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student trapped in contract! ccj advice urgently needed!!
Hi all I need some urgent advice. A few years ago, I moved to a university accomadation, this was after I was informed by a friend that my costs would be covered by student finance if I applied. So I informed the university about this and asked if they had any rooms left which they did. I found out that I would not be…
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DMP advice please
Hi I’m new here I hope you can advise me please. We have been on a DMP plan since 2011 (yes that long)! We owed about £60k and we are down to £6k I am quite proud of us for getting where we are despite the length of time that it’s been we have learnt so much. My eldest DD is off to uni in September I am a tad worried about…
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Final debt repayments
Good afternoon, I've had debt from loans and credit cards for around 7 years due to various circumstances and bad decisions. I've paid some off slowly and now I have 3 debts left to pay back which total about £1100. At the end of this month I will be receiving a bonus from my employer and should be able to pay the whole…
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unable to afford child university payment
My child will be starting university in 2024, however I am under a debt management scheme so will not be able to afford the contribution figure expected under the current household income What steps should I take. Thanks
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Capquest transfer of debt after agreed payment plan with discount
Hi, I'm not sure if this is the correct place for my query, but here goes... I wonder if anyone has any advice about the problem below please? I had a notification on my phone (now cleared from my phone) informing me of a letter in my Capquest account about a transfer of my debt to Drydensfairfax. They also said I could…
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is a full and final settlement an IVA ?
hello all not sure if this should be in the mortgage section as this is the context....So my partner and I are hoping to try and get a mortgage together. I have debts defaulted in Oct 2018 to the sad sum of £26000 following marriage breakdown and have been in DMP since this time paying a small amount each month. My partner…
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Carbot Financial Investigation What to do next
I am a single parent on benefits and make extra money through buying and selling items online, I had been with the HSBC bank for over 20 years having a normal current account with no overdraft as the bank had turned me down many times. Back in 2018 I had sold quite a few items on different websites obviously getting paid…
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Settlement for clearing loan early
Hi I am hoping someone can give me some advice, will try to keep it short! Due to marriage breakdown I find myself in a position where I have funds available to clear a loan I currently have with Tesco. Loan has approximately 6 months left and payments are £400 per month. I have never missed a payment or had any late…
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Equita debt
Hello, I had a question on reducing payments further on a debt or what can happen. basically in 2018 my husband had a mental breakdown, was sacked from job and never went back to un. Uni chased him for £2250 which we had to ‘pay’ to resist a module even tho he told uni he wasn’t going back before the start of the new term…
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Huge Debts, Mental Health...where to turn?
Hey, first time post that I have been avoiding for seemingly years. Apologies for the monologue length! I am in severe, seemingly insurmountable debt that already defaulted several years ago (so credit score is long in the bin), and it feels like the noose is tightening to the point that I see no way out...and I'm…
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Lowells
I have very old debts which may now be statute barred i need to check dates etc, but the company Lowell have now got my debts and are relentlessly trying to get me to contact them, these debts are between 10-15 years plus old can i carry on assuming these debts are now unable to be collected,
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Arguing a default date on a closed account
I am currently in a DMP paying off a minimal amount every month trying to arrange F&Fs as and when I can. A couple of accounts are with Lowell who contacted me today trying to get me to pay more towards the accounts. When I forcefully told them no they then offered me 50% discounts on the two accounts. One is a no go for…
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Final settlements and affordable payments
Hi all, I’m at the early stages of my self managed DMP. Waiting for defaults. I just wanted to get some knowledge on payments to creditors and final settlement offers. Are they related? For eg. If, after re-running my soa I find I can pay 75% of the original payments, would they offer a final settlement or be happy to wait…
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Sorry angry rant about DMP, banks, ruined my life, prob bit dramatic but so fed up
Hi, I've been on a DMP for two years, trying to do the right thing. Unfortunately, I was poor (you know that not poor enough for help towards education fees, but not rich enough to afford them and over reached in terms of an education so accumulated debts having paid fees with credit, loans and overdrafts. Also I never…
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What Small Things Will You Do This Week?? 5th June 2022
When we start on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards, and canceling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when in…
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Grasping the nettle!
Hi all, After lurking on this forum for many months, you lovely people have inspired me to stop being ashamed of my debts, stop hiding from them and most importantly, MAKE A PLAN. So here goes. My ex-partner swindled me out of £12k, I made 2 debt consolidations but then had £6k of vets bills for my precious boy which went…
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Best way to tackle debt
Hello, Some background info that may help; bankruptcy in 2018, due to fall off of credit record in 2024. between 2018- this year been managing fine, hardly any debt. Life hasn’t been kind (carer to husband who’s on esa/pip) and have 3 kids. we finally moved into a council house in January and that is where the costs…
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CCJ help
Hi, hoping someone can help. We moved abroad nearly six years ago and stopped paying several credit/store cards and loans. We returned a couple of years ago and found old letters stating a CCJ on behalf of Next had been made against my husband (at one point bailiffs had been instructed). Last year we started receiving…
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Not sure if i have had a default notice.
Had an arrangement to pay off a credit card and freeze interest which i kept to for a year then the debt was sold to PRA. I requested the CCA which they havnt been able to supply for over 4 years, during which i havnt paid them anything. Do i need an official default notice or will the debt be statute barred after 6 years…
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Debt assistance arrowglobal
Hi guys Looking for some advice. So I had a CC with Vanquish and the account defaulted due to circumstances, I tried to sort this with vanquish but just kept adding money to the account. I ended up ignoring it, and then moved out of the address. It's now been 4 years with no contact until recently I had letters from…