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Has anyone moved house to clear debts?
Hello, Has anyone here moved to a smaller house to release the equity in thier house to clear thier debt? How easy was it? I am currently managing 3 CCJ's and some additional debts totalling approx £30K but I do have £100K equity in the house - does this sound a sensible idea - and do you think I would be able to find a…
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Suffered a blow, but will get back on track
My husband and I are in quite a bit of debt, we have 3 credit cards, and a bank loan, but he got made redundant from his, rather good, job about 20 months ago. The money came in handy, we paid off our debts and got married. :love: Little did we know that by becoming a family and him getting a low paid job, we would be…
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Who has taken an extra job?
Hi All, I'm thinking of taking some extra work in the evenings to accelerate the repayments of my debts and wondered if anyone else had taken similar steps and how this has worked out? I'm 23 and my girlfriend is 24, we've both got good jobs (approx £60k between us) but a big mortgage (250k), loans of about £11,000 and…
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Calls from Creditors
How can I stop the calls from creditors?? This morning from 8am-the phone rang at few minutes intervals-but just 1 ring/2 rings/3 rings and then stopped.When I answered it-grumpy as hell (it's the school holidays after all) it was a Debt Collection Agency and I told them I would be available later. I have asked people who…
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Unrealistic optimism and people's choice of credit card
From the British Psychology Society... Given their high interest rates, why do so many people continue to borrow money on credit cards? According to Sha Yang and colleagues, part of the answer has to do with people being unrealistically optimistic about paying off their balance each month. Two hundred and seventy-one…
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Cap Quest
Hello i am a new member and this is my first post. We have been paying American Express £2.50 for the last ten years due to a county court judgement. We have received 5 letters from Capquest asking for the whole amount (2802.48) or the bailiffs will be sent round. Capquest say they have bought the debt from American…
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Hmmnnn Help?!!! :-s
Hi everyone! Im looking for some advice to help clear my debts! right i currently owe in total: Halifax: £2000 overdraft HSBC: £1500 overdraft HSBC Loan: £1800 M&S Credit card: £950 total: £6250 Monthly out goings: (just what i owe not including rent etc...) HSBC Loan :£80 HSBC Overdfraft: £6 M&S CC: £30 Halifax: £30…
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Uk default recovery / debt collection letter
My partner and his wife seperated 4 years ago and he left the home. He has just recd a letter sent to his old address from uk default recovery asking for £5051 for CL finance ltd. He remebers he and his wife did have a loan for £2000 and presumes this is it. His ex wife says this is the first letter about the non payment…
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Who to call for free debt help and advice
Hello. I'm getting a few calls from companies re debts I didn't know I had etc, so who do I call for free, impartial advice to sort out these debts? I see lots of adverts on the TV, but for some reason I don't trust them. I have previously dealt with CAB but didn't find them very good. Who else is reliable and can get…
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Quick Question
Can someone please pot a link to that site what shows you how long it will take to pay your debts back by the %.I think it`s snowballing something? Tried doing a search but have come up with nothing. Many thanks
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Seriuosly running out of ideas...please help!!
I'm new to this site, a work colleague told me about, and I really think that I need some help and advice from people who have been there!! I have got myself into debt that I can't see a way out of. I won't bore you with the long story, I give you the short version. I have an outstanding graduate loan of £6270.22, which…
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Just what we don’t need – our bikes have been stolen!
OH has just phoned me to say that our bikes have been stolen from the back garden - mine, OH’s and one of my Dad’s (OMG! I don’t relish telling him) which he had lent to OH before OH bought his and we hadn’t got round to giving him back. DS’s was luckily in the shed – the only one that would fit in there. They’ve been out…
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Advice re: Repaying a debt
Hi I owe Lloyds TSB £2100 for an overdraft after my account was closed. I have hidden my head in the sand with debts for so long now, but this is the last one for me to sort out, so a monumental milestone. I just called the collections centre and have been told it has been passed to Allied, a recovery service. When I…
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Nearly there...but unsure what next
Hi everyone, Firstly I know this is going to be long winded so apologies... After struggling with my debts for about 7 years (feels like forever) I am finally seeing the light at the end of the tunnel and should be debt free in 6 months time :j I started out with over 20k worth including loans, credit cards etc...some of…
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Loan or keep going
Right here is the situation: Egg credit card - 4300 21.7% - paying £150 per month can increase to £200 It will take you 40 months to pay off these debts if you snowball correctly. During that time, you'll pay £1,667.00 in interest. Barclaycard - £420.00 paying 24.9% paying at £50 a month It will take you 10 months to pay…
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Help Required
Hi all, Im not sure if i have posted in the right area but i will explain my problem. I recently purchased a monitor from an online retailer for the sum of £274.88 pounds. I recieved an email from the company saying they were unable to deliver the product to my work address due to cost and could only send to the card…
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Weird text from CCS Ltd???
Hi all, I'm new to posting on this board as I don't have a debt problem (or not any more at least) but I'm wondering if anyone has come across this... My partner got a text today Quoting my name & asking me to call 08704584308 using reference 424832 from CCS LTD. A quick Google has brought up a debt management co (I think)…
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Trying to sort it but just another hurdle!!!
Hi We are just about to sign into a Scottish Trust Deed (very similar to your IVA). But first of all we need a Basic Bank Account. After visiting Clydesdale Bank they said yep no prob you can have one but we need a letter from your TD provider saying that you are allowed a bank account. (YOu cant enter into a Trust Deed…
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Balance Transfer - Large Amount! Please Help!
I wonder if some of you may be able to help/advise me....? I have 2 credit cards, one with Mint and the Other with MBNA ... I desperately need to transfer the balance from the Mint card (approx 6k) because I am only just about managing to pay off the interest on a monthly basis. I applied to transfer the whole balance to…
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CCJ Advice Please
Hi, I have a loan with HFC for £5000 (have paid more than 5k back over the last 6 years but its been topped back up with late payment charges) They issued a CCJ, I filled in the statement of earnings and with a remaining £50 "spare" money I made an offer of £10 a month.. i have finally got the judgement back and the courts…
