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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…
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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…
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NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
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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…
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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…
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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…
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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
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…
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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…
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DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health 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) Those who are new to debt, and want to know where to start, check out these first steps :…
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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…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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Sitting at a crossroads!
Hi all, I've been paying off debts through step change since July 24, I've recently greatly reduced my DMP payments from August 25 to £58 per month (was paying £800 for 10 months but that was crippling me and left me with zero wiggle room for if things went wrong then £400 when reviewed after leaving my 2nd job). I'm due…
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Wifes Debts
My wife buries her head in the sand over debts. Last year I paid off debts of £3k of hers not mine or joint hers. Last week she tried to hide another debt letter from me but I noticed it, She said she is sorting it but when I read it it was the final demand and if ignored it was going to court. I am retired so money is…
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Please god help, 60k in debt and feeling suicidal
I have the following debts MBNA CC- 9286 MBNA Loan - 9193 Barclaycard CC -14,094.50 Natwest CC - 19,719 Virgin CC - 4811 Very - 2750 I have used up breathing space of 60 days with all of them apart from Virgin & Very who i am managing to pay £50pm each to & have not gone into bad credit with them yet The rest are in the 2…
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Need help getting out of debt cycle!!!
Hi, I'm new here so apologies if this isn't the right section to post this and thank you to all the knowledgeable and helpfull people that contribute to this forum :) . Over the years I have accumulated this debt and I have just borrowed and borrowed to cover the monthly payments and it's caught up wiyh me and can no…
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Newday passed to Wescott
Hi all, looking for some advise please. I've left my debts until they are starting to default and have had my first call/text from Westcott saying they have taken over for Newday. I can't see any defaults registered yet on Trans Union and have had nothing from Newday. Is now the time to contact them and set up a payment…
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Irresponsible Lending Complaint Upheld
Afternoon Just looking for a bit of advice on an upheld decision I had with a lender when raising a complaint. I raised a complaint in relation to 3 separate loans I had around irresponsible lending. They came back after a few weeks confirming that my complaint was upheld across all 3 loans. The first loan was repaid a few…
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Advice needed please
Hello I have got myself into a situation that will soon become unmanageable. While I am meeting all my commitments at the moment, and still have just about enough to get by, I feel like I am teetering on the brink before things collapse around me. This is causing me a lot of anxiety and sleepless nights. Whilst I am…
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Mortimer Clarke referred back to client
Hi all, I could do with some advice. I have received a letter from Mortimer Clarke this morning in ref to "Cabot financial UK" saying I owe £19+ k jointly with my ex husband, but the letter says the account has been referred back to the client and they will be in contact. Key points for guidance: I am not sure what debt…
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DMP partial settlement F&F
Soooo my partner has been on a DMP since 2020, total of 8 creditors and a total of just under £12k still owing. I’ve just sold my house and we have brought together, so am gifting an amount to clear the debts. Ive been reading up on offering less than the full amount to settle the debt as it’s my understanding some will…
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Settlement Offers
Hi, I’ve been paying a DMP for just over 2 years and I now have almost half of the remaining figure available to settle the remaining balances. All debts have defaulted. I’ve sent f&f offers (40%) to all creditors and I’m not getting very far with them, they’re slow to respond and some have rejected. The only one to accept…
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Can I complain to someone Cabot threatening letter
Been on path of asking for CCAs over period of time . Success with some . However Cabot sent letter 6/8/25 stating couldn’t find documentation for Santander loan then on 11/8/25 offered 75% discount . But today receive another letter saying defaulted and they ‘may consider sending an agent to visit you at home ‘ ! I find…
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Help for a 13 year old personal loan
I had a personal loan from a high street bank but stopped payments in 2011. At the same time I moved from England to Scotland. I've made no payments since 2011 nor I have had or sent any communication in relating to that loan. I recently got a letter from a debt collection agency saying they've bought the debt and asking…
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Looking at a DMP
As the title says. And excuse the long thread so here goes. Currently in around 86k of debt. Santander cc £10500 (2 missed payments) santander od £2058 (4 missed payments) Halifax cc £8500 (2 missed payments) lloyds cc £9849 (2 missed payments) Mbna cc £7142 (2 missed payments? Monzo loan £560 monzo od £1950 updraft loan…
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DMP advice for newbie. Please help
Hi all, My husband & I are £41k in debt & have £4.5k in savings as we've just sold an asset. We are looking at entering into a joint DMP. The debt in my name is low (£9k) but I'm the problem spending wise (It's me who overspends) so we are looking at making it joint. StepChange suggested an IVA or DMP. The DMP seems to be…
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Is there a minimum payment?
Hi all, I’ve followed all the advise so far on here and 4 debts are nearly at the point of defaulting now. I was out of my depth anyway which I take full responsibility for, in the past few months my husband has also left meaning what I can now afford monthly is VERY small. So my question is once the debts are sold on if I…
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Please help £75k debt!
Hello everyone, I found this forum and have been reading different stories the last couple of weeks because find myself at breaking point, 35/M I have a history of gambling addiction which is the root cause and for the first time in my life ( it has been approx 2 months where i feel in control of it and honest with it to…
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URGENT HELP PLESE ACI DEBT LETTER
URGENT HELP! Hi there, I need some advice please. Please don't judge me, I was very bad at managing finances when I was younger. Back in Oct 2024, I received a letter from Capquest Opus saying they had taken over an old debt. This was a loan from more than 20 years ago and I hadn't heard anything for years up until then.…
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Defaulted on loan
Hi I'm new and looking for some advice. I currently not working at the moment so receiving benefits and pip. I had spoke to step change and set up a token repayment plan until June. they are saying a DMP would be the best way forward. However it will take 10 years. They worked out my budget sheet and said I can only put £8…
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Newbe... DMP Advice Please
Hi all, new to this forum and have read lots of threads and thought i'd post to try and get a little bit of more personal advice/thoughts.. Been on a DMP (Stepchange) since early 2016, currently down to owing just over £8k. The following are the balances and creditors/original creditors. As it's been so long and i've still…
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