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Interim Charging Order.

March 19, 2019, 9:03 am
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Hi all,

I am a homeowner who got into debt in my mid-twenties, which taught me the importance of having solicitors as partners in any business venture I go into. In hindsight, it would have saved me in court fees which has been added onto the debt. I have a week till the Interim Charging Order hearing so that's the timescale I am working with

I would be super grateful for any advice on what would be a good way out

Key points
  • I have 13K debt to pay
  • My main asset which is the home i live in has estimated 70K equity.
  • I am due to release equity this year, (any time from June)

The offer party are not willing to accept a settlement agreement anything less than me paying the debt in full.

I have a credit card with a limit of 4K and I have 2K left to pay on it.

A) Would you advise I apply for a new credit card and/or transfer my existing 2K debt with a higher limit of 15K, use that to pay the other party and release equity (of course I won't get the best terms with a lender) but at least I won't lose my house
B) Is there any other option that would see the equity I have but not show on my credit file.

My desired outcome
I am leaning towards option B. But I can't think of a solution which doesn't show on a file that a lender could see.

I am happy to sign an agreement with any party that offers me the loan, but I don't want it to have a negative affect on how much I can borrow
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How I cleared a Virgin Media default off my equifax (2019)

March 19, 2019, 11:39 am
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I didn't see many success stories when desperately searching for help to remove a Virgin Media default off my credit card.. so I'd like to share what we did and the contact we found along the way to get a default cleared off my credit file.
When trying to get a mortgage we stumbled across an old default of £269 from Virgin Media.
We called the generic Virgin Media phone number and paid the default, despite reading online that even after doing so, Virgin Media can take months to clear the default off your file.
The lady gave us the generic creditfileammendments@virginmedia.co.uk address to email, which returned an auto-reply stating they could take up to 21 days just to acknowledge the email (and goodness only knows how long to actually update the Equifax to show £0). Having just a week or so left to obtain a DIP before losing the new build we'd reserved, this created a massive panic for us. I then headed online, desperately looking for an alternative way to update Equifax faster and came across a few email addresses:
nicola.perrin@virginmedia.co.uk
Catherine.Lynch@virginmedia.co.uk
tom.mockridge@virginmedia.co.uk

I have no idea which of the above's office got back to us, but we literally had a phone call within 20 minutes. This was a Friday afternoon at about 4pm. I downloaded an updated Equifax report at 7pm Saturday night and the default had updated to £0!! In one day guys...
Anyone who's tried to achieve this result from Virgin Media will appreciate how difficult it is to even have a basic English conversation, never mind actually get a result.
Even if this post is found by one person in months to come and they get the help we did, it was worth sharing.
The phone number of the English office that called me back and helped me so promptly was: 02037062812
I spoke to a lovely man by the name of Matthew.
I appreciate that not everyone uses this site to obtain advice for paying off old defaults and where you can send a CCA request and get them wiped like I have in the past - go for it. But if you need super fast results to do something as important as buying your first house, the details I've provided may well be a massive help.
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CCA help

March 19, 2019, 1:34 pm
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Does anyone know what to do when the company is ignoring your request of the original contract agreement?

I've sent two letters (both tracked & signed for)

The first letter was responded to but completely ignored my request, the second was over 2 weeks ago with no response yet.
I sent cheques for £1 in each.

What else can I do?
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Facing the Music - How do you do it?

March 20, 2019, 2:24 am
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Hi all, I've been on here for a while and have been in and out of debt for years.
I'm back in debt, and want to rid of it once and for all, but I am struggling this time.


I went online to look at a debt remedy charity and after calculating it all, it recommended I evaluate my spending first.


My spending is my biggest issue! I've managed to curb it a lot, and before I buy anything I ask myself if I really need it.


I've started budgeting how much money I need for the month for things like osteopath/birthday presents/car maintenance etc.
I'm also having a clear out, and selling stuff I no longer need/use.


What else can I do, or any hints or tips to get me through the days/weeks/months?
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SAR / default date advice please 😊

March 20, 2019, 3:43 am
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Hello! I have 3 debts that have all been sold on to Link Financial to recover. The default dates for these debts are showing up differently on different CRAs. One shows the largest amount defaulted in 2013, another shows this same debt as defaulted in 2016.

Would applying for a SAR show me the definitive default date?

Would applying for a SAR ‘reset the clock’ on the 6 years in which they fall off my file?

Would a part-settlement look better on my credit file than a default - and more importantly if I part settled would the part settlement show for a further 6 years?

