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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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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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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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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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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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Hoping to do self managed DMP ... please check my ponderings
Hello everyone I am hoping to create a self managed DMP as opposed to an IVA with StepChange. Is it really hard? I am just starting to receive letters from Lloyds and MBNA to close my accounts and have received defaults. No idea what to do next!!! Not paid this month's payments... its scary... Here are my details. Hope…
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copy of credit agreement and account DENIED
Hi everyone i had a debt over 20 years ago where i offered £1 a month to which i have been paying for 20 years i have had no contact for many years until Recently caboot was contacting me constantly along with orbit knocking the door So as i was reading this forum i sent them a request for this account history and signed…
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Santander settlement
Hi I am looking to settle a debt (Partial settlement ) with Santander. The debt is managed by Moorcroft, Is it better to go direct to Santander, or through Moorcroft? as their dealing with it on behalf of Santander. Thanks in advance.
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Finally going to tell my husband about my bad debt i'm scared
Hi I didnt really know where to turn to so just wondering if anyone else has been in the same position. When I met my husband i'd always had a little bit of debt and was stupidly too scared to say. Well fast forward so many years my spending got out of hand and I stupidly took up matched betting to try and clear it. Then I…
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Help! How do I not lose motivation and ruminate whilst I wait out my debt plan
Hi, A quick overview into my life for the past few years may help with some guidance, so I'll start there. I'm 28 and had been managing debt via balance transfers, but keeping the original cards as well as other usually BNPL and store credit type debts from essentially I was 18 with it peaking around COVID time. During…
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Need cash and credit
Morning all, Hope someone can help. We have £30k of debt looming at us in the face. We are totally aware of it and most of it is in the form of home improvements and needing a new second hand car. We are both high earners with around 2k per month left after paying bills, mortgage, shopping etc. My credit score is…
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Self managed DMP advice/help??
Evening everyone. This is my first post here after reading only for months. I am intending on doing a self managed DMP & have already ignored my lenders for a few months. Today I received a letter with my first default from “Creation” which I have a loan with. I have copy & pasted the main part of the letter below and I am…
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After 4 years and 3 months on my DMP...only 5 payments left to debt free
No real point to this post, other than writing it down makes me so happy. I started my DMP 36k in debt in October 2021. Doing that DMP was the best thing I have ever done. I have lived my life, whilst paying my debts back. I can't believe I have only 5 payments left. If you are thinking of going down this route..stop…
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First contact about CC debt over a year after default. Is this legal?
This isn't my first time around the block - I've previously been bankrupt and found this forum extremely helpful back then, but lost my old account. However I am poor and ended up back in debt, though much less of it this time. I defaulted on a fairly hefty credit card debt some time ago - I had applied for a 6 month…
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Self managed DMP
At the start of my payments now I have defaulted on a few. Made my first payment to Lowell via a standing order as I am in charge then if I want to up or lower the balance. I also sent them an email telling them this. They have sent me a direct debit mandate for a payment plan. Can I ignore this and carry on as I was?
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DMP Not being paid on time
My friend was starting a business decorateing houses to a quality standard. I did a contract with her and I sent £4000 to her bank account. She was to pay me back the full ammount She then made many excuses that she was on holiday, she had issues with her husband, wasn't well. I then found out she did not work and spent my…
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£57k debt - Stepchange or self?
Hello, I (29M) am finally resolving my debts after years of letting it get worse, I found myself trying not to miss payments and so took out further money which got me into this hole. (Not missed any payments on anything) I have 4 loans, 3 credit cards and 3 overdrafts and I am looking at a DMP with Stepchange, I can…
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IVA / Debt Advice Please
Hello everyone. I’m looking for some advice on how to move forward with my current debts.
I have been reading through the forums for a couple of weeks and there always
seems to be good advice, so I’m hoping I have put this in the right place! Currently have outstanding debts totalling approx. £77k. It all initially
started…
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Helping a vulnerable relative - where do I start?
Little Sis has had mental health and physical health issues since August. She has been out of work for over 20 months. Income is carers allowance c£83 a week I think. She was in hospital for one week in October but not sure on rules re carers sickness. Household includes our father so has been running on his savings and…
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Affordability Claim Win! Finally.
1 year 2 months and finally got my affordability claim win!! Never thought I’d get it sorted but it finally happened. November 2024 sent Newday my complaint which they rejected. I sat on it for 5.5 months thinking no point taking further to the FOS. They’d sent a massive lengthy letter explaining why I was wrong. It put me…
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Response from PRA Group/Westcot re unenforceable debts
Hi and happy new year! I'm seeking a quick validation check on a letter I received regarding a couple of my NatWest Retail debts in 2024. Both accounts (loan and credit card) were defaulted by NatWest in January and February 2020 respectively and so they will be dropping off my credit files at the end of this month and…
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Link Financial - what to do!
I've had a letter through from Link who I usually only hear form with a statement yearly trying to establish contact and advising that I can expect ResolveCall next week f they don't hear from me. (which is a worry obviously) I WAS about to send them an offer letter for a final settlement and then I remembered to check…
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Zopa Affordability Complaint - Nearly there...
Just wanted to share some news.. I raised an affordability complaint with Zopa for a £20k loan in December. Zopa rejected my complaint and also my appeal. So, I raised the complaint with the FOS in February. Having submitted evidence (bank statements etc.) I seem to be nearing the finish line. The FOS are viewing in my…
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Drowning in debt, please help with next steps.
Over the last 15 years I have made bad decisions which has led me to nearly £90k worth of unsecured debt. Huge chunk of this has come from investing in a business which did not do well at all, I am now struggling to meet the minimum payments. I have around £90k of unsecured debt spread over 8 credit cards ( 5 of them are…
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Settlement Offers
Hi, I've decided to pay some defaulted creditors and settle some accounts. Previously i didn't bother because they were defaulted and any payments were not going to improve things. But I'm thinking if smaller offers, it means what I pay into a dmp, more of that will go towards the larger debts i have if some creditors are…
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