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Big CC/overdraft debt, unusual situation - need advice please
Hi there. I'm realistic that my situation may mean that I can't be helped, but I'm trying to be honest and see if anyone can offer any advice, because I'm scared. My head has been in the sand for too long and I am at a point where I need to take action or get in a lot of trouble. I have credit card debts of approx £45000,…
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Unaffordable Lending - Autism - FOS
Hello, I hope you are well. (I sometimes struggle to right coherently so I have broken my questions up into smaller questions I hope that is okay) I have autism, and generally struggle to manage my finances, due to my disability I am unable to earn a lot of money (around 22k/year). 2 years ago I signed up for a credit…
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Debt has finally caught up with me
Don't even know how to start this tbh, so I'll just summarise for now. I'm about £56k in debt over a number of loans and 3 credit cards. Until around 12 months ago, I was easily able to manage these debt repayments, and just about get by. A bit of history...It all started around 10 years ago with my divorce, when I ended…
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CCA Requests
Hi I am expecting some of my debts to default fairly soon and be sold on to different lenders. Please could someone advise me if it is worthwhile submitting a CCA request at this stage or would this be for later in the process? Sorry if this is a silly question. Many thanks
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Two credit cards, two debts.
Hello. My partner has run up £11,000 in debt on two credit cards. He currently owes over just over 6000 on one which he is in arrears with and around 5400 on another which he is paying off monthly and doesn’t touch(he doesn’t have access to it). He originally got one of the credit cards to do a balance transfer but he’s…
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Default notice and affordability
So I had a loan with lendable for £5000 and made 3 payments before I could no longer afford it. It has since been sent to Lowell and each company have issued different defaults on my credit file. Lowell say I need to send them evidence that their date is wrong as they don't think it is. I had done a SAR request to Lendable…
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Credit card balance cleared by Halifax
So I had accumulated a balance of around £10,000 on my Halifax
credit card over the years, mainly making minimum payments, which were about 1%
at the time, with an an interest rate of about 16.9%. About three years ago,
Halifax notified me that I had been in persistent debt for 36 months and would
suspend my card, offering…
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£30,000 credit card debt - living abroad - DRO
Good evening chaps, Background: MBNA Credit Card - £15,000 (minimum payment each month £450) Tesco Credit Card - £6000 (min pm £250) Halifax Clarity - £7000 (min pm £250) Two years ago I had to move to Czech Republic as my wife was pregnant and she couldn’t get visa to UK. So far I have been making minimum payments…
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Unsure if this is genuine!
Hi all First time on this forum, so I hope I'm posting in the right place. I have attached a screenshot of some text messages received from a debt collection company called Marston. When googling the company the website link and phone number in the screenshot appear to match the actual company. Two reference numbers have…
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CCA Template
I have had a search but I cannot see a CCA template letter on the forum. Does one exist or perhaps a link to the best one to use. Thanks all
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Advice please
Hi all, I'm just looking for some advice. I have Autism, depression and anxiety. Due to cost of living rises, and erratic and impulsive behaviour, I have found myself in some debt. I previously had a DMP with stepchange which worked well, and a family member ended up doing partial settlements for me to settle those. My…
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PS&P - Historical Debt
Although I have heard about this forum I have never posted anything before so apologies iof I am in the wrong forum. Today I got a letter that when I first opened thought It was a premium bond win. I then saw it was from a debt collection agency PS&P. It said to contact them within seven dates of the date which was the 6th…
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Start of self managed DMP
Hi!! Having read a lot of posts and comments I’m about to start a self managed DMP. Would probably be easier to go with one of the providers like stepchange but I want the freedom to make decisions and changes along the journey. A bit concerned with the calls and letters and the stress added to it that I know will come…
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Life after bankruptcy
First time posting her ... hello! In 2022 I had to declare bankruptcy after my business failed. I had personal loans and credit cards which I'd used for the business. I'm still so ashamed that I had to declare bankruptcy. I did not have any ongoing payments to make as I was unemployed, with no chance of earning due to 18…
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Neck deep in debts
Hi i am neck deep in debts and I can't service the debts anymore i have about £70k in credit cards and loans. I was hoping to start a side hustle but that did not go as planned. I have a mortgage and i haven't missed any payments on it. I want to make a new start and bin every credit card that i have and never fall into…
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Defaulted credit card and mortgage with same lender
I am close to defaulting on a credit card with Virgin who my current mortgage is also with. Anyone have any idea how this may impact me?
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Loan to pay HMRC
Hi all. I am overdue £49k income tax. I am due other debts and am on a payment plan to RBS. They have placed default on my credit file - credit score is around 535. I need to get a loan to pay off as much of the £49k as possible asap. I earn £110k, my wife £125k. I am 50 years old. I have c.45k equity in property - £370k…
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Do Lowell offer a reduced final amount if already paying?
Got a default with Lowell for an old credit card. Currently paying £25/month of it and they're not bothering me for more. The default itself reaches the 6 year point in July (4 months time) and there's around £3700 left outstanding. At the present rate of £300/year, it's going to take over 12 years more to pay this off.…
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Interest changed after default notice
Hi all, I received a default notice for three of the old style (Mortgage) student loans just over two years ago, this was despite me being on a payment plan through Step change for the eight years previous. To add insult to injury they've been charging me interest from the inception of the step change payment plan to the…
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Section 77 Discrepancy
Hi, We have made a section 77 request for an old debt my wife is being chased for via a debt collection agency. They have sent a copy of the original signed agreement where you can see some of the terms on there but not all of them as it is just 1 page of the agreement and very small, so we requested the full terms, which…