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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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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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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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13 yo credit card debt / CCAs and partial settlement
Hello - my first ever post. I have two queries. In 2012 I defaulted on several credit cards. Been paying them all a tiny amount per month ever since. All has been quiet until recently when Cabot suddenly started threatening me with debt collectors and sent someone round who left a card. (An issue may be that my direct…
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Advice on my debts
Hi all, Where to start! I am living alone in a rented property (HA) and I need some help regarding my debts as I cannot continue living as I am with the cost of living and taking more and more credit. Current debt stands at around 14k which is a mixture of credit cards, loans, catalogues, phone contracts etc. I have 3…
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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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Halifax default after account misuse – debt now with Wescot – next steps
Hi all, I’m looking for advice regarding a Halifax account that has recently defaulted and been passed to Wescot for £410. In late 2024 / early 2025 I was introduced to some individuals by a mutual friend. I was told they could help me make money through crypto-related transactions. I now understand this was a scam /…
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Profitable Amazon business, now under heavy debt pressure - looking for advice
Hi everyone, I’m posting here because I’m currently under significant financial and mental pressure and would really value input from people who have gone through similar situations. I run an Amazon business (UK/DE). Two years ago the business was generating between £7-10k per month in profit. Based on that performance, I…
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£57k debt - Stepchange or self?
Hello, I (29M) am finally resolving my debts after years of letting it get worse, I found myself trying not to miss payments and so took out further money which got me into this hole. (Not missed any payments on anything) I have 4 loans, 3 credit cards and 3 overdrafts and I am looking at a DMP with Stepchange, I can…
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Best way to manage
Hello, I currently owe 6,000 on a credit card and I am able to afford minimum payments each month. After 2 years I am now being charged interest of 26.0% - 30% compound equivalent, meaning of the £250 payment I make £122 will now be the interest. I also use all of my £500 overdraft every month. I am unable to get a 0%…
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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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Consistency in Financial Ombudsman Affordability Complaints
I currently have 6+ complaints in with the Ombudsman about numerous cards and loans. I am struggling to understand the lack of consistency in their investigators findings. For example, one investigator has agreed that one company should not have given me a loan of £4000 in late 2024 due to the fact that it was plain to see…
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Pension Payout used for paying off debt
I'm at an age now where I'm thinking about possible retirement and looking at my pension options. One of those is that I can get a 25% pay-out when I turn 55. As I have a significant about of debt, 30K+ that is manageable and reducing, paying £1000+ per month. I wondered if it would make sense to pay off that debt using…
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Advice on my debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
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Lost court cost expenses
Hi al I have a debt of 10k from the council It has not gone to the bailiffs yet as very early. I jave mit got a formal letter yet from the council Ive just been told what the amount is. Does it matter what the debt is actually for from the coincil as to wether they offer a payment plan? Its mot council tax debt its debt…
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Verify Home Visit
Hello,I owe a couple of debts from an old address about 13 years ago.I never informed any company I owed money too that I was moving.I have recently received a few letters from debt agency's at my new address which I have ignored.The mist recent 1 is from Verify saying they are sending someone for a home visit.I have not…
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debt free wannabe (huge financial family mess)
Hello, I have this MASSIVE family financial issue and I am not sure how to resolve it. Help, please! My husband has no income as his two business are not producing any profit (and they never had since 3.5 years ago, when he started them). My income is good, but not enough to support a high mortgage and a family of 4 (2…
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10 Year Old Catalogue Debt
I have just received a letter from a debt recovery agency about a catalogue (Fashionworld but changed now to JDWilliams) debt from 10 years ago.I have not had any contact about this debt in all that time.It is for £1500....Would this debt not be statute barred and what would my next steps be.I am in Northern Ireland..Thanx…
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DMP and Lump Sum
Hi, I have an incoming settlement from a divorce (buyout from FMH) of £38k. I have £30k in debts across various credit cards which were needed to start my life from scratch unfortunately. All debts have defaulted and passed to agencies, currently paying £100 a month through a DMP with StepChange. I understand that I will…
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PRA Group- Barclaycard debt
Hi My husband had a debt with Barclaycard for £13k that was sold to PRA Group in March 2020. He has been paying PRA via direct debit £20 per month, he was for a while before B/card sold the debt to PRA paying £20. He didn’t have to change direct debit details or anything, this just continued once PRA took the debt on. My…
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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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DMP Journey
All I am three months into waiting for accounts to default following missed payments. I have 6 creditors owing approx. £92000. I have done a SOA with stepchange and I can currently afford £500 a month towards paying off my balances. I am self managing now after identifying a workable budget. I made affordability complaints…
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Making a full & final settlement offer
I am currently in a DMP that will take 14 years to complete. A friend will give me money to make a full & final settlement offer. Should I make the offer through my DMP provider or go to the individual creditors myself?
A place for MoneySavers to share their journeys towards debt-free living.
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.
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Most recent: NST February 2026 - You Are Enough by DawnW
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