on here as you put my mind straight last time :) If all goes to plan I am 18 more payments of £256 off of completing the 60months. I don’t own a home or anything of significant value. So will that likely be it once I have made the 60 payments?…
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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Broadband provider final bill sent to collection agency
Hi all, Need some advice on how best to proceed with a outstanding balance with my previous broadband provider being sent to a collection agency. I have several defaulted credit card balances split across 3 or 4 debt collection agencies. I’m a resident in Scotland and they are all due to become prescribed within the next 6…
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Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
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