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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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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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I don't know what do to - please advise!
We've got ourselves into a huge mess, some of which has been down to impulsive spending (ADHD), some essential spending, some trying to consolidate debts numerous times, one income household due to having a child with complex medical needs, changed job due to bullying and had to take a lower income (lost around £12k a…
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I think an IVA is best route
Very long story short due to my soon to be ex husbands poor credit at the time the shared ownership house and all family non priority debts were in my name. The financial paperwork for divorce leaves house and all debt to me. Single Mum, one child. £42000 of debt over 4 credit cards/loans. All defaulted in the last 9…
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Savings in an Absolute Mess
Hello everyone, What would you if your finances looked like this at age 50? -pensions £52K (belatedly paying in 20% via salary sacrifice, including employer contribution) -Savings (including premium bonds): £15K -Investment ISA: £2.7K -Jewellery (conservative resale figure, including £3K of scrap gold instantly…
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Advice need in 66K debt.
Hi everyone, Hope all are having a pleasant Monday. I have been quietly following discussions on this forum particularly around managing debt. as from my title i am in a lot of unsecured debts mix of loans, overdrafts and credit cards. based on the information i have read on here. i decided it was better to stop paying the…
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CCA request reply
I put in a CCA request back in February to Moorcroft regarding my MBNA credit card. I’ve today received paperwork that starts Backbook customer copy template MBNA credit card term and conditions customer copy…. The address in it is current not the address when I took out the credit card and my surname has changed in that…
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Thinking of entering into an IVA - advice gratefully received
Hi All, I am looking for some advice, I'll be talking to Payplan and/or National Debtline too, but figured it couldn't hurt to ask here as well. Here is my situation: I have about £20,000 worth of debt, Credit cards, loans, store cards, you name it. I got into this situation after my wife became ill and was unable to work,…
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Stepchange DMP
Hi all. SC agreed my DMP and want to begin payments on the 1st August. I’ve been reading up and it’s recommended to default first. I have some loans which have interest factored into the overall payment amount, if this defaults would the interest outstanding reduce? Do I ask Stepchange to pause whilst waiting for defaults?…
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Help with Debt, head stuck in the sand
HI all, I have had issues with money for as long as i can remember and i need to sort it before it ruins my life I have multiple different debts with different people and have been on and off paying small token amounts but with job losses etc this has been on and off i also have an issue with keeping track of it all,…
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CCA letter advice or do I just continue to pay?
Hi my first post. So I've got two old credit card debts that are currently with Cabot (shows as wescot credit services) and Moorcroft, it was a time I had a failing business and through sheer pig-headedness and burying my head in the sand, I thought I could rob Peter to pay Paul to sort the business, which obviously didn't…
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Mortimer Clarke/Cabot counter offer
Hi, need some advice dealing with a counter offer from Mortimer Clarke. I defaulted on several debts over a year ago and have been waiting for letter before claims to come whilst building an emergency fund. In preparation, I worked out my leftover amount (£100) for non priority debts, and then working out each creditor as…
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Which one do I do?
I would appreciate some help. Background In 2007 (or it might have been the year before) I got a credit card with M&S. To try to help with my debts that were starting to build, in 2008 I applied for a credit card with Halifax and they sent a card and then another card days later. I don't recall asking for a second card but…
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In lots of debt and need help getting out.
Hi all No judgement please I know what I did was stupid, I was desperate, but I want to look forward. Income 2600 Bills and due dates Rent 1150 (29th) Energy and Gas 50.00 (1st) Broadband 30.00 Council Tax 136.00 (1st) Food shop around 80.00-100.00 a month Loan repayments (The problem) I'm not going to be going into more…
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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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Default and DMP Plan thoughts
For anyone reading this in the future, please read the thread and see how my method changed, it might help you or someone else How do, been lingering on the forum for a while and just thought I'd ask if my plan makes sense (based on a mix of forums and elsewhere). After being in continuous debt over nearly two decades, I'm…
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Debt letters persisting for previous tenant
Good morning. I just wondered if you lovely people would be able to advise on an issue my elderly relative is having or confirm we are dealing with this in the right way. I wasn't sure if I should post in Parking or here but as this is my old stomping ground I thought I'd start here! My relative moved some months ago into…
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Responding to Kearns Letter - Link Financial
Happy New Year to you all. If anyone can advise, that would be very much appreciated. I received a Kearns letter while I was away for the fesitve period and just returned and have 7 days to return before their 30 day stipulated period expires (assuming this is not 30 working days which would give me another 2 weeks). I…
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DMP or IVA?
Hello all - as with many I have amassed a lot of unsecured debt through bad life choices and necessities (Court cases following divorce). I'm not here to moan about it and wallow in self pitty but to tackle the issue head on. SOA is below. I have swayed between DMP and IVA. In all honesty I have no idea which is best and…
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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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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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