Thank you!

:money::):money:
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Creditfix for iva application.

March 20, 2019, 8:33 am
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Creditfix. Any experience of them anyone? I am applying for an iva through them and could use some feedback if anyone used them at all
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Debt organisations

March 21, 2019, 3:32 am
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Who are the best organisations for help with unmanageable debt.

Thanks
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Doorstep visit from Resolvecall

March 21, 2019, 4:46 am
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Hi,

Looking for a bit of advice please.

On Saturday just gone (16th) I received a letter from "Resolvecall" stating that they had been instructed by "Lantern" to make a doorstep visit to my address and would do so after 7 days.

Yesterday (20th) sure enough, I received a hand delivered note through the door from Resolve call saying that they had visited for the 1st time and they're saying I've to call their head office.

I've gone through some unopened letters from last few weeks and there is indeed a debt letter from Lantern stating that I have a debt for around £1500 owed to Sunny&More?

I don't recall a debt for this amount, however if it is what I think it's for then I probably do owe it, but the amount was nowhere near £1500.

Any advice gratefully appreciated.
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Advice about a company

March 21, 2019, 5:01 am
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I have been in contact with a company called trusted McKenzie friends. I have looked everywhere for info on them but can't seem find any except for a small amount on Facebook. Has anyone heard of them before?
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MBNA Settlement info

March 21, 2019, 6:17 am
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HI

I currently have an outstanding balance of £2400 on my account that will more than likely default soon with miss payments and struggles, im looking to offer a 35% settlement offer.

I cant find any info of address to write to or how to go about this.

Advice would be very greatly appreciated.

Thank you as always
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DCA aren’t replying to my emails

March 21, 2019, 7:37 am
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Hi everyone.

I had a loan for £450 with a company called Loans2go that I defaulted on after beginning to claim disability benefits as I ended up pretty unwell and out of work.

Last month I arranged a repayment plan with them for £40 a month. I thought no more of this.
Two days ago I got an email from a company called ‘United Kash’ saying that loans 2 go had sold my debt to them and all ‘claims against me’ (what does this even mean?) so I now had to make repayments to them.
They told me to respond to their email to discuss my account or call their phone number.

I’ve been following this forum for some time and know it usually isn’t advised to call these DCAs up. I’m currently overseas on holiday so I couldn’t write them a letter, instead I replied to the email very promptly and said I’d like to set up a repayment plan with themselves, could they send me the information through so that I could do this.

It’s been 2 days and I haven’t had a response from them, more worryingly so, I can’t find much about this company on the internet. The only post I have founded regarding United Kash states that they are very aggressive, rude and are repeatedly put the phone down on the guy who wrote the initial post about them. Apparently he offered them £1 a month, they laughed at him and put the phone down!!

I went on their website and nowhere does it state that they support people in debt, their website mainly speaks about ‘raising profits’ for their clients. They seem like a pretty aggressive, crappy company if you ask me. But also a very small time one.

I can’t call them because the charges would be mental from where I currently am, however I attempted to call the number briefly that they provided me with on their email and was pretty stunned to find that someone answered right away. This clearly isn’t a busy or large company.

Where should I go from here? On the post I saw previously, this company apparently threaten to send doorstep agents over to the address of the debtor. I can’t afford risking this because my parents live with me. The company in question is however a 4 hour drive away from my parents home so I don’t know if they’d actually bother with me.

Any advice is welcome. I’m feeling a little worried simply because I’ve had no response from them, they’re known to be aggressive and they seem like such a tiny company.

Thanks.
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I'm getting there

March 21, 2019, 12:49 pm
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Just wanted to post this somewhere because I'm pretty proud of myself but don't talk about money to those around me so I'm just currently being internally proud:o:rotfl:

I got myself in a bit of a mess when I went off to uni. I had a bank account with an interest free overdraft of £500. When I hit that £500 (pretty quickly), they increased it. When I hit that, they increased it again up to £1800. I also took out a credit card which I had spent about £3000 on.

So I've been minus nearly £5000 since about 2013. I pay the monthly payments on my credit card and when I started working full time after graduation I did often get out of my overdraft just about, but never enough to not go back in it.

Well, after finding myself in a bit of a situation my mindset has really changed this year. I knuckled down and within just under two months, I was out of my overdraft! For the first time in years I actually have money in my bank account! :eek:

Now I'm just super motivated. With the way my payments are on my credit card are at the moment, I'm looking at at least a year until I pay that off too BUT I'm on my way! I managed to haggle cheaper interest rates and now I have just over £2000 left to pay off.

