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Partner come clean about credit card debt, I'm a novice.
First post here, appreciate any help in advance. My partner has come clean to having around £10,000 credit card debt, £2500 catalogue debt, £4000 left on a loan and every month hitting her £1800 overdraft limit. I completely accept her reasons for being in this position and want to help but I have no experience with credit…
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Debt Settlement and credit score
Hi. If I offer a full and final payment to my creditors and the accept; have the remaining debt written of, how long does this stay on my credit file?
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DRO Fee - Change in budget
Just been announced that the fee for obtaining a DRO is to be scrapped. Excellent news!
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Outstanding balance
Hi all, I am hoping I can get some advice please i received a letter from Lowell saying I owe T-Mobile 20.87 they say they will keep writing to me, calling or pass my details to a third party collection agency i I haven’t been in contact with T-Mobile since 2013 weren’t even sure about any outstanding balance Is it the…
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Drowning in debt
Hi, I have got myself into a nightmare of debt and I don't think I can pay my way out of it. The reasons for it are a combination of being self employed until last year, lack of money coming into the business and my own recklessness with probably a bit of depression to add. I ceased trading last year and now am employed,…
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Child Benefit paying back HMRC
Hi, In the 2024-2025 tax year HMRC have changed my tax code to recover the full child benefit amount which I claimed and filled in a self assessment for. I’m a single parent and was claiming for both children and was earning £65k. I always thought thresholds were wrong for a single parent but a couple could earn £49k each…
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debts after death - advice needed
Hi Everyone, I am supporting my Aunt following my uncles death last week. Very sad time for us. He was in his seventies but it was more sudden than we had expected. Aunt and uncle were joint tenants in their house. Mortgage was paid many years ago. I understand that my Aunt became the sole owner of the house at the point…
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Recently defaulted- Need advice on next steps
Hi, all my debts have recently defaulted, and I have a few questions about the best strategy for a couple of them. First, I have an old (opened 2006) nationwide credit card. It defaulted last year, but I made a token payment last month. The account is currently being managed by ARC on nationwide’s behalf. Due to the…
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Being contacted about a default after 6 years
Hello, I have recently moved house and in the last few weeks started receiving letters from a debt collectors regarding a debt of £150 from an old credit card which I was unable to pay years ago. It had defaulted and I've checked my credit file it dropped off a few months back. Can they still chase me for this and what…
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Feeling Like It Is Starting to Spiral
Hi all I thought I would ask for some advice here as I feel like I am starting to lose control of my finances. I wouldn't say I am in massive debt. But heading there non the less. Maybe I am in denial. Maybe I just need to budget better. I am unsure. I have ready a good few posts on here and am trying to come understand…
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Not informed about default on file
Hi there. So a few years ago, I lived in a flat above a shop. I didn’t have access to my post or gas/electric meter. At the time, I disputed with British Gas about the amount I owed and I vaguely remember it being sorted. I’ve been trying to improve my credit score and just recently, this default has showed up from 4 years…
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Start of debt free journey
Hi all First of all wow what a forum, How have I never stumbled across this in my 20 years of debt... I have devoured a lot if info and you/ it has given me a lot of knowledge and confidence to get my head out of juggle town and sort out a Credit Free life. This post knocked me for six and was the LBM for me... 6 Years…
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Paying out more than I can afford
Hello, a newbie here i have been a complete fool, cost of living has kicked my bum, nursery fees, dropped hours in work has led me to take out loan after loan, credit card after credit card and now I’m paying out a lot more than I can afford and I’m riddled with anxiety, not sleeping and unable to talk to anyone about…
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At the end of my 2nd DMP
Good evening , my last post on this forum was on the ‘debt free roll of honour’ where I spoke about how I created my 6k of debt on a DMP: Lightbulb moment - January 2017 Debts at their highest - £6223.42 Debt-Free Date - 1st June 2020 Now, fast forward less than 2 years to March 2022 and I was back on a DMP for nearly…
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Breathing space query
So before I found this site with help I applied for a DMP with step change £300 a month and seems doable … they suggested I apply for breathing space which I have … my issue is … I haven’t told my family yet the mess I’m In… I’m working on that with advice from here and the DMP to be able to say … this is me … this is the…
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Defaults or DMP or both?
Hello, I see here that people are advocating defaulting on loan repayments before or instead of setting up a DMP, could anybody please explain this to me? We’re looking at applying for a DMP and have not defaulted on anything thus far. Thanks for support and advice
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Do i start to pay now?
Stopped paying loans and CC’s 10 months ago. A few have now been sold on. Should i now start paying these ones? Plan was to pay minimal/token amount and continue to save in EF toward F&F. Starting to get a little anxious now about having not paid anything and dont want any further action, taken to court. Largest amount is…
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Virgin credit card defaulted sold to Capquest Advice
History CCA request to Capquest on 03.07.23 with a cheque for £1. Letter from Capquest undated received on 18.07.23 returning
cheque informing me a response to the content of my letter will be issued ASAP. Letter from Capquest dated 31.10.23 received on 09.11.23 informing
me they are working with Virgin money to get the…
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First default on reports
Well After just 4 missed payments messers m and s have defaulted me It's very wrong I know but I almost feel like celebrating I have 3 more accounts to default ..hopefully soon So what do I do next? I assume I wait to hear from whoever they sell the debt onto?
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Very old Restriction K help please
Hi, I've been tidying up my finances and cleared outstanding mortgage arrears with a view to remortgage or move. Thanks to advice across MSE I stumbled across the Charging Order myth thread. So just as a double check I went to Land registry to make sure I didn't have such things and was troubled and surprised to find out I…