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Halifax closed my accounts. Do I still get my fixed interest?
Hello My wife and I have banked with Halifax for over a decade. No major complaints (though we have the usual small ones). Last week, they texted my wife to advise that they've decided to close all her accounts in two months time and that they have removed her online access with immediate effect. We called them for an…
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DMP the right thing for me? Help!
Hi all, So glad I found this forum. After hours and hours of reading, I believe DMP is the right choice for me. Advice greatly appreciated. It’s taking me a long time of fighting, paying huge monthly amount to debts (£2100) which is almost all now out of 0% terms (can’t get another 0% card as level of debt in my name) and…
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Tm legal chasing very old debt
I have been receiving letters from them about a very old debt from the lending stream. They have said an ccj has been issued for this debt and now they are arranging for someone to visit where I live. I was ignoring them as I know this debt is way over six years old(more like 9/10) and there is nothing on my credit report…
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Collection agency letter advice please
Hello everyone, I've been having some difficulties with a company that I had a website with, I took out a 12 month contract for a website and cancelled the website on the 12th month before the contract renewal as I no longer wanted the service. Unfortunately the customer service was terrible and despite cancelling my…
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Virgin - no default after 6 months
6 payments have been missed on my Virgin cards, still no defaults and they still continue to apply interest and charges. How long can this situation continue? Thanks.
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Is it a good idea to use a loan to partially finally settle a defaulted debt.
When I first moved out I got overexcited with credit cards and ended up with just over £6000 of debt. Due to a variety of reasons, including my fiancé having to leave her job for medical reasons, I had to default on payments about 2 years ago, and haven't been able to pay much back into it since. We've since moved back in…
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HMRC debt
I owe approximately 20k to HMRC in unpaid tax from the covid period, i was paying this down on a monthly instalment plan until the middle of last year when it became simply impossible to continue-point is there was regular movement on the debt until relatively recently it has been ominously quiet since, the occasional…
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Help - Cabot and Mortimer Clarke Solictors
I hope someone can help. In 2005, I took out a credit card with Lloyds TSB. Due to a change in financial income, I stopped paying Lloyds in 2014. Stupidly, after getting numerous threatening letters by Cabot, I paid them a nominal £5 a month from 2017 until around May 2020 when I ceased payments. So it’s not statute…
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Steps Before Starting a DMP
Long time lurker here finally taking the first step towards pulling my head out of the sand and facing up to the hole I find myself in... In the past four years I have accumulated around £18k in credit card debt as a result of poor budgeting during a house purchase, 2 maternity leaves and loss of income due to reducing my…
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Realised partner is not on council tax
I’m really just wanting some advice on what to do. I’m really ill about this and am barely sleeping/ eating. I come to do my usual ‘spring clean’ which is usually looking at bills, making sure everything in order. Everything was fine until I come across the council tax bill. From February 2023, up until now I have been…
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Debt Collector help / advice needed
Hi all Need some advice or help with a debt collector agency, Lowells / Overdales solicitors (which is really Lowells) / and now also engage Services Over two years ago (2022) I started getting numerous letters from Lowells saying I owed some debts I ignored the letters at first due to not knowing anything about the debts…
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CPA refund from bank
Hello all, I’ve been a lurker for a while but finally decided to make an account! This is a bit of read so I apologise in advance. So… I ended up in a bit of a bad way with payday loans and I’m in the process of starting with StepChange. I contacted my bank on the 3rd of April to cancel the CPA’s to the two payday lenders.…
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Temp switch to IO on mortgage to clear debt?
Just wanted to run this past you lot. An idea I had as an alternative way to clear some residual debt. Please pick holes in the plan, as always your feedback and guidance is valuable. I had posted on anoher board but feel this is better placed here for more concentrated advice. My current mortgage situation- house value…
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Very - Home shopping
Looking for some advise! We’ve had a dispute with Very over interest charges applied on a buy now pay later order which they extended payment date of in 2021. As part of the dispute we submitted a data subject request and found out that the account was not in my husband’s legal name. The account is in the first name he…
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Which option is best for me?
Hi, I am looking for some advice about which debt solution would be right for me and been going round in circles since October. I am in default on all but PayPal and loan has gone to DC who I haven’t yet contacted. I have ADHD and have struggled to manage money and debt all of my life. I have posted my SoA below. I am…
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How to improve credit rating after paying off a DMP
Hi all Has anyone recently paid off their DMP? I paid mine off in Feb 2023. I have one Credit Card which i pay off in full every month. Which is the best way to improve my Credit Rating? Thanks
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Lightbulb moment - but now queries.....
Hi Everyone! I had my lightbulb moment about a month ago. Already stopped DD's and any payments. With the exception of 1. I have a loan through Salary Finance which comes out of my pay before i receive it. Any idea what to do about this? I work in Financial Services so I don't think it will look good from a work…
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First default letter, what next?
I posted a few months and got some excellent advice. I have various credit cards and loans outstanding and have been ‘non-paying’ for a few months awaiting the default letters the first notice has appeared, obviously demanding the full amount. What happens next? Do i contact them and make a payment plan or wait until it’s…
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The start of default road
Hello, I have now entered default with one of two CC’s that I hold (MBNA) the other being Barclaycard which has not yet defaulted. I have had a scout through this thread and seeking some advice on how to take my next steps and things to avoid doing. I read about people going self managed which sound better and to take the…
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Stepchange setting up a DMP, is this for the best?
Hi, I have debts with multiple creditors which equal around £9000. None of these accounts have defaulted, and I pay them all off monthly, I pay a reduced amount on 4 of these accounts and the interest is frozen on them since Nov 2023 as I was struggling to make the payments. I am still struggling greatly to make all of…