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140k Unsecured debt - advice
Hi, ok long story but will try to keep it as concise as possible, looking for advice as to what the best path forward is as IVA or DMP may not be suitable as we have large equity in our house. I have around 140k unsecured debt, 3 credit cards 23k, and 6 unsecured loans 110k approx, and a car loan. A lot of this debt has…
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Debt plan that covers secured debts?
Ive just seen that a DMP and IVA cant cover secured loans. Is there anything that does cover secured loans? Not the main mortgage but smaller personal secured loans?
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Self Managed DMP
Hope ok to start new thread Have spent hours searching and reading about DMP but have a few questions I am going to change from Payplan to self run for a few reasons but want to ask a few questions to others who have done this . My next payment is 28th, so once that is done I intent to start the change process. I will be…
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I've been so stupid
Been a member here for a while, looking back at my financial history and posts has provided reflection and regret. I'm having a bit of a problem with gambling. Online scratchcards and instore scratchcards too. From 1st Dec to today I have spent £492 online- various sites. I banned myself from a few at the start of the…
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Tmobile account 2006
I have a debtor chasing me for £400 Tmobile phone from 2006 I cannot recall this debt its so long ago. Please advise can they take me to court or any action if I dont pay? Thanks
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CCA request to Ascent?
Hi, I have a payment arrangement with Ascent for a debt dating back to 2009, I make token payments. I am wondering if I should just keep up with the payments I am making, isn't really causing me much hassle or request the CCA in the hope that all these years later they can't find it and are unable to enforce the debt…
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Wescot - Update and what to do next? Further Update 07.02.2024
Wondering if I can have some more help please? Previously I received a letter from Wescot stating that I owe a high street bank over £1000. When I contacted them they confirmed that that the default date on the account was Feb 2017 but payment was made in May 2023 for £1.50. I posted on here and got some amazing help which…
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Facing redundancy and in lots of debt
Hi, I'm new to the forum but finding it all really helpful. I'd really appreciate some advice on my circumstance. I'm currently on maternity leave and only being paid Statutory Maternity Pay so income is around £800 a month. I've got £33,000 in unsecured loans. All debts have been defaulted in the last year and I have not…
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Unexpected Debt Letter
Today I received a letter from Capquest who have taken over an alleged debt from Intrum Poplar Designated Activity company. This alleges a debt of £7491.86 regarding Barclay Bank. The only memory I have of dealing with Barclays is having a current account in or around 2004 that was closed owing a small amount of £300 or…
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Debt advice
Hi all, I’m new to this and this is the first time I’m reaching out for advice. I’m 51, female, employed and earning over £45,000 annually (before tax). For various reasons ( mh, no financial support from any other source and generally not good with money) I’ve found myself in over £30,000 of debt. I’ve now consolidated…
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Help - im new - who is the best debt management company
Hi Its getting to the point where i need to just get a debt management company to help with a debt management plan. I need to pay for my debts as one monthly payment as the list of payments i have to pay at the end of each month is too long plus interest is more than my minimum payment and companies will not put me on…
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Statute-barred debts
Hi all My first post in MSE for some time. I hope this is in the right part of the forum - if anyone thinks it is not then pls feel free to advise where it SHOULD go. My question: is time barred debt legally enforceable if the creditor has been requesting payment from before the 6 years expired? What happened is that in…
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Default removal
I recently switched phone providers from Vodafone to 02, transferring the number etc. I received a letter from debt collectors saying I owed £18, which I paid immediately, but I now have a default on my credit file. Vodafone sent me an email that went to my junk folder, but made no other attempt to chase me (on the mobile…
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PRA Group transfer and offer letter
Hi all, I received a letter from PRA group today detailing how they are transferring my account to...PRA group, which is nice, I suppose. Tucked at the back of 14 pages of Ts&Cs was an account summary showing that I haven't paid anything to the MBNA account that they manage in at least four years. I last wrote to them in…
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What can I cut out?
I'm desperate to try and reduce my debt. I'm struggling to find a significant amount of spare money each month to make any sizable payments. Any suggestions as to what I can cut here? [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in…
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Arrangment to pay?
Good Morning I am just curious to understand Arrangement to pay as I've just checked my credit report and there is one with lending stream from 2018, I don't ever recall an arrangement to pay so quite miffed however This is taken from checkmyfiles and when I hover over the symbols (April 2018) "There is an arrangement to…
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Severe DMP anxiety
Hello, we are about 3 months into a DMP, and to begin with it was a huge relief to be paying what we can afford each month, and so on. But now we are getting serious threats from our creditors and we are both in a seriously stressed and anxious place. We both feel sick, constantly showing our stress to our young children,…
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Advice regarding saving for a Mortgage whilst on DMP
Hello It's been more than 6 years since I started my DMP and my credit file now looks better. I managed to get some of my debt cleared too via a Partial Settlement using money gifted to me with some of my creditors but PRA Grp wouldn't accept, so I still have 7K of debt with them. I recently moved in with my partner and we…
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Default and then commence payment plans
This discussion was created from comments split from: Help required .... In a Mess!.
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DMP and affect on partner
Hi, I am just entering into a dmp with step change. The debts are all in my own name but I do have a joint mortgage with my husband. How will this affect him and or the mortgage - from what I can see it won’t affect the mortgage if we stay with the same provider? Is his credit file likely to be affected? Advice from anyone…