Well the chasing has began, and I've ignored all so far. First steps taken

Thanks dx. Have had a look through letters I've received this year and e-mails. I didn't get any notice from LikelyLoans (Oakbrook) at all. The only e-mail I got was from ACI. In other news. I have switched my salary payment to my new bank account, although this won't take affect until end of January. For this month I am going to transfer funds over to my new bank acct and I'll update my bank details for my important bills (car/insurance etc) and let the loans/credit cards miss payments/default. Should I let the ACI/Perch Capital one miss also?

I'm not seeing a default. The Experian/CreditClub report is the only one that has this account. I'd upload the image of what I'm seeing or I can PM you one if I could but the "!" icon that creditclub report has which says represents a default isn't actually there? Um okay I'm confused now. I've got a free copy of my statutory report from Equifax which has the account. The below is what is on it; Loan from OAKBROOK FINANCE LIMITED (I) Repayment Terms 36 payments Status Settled Payment Frequency Monthly Credit Limit N/A Start Balance £0 Current Balance £0 Default/Delinquent Balance £0 Start Date 11/08/2021 Date Updated 12/06/2023 Date last Delinquent N/A Date Satisfied 30/05/2023 Default Date N/A Supplementary Information N/A Payment History I've attached a screen grab of the report and the creditclub one. I am genuinely not seeing a default anywhere here? Equifax report.pdf

Hi, I've opened a new bank account (Starling). Now just need to wait until post xmas and can update my salary payments etc. Just on a side note. I've had a look at my credit file (ClearScore/CreditKarma and MSE Credit Club), and I have not seen either an account for Likely Loans OR ACI at all. Very strange.

Thanks. so the plan is then. 1- open new bank account 2- get salary paid into new bank account - this won’t be able to happen until end of Jan unfortunately, as the payroll for December is already in process and finance dept can’t change until after 3- transfer priorities over to new bank account, whilst leaving the loans/cc 4- allow credit cards/loans to default, whilst also starting a F&F pot 5 - once defaulted, make a full and final settlement offer? How should I prioritise these? as for ACI, I am in Scotland, so not sure if that affects things at all. Obviously I want to avoid any legal action at all if possible

I am really struggling month to month and have been for over three years, I am essentially at my breaking point now and I really want to sort this out before it escalates further and gets worse. Long story short, I was in a good financial position back in 2021. I moved to a new job and lost a significant chunk of income. Throughout the rest of 2021 I started to struggle and have accrued a very silly amount of debt since. I eventually got promoted at work this year and my salary is now very good. The problem is, what goes in essentially comes straight back out every month and I have £0, over the last few years I’ve relied on short term loans and credit cards to survive prior to getting this new job. This, coupled with one personal loan which was sold to a DCA has done me over, and of course my own ill disciplined approach in the first place. I’ve had a look at my credit report. I have 2 defaults, one from a missed payment this year that I just forgot to pay but did eventually, and the other from 2021, with the same story. I would love to get on the property ladder at some point in time, but I fear this won’t be happening anytime soon. I’ve spoken to StepChange who advised a Debt Payment Plan. I have since read that this may not be the best route. I then considered debt consolidation loan, but it didn’t take me long to figure out this was a stupid idea. Other option I have considered, is setting up a new bank account, getting my salary paid into that account, and moving the priority bills to that new bank account. This would allow me to snipe off these debts one by one whilst shaving my expenditure down on a monthly basis so that I can actually live a normal life and begin to save for the other debts. Of course, I think this route would wreck my credit file, as there would several defaults added, and I’d get harassed by the debt collectors, which I’m not really keen on considering my living situation at the minute. another possible route for this would be to move the priority bills plus credit cards to a new bank account, and defaulting bf on the stupid loans, because they are what’s causing me to have no money. I can then snipe them one by one from there. My salary now is in good shape, if I never had all these stupid loans and credit card payments every month I’d be laughing, but sadly I’m not. I would be really keen to get peoples advice. Debt info:- LikelyLoans Personal Loan - original payment was £300ish a month, I went into a payment plan for £50 a month. In July this year they sold/transferred my loan to ACI, who then carried on automatically taking the £50 payment (I didn’t know they could do this). Scurrent payments are £50 per month, with a balance of £7150 remaining. Everything else is up to date, and I am not behind with anything else. Balances below. Can provide more info if needed. Credit Cards:- Aqua: £3100 - minimum payment each month Cap One: £1450 - minimum payment each month Vanquis £1495 - minimum payment each month Zopa: £955 - mpem Zable: £325 - mpem Monzo Flex: £508 - mpem Loans: I have a loan that comes off my salary through work, balance £620, can repay balance whenever. Moneyboat £215 (2 payments left) Salad Money £230 Credit Spring £250 Loans2Go - early settlement £450, otherwise £105 a month for next 12 Other stuff:- Car insurance - £102 a month until June. Got an open claim against me which the insurer put down as me being at fault, this was the cheapest I could get (for info my insurance was only about £33 a month last year. Con artists) Car on hire purchase: £530 p/m, around £14k left, car valued about £13k. Then you have the must have expenses such as rent and other essentials, my out goings are actually more than my monthly income. I have a small overdraft at the bank of £100, of which sometimes I have to use the full amount and other months I only use a little. thank you in advance, I will be sure to engage