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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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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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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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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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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 or iva
I am self employed and my income has been pretty steady for the past 2 years, I have £22500 debt from credit cards and a loan which so far i have been paying just the minimum on everything but it has squeezed and squeezed my income and i am getting nowhere. I have no savings as I was using them to top up my income when I…
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6 figure debts more common now??
Had an interesting conversation with a friend yesterday who has been working for a debt charity. Apparently the number of people seeking advice with debts of 100k has risen hugely- usually couples with combined debts at this level. Our debts were not that far from 100k at the start of our journey and I considered us to be…
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DMP advice
Hi everyone I have been quite overwhelmed over the past 12-24 months and hoping for some advice and words of reassurance. Over the past 14 years I have accumulated £24K of credit card debt in the form of 0% offers that ultimately expired and while I moved them from card to card for a while and continued making payments,…
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Debt Stressed
Getting a bit worked up and stressed has led me to this forum. 33 and married, and as of 4 weeks ago have a 4 year old and a 4 week old. We have around 15,000 worth of debt which has slowly been accumulating over the last four years, this is generally spread across a Tesco credit card which has the balance cleared off…
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Irresponsible lending - is this really bad that this company has done this?
Hi, relative of mine struggles badly with mental health issues ( probably neurodiverse but no diagnosis). She’s medicated etc and struggles to make positive financial decisions when she’s struggling. last year a finance company allowed her to take 3 loans. She complained and it was upheld in her favour with the third loan…
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Will accepting reduction offer change this debt on my credit file
I have received a 9k reduction settlement offer on my largest debt, taking it from 12k to 3k. They’ve also said my credit file will be marked as partially satisfied. This debt defaulted in 2018, so would be moving off my credit file this year anyway. My question is, if I accept this offer will it change the date on my…
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Why do credit card and loan debts not result in bailiff visits?
I’m just interested it here, is it a legal point, or something that relates to CCAs? I had a visit a few months ago (posted here) for a reasonably small amount, further to a CCJ, however i have much larger credit card debts that simply result in endless letters Are there only certain types of debt that are permitted to be…
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A bit of debt clarity.
Hi, Was wondering if anyone could offer a bit of advice around my debts, or more so my now confusion on the potential solution. I've read loads on here and other things on line about the best way to go to clear my 61k of debt. It will either be a DMP or IVA and looked through stepchange particularly with budget tools etc.…
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Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
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Reconstituted CCA
If a reconstituted CCA is valid, then why aren't more creditors doing this instead of sending invalid CCA or stating they can't find the original? Surely it shouldn't be too difficult for them to recreate one, or am I missing something here?
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PayPal Credit default
My PayPal Credit account has showed in my credit report for at least a month now as defaulted. However I’ve never received the default notice from them in the post and they are continuing to write to me and send emails seeking minimum payments? I just received another letter today saying minimum payment by 8th April? I am…
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Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
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DMP - forgotten debt?
Hi there, I started a Debit Management Plan with Stepchange a while back (5 years? - they have been fantastic). I've had various letters from Interum regarding a Tesco debt, which I ignored as I assumed it was covered by my DMP. However, it has now been referred to ResolveCall who have said they are sending around a debt…
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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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Claim form received - CCJ incoming Kearne Solicitors
hi wondering if anyone can help i have received a claim form from Civil National Business Centre, it all seems legit. the particulars are saying its from a CCA from 2012 and defaulted in 2014 the agreement was passed to a DC agency intrum UK, its for £3141 and now has court fee costs and representative costs of £285 on…
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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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What to do?
Hi, I’m new to this forum and wanted some advice re: what to offer NatWest for settlement of credit card debt. The debt arose due to coercive control and the bank have been aware and I’m making token £1 payments per month. I wrote to them for a write off but they said they don’t do write offs and I don’t qualify for ‘no…
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Reconstituted CCA Barclaycard
Hi all, I've had PRA Group contact me about a debt they've purchased in my name from Barclaycard. I requested a copy of the CCA and have just received a response from PRA. They have attached a 'reconstituted copy' of the agreement and some statements dating back to March last year. The copy of the reconstituted agreement…
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Not sure if this is a default?
So as advised i have been ignoring my debts and awaiting defaults Not sure what actually constitutes a default, so taking one example from one card i have a Notice of default, followed 5 weeks later with a letter stating my ‘agreement has been terminated’ and my debt has been passed on the Moorcroft can i assume that is…
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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…