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Help - Remortgaging to clear down debt
Hi all, New here so take it easy on me if missing any info. I have attached below my SOA - basically I feel I am paying a lot on loans etc. I am due to remortgage now and am thinking of adding around £7,500 to the mortgage to clear down my Tesco loan (£4.6k given early repayment reduction of interest) & either pay off the…
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Old Banking debt pre 2000
Hey guys pretty much got on top of all my debts now around 6k worth and this one just re popped back up ive ignored it for a long time due to it being for charges related to an overdraft that wasnt athuroised I cant remember the details I most likely was in the wrong but the charges have snowballed since the innceident in…
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What Small DFW Things Will You Do This Week? 18/07/21
When we start out 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 cancelling 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…
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Drowning - Help
Hello, This is my first post on here for a while and I don't really know where to start. Essentially through many bad decisions over the years, I have racked up near £40K's worth of debt with practically nothing to show for it. I have multiple loans and although I'm not behind on any of them, I'm having to use my credit…
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CCJ set aside application - which route?
Hi everyone. My partner and I were looking into applying for a mortgage when we discovered he had a CCJ on his credit file, issued to an old address when we didn't live there. It has taken 2 weeks but we finally have the detail of what it for (3 different debts) I have been reading up on what to do in this circumstance…
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Link finance (DCA) ask for statement while I'm already on DMP
Hello, Would really like any advice or previous experience please. I've been on a DMP with Stepchange for quite some time now (many years) but suddenly one of my creditors (Link finance) are asking me in a letter/form to fill out a separate statement of details of my finances - should I do that or ignore it please? Many…
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Just signed up for a DMP with PayPlan
Hi everyone, I just signed up for a DMP with PayPlan. They said that the £300 I pay monthly to my private psychiatrist is ok. They added a note this support helps me stay in work. I was up all night worrying about it even though they all allowed it on my last DMP. 3.6 years to be debt free and token payments until January.…
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Fresh start debt plan for pensioner
Can anyone advise for my 80 year old mum please? She has a debt management plan with Fresh Start paying £113 a month. She cannot afford this as she is on a pension and doesn't receive any other state benefits or top ups. She pays her own rent and council tax in sheltered housing, she has her state pension, the work pension…
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Charity debt management v 5 star TrustPilot recommendation?
I’ve been contacted by DebtAdviceCentre. Customer service was excellent. I haven’t committed to using their service but their reviews on TrustPilot are 5 star. Do these companies give you the same range of options as I expect you would get from charity debt companies such as StepChange? Thanks
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bankruptcy
What would happen if I decided to go bankrupt, i.e would I be made homeless? My situation is ex husband owns the property I live in and has a mortgage on it in his name only. We have a declaration of trust that says I own the equity in the property. I pay him half the mortgage cost. He pays the other half as I cannot…
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Entering a DAS....
Good Morning everyone! I'm currently in the process of entering a DAS (signed off the paperwork online on Friday) and it can apparently take upto 8 weeks to be in place. I have debts totalling £15K and was actually doing well reducing the debts, with arrangements in place with all my creditors but Walker Love recently sent…
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Savings or Debt Repayment - Advice Please!
I have been bad at managing my money. I am sure this is a typical story here. Me and my wife are crippled by monthly debt repayments as follows (not including mortgage).. This is coming at a very bad time with the rising bills etc. * Barclaycard - £2531.72 at 0% APR - (£121.55 calculated per month to clear the debt before…
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Unsure of best way forward
I currently have debts totalling nearly £14k (not including my mortgage). I approached stepchange online and initially was suggested an IVA, which got rejected due to equity in my home, and then was rejected from adding to my mortgage due to my level of income. I now have the options in front of me of a secured loan…
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Considering DMP/Trust Deed Advice …
I have spoken to Stepchange who have advised a DMP is more likely option for me as with what I owe and can afford to pay the creditors wouldn’t accept a Trust Deed. I owe approx £25,000 and can afford to repay £200 per month. This is the first month I have missed a payment (on my loan). I have one loan and 4 credit cards.…
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SC clearance with debt
I am terrified. I have received an offer offer for a role that requires security clearance. They check your financial and credit history. I have under £1.3K debt from my overdraft during my university days when I was a student and just over £200 credit card debt also from when I was a student. Both of these defaulted. The…
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What Small DFW Things Will You Do This Week? 11/07/21
When we start out 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 cancelling 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…
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Debt Advice - Account transferred to Link
Long story short, both made redundant in 2011 with debts of over £46,000 received help from CAB who got a token payment of £1 agreed on all debts. When both got back in work albeit on a lot less money, went back to CAB and agreed higher payments on nearly all debts and finally paid these all off in 2018. This left 2…
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Bank loan - two loans in quick succession for 35k with no human checks?
A close friend has made two loan requests via the "worlds largest bank" app - one for 15k and one for 20k. This was used for gambling. It was all automated. I am very surprised they can approve such a large loan with no wait period or human checks for affordability/proof/loan use etc. They receive 1800 pm and spend 1300 pm…
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Overdale Solicitors - Warrant of Control letter
Hi, I have received a letter from Overdale Solicitors for a debt of £1.4k from a CCJ in March 2019. From memory its from Vanquis, which has gone to Lowell and now with Overdale. I think my last payment on this was early 2018. I wont pretend I didnt know about the debt as I did, but my life at that time was not good and was…
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International Debt Recovery
I have a friend who was in the Middle East and came home in 2017. She thought she’d paid all debts before coming home but in 2018 she started to have a foreign firm ringing her at home and at work saying she owed money. She tried to sort something out with them via email but they were having none of it so she started…