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IVA or DMP long post
I’m looking at options and read some great advise on here but just wanted some advise based on personal experiences to help me decide I’ve avoided all the companies such as PayPlan ans step change so far as want to feel I know what I’m doing when. I start talking to them I have £34k debt .. my monthly payments are nearly…
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Lending stream/Credit report
Good evening I have 3 defaults remaining - 1 With Virgin Media (Due to come away in Jan 2025) emailed them my current issues at the time but not overly fussed about this one the other 2 with Lending stream however - One comes off in May 2024 which is a couple of month away which I won't kick up a fuss about being so near.…
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partner's bonus
hi all, My wife has been given a 25K bonus what is the best thing to do with it? Both 59 we have no mortgage 15k credit card debt 2k savings any help apricated Tard
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Cabot threats increasing
I have started paying monthly token payments as part of my self managed DMP. I haven’t contacted them at all. The latest letter titled “Failure to respond is not an option No.1” The letters do show the balance decreasing by the amount I’m paying. Should I contact to inform them I am on the DMP? Is there a template letter…
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Debt & mental health
Hey everyone Just something I’ve been wanting to ask for a while. I’ve racked up a lot of bad debt and am paying this back via a DMP. Due to rising costs of living the amount I’m paying is going to take me around 10 years to clear. The thought of this has caused my depression to resurface uglier than ever before. what my…
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Santander and DMP
I have recently taken out a DMP which is due to start on 1st April. Included in the DMP is my £750 overdraft with Santander, of which I had used just over £700). The bank have now removed the overdraft option but is still showing as being overdrawn. I have applied for another basic bank account with Co-op but was wondering…
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Self managed DMP
Morning,long story cut short. My son has 3 loans one was taken out to pay the other two off.Which he didn't do? Have written to all off them and cancelled direct debits.This was 3 months ago. I think he has standard letters from all of them stating arrears must be paid or action will be taken. Have worked out a budget it…
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I need help with credit card debt while living abroad
After spending the last 6 years of my life in England, I relocated back home to Romania around 6 months ago. I have a few credit card debts totaling £11.5k, largest one of which is £6k and the other under £3k and 2.5k respectively, which i continued paying even after i left the country, but I have recently stopped my DD,…
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DMP Worry
Hi I started a DMP in January and am about to make my 2nd payment to PayPlan. I had made all my payments to creditors and could manage until I went through a manic episode caused by coming down from strong medication I had before my hip operation in October. I'd been waiting for 4.5 years and I never had a manic episode…
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Big CC/overdraft debt, unusual situation - need advice please
Hi there. I'm realistic that my situation may mean that I can't be helped, but I'm trying to be honest and see if anyone can offer any advice, because I'm scared. My head has been in the sand for too long and I am at a point where I need to take action or get in a lot of trouble. I have credit card debts of approx £45000,…
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CCA Requests
Hi I am expecting some of my debts to default fairly soon and be sold on to different lenders. Please could someone advise me if it is worthwhile submitting a CCA request at this stage or would this be for later in the process? Sorry if this is a silly question. Many thanks
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Two credit cards, two debts.
Hello. My partner has run up £11,000 in debt on two credit cards. He currently owes over just over 6000 on one which he is in arrears with and around 5400 on another which he is paying off monthly and doesn’t touch(he doesn’t have access to it). He originally got one of the credit cards to do a balance transfer but he’s…
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Default notice and affordability
So I had a loan with lendable for £5000 and made 3 payments before I could no longer afford it. It has since been sent to Lowell and each company have issued different defaults on my credit file. Lowell say I need to send them evidence that their date is wrong as they don't think it is. I had done a SAR request to Lendable…
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Credit card balance cleared by Halifax
So I had accumulated a balance of around £10,000 on my Halifax
credit card over the years, mainly making minimum payments, which were about 1%
at the time, with an an interest rate of about 16.9%. About three years ago,
Halifax notified me that I had been in persistent debt for 36 months and would
suspend my card, offering…
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Unsure if this is genuine!
Hi all First time on this forum, so I hope I'm posting in the right place. I have attached a screenshot of some text messages received from a debt collection company called Marston. When googling the company the website link and phone number in the screenshot appear to match the actual company. Two reference numbers have…
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CCA Template
I have had a search but I cannot see a CCA template letter on the forum. Does one exist or perhaps a link to the best one to use. Thanks all
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Advice please
Hi all, I'm just looking for some advice. I have Autism, depression and anxiety. Due to cost of living rises, and erratic and impulsive behaviour, I have found myself in some debt. I previously had a DMP with stepchange which worked well, and a family member ended up doing partial settlements for me to settle those. My…
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PS&P - Historical Debt
Although I have heard about this forum I have never posted anything before so apologies iof I am in the wrong forum. Today I got a letter that when I first opened thought It was a premium bond win. I then saw it was from a debt collection agency PS&P. It said to contact them within seven dates of the date which was the 6th…
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Start of self managed DMP
Hi!! Having read a lot of posts and comments I’m about to start a self managed DMP. Would probably be easier to go with one of the providers like stepchange but I want the freedom to make decisions and changes along the journey. A bit concerned with the calls and letters and the stress added to it that I know will come…
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Life after bankruptcy
First time posting her ... hello! In 2022 I had to declare bankruptcy after my business failed. I had personal loans and credit cards which I'd used for the business. I'm still so ashamed that I had to declare bankruptcy. I did not have any ongoing payments to make as I was unemployed, with no chance of earning due to 18…