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Need help with c£35k debt
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Dmp and defaults
I am starting a dmp and the first payment goes through 1st March. I have already had a closure letter from main creditor bank of Scotland for the 2 loans and 2 credit cards. They have stopped charging interest and will close in 2 months and pass to another company. The 2 credit cards are being defaulted. Haven’t heard from…
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Treading water, but the debt is winning...
Hi all, I am 36, currently unemployed and suffer with mental health issues. I have accumulated roughly £30K in debt across various high interest bearing credit cards, overdrafts and loans. I currently receive £875 in Universal Credit although my rent is £975PCM +++ My PIP was declined even though I have mental health and…
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Creditfix Iva
Hey guys, I won’t lie I’m stressed to death. I agreed to an IVA with Creditfix then I realised it’s not for me and I’m looking to stop the process, there hasn’t been a creditors agreement yet until the 4th of March, I rang today a few times to see if I could get in contact with someone to cancel this and they have kept…
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Avoiding Set-Off risk - are Halifax related to Lloyds?
I have CC debt to Lloyds which I am struggling with. My main bank account is with Halifax. Is there a risk here that money in my Halifax account could be taken to pay Lloyds CC should I ever need to stop payments? Do I need to look at a totally seperate account? Thank you xx
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Debt buyers v collectors?
I have 3 credit card debts managed by debt buyers (Cabot and PRA) and 2 being chased by Opos collecting on behalf of Tesco & Nationwide (both defaulted). Should both Tesco & Natiownide debts be enforceable, my intention is to make monthly payments and save for f&f offers. When do I start engaging with them? What powers do…
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IVA
Hey I’m looking for some advice, I applied for an IVA and signed the contract, the creditors meeting isn’t until the 4th of March. I have really changed my mind about my options and I don’t want to go forward anymore, is it too late?
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Help required .... In a Mess!
I have got into a credit mess over the last 5 years. I changed jobs for a lower salary employment because of mental & physical pressure. Unfortunately Covid came and then increases in fuel, food etc etc. I have subsidised my living expenses with Credit Cards & Personal loans and although I've struggled with minimum…
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Deduction of earnings
Hi, I have just had a letter from DWP saying they have contacted my employer to set up a deduction of earnings for an overpayment of tax credits when I was a struggling single mother. They are threatening to deduct 15%. I can't afford this. I am on a DMP. Any advice? I owe them £2282....
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Old CCJ
Hi, Can anyone help? my friend had a CCJ in 2001 with capital bank for £2.60 a month which she was paying over at £7.58 a month for a long time. For some reason it was passed to LINK in 2006 who recently tried to set up a direct debit without her authority for £34 a month?? She blocked it with the bank. LINK have never…
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Loqbox review
Nearly completed my 12 month agreement..no improvement in my credit score!! Then I will need to get new bank account which may affect my score.why did I bother?? Can't get a response from loqbox sick of emailing
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Family Debt
Hi all, This may be a long one, so apologies in advance, but I really need some help. I am in a very difficult situation at the moment. My partner and I were renting for 5 years (the rent was £725). We experienced a lot of financial difficulty, ran up a lot of credit cards, and had a few loans. We tried to consolidate the…
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Ex-partner - debt collectors
Hello, My boyfriend and I recently broke up. I am a home owner and he lived in my house with me for several months. Although everything is in my name (mortgage, all utility bills etc), he did register with a GP in the area and gave my address, gave my address to his workplace and also a few other things like register his…
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Been very stupid which I know but need help
Myself and my husband have had a dmp with Payplan for 13 years and it is still ongoing but in 2015 we both got made redundant within a few months. This started a new spiral of debt that along with many other things like being self employed during covid and not finding work has meant that we took on more debt over the…
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Remortgage vs Debt consolidation after renovation
Hello, I have been advised to post an SOA here via the mortgage section of the forum. We are trying to consolidate all debts incurred due to a house renovation but hitting barriers for debt consolidation via lenders like HSBC [£50k additional borrowing max] and affordability is an issue due to use having these unsecured…
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Self Managed DMP & affordability complaints
First of all, I'd just like to say a huge thank you to all who contribute to this board. I've been lurking for a few months now and the knowledge passed on has been a huge help. Also, I have read the DMP thread but cannot for the life of me find the information I'm looking for although I do recall seeing it at some point.…
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Joining mortgage with bad credit?
Hello! I am new here so please be gentle. After years of yoyoing in and out of debt, denial, poor mental health, keeping secrets from my partner, I have recently made the huge step of getting help for my situation (just over £16k. I came clean to my partner (who was lovely and supportive) and contactinf StepChange. I am…
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Is a write-off possible here?
Trying to sort some things out after a bad mental health breakdown in 2019. I had an account with 02. With them, I had four separated devices- my phone, my wife’s phone, a laptop I used for work, and a shared tablet. They were not applying the multi device discount to my bills and I contacted them about it, escalating the…
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Debt Settlement offer advice
Hi, I would like some advice on settlement offers. A relative has been using edited 'without prejudice' letters from the National Debt Line to offer final payments on various debts but is getting replies back refusing and offering very small discounts on large sums instead. Another relative is offering to pay these if they…
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BW Legal for Thames Water
I received an
email from BW Legal on Saturday asking for money for a Thames Water bill for £987.72. I've looked into it and it seems that a new
account was created in my name from Oct 2019 until Jan 2021. However, I know
this is incorrect, as I left the UK for the EU in May 2018, closed and paid in
full all my debts, and…