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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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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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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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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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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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DMP for £60k worth of debt...ready to tackle this!
Hi Everyone – long time lurker about to embark on my self-managed
DMP journey. The main point of my post is to explain how I’m going to go about this, for you
guys to tell me if there’s something I can do better or in a different way and
questions that I have. Are their any tips you may have to help this all go smoother? I…
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Stepchange recommends a DMP
Hi, I have just completed the assessment on Stepchange and it recommends a DMP. I have a few questions please. I have always made the minimum payment and not missed any and that's what i included in my submission, if i were to leave it for a couple of months so that i could save some money would that affect continuing the…
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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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Are these DCA’s?
Hi, I’ve two credit cards I’m dealing with. Forgive my ignorance. My question is are the following companies debt collection agencies? Moorcroft have been super with one. Lowell - slightly weird, said a third party debt collection company may take over, when I kind of thought they were one?
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Visit from a Representative
Hi, I am waiting for my debts to default before entering into a self-managed DMP. I have missed two months of payments so far and I have been saving the surplus into an emergency fund. One of my debts is a Nationwide loan and I have received a letter which says that, as I have not been in contact, they may pass my case to…
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In a big financial mess and I can't see the wood for the trees :(
Hello My situation feels pretty complex to me, and I would welcome any outside thoughts or suggestions on how I might be able to move forward from the right mess I have gotten myself into over the past decade. It really feels unfixable and daunting and I've had my head in the sand for a while now but its time to face up to…
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Overdrawn directors loan
I ran a small limited business that went into voluntary liquidation after the Covid pandemic. I’ve now been asked to come up a payment for the overdrawn directors loan which I can’t afford to pay, the company dealing with the insolvency have mentioned taking equity out of my mortgage. I feel way out of my depth and don’t…
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DMP and lump sum payment advice
Advice please, we are in a DMP, my husband was in the forces and is getting a lump sum. We have lots of questions: Do we use this to pay off our DMP in full? Can we ask for a full and final settlement payment to be made? Would we do this independently? Which is best for credit as we will need to rent or buy a house in the…
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How long to keep settlement letters?
In spring clean mode! I have a few debts this I settled at a reduced rate. These are no longer on my credit file. How long on average do people keep these letters? I’m happy getting rid of the associated bumpf, just worry in case I can’t prove it’s settled
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Moving DMP provider and the gap between payments.
Hi, In November of last year, sadly before finding this forum, I took out a DMP with a company who charge a £50 monthly fee. They have been helpful, but since understanding I could have set one up for free, I'd want for that fee to go toward my debt. Whilst arranging a DMP has been the best thing I've done for myself, I…
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Looking for some help with my DMP
I've just received news that I might be in line for a new job role which has quite a decent pay rise along with it, which is a massive release considering I've been struggling for so long ! I have a DMP with PayPal plus, I have 4 creditors with debts I will post below in images, these creditors have sent me settlement…
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Debt has finally caught up with me
Don't even know how to start this tbh, so I'll just summarise for now. I'm about £56k in debt over a number of loans and 3 credit cards. Until around 12 months ago, I was easily able to manage these debt repayments, and just about get by. A bit of history...It all started around 10 years ago with my divorce, when I ended…
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Received a County Court claim for Statute Barred debt, how do I defend? (Lowell)
Hi, This debt defaulted approximately 15 years ago and I've had letters from various debt collection agencies and solicitors but I've never dealt with it due to mental health issues. I've now received a claim form from the Civil National Business Centre (Northampton) I've started the process of defending it online via…
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Incorrectly applied CCJ
Im in the process of clearing up some old debts/defaults from poor decisions in younger years. I found out one of the accounts was paying back had applied for a CCJ. complained the accepted they were wrong and actually paid me back what i had been paying. They did state they were applying to get this CCJ removed. Does…
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UK Search Ltd/Octopus
Good afternoon Has anybody had any dealings with the above? I had an email from them this afternoon relating to an account with Octopus that apparently I owe £281.54 on. This account is at an address I moved out of last September. UK Search say the issue is relating from the end of July to the 14th October by which point I…
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Link to thread on what issues MSE should be raising with the credit industry
https://forums.moneysavingexpert.com/discussion/6522435/credit-cards-what-issues-should-mse-be-raising-with-the-industry/p3
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Limitation period: when does it start?
When does the six-year limitation period start for a debt covered the Consumer Credit Act? I'm in England. Some websites state it is six years from the date of the last payment (or other written acknowledgement of the debt). Some websites state it is six years from the date the default notice was issued. Can any of the…
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How do you keep the motivation going?
Paid off two small debts, 5 to go, 3 credit cards of £2000 each & two loans. It will take me a while to clear the cards. How do you keep motivated :(
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how to raise money for full and final settlements offers
normally this comes from windfalls, like gifts from family. I don't have that, I know I have offers available, I've wrote to creditors. the only way would be to stop my dmp for many months( 4 to 9) and then use that money and hence take up some of the offers available on some of my creditors. then restart dmp for the…
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PRA - Statute barred
Good morning, I have made a bit of a mistake but hopefully not one which is going to cost me. I am currently in a DMP and have a Barclaycard account which is with PRA and receives a payment every month. PRA also have a QuickQuid account which I haven't acknowledged in well over 6 years. I received a phone call yesterday…