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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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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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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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Tackling £31,000 of Debt
Hi there, I hope this post is in the right place? I would like some help. I really want to start tackling my debts. I am 27, self-employed with a rough income of £2500 a month. I had some issues the last few years, struggling with depression and addiction. This led me to borrow a lot of money that I didn't really…
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Looking to get debt free
Hello everyone, I'm looking for some advice on becoming debt free. My family's had a little bit more to contend with due to my partner being from another country and me making knee-jerk decisions on how to try and pay off the debts by borrowing. Is the best way to start by producing my SOA? I've also been looking at…
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In dire need of help, time to take control of debt
Hi All, I've got myself in to a terrible situation of overspending, partially due to mental health issues (depression, anxiety, low self esteem) and also due to a lack of control. Also to add i'm getting married next month so the costs have piled up a lot in the last 6 months. I'm now on around 50k of debt, with approx 12k…
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What should not be included in a DMP
Hi all 👋 I am in the process of sorting out my creditors to eventually do a DMP. This will only be my first month of not paying, to await defaults. However, there are three payments I am unsure whether to pay or default on. The first one is Zilch. Like a credit card but I had to pay a fee to spread by installments rather…
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CCJ support
Hi, I'm supporting my brother-in-law who has received a CCJ (judgement for Claimant - in default) and is currently unable to pay it. He has mental health conditions and generally very bad mental health, so hasn't been able to deal with this himself. I'm working on getting a Debt and Mental Health Evidence Form (DMHEF)…
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Disability & Unsecured Borrowing
To lay out the facts. Aged in 50s, forced to leave work last year due to declining health and stubborn employer. Live alone, I have recently been placed in the support group for ESA. Only 3% of people ever return to working from this group. it's highly unlikely I will be one of them, given my health issues (physical). I…
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Update- Simple Procedure Notice of Claim Form 6a (Scotland) Help please
Hi Everyone, Not been around for a bit, but today I have come home to a Simple Procedure Notice of Claim (Form 6a). We are in Scotland. Original debt is to MBNA - £2591.47, it was bought by PRA group and Brodies is the solicitor dealing with the debt. I have requested the CCA from PRA group, first letter they ignored,…
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PRA Group threatening me with Solicitors (Scotland) - Now with added Sheriff's Citation
I have two defaulted Barclaycards which have been with PRA Group since early this year. Earlier this year I was advised by @sourcrates and others on a course of action. I sent a letter stating that unless they could provide proof of a CCA I would not enter into any further correspondence. I stated that I was aware that…
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53k in debt and finding ways of helping
Me (40) and my wife are currently 53k in debt, across 9 creditors. we currently rent. Paying all the monthly loans and min payments on credit cards and a catalogue leaves us very little money as soon as we get paid. Most food shopping will go on credit cards to make ends meet and I’ll also eat into my overdraft. it’s a…
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At breaking point
Hi all - I am finally facing my debts head on and want to take meaningful action. I'm at my breaking point, my mental health is suffering and I have never felt anxiety or stress like this before. I'm looking for some advice on what the best option is for me. I have completed a SOA which is showing a monthly deficit - will…
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Help - need advice on car lease
First time poster here in need of some friendly advice. My VW car lease is becoming unaffordable for me. It’s a contract hire lease and is £564 a month. I’ve spoken to VW financial services and despite being just over half way through my 4 year lease term, the early termination quote came to an unaffordable £8.6k. What’s…
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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Brodies on behalf of PRA
hi guys, I have received a letter from Brodie’s on behalf of PRA (barclaycard debt) stating ‘notice of court action consideration’. I did a CCA request to PRA in 2023 and I’m still waiting…just double checking this letter isn’t anything to worry about? Says court proceedings may be taken against me if I don’t pay by 10th…
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How much emergency funds to keep momentum?
Hey there, long time lurker on this board. Without posting war & peace my partner and I found ourselves in around £80k of combined unsecured debt by the end of 2023. This was a mixture of existing debt from silly spending habits, house renovation and then failed fertility treatment which really turned it into something…
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Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
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Lowell threatening with 4 months until statute barred
I defaulted on a credit card in July 2020. Lowell have bought the debt and have been ringing, texting and sending letters. Today I got a letter saying if I don’t get in touch by 1st April they will send a field agent to my address. How likely is it that they’ll do this with 4 months until it’s statue barred please? What is…
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Next Steps...
Hi I have followed the advice from the forum, and stopped payments to my creditors… I have now started receiving letters mentioning giving notice of default. Do I now proceed with setting up a DMP, or do I wait to receive the actual defaults? Thank you for your help
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Dcb Bailiff
I had a dispute for a debt of 9k being claimed. The debtor approached small claimed court. The claim form stated that Particulars of claim will be served within 14 days. I acknowledged the claim and was under the impression that I had to wait for particulars prior to challenging it further. To my surprise the ccj was…
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Defaults have begun: self-managed DMP
Hi everyone, This is my first post, so apologies in advance for any newbie mistakes. I’ve been following this thread for a while now and have been taking on board the advice shared here. Like many others, I found myself stuck in a cycle of growing debt, with interest payments becoming unmanageable; all stems from a…
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Debt collection help
I have received a couple of letters from Moorcroft with the following paragraph; We have been trying to contact you to help you pay back your outstanding balance, but your account remains, to date, unpaid. We can confirm that in order to prevent the registration of a default in relation to this account our client will…
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