-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
DMP- Best way?
Hi all, I’m currently sitting with debt at just over 38 grand 3 personal loans and 3 credit cards. all are currently up to date with no missed payments. I’m really struggling day to day and can not afford to carry on. I’m borrowing more and more just to live. i have spoken to step change and their recommended solution was…
-
Should I reply or ignore?
In Feb 2020 I wrote to all my creditors asking for a copy of my credit agreement. Almost all of them replied. Though 1 admitted the form was illegible and so was unenforceable. I have since been able to negotiate settlements with all of them and have thankfully cleared all debt except for a dodgy issue with my student loan…
-
Inhibition
How long does inhibition last as I have one and they keep renewing it every 5 years I had a citi card and was paying Regularly but then had a stroke. The debt keeps getting passed on and is now with Cabot finance. My health is really poor but the solicitor acting on their behalf said they won't accept the settlement figure…
-
Is My Situation Completely Hopeless?
Hi All,It has been almost 10 years since I was last on this forum and I am back here looking for a way out. So basically, I have found myself in around £47,000 worth of personal debt all in credit cards. There are 5 credit cards in total. I owned a business which which did really well for years and I employed staff…
-
Do I still have to pay?
* Hi, my first ever post, I have tried to search for this information in the search bar with no luck. I’m in a management plan with PRG group which was originally a debt with Santander, the debt has been sold a couple of times to different companies. * The outstanding balance is approximately £4000, I’ve been paying it…
-
Help with debt collectors
Hello Hoping you can give me some advice regarding some debt collectors that are chasing me for unpaid council tax. I have outstanding council tax due and finally after a long battle with the council involved, got the bill reduced due to my children being in further and higher education and not required to pay thus meaning…
-
Please can someone check my plan?
Hi all, I have completed my SOA, reviewed the last 12 months spending & set a new budget going forward. DMP is the only next step for me. I have paid up this month, and plan to cancel DDs before next payments come out. I am planning on stopping payment to my Lloyds CC which now has £7800 on, at 34.9% APR. Costs me £300+…
-
Self managed Debt Management Plan
The story so far. So I found out that a Self managed Debt Management Plan was an option in dealing with my outstanding debts so I advised the debt management company I used that I would be cancelling their services in writing. I did so and their response was quite rude to be fair and I never really expected the level of…
-
Default of sums act.
I was wondering if anyone could help me. So my due date was 28th feb. And I paid on the 1st march. I then looked at my statement on the 22nd march. And it was on the 8th march I received a late fee payment of £12, I didn’t realise until I scrolled and scrolled on the very bottom page I had a default sum of notice on there…
-
Huge debts and mortgage increase...
Hi - looking for some urgent advice. My husband and I have accrued an enormous amount of credit card debt - some is historic, some has occurred more recently after my husband lost work and we had a huge bill for unavoidable building work. We dropped our mortgage to interest only for six months which was the only way we…
-
SafetyNet
Hi, I received the below email in relation to my account which I have a balance of £31. Should i just pay the £31 off fully before the 9th April so its fully settled rather than Partially settled, what's peoples thoughts please? --------------------- Important Information from Tappily/SafetyNet Credit Dear Customer As you…
-
Cabot minimum payments
Morning all Self managing my dmp . One of my cc debts was sold to Cabot. The amount outstanding on the card was/is a relatively small £750. But added to all the other debts ... I couldn't afford it . Anyway when I last met minimum payments on that card ( may last year) the min was £25 The bank stopped interest immediately…
-
Inhibition
How long does inhibition last as I have one and they keep renewing it every 5 years I had a citi card and was paying Regularly but then had a stroke. The debt keeps getting passed on and is now with Cabot finance. My health is really poor but the solicitor acting on their behalf said they won't accept the settlement figure…
-
Debt consolidation advice
Hi. Very new to this. I have 3 credit cards. 1. £2800 2. 600 3. 2100 (£5400) i dont have any problem paying off the minimum payments every month. But i know. This is all interest. I’m looking at how i consolidate them all without an iva. I dont no the apr on them. But i think around the 26apr mark. I’d like to just get rid…
-
About to begin a DMP with £53k of debt.
Hi everyone, I posted a thread a few months back discussing my financial difficulties and the solution was to hammer my credit cards before the interest periods started. Whilst I have tried to do that, our mortgage has now gone up an additional £300 a month and we have had to replace our car. The interest free periods are…
-
Defaulted CC advice - statute barred?
Can someone advise me ref my partner's debts? I'm nearly debt free myself thanks to this forum (under another username but I don't have those details now) :smile: My partner has 2 old CC debts, one hasn't had a payment/acknowledgement on it for at least 8 years so I assume this is statue barred? He's been getting letters…
-
Need advice re Step son taking out loans and getting into Debt.
Hope i have posted this thread in the right place but did not know where to put it. I need some advice please as i am starting to worry a lot about my 23 year old step son who is living with us in our home. he and i have the same name as when i met his mum some 15 years ago step was called the same 1st name as me and later…
-
Inhibition
How long does inhibition last as I have one and they keep renewing it every 5 years I had a citi card and was paying Regularly but then had a stroke. The debt keeps getting passed on and is now with Cabot finance. My health is really poor but the solicitor acting on their behalf said they won't accept the settlement figure…
-
David Lloyd clubs and ARC Europe
Hi there, I came into financial difficulty at the end of March last year (2023). I worked as a contractor for a friend's company and it got ended early (i didn't enforce it since I didn't want to cause any detriment to my friend and his company). I was a member of David Lloyd Clubs since January 2023. And had rarely used…
-
Credit card debt
Hi everyone. I only found out 2 days ago that my husband has run up credit card debt on 3 cards. He's been paying the minimum amount on each but not making much of a dent on the debt. I'm heartbroken as I thought we were doing OK financially. I've always saved, never been in debt myself etc. We have a mortgage together…