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Self managed DMP - do I start repaying now?
Hello all Following the extremely helpful advice on this board, my personal credit card debt was no longer manageable (repayments of over £1k a month which I couldn't afford) and I'd run out of balance transfer offers, and all my cards were at standard interest rates so I stopped all my direct debit payments for my credit…
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I want to be debt free in 2026!
Hello :smile: I'm new here but I've used MSE and read posts on the forums in the past. Over the last 10 years or so I've constantly been in debt and nearly out of it and then back into debt. It's been a range of things but usually just not making enough money to cover everything I've needed. I started a new job in March…
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Spending limits
Hi, does anyone know of a bank that lets their current account debit or credit card users to be able to set a temporary spend limit, lets say £100 over 12 hours, that would be irreversible? Asking for a friend 🤣
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Advice needed
Good evening. I have been a very long time lurker on this site and I now find myself needing advice. I have around £30K of credit card and loan debt; 11500 with Natwest £1700 to Capital One £2500 to NewDay (Fluid) £2500 to Vanquis Loans: £4888 to lendable £6590 to Zopa This month is the last month I can make all minimum…
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Car on finance held before and after discharge bankrupt - years later - made no payments for years
Hi, looking for some advice
please. I had a car on finance before then being made bankrupt. I have still
got the same car and it has now been a few years since i was discharged from bankruptcy,
now i haven’t made any finance payments as the payment direct debit was
cancelled years ago, and the finance company haven’t been…
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Help need advice
I have just been hit with a repayment of outstanding council tax (£3.5K) from around 20 years ago from my employer! Only worked for them the last 7 years and this is it just coming out now despite pre employment checks being carried out when I was starting and nothing flagged then. I can set up a payment plan via my…
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DMP / IVA or Self Managed DMP?
No one offered any help so I have deleted my post.
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Debt
I owe my Sister - £7,262.62. PayPal Credit - £3,109.97. M&S Credit Card - £2,800.62. Klarna - £441.26. I also have a Mental Health Condition. I think my Debts will only get cleared if I keep paying and only spend when I have balance on my Debit Card, will take determination. I receive Universal Credit with Disability…
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Overdraft
Hi I have set a goal to clear my OD in 2026 which i thought might be a bit much but going to start trying to side hustle, learn more about personal finance (Psychology of Money book ordered) and just be a bit more money savy. I then thought to reviewed my OD interest over 2025 and it came to £585.01 😳😳😳 - that's 1/5 of my…
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Debt being recovered by two separate companies?
Hello, would be grateful for any advice. Self managing a DMP, all been pretty smooth. Have set up payments towards most debts. I had a 13000 loan with RBS, and there are two different companies, AIC and Zinc contacting me about the same debt. I don’t really know which to deal with. Thanks
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Council tax help!
Hello, I woke up to an email this morning from a company called Jacobs saying I had council tax debt of approx £1500 and to contact them to make arrangements asap basically. Now I have two previous council tax debts which I am slowly paying off, agreed payment plan with the council. However when I checked my payments I…
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02 mobile
Hello please do judge me, I have been very ill the last 3 months and am struggling. I have severe heart and lung problems. Anyway I have fallen behind with my bill. Handset and airtime. I’m worried now that they will cut the handset off I need the handset working due to ill health. I’m not fussed abut the SIM card just the…
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Where do I start?!
Good morning all. Newbie over here, mulling over life as we approach the new year. I'm in a lot of debt. I genuinely don't know where to start, or what to focus on, and with so much financial information and guidance out there, I thought I'd go back to basics, and get everything written down on paper (or on a website forum…
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More debt to clear debt
Hi everyone, I have a situation. I am currently in around 50k of debt. Most of it I am paying a small token gesture, and interest is frozen. However, 10k of it I am paying £700 a month, I can't get it lower (court ordered and family) and it is a chain around my neck, and I can't think of anything else. I am working 7 days…
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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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0% Balance Transfer or Loan?
Hi All, I've been in debt for a while and honestly I've not managed it particularly well largely due to various external factors. I've been offered voluntary redundancy at work which would pay me out roughly £50k and I intend on taking it at the end of the year with the view of finding another job. My question for you all…
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A Smooth Step Change
Hello all, Been on my Step Change for 6 months. I have made my payments. Ie had one debt transferred and not too many letters. I am hoping this is it, for the next 4.5 years, I just make my payments and my credtiors are happy see i am being consistent in payments and life plods along. Is this the case? I feel like I am…
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How to totally freeze credit for UK citizens?
Is there a way to freeze all credit applications? To prevent getting in debt and also identity fraudsters taking credit out? I have searched for this but only seems to be an option for USA residents and not UK? Any help appreciated
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Defaulted notices
Hello, I have now received default notices from 3 of my creditors be NatWest, 118118 and Updraft. All asking me to pay a specific amount by end of October . I will be leaving the country in few weeks time. Do I have to write to them back or wait for more letters? I have also set up a new address for them to send letters to…
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Link financial declined payment offer
I made a monthly payment offer to Link. It’s low but all I can afford. They declined it. I’ve since gone on and done their budget tool to prove it’s literally all I can afford. Can they do anything/take action? Life and circumstances have changed, I know I owe the money I just can’t afford more right now. Thank you
A place for MoneySavers to share their journeys towards debt-free living.
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Most recent: Let's get this sorted then! by Rhyddid2026
Today at 12:38AM
Forumites help each other push down their debt by setting challenges and encouraging each other to achieve their goals.