-
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…
-
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…
-
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…
-
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…
-
In Debt and Wannabe Debt Free? First Steps!
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…
-
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…
-
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…
-
Debt-Free Wannabe Sticky - Provit & Statute Barred Letters, Defaults, 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) Is your debt statute barred ? template letters here :…
-
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…
-
Debt Advice - Fresh Start
Morning, I have recently gone through a seperation and am now on my own with my children. I have a couple of debts and my outgoings are more than my income due to these and I am finding it rather difficult to manage. Sleepless nights, thinking about it daily etc. Then feeling guilty as i cant provide for my children as i…
-
DRO
After debt advice I am considering a DRO which I was hoping to apply for once I have stopped paying my creditors and all have defaulted which I know takes time, however I owe £2000 to a family member and understandably they would like it back. The only way I could do this is to do a money transfer from one of my credit…
-
Full and Final Settlement Options
Hello all, I’m hoping someone can offer some advice. My husband and I have some old debts that we are paying via stepchange. All are over 6 years old, so defaults have dropped off credit files and our credit ratings are now both good. All of the debts have been sold on from original creditors, some of them more than once.…
-
eBay Debt Recovery DRS Text Message £9000!
I had an eBay account a few years ago and sold a high-value piece of jewelry for around £9000. I sent the item to eBay's authenticity center (mandatory for this value), and the tracking showed it was delivered. However, eBay later claimed they never received it. After an investigation, UPS said it was delivered to a…
-
eBay Debt Recovery DRS Text Message
I had an eBay account a few years ago and sold a high-value piece of jewelry for around £9000. I sent the item to eBay's authenticity center (mandatory for this value), and the tracking showed it was delivered. However, eBay later claimed they never received it. After an investigation, UPS said it was delivered to a…
-
Recent issues with Lowell - wanted some opinions
This discussion was created from comments split from: Lowell Debt - How to find the date? Without resetting the 6 year rule..
-
Credit Cards and Credit Rating...what's best?
Hi, I have recently taken out a debt consolidation loan with my local credit union as I was paying 39.9% on one CC and 49.9% on another. I have paid off the CCs quite a few times in the past but always run them up again. Really keen not to do that this time so trying to work out what's best to do without harming my…
-
credit card debt
Hello guys, I am a long suffering citizen and have been since the bank bailout. I took out several credit cards 2 years ago because I had 2 daughters getting married. I do not regret the expenditure that brought memories. I am finding it difficult to service several cards with £7,000 of debt. I think I saw a message…
-
Salary in second account helpful?
Hi all, as I have posted previously I am struggling with overdraft most of my salary goes on rent, my sons nursery fees then paying off loans. I have some savings but not much left in another account. i just wonder so that its easier for me to see what’s going in and out, is one idea I ask for my salary to be paid into my…
-
Some help please on my debts - Credit Report doesn't show "date of default"
Hi All Hope you're all well Up to about 2018 we were in a Debt Spiral, over 75k as a couple, mostly C/c's, some bank overdrafts From early 2019 we set up time-to-pay arrangements, closed all c/c's / overdrafts, and have been living month-to-month with about £15 a month going to various Creditors. I have checked my "Your…
-
The start of default road
Hello, I have now entered default with one of two CC’s that I hold (MBNA) the other being Barclaycard which has not yet defaulted. I have had a scout through this thread and seeking some advice on how to take my next steps and things to avoid doing. I read about people going self managed which sound better and to take the…
-
Debt we don't know about? Is it even ours?
Hi My husband has today received a letter from Intrum saying that he owes more than £9000 and he has 'failed' to contact them. He's not taken out any financial products for around 15 years, so if it is relating to anything from before that time, it will be statute barred. He wants to phone them to find out what it's about,…
-
Starting out getting debt free - feeling scared
Hello, I posted on someone else's thread of becoming debt free and their advice for starting out and got some great advice including starting my own thread so here goes: Due to my own stupid money management I got myself into a debt spiral where I now can't afford my monthly minimum payments even though I have a full-time…
-
Bristow and Sutor taken money from my credit card without my knowledge
I recently made enquiries of debt consolidation through clear score. I never signed up to anything or gave my card details out at all. Today I noticed that £400 has been taken from my credit card (the one where I have credit left)! I have reported this as fraud to my bank and will get a refund but just wanted to warn you…
-
Mortgage or Student Loan
I could do with some advice on what I should pay down first. On paper it looks fairly clear but actually the renewal date on my mortgage is the thing that is making me so indecisive. I have recently come in to a lump sum so want to put it towards one of these from getting rid of my car (nowhere near pay one off in full).…
-
Intrum / Ratesetter , back date default ?
Hi everyone. Ive been on a self managed dmp for nearly 6 years. It was the advise from lovely people on here that got me through. Im plodding along with repayments, some of my defaults will be dropping off my credit file this year. In about 3 years I wish to try and move house, which will require a mortgage, by which time…
-
Employed again, started paying off debts, now Cabot digs up old debt
I'll start with a very brief summary..... Over a decade of fighting new and old debts, being self-employed with a tiny online business didn't help solve my debt problems. Then covid hit and the business boomed (I did not receive any grants or payments during covid) but when it all blew over and the country went into the…
-
Mortgage ERC hit or savings
Hi All, I am trying to determine what to do with a 40k lump sum I recently received. Facts: * I am about to take on another (big) mortgage (new relationship and savings goal for flipping a few houses). Total monthly mortgage payments together are about 1/3 my income. * I have about 40k left on my personal mortgage and have…
-
Help with Very catalogue debt
Hi, I owe Very around £2200 and I'm struggling to pay. If I ignore them and let it default how much would I end up owing? I'm worried about them piling interest on and on.
-
Just looking for some clarity on DMPs
Hi, I’ve been sifting through so many threads to try and understand the best way forward for me with my 50k plus debt across 3 unsecured loans and overdrafts. So, I don’t own my house is in my husbands name and he’s always paid the mortgage. I have paid the odd fuel bill and the council tax which I’ve been told means that…