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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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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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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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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…
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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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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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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 :…
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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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Unaffordable Lending Barclays
I'm just looking for advice if possible. I have been addicted to gambling on line for 20 years... I have now got this under control since having my daughter & trying to manage the fall out. I only have one credit card with such a large amount and I can see statements online as far back as 2015(I probably have had this…
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Minimum Payments
Good morning all, I'm just after a little bit of validation in my thought process and/or any other pitfalls/opportunities that I may be missing. I realise that this, in the grand scheme of this forum is fairly insignificant but still any advice would be appreciated. I have a credit card with about £5.8k on it, it's at 0%…
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Default all?
Hi all I am in need for some amazing advice. I have accumulated quite a bit of debt during my 20s (end of 20s now and making better financial decisions). This resulted in massive amounts going out in direct debits every month for mainly things that are on credit or credit cards. I have a car, insurance, house rent and…
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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…
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Notice about CCJ not being statute barred
Hello. I'm hoping someone can offer some advice. I have been getting letters and phone calls recently from Lowells regarding a debt with lloyds Tsb. I had no idea about it and checked my credit record to see nothing about it. As I did have an old lloyds tsb account years ago I thought it might be to do with that although…
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Very Old Debts Time Barred? Irresponsible lending? - Unemployed with £14k CC Debt
Hello, I am trying to help my mother out who has been going through a terrible time, including the loss of my father after several years of battling terminal cancer. Some of their finances are in a total mess and I would like to see what can be done with the debt, and I am wondering if anyone else may have an idea. There…
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Why do credit card and loan debts not result in bailiff visits?
I’m just interested it here, is it a legal point, or something that relates to CCAs? I had a visit a few months ago (posted here) for a reasonably small amount, further to a CCJ, however i have much larger credit card debts that simply result in endless letters Are there only certain types of debt that are permitted to be…
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Owing money I don't know about
I got a letter from intrum saying I owe money for a Halifax account but I never owed a Halifax account. What do I do
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DMP advice
Hi everyone I have been quite overwhelmed over the past 12-24 months and hoping for some advice and words of reassurance. Over the past 14 years I have accumulated £24K of credit card debt in the form of 0% offers that ultimately expired and while I moved them from card to card for a while and continued making payments,…
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Identify theft
Dear MSE, I have been a victim of identity theft. Someone has been using my PayPal account, which I set up many years ago and only used once for paying something online. The account was hacked and they changed the email and phone number on the account, meaning I have no access to it. Everyone at PayPal is refusing to speak…
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Resolvecall letter
Hi all I've had a letter from Resolvecall advising they're acting on behalf of Intrum (never heard of either) to collect a debt owed to Halifax. The account in question is probably 15 years old, and doesn't even show on my credit report, nor have I ever had a CCJ for this. The letter states that they will be visiting my…
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Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
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dmp or iva
I am self employed and my income has been pretty steady for the past 2 years, I have £22500 debt from credit cards and a loan which so far i have been paying just the minimum on everything but it has squeezed and squeezed my income and i am getting nowhere. I have no savings as I was using them to top up my income when I…
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6 figure debts more common now??
Had an interesting conversation with a friend yesterday who has been working for a debt charity. Apparently the number of people seeking advice with debts of 100k has risen hugely- usually couples with combined debts at this level. Our debts were not that far from 100k at the start of our journey and I considered us to be…
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Debt Stressed
Getting a bit worked up and stressed has led me to this forum. 33 and married, and as of 4 weeks ago have a 4 year old and a 4 week old. We have around 15,000 worth of debt which has slowly been accumulating over the last four years, this is generally spread across a Tesco credit card which has the balance cleared off…
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Irresponsible lending - is this really bad that this company has done this?
Hi, relative of mine struggles badly with mental health issues ( probably neurodiverse but no diagnosis). She’s medicated etc and struggles to make positive financial decisions when she’s struggling. last year a finance company allowed her to take 3 loans. She complained and it was upheld in her favour with the third loan…
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Will accepting reduction offer change this debt on my credit file
I have received a 9k reduction settlement offer on my largest debt, taking it from 12k to 3k. They’ve also said my credit file will be marked as partially satisfied. This debt defaulted in 2018, so would be moving off my credit file this year anyway. My question is, if I accept this offer will it change the date on my…
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A bit of debt clarity.
Hi, Was wondering if anyone could offer a bit of advice around my debts, or more so my now confusion on the potential solution. I've read loads on here and other things on line about the best way to go to clear my 61k of debt. It will either be a DMP or IVA and looked through stepchange particularly with budget tools etc.…
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Reconstituted CCA
If a reconstituted CCA is valid, then why aren't more creditors doing this instead of sending invalid CCA or stating they can't find the original? Surely it shouldn't be too difficult for them to recreate one, or am I missing something here?
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PayPal Credit default
My PayPal Credit account has showed in my credit report for at least a month now as defaulted. However I’ve never received the default notice from them in the post and they are continuing to write to me and send emails seeking minimum payments? I just received another letter today saying minimum payment by 8th April? I am…