:beer:
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Lowell Debt account opened 7 years ago

March 21, 2019, 12:59 pm
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Hi All,
This is my first post (long time lurker).
Posting on behalf of my other half actually.
Recently been getting letters from Lowell about a CCJ that he wasnt aware he had, we responded to say, ok lets try and get this sorted, but we cant afford the £50 a month that they are asking for.
So today received an email asking him to fill in an income / expenditure form etc, on paper he is spending more than he earns to be honest, so dont know what they would do with that info.
However, reading the email the account was opened in May 2012 - over 6 years ago.

**Whilst we note your comments, we must confirm that we have been instructed by our client to recover the balance of your account in full, therefore we are unable to accept any settlement offers or offer any discounted amounts, and we are unable to consolidate accounts.

The above information relates to a former Three Mobile account which was opened on 19 May 2012. Please be advised that a County Court Judgment (CCJ) in Default on the terms of £50.00 to be paid each month, ordered by the Courts; this was submitted on 18 June 2018 and you are currently in arrears with the Judgment totalling to £420.00.

We understand that your Judgment may not be affordable for you due to your current circumstances and we can confirm that we are able to consider a lower payment offer that is more suitable for you. Should you wish for us to consider an offer that is lower than the Court ordered amount, we ask that you provide us with full details of your income and expenditure along with any other details relating to your financial situation that you deem relevant. This is to ensure that the amount you offer is affordable for you. An income and expenditure form has been attached for your convenience.**

As the debt is so old, is this something we can get written off (sorry not sure of correct terminology) or should we go ahead and offer a monthly payment.

Thanks so much in advance.

X
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Outstanding EE default

March 21, 2019, 2:39 pm
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Hi I am not sure if this is in the correct forum we have recently gathered our reports together whilst thinking of applying for a mortgage in the future months, I have an outstanding default from 2015 with EE. I have written to EE, I have tried phoning them but they say the debt was passed on to another company but because I didn’t have my account number and don’t remember the old phone number they can’t tell me who it has been passed to. I haven’t received any letters. Would anybody have any idea how I can find out who this debt was assigned to so I can track it down to pay it. It’s so frustrating
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LBM had. Changes made. Advice or critique Welcome

March 22, 2019, 5:07 am
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Hi all.
First off, let me start by saying I have been avid reader of these forums for quite some time, and a big THANKYOU to all the contributors to this thread, who, without realising it, have made such a difference to my, and my family's, financial situation.

*WARNING* long boring back story ahead :D
I'll try and keep this brief but with relevant details. I left school at 18 and walked into a job with a bank (ironic) and at the age of 18, was offered loans, credit cards and overdrafts (which I gleefully accepted). Enjoyed the life of a typical 18 y/o despite only earning around 10k p/a. The attitude of "YOLO" was in full swing :rotfl:
Fast forward a few years and moved in to rented accommodation with my then g/f (now wife) and suddenly these things called "bills" appeared. Different job but still only earning around 18k p/a combined, the "YOLO" attitude was diluted with bills but still prevalent. Minimum payments only, re use credit once cash was gone etc. Fast forward to first child, and then later second child, still renting, still relatively low paid, with debts to cover as well as bills and things were getting pretty stressful and, at times, really depressing. Pay debt, pay bills, run out of cash use credit, rinse repeat. LBM still not really had.
Fast forward again. Better job, MUCH better pay (to the tune of around 3x higher p/a) but the YOLO attitude reappeared (not to the same extent, but having a new car after driving a rust bucket since school was too appealing) :rotfl:

Anyway, `last year I realised that the debt needs to go. I have always covered payments and haven't a blemish on my credit file (other than high debt to income ratio). After reading this forum and picking up advice from various regulars to other people in need of advice I had my LBM.

Since then I have been implementing my evil masterplan to rid our lives of debt. So far, thanks to this forum I have:
Created a very detailed spreadsheet to breakdown all financial incomings and outgoings (love a spreadsheet) :j
Started "piggybanking". Such a simple concept but until I did it, I hadn't realised how much easier it made keeping track of everything.
Already shopped at A*DI, Bee and Em etc, but now take a list of everything we will need for two weeks worth of meals (weekly is too regular for me, hate shopping) :mad:
Started snowballing the debts, what a difference this has made, seeing one debt fly down rather than trying to spread things too thin.
I use the cheap energy club and credit club to make sure i'm not paying too much in energy or interest.
Picked up a lot of tips from the Old Style board (wont list them all as this is turning into a novel):D

