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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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£43k DMP?
Hi all I've done a budget with Stepchange and worked through £43k of debts (credit cards) - 0% balance transfers, yadda yadda, all got out of control. The budget has £410 per month to pay towards our debts. Overall question, is it best to do to a formal DMP through stepchange, or manage my own and dedicate efforts in…
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Debt write-off due to mental health illness and long term unemployment
Hi everyone, I’m looking for advice specifically on having a debt written off for my mother due to long-term mental illness and lack of capacity. A card was posted through her door by ResolveCall, saying they attempted a visit regarding an account. No details were given about the original creditor. Background (important):…
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Find myself in debt again! (Scotland)
You would think I’d have learned the first time round! This time round it’s way worse! £30k worse! I’m currently at the stage of missing the first payments so few months of defaults yet. Is there a template letter for offering token payments (once debt has defaulted) What do I need to provide to offer token payments? Bank…
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Thinking of DMP with Step Change
hi , I’ve completed a full assessment with Step Change as I just can’t carry on with a substantial amount of debt 70K accumulated over a few years due to some serious health issues husband and myself and erratic income. So far I have maintained all repayments but have used all of my savings. We are both in our 70s and I…
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Self managed DMP help
Hello everyone. I understand this topic comes up over and over again but I would really appreciate your time to just clarify a few things, just to make sure I do things in the correct manner and to not dig myself a deeper hole. iv been reading a lot on here so I think I have everything I need possibly. I have debt of…
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Field agent visit
Hello, I have been up and down with debt for years. I have about 5 low level debts with Lowell, ranging from £200 to £2600. I have one with TM legal which I pay £1 a month towards. I have one more somewhere from an old mobile company. I have signed a new contract at work to increase my hours so will have a bit more income,…
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Economic abuse
Hi everyone, I’m dealing with a disputed credit card balance linked to financial abuse and coercive control in a relationship. The matter has been reported to police and I’m preparing a formal complaint to the card provider after they sent me an initial decision they will uphold the transactions as I shared my card/devices…
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Nearly there - What would you do?
Hey all, So my wife and I have been working hard over the last few years to become debt-free after many years of irresponsibility. We no longer have any personal loans or credit cards. We do have a mortgage and a couple of PayPal pay-in-3 agreements, but the figures are all smaller and manageable. The issue we have now is…
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Lowell /resolvecall
Hi i have a statue barred debt, I sent a statue barred letter to lowell and they just kept coming back with discounts via letters I never responded, I have been having text off resolvecall and today a letter do I send a statue barred letter to resolvecall Thank you in advance for any advice
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Starting monthly payments
Hi, we stopped paying cc in June. We have a significant amount of debt, 75k, spread over 10 cc and an overdraft on a joint account. 8 cc in my husbands name and 2 in mine. We've had one of mine transfer to Wescot, two of my husbands Transfered to Wescot, overdraft transferred to Wescot. One of my husbands has transferred…
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Capquest/AGG - on a fishing expedition...
Hi all, first time in this part of the forum, but had success seeing off a PPC last year. Anyhow... Opened a suspicious letter from an unknown address and was expecting it to be PPC PCN - but lo & behold it was a letter (actually two) which seemed to be from Capquest saying they had now assumed a debt from AGG. Neither of…
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Money Moral Dilemma: Should I pay off son's debts for a second time?
This week's MoneySaver who wants advice asks... My son moved back in with me after splitting from his wife eight years ago. Now two of his daughters live with us too, and he has just quit his job as the hours didn’t work with childcare. He owes £20,000 to banks and credit card firms. Do I give him the cash to clear it?…
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Serious questions about Debt Management Plan and StepChange
So, I've been on a token repayment plan for the past 4 months with StepChange. I have informed them that I've had a small bump to my income and as a result, they want me to ring them and redo my budget over the phone. Now for transparency: My income is £29k plus a £5k part time self employed job (100 a week or so) so…
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ACI / Updraft
Hello, I posted my first post last May 2025 mentioning I was approximately in £70k of debt due to gambling. Today, I am mentally feeling a lot better with my debts across 11 creditors at £57k so I'm immensely proud that the balance is going down. I did go self managed and found thing so stressful so I went with PayPlan for…
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Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
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Debt Management Plan
Good afternoon all, I hope this finds you well - sorry if i have not posted this in the correct place. I have broken up with my partner for the right reasons, however we had credit card debt which was solely in my name so now i am lumbered with it all. It's around £40,000. These are made up from several credit cards. After…
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Communicating Change of Circumstances with Creditor
Good morning My partner and I are going to be splitting up this year and selling a jointly owned house. I'm going to struggle paying my credit card bills next month. I had my heart set on cancelling direct debits and starting saving for a DMP as they default but reading further threads some people have had success talking…
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Resolvecall
Hi All I am worried sick they are going to call at my home 10 years ago I hit on hard times with credit cards and agreed with the bank to pay the dept off at £5 a month From then till now I have done that The bank sold my dept on to a DCA and I received a letter from the bank telling me they had done this and I didn't need…
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Affordability complaints?
In 2017/2018 I was living in my 1500 hsbc overdraft, maxed out on my hsbc credit card and got a loan with hsbc to pay those off and cover day to day life.I then consolidated and got a bigger hsbc loan - 18k which then meant I had more payments to make each month, I got a 4500 mbna cc followed by an aqua card where the debt…
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Most recent: Dreaming of being Debt Free by Debt_Smashing
12 February at 11:23PM
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