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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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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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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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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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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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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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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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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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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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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…
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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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About to begin a DMP with £53k of debt.
Hi everyone, I posted a thread a few months back discussing my financial difficulties and the solution was to hammer my credit cards before the interest periods started. Whilst I have tried to do that, our mortgage has now gone up an additional £300 a month and we have had to replace our car. The interest free periods are…
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Feeling helpless - mental health, redundancy, physical health
Please be kind. I can't categorise my thoughts very well as brain fog and anxiety. So I've tried to bullet point: * I've worked all my life, in professional role and have a mortgage with my husband. Two kids - teenager/nearly teenager * Two years ago I suddenly fell ill, was signed off on long term sick, told by NHS urgent…
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Default Notice
1)I have three Creditors one has issued a Default notice dated 11 March 24.(Creation Finance) Today I have received a letter stating full balance is required immediately do I now contact them with their pro rata payment and wait for the other two to do their default notices. 2) What is the best way to respond by letter…
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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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Link financial
Please can anyone help me as im unsure how to move forward with this but in 2007 i had a bad divorce and i can't be sure if i had a ccj on a credit card but link financial bought it in 2008 ive never acknowledged it or paid towards it as I've never been in a position to, i understand that if there was a ccj it doesn't…
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Bit of debt advice please
Hi Guys, I’m new to the forum and just after a bit of debt advice So recently I woke up and realised I’m 43 next month I have £22k of debt (2 loans, 4 credit cards(1 is only £200) and Klarna £299) and zero savings 1 of my loans has only £606 on it left and I plan on paying it off next week, this will free up £202 a month…
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Defaulted CC advice - statute barred?
Can someone advise me ref my partner's debts? I'm nearly debt free myself thanks to this forum (under another username but I don't have those details now) :smile: My partner has 2 old CC debts, one hasn't had a payment/acknowledgement on it for at least 8 years so I assume this is statue barred? He's been getting letters…
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Debt management plan uk
Hi all, new to the forum so hope I've posted this in the right place. Just taken the first steps in addressing my debt spiral and looking for some advice on debt management plans in the UK I'm 31M , married with 3 kids, in rented accommodation. I have debts that have risen to £13.5k across 2 personal loans and 4 credit…