These are the main things we have done to rid ourselves of debt that's been hanging around for the best part of 15 years (and increased in that time). I welcome any feedback or tips, if not it's just good to write it all down and say thankyou to people who don't know me but have helped without realising it. :beer:

Last part, some figures. Debt when starting after LBM (around 9 months ago ish) Just over £30k spread across 3 CC's a big personal loan and an overdraft. Total now stands at £21,212.36p (pennies are important now :D) with 2 CC's paid off and the O/D vastly reduced and should be gone within 2 months. I wont post an SOA because I have everything worked out and I know what needs to be paid an when and so far its going well, with a nice balance between paying debts and living (just not with a YOLO attitude so much :rotfl:) We are fortunate that we can afford to do this, are not in serious trouble and will be debt free within 3 years (card cut up by the way :money:).

So thankyou again everyone. If anyone has any more DFW tips I welcome them all. Your help on these boards has been amazing and helped me stop the debt cycle before it was too late. THANKYOU :beer:
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Defaulted Debts - what would you do?

March 22, 2019, 9:42 am
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After a pretty horrendous divorce, I ended up with a significant amount of debt. These defaulted between November 2014 and April 16 so are now aged between almost 3 and 4 years old. I haven't made a payment since (please don't judge!). The debts total £31k - one large one of £15k and then a number of smaller ones making up the remainder.

Anyway, I now have come into a sum of money (£17k) which gives me 2 options -
(1) I offer to pay every debt 50% now as a full and final settlement. This will use up the full lump sum.
(2) I clear off all the smaller debts in full and then set up a repayment plan to clear the large one. I estimate this would take me around 2.5 - 3 years. The default for this larger debt is due to drop off my credit file in 2 years.

I know "morally" the right thing to do is to pay my debts in full so option 2 but with the debts due to start falling off in 18 months time, should i go down the F&F route? Some of these debts have gone from the original lender to 2, even 3 debts collectors who i know will have bought them at a reduced rate.
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Transferring cash from ISA to LISA, advice please!

March 22, 2019, 11:52 am
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The below quote is advice given on this site regarding transferring of ISA’s.
Does the same apply if I am wanting to take money that I have in a CASH ISA and want to transfer it to a ‘LISA’ with another bank?
Advice much appreciated,

Thank you!

‘Transferring an old ISA is a technical process, it's not just like switching a normal savings account. Yet as long as you abide by the golden ISA transfers rule, it should go smoothly.
If you want to transfer, never, ever, ever, withdraw money from a cash ISA!
You'll immediately lose all the lasting tax benefits.
Instead, speak to the new provider and fill out an ISA transfer form. Your new company should then sort it all out, including moving the money over for you, keeping your ISA cash permanently tax-free.

The banks have agreed to a guideline of 15 working days for the transfer to take place, so you should begin to receive interest within this time. If it goes much over 15 working days, it's worth complaining to the ISA provider to see if they can then speed it up, or at least compensate you if the delay means that you lose a decent chunk of interest.’
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March 23, 2019, 3:24 am
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Wonga Complaint, lacking in updates...

March 23, 2019, 6:31 am
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Hi,

I got in touch with Wonga about 9 months ago now to make a complaint and they responded (fairly quickly tbf) with a breakdown of loans supplied over a 5 year period that I was loaning from them.

I was fairly horrified when I counted the charges and interest paid over that time, it was almost £9k!!!

I know they're in administration which is why I've not chased for updates much over this time but was wondering if anyone knew anything or had read something anywhere that might help to give a timeline for a response and potential refund?

I'm obviously not expecting a cheque for £9k lol, but as I've been debt free for almost 2 years now it would be a nice boost to the old savings...

Thanks :)
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Wescot & Prove it letter

March 23, 2019, 9:37 am
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I requested advice for this previously and you guys were great and advised me to send a prove it letter.

Short version, Wescot are chasing me for a debt in a name I haven’t used for over 10 years, I don’t believe the debt is mine as it is PayPal related and I didn’t even own a computer of my own when I had that name and I certainly never had a Paypal account in it. Also I have only ever had one PayPal account in my current name which is still up and running with active bank cards.

I sent the prove it letter but they are now saying they can’t give me any evidence unless I send them my previous address and my date of birth due to GDPR.

Is this right? Considering I don’t use that name and have not used it for a long time I don’t want to give them details about me, especially when they are supposed to be proving they have the correct person.

Any help would be much appreciated.
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