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NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
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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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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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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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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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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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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
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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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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DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health 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) Those who are new to debt, and want to know where to start, check out these first steps :…
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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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Newbe... DMP Advice Please
Hi all, new to this forum and have read lots of threads and thought i'd post to try and get a little bit of more personal advice/thoughts.. Been on a DMP (Stepchange) since early 2016, currently down to owing just over £8k. The following are the balances and creditors/original creditors. As it's been so long and i've still…
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Please help £75k debt!
Hello everyone, I found this forum and have been reading different stories the last couple of weeks because find myself at breaking point, 35/M I have a history of gambling addiction which is the root cause and for the first time in my life ( it has been approx 2 months where i feel in control of it and honest with it to…
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Trading Loss
Help, A friend has lost money trading and now owe a considerable sum of money. the company want the money back but they cannot afford to give the whole amount back - is it possible to come to an agreement of some sort? Help please
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Can I complain to someone Cabot threatening letter
Been on path of asking for CCAs over period of time . Success with some . However Cabot sent letter 6/8/25 stating couldn’t find documentation for Santander loan then on 11/8/25 offered 75% discount . But today receive another letter saying defaulted and they ‘may consider sending an agent to visit you at home ‘ ! I find…
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CCA Requests (Zopa/Cabot)
Hi, I'm currently in the process of working through my 9 creditors to request cca's. (nearly £50k debt) all which was defaulted 6 years ago. Most loans and credit cards taken out 8-10 years ago. So far out of the 9 only 2 have managed to produce a CCA which look pretty good to me. Cabot originally advised they were unable…
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Opos Limted Email - Help!!
Hi, I have been sent by email from the above company the below any advice on how to handle it???? My Credit file is clear and has been for the last 15 years I've been with my partner as we've had a mortgage & credit cards together for that long. Any help would be appreciated. Contact Required.We are attempting to contact…
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Please god help, 60k in debt and feeling suicidal
I have the following debts MBNA CC- 9286 MBNA Loan - 9193 Barclaycard CC -14,094.50 Natwest CC - 19,719 Virgin CC - 4811 Very - 2750 I have used up breathing space of 60 days with all of them apart from Virgin & Very who i am managing to pay £50pm each to & have not gone into bad credit with them yet The rest are in the 2…
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Defaulted on loan
Hi I'm new and looking for some advice. I currently not working at the moment so receiving benefits and pip. I had spoke to step change and set up a token repayment plan until June. they are saying a DMP would be the best way forward. However it will take 10 years. They worked out my budget sheet and said I can only put £8…
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Redress for data breach by Halifax for corresponding with the wrong debt management company
Hi Forumites, I made a formal complaint to Halifax about why they (unlike my other creditors) didn't default my credit card account in 2019 when I was 4 months in arrears and then entered into a DMP managed by PayPlan. Someone from the complaint team at Halifax called me this morning to discuss the complaint. She referred…
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Defaults Running Out
It appears that all the defaults I have will run out between Feb-May 2027, so in about 18 months. Does this make any difference when making F&F offers? Or is it not going to make any difference to creditors? All 5 of my remaining debts have been CCA'ed and they provided the paperwork so I'm currently paying small amounts…
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Virgin Active Gym Membership Debt Recovery
Hi all, Looking for some advice or shared experiences. I joined Virgin Active earlier this year and paid for three months of membership via direct debit. I never actually used the gym during that time. After the third payment, I called to cancel my membership, and cancelled the direct debit manually, and now I’ve received…
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About to start self-managing a DMP - some questions
Hi all, I’m preparing to self-manage a debt management plan (DMP) to keep more control over my finances, rather than going down the formal DMP route, and I’d really appreciate some guidance from others who’ve done this or are knowledgeable. Background: I was made redundant in November 2024 and haven’t been able to return…
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Struggling to commit to a DRO
Long story short I’ve spoken with Citizens Advise and I currently qualify for a debt relief order but I’m worried about the consequences it will have on me moving forward. I’m currently out of work and will struggle to get a job for at least a year because I’ve just been given a community order which is a criminal record…
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Irresponsible Lending Complaint Against Amex – Draft Decision In
I raised a complaint against Amex for irresponsible lending, and the investigator has now issued their draft decision. They concluded it wouldn’t be fair for Amex to refund all interest and charges dating back to September 2017. Instead, they’ve recommended that Amex: • Refund all interest and charges from April 2019…
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Cabot threatening to visit
I have a few accounts with Cabot that I have been paying regularly every month over many years, never missing a payment. Within the last few weeks they have been constantly trying to call me between 8 and 9 every morning and then leaving a voicemail when I don't answer. I tend to avoid answering calls anyway as I'm…
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Debt Recovery Firm Chasing, But No Prior Correspondence?
Good Afternoon, I've recently received a voicemail and two text messages from Trace Debt Recovery UK. The voicemail was received on the 5th September and was an automated voice stating 'this is a call from the Trace Group about some existing business you have with us. Please call us back on 01604 300540 or visit us at…
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Cabot advice
Morning all my halifax defaulfed a year ago and been paying cabot £20 a month. They have written to me to say they want me to do a budget again to try pay more Do i need to do this? I have offered to pay £30 now but there still asling me to do a budget thanks all
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Self Managed DMP Account Sold
Looking for help with the next steps Shop Direct - default notices been arriving since last payment in February. But no official default yet. Letter today to say the account has been SOLD to ACI Do I go ahead and start payments with them ?
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Debt & Defaulting. The Process...
Hi all, Been a lurker here for sometime. Great forum with the most useful advice! My story is similar to many others... Over several years I have got in to debt, consolidated. Got in more debt consolidated. Rinse & repeat... Its now come to the point I can't cover repayments. I am hoping to follow the advice i've read on…
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Business loan PG being enforced - Solaris debt collectors demanding payment or court - help!
My business used Capital on Tap for a loan. Unfortunately, the business went downhill as a result of the COVID Lockdowns, and I’ve received a letter from Solaris Law, representing Capital on Tap, informing me that they intend to pursue me personally due to a personal guarantee I signed. (I don’t recall any mention of a…
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