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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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In Debt and Wannabe Debt Free? First Steps!
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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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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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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Debt-Free Wannabe Sticky - Provit & Statute Barred Letters, Defaults, 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) Is your debt statute barred ? template letters here :…
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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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Debt advice IVA or DMP
Hi newbie here just looking for some debt advice. I have a considerable amount of debt 48K across 8 lenders all unsecured credit cards, store cards and loans. I have had to give up my job to become a full time carer for my son who has a disability so my income will be heavily reduced. My son gets high rate care DLA so I…
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Just looking for some clarity on DMPs
Hi, I’ve been sifting through so many threads to try and understand the best way forward for me with my 50k plus debt across 3 unsecured loans and overdrafts. So, I don’t own my house is in my husbands name and he’s always paid the mortgage. I have paid the odd fuel bill and the council tax which I’ve been told means that…
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Spiralling with my debt
So here goes, I’m new here and have read a few threads. So starting off I’m fully maxed out on 4 credit cards ie can’t afford minimum payments, so this week stupid me has been trying to sort it but during this i applied to step change for a dmp and also breathing space, then they said i would have to add on my personal…
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DMP vs. Second Charge
I am currently in a situation, which I am quite scared about to be frank. I have never thought of ourselves as living beyond our means, but recent events would state that we have been doing it for years and now I feel trapped. I am trying to work out how to move forwards without screwing myself over further and getting in…
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Do you have a debt with Brighthouse ?
Brighthouse (Caversham finance limited) went into administration in 2022, after the rent-to-own company collapsed, the administration was managed by Grant Thornton. As part of this process, a number of client accounts were written off, resulting in them no longer having to be repaid. However a credit management company,…
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Notice of Enforcement for Slough Council from 7 Years Ago
Hello 👋 I am seeking urgent advice, Please. I have just received a letter through my post from Stanford & Green civil enforcement dated 10 May 2024. I am quite shocked by this as I have no knowledge or prior correspondence about this. It came with my old name before divorce. I left Slough Borough in early 2016 after…
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Partially Satisfied
Hi One of my creditors has written to me today telling me they will write off 80% of my balance if I pay the remainder in full by the end of may. The has not defaulted but has had late payments. If I accept this offer, what impact will it have on my credit file? I can only find information about partial settlement on…
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DFNLWs - what did you do next?
Are you one of our fantastic Debt Free No Longer Wannabes? :) For even more inspiration for our DFWs please come back here and let us know what you've done next. Are you now a Mortgage Free Wannabe using our Mortgage Guides to help clear yours? Or are you building up your savings with the help of the Best Savings accounts…
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How best to use a lump sum and going forward
So apologies for the long post but I am hoping with the info a short term and long term answer can be achieved. Initial summary is we have a lump sum of money coming(around 20k) in the next few months and I am wanting to know how best to use it that will help in the short term and also long term. Area where I could use it…
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Default all?
Hi all I am in need for some amazing advice. I have accumulated quite a bit of debt during my 20s (end of 20s now and making better financial decisions). This resulted in massive amounts going out in direct debits every month for mainly things that are on credit or credit cards. I have a car, insurance, house rent and…
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Very Old Debts Time Barred? Irresponsible lending? - Unemployed with £14k CC Debt
Hello, I am trying to help my mother out who has been going through a terrible time, including the loss of my father after several years of battling terminal cancer. Some of their finances are in a total mess and I would like to see what can be done with the debt, and I am wondering if anyone else may have an idea. There…
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The trick I used to use that was actually tricking myself
Hello everyone: Usual forewarnings apply, this thread is just for curiosity's sake, it is something I used to do and I don't suggest anybody does it because it is not a solution: When I was a student that could not or would not budget, my friends and I happened upon a way of paying our minimum payments without actually…
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Debt questions around DMP
Hi All, I've had a good read on the forums and feel more clued up on what I need to be doing, so thanks for the knowledge shared. I do have a few questions though if some kind soul could help with. 1) I see most saying run your own DMP rather than someone else and understand why regarding defaults/building funds and…
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Usage charges
Hi I bought a car on 18th January, paid cash. On picking it up and driving back from Yorkshire to Scotland it was clear the car was pulling to one side. I notified the dealer on the way home and was advised to take the car to a local Peugeot branch. They couldn't see the car to check it until 6th February with repairs not…
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Cabot
Hi, looking for some advice. My wife has 2 18 year old debts from a credit card & a bank loan. She has been paying Cabot monthly for the past God knows how many years. Cabot recently started getting antsy and asking for more money then threatening for people to come to the door. After some research here I got her to send a…
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Unenforceable debt texts threatening legal
About a year ago I wrote to my debtors and asked them to provide the CCAs. Neither Link nor Cabot could provide the CCAs and said the debts were unenforceable. I ignored all phone calls for a month and haven't heard from Cabot since. Link have been more persistent but I've carried on ignoring them and got a text from them…
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Lowell Phone Calls & Text Messages
Hi all, First post on MSE forum and have searched for Lowell issues and may have similar issues to other poster but not quite the same! I currently have umpteen missed calls from 0333 556 5564 (assumed to be Lowell) including a handful of text messages from Lowell citing: "We've been trying to contact (name removed) about…
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Vehicle Finance CCJ
Hi all, new member and have been advised to post this in the debt section. Bit of a long one but I am looking for some quite specific advice or signposting to somewhere that may hold the correct information. Long story short, I bought an Audi on finance years ago and traded my old car in under the diesel scrappage scheme,…
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Unaffordable Lending Barclays
I'm just looking for advice if possible. I have been addicted to gambling on line for 20 years... I have now got this under control since having my daughter & trying to manage the fall out. I only have one credit card with such a large amount and I can see statements online as far back as 2015(I probably have had this…
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Minimum Payments
Good morning all, I'm just after a little bit of validation in my thought process and/or any other pitfalls/opportunities that I may be missing. I realise that this, in the grand scheme of this forum is fairly insignificant but still any advice would be appreciated. I have a credit card with about £5.8k on it, it's at 0%…