Stepchange refused to help me due to my being self employed. They knew they'd get nothing from me. I was shocked to be honest but after listening to this information, I understand why.
It's best to just let the debts default by not making any payments or having any contact if you can't afford to pay. Having an "agreement to pay" adds another negative marker on your credit files for an additional 6 years AFTER the debt is cleared.
@@Oye_TheRealDebtGuy Really? I am currently talking with a number of people on the Money Savings Expert forums about my situation and they are all in agreement that this is the case. If what you say is true, I feel more confident about approaching my creditors to reach an agreement on a payment plan. 🤔
Just discovered your channel on time!!! We were just about to go down the "stepchange" route. God really does work in mysterious ways. You are doing his work sir.
I really appreciate your commitment and work just came across your channel. Please explain where your information in from when you say they buy the £10,000 debt for £300. Thank you in advance. Hope you are still around 🙏🏽
if i have a payment plan with lowell but its not classed as a token payment can they still take legal action against me such as sending bailiffs to my house or getting a ccj?
@Oye_TheRealDebtGuy can you please re upload them if possible..they were extremely valuable...there were also general investing and life advice as well .thsnks
You have honestly been missed my brother. The first time listen to your advice and read up most of the article on your website, that honestly allowed me to start living again. In the past I kept on having nightmares about my debts. I feel so upset about everything, even though I was trying to pay for all my credit cards and loans, I felt burned out and I have nothing left. I just gave up. And few months later I lost my job. It was just too much. Welcome back, I am definitely sharing all your videos in my work group. God bless u.
Thank you my bro. To be honest, I'm not sure RU-vid is working for me as my content doesn’t really get pushed. Most of my content will be on my website now www.therealdebtguy.com
One of my debts has just been sold to a DCA, for some reason the amount they've sold it for appeared on my online statement for a few hours before it disappeared. £0.0235 in the £1 it worked out at.. That's just infuriating that they're now going to come to me for the full amount based on it being sold so cheap to them. Jebus on a bicycle 😮 I'll follow the advice on your videos. Thanks 🙏 god bless.
Thank you kind sir. I have a new perspective now. I am retired anyway, thus income here safe from my own bank. And they are just predatory agencies. Now I look at my debt balance and cackle. Lols. Gonna see if some fool will sell me a 2025 Land Cruiser. 😂
Who cares if they get a subsidy if theyre getting people out of debt? The point is that people in debt need help to stop getting into more debt, the principle of helping people remains, regardless of any payments step change get… stop slating them and encourage people in debt to use them… ffs. Gullible people fall for your bs
When those letters from the attorneys start showing up in your mailbox and the credit card lenders start blowing up your phone all day be sure to tell them how much debt Aplle owes. Let us know how that works out.
Hi good advice, I have an issue , and would like some advice I live in the UK, I keep getting letters from a debt collection agency for the sum of just over 22k , I have never had and loans or cards and never been in debt , I always pay cash for things , if I can't afford to buy something I safe, I have lived over the years in some bad bedsits and its in one of those I believe that someone has taken out a loan in my name the debt is nearly 20 years ongoing and I have never contacted the bank or the debt people to sort this out as its nothing to do with me and don't want to claim the debt as mine , I have moved to a new home and yesterday I got a letter from a debt collection agency about the debt , I do want I alway done , bin it , I think over the past nearly 20 years , I had 3 letters about the debt , what should I do next , is they a limit of years which they can chase me for the debt and can they turn up at my new home and start taking stuff , I am newly married and just need so advice as citizens advice are a waste of time ty
I took summons threw it straight into the fire. Debt was eventually written off. The banks create money out of thin air so f them, if push comes to shove use a promissory note ;)
Love your videos Oye I was thinking of going into IVA OR DMP but your video has got me and educate me But quick question What will happen after 6 years of default on your credit rating Will this affect my credit score ?
Mine is going to wage garnishment so I can’t ignore it . Mine isn’t on my credit though . I think they bought this judgment from original cc company. . I have great credit . This judgment coming now sucks. They can only take 10- 25% depending on your incomethankfully . I don’t want to file bankruptcy since I have great credit.
@@Oye_TheRealDebtGuy I was in over 50k of debt and still am. But you made me realise that cant get blood out of a stone.i cant work anymore due to I'll health I have no assets so most of my debts get nothing and I pay a token payment of £1 to a few which I have for 4 years. I'm sure you have helped many people out of a dark space so keep up upir amazing work 🙏❤
oye advice was very good for me I got my life back £35.000 in debt to £70 a month from £600 and all interest stops and I was in a mess but im very happy now
@@babasam1861 go look at oyo back log vlogs and its all explained in simple terms and im not that clever LOL hope that helps and you can down download all you need from National debtline budget sheets act its easy
