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Cabot and Mortimer Clarke THREAD CLOSED
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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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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Tackling £31,000 of Debt
Hi there, I hope this post is in the right place? I would like some help. I really want to start tackling my debts. I am 27, self-employed with a rough income of £2500 a month. I had some issues the last few years, struggling with depression and addiction. This led me to borrow a lot of money that I didn't really…
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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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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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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, 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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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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Improved situation but still unstable income — best next steps? Self-managed DMP?
Hi everyone, I posted about six months ago after being been made redundant and my debt was mounting up quickly. At that point I was in a really difficult position, pretty much having to choose between paying debts or keeping a roof over my head, so I stopped paying most of my creditors. I did continue paying a few of the…
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Some advice on debt management and secured loan
Hi all, hope this is the correct place to post. I am looking for some advice on what to do before making a decision. I work as a self employed handyman and have had a tumultuous few years. I lost my mum in 2020 and was left with some inheritance that I didn’t really use wisely, I then sold my house in London which again…
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Advice and help with £28k debts
Hello all. Long time lurker here. I've read and taken in a lot of advice from all you lovely people and have finally decided to admit to myself I need help and advice. To cut a long story short; I've had some form of debt since the age of 18 when banks threw credit around for fun (40 now, time flies). 2009 moved in with ex…
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Bereaved, and now debt collector has written.
I hope this is the best forum for this question. I'm an ex debt free wannabe under a different username who is now debt free. Or i was... My partner died last year, I was the executor of his will and there wasn't even enough to cover his funeral costs. He wasn't named on the deeds and had no savings or anything. He had…
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