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Advice Needed?!
Back in 2002 I was in a seriously bad financial state, owing in the region of £40K to Natwest Bank in loans and overdrafts. My account was eventually shutdown and I made the stupid mistake of trying to ignore everything at the time. I have been moving around for the past 5/6years and so have never heard anything more…
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Statute of limitations on Debt ?
Hi Folks, I hope someone out there has a simple answer to this one....... Am I right in thinking that if a debt (eg to a bank or credit card company) has not be recovered within seven years of default, it automatically becomes un-recoverable, and is written off ? Thanks in advance for your input.
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Debt help
Hi all, first of all, i would like to say what a wonderful community it is. The amount of help and support people gives to others is amazing, i have never seen the like of it elsewhere. No one gets judged, people are just willing to help no questions asked. My current debt is around £5000, £2500 on a credit card, £1200 on…
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Help With My Debts
Hi Everyone, Ive been looking over the site a lot today and there is some really useful information and it gives me hope to read it all! I am however, in debt like most of you and its really starting to get me down. I worry all the time and i never seem to have any money to myself. I have a £10,000 loan and a credit card…
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My debts are bigger than I thought!
Hello all, Advice needed, I tracked all my debts last night and set up a simple spreadsheet which horrified me! I have listed them below in descending APR order: - Bank overdraft: £8,000 - 19.3% (£10,000 limit) Credit card: £14,700 - 16.9% (£15,000 limit) Cahoot flexi loan: £3,750 - 15.9% (£5,000 limit) Abbey loan: £19,200…
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Advice PLEASE!!
Hi I have the following debt: £13,500 left on 1 loan @ £385 per month £4000 left on another loan @ £136 per month £8300 on one credit card roughly £150 per month £6700 on another card @ roughly £135 per month I went to the bank for advice today and they just offered me a verylarge loan which with insurance would increase…
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Attempt at losing the cards, advice please.
Hi folks, I'm after a bit of advice to help me lose the cards of doom as at the minute i'm hardly denting them. I've just acquired a new barclay card with a 2.9% bt handling fee and 14 month interest free with a paltry limit of £850, better than a kick in the teeth though :D . Basically i'm looking for advice on which debt…
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My SOA - help and advice needed
Hi, I have been loitering around here for a few weeks, reading everyone's posts and picking up some great hints from them. I have posted a couple of times myself but thought I would take the plunge and look at my full SOA. Any advice etc will be greatefully received. Here goes.... Wages - £1003 pm OUTGOINGS Rent (inc…
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Another SOA from a Newbie needing advice!
Hi I'm new to these boards and have been advised to come over here and post a SOA. Well now that I've actually found out what one is, here goes... Income Salary £1050 2nd job £200 Total £1250 Outgoings Mortgage £220 Council tax £55 Gas £50 Electric £25 Water £15 House Ins £22 Mortgage protection / life Ins £33 Car…
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What to send a friend in need....
Right, I know this is gonna seem like a bit of a silly question, because I reply to people on here all the time, and usually I talk sense..... but I have a bit of a dilemma... A old work colleague and friend of my OH called last night asking for our landlords telephone number, as he's selling his house to move into a…
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Up to my neck in it
Hi everyone. As the title suggests im up to my neck in it and really wanted some advice. Has anyone ever had any dealings with the moneyshop? I made the mistake of getting a payday loan with them about 6 months ago and Im stuck in a rut. It costs me 86 pounds per month just to pay the interest and roll them over to the nxt…
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Helphelphelphelp
hello please can someone give me some advice? i am in debt of about £8800.It is on credit cards. natwest £1910 on 0% until april 08 HSBC £1140 on 0% until April 08 Mint £2400 no longer on 0% Halifax £1335 on 0% until oct 08 egg £2000 on 0% until april 08 I am not in a position to pay them off so am only paying minimum…
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Rossendales
Hello All. this is my first post. has anyone else had dealing with this firm of bailiffs? my partner has been signed off sick for nearly 2 weeks, so i asked for more time to pay, bearing in mind i've alwayspaid them on time and i'm paying back £200 on a £1700 per month. they were'nt interested in giving me til the end of…
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Rossendales
Hello All. this is my first post. has anyone else had dealing with this firm of bailiffs? my partner has been signed off sick for nearly 2 weeks, so i asked for more time to pay, bearing in mind i've alwayspaid them on time and i'm paying back £200 on a £1700 per month. they were'nt interested in giving me til the end of…
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just a thought..
if everyone on this site was to dontate a nice shiny new £1 coin.... to an account we could raise between us approximately 15000 pounds . then we could do a monthly competition to see who wins that amount . think how many of you play the lottery and never have a chance of winning. so for £12 pound a year you have the…
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aDVICE ON OFFERS TO PAY PLEASE!
Hi Everyone Situation is this: We have just sold our house as we are moving abroad and we have several large credit card debts that we nee to pay off within the next couple of weeks. What I would like adviceon is how open are credit card companies to an offer of payment below the amount the debt actually is? For instance…
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WHAT SHOULD i DO???
I admire all the people on here who are steadfastly paying off their debts, cutting back, thinking twice about everything they buy, great stories and tragic ones, but I seriously think I must bite the bullet and sell my house, I'm 51 yrs old, have a partner, son (aged 14) and mother(75) who live at my house. My story is…
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Whats a good song to listen to whilst doing this
Just about to sit down and deal with the mess that is my accounts. Need some happy music, what do you listen to? (yes I know....anything rather than facing this):D
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dca letter - quick question
hi there, i was just wondering if I could just ask a quick question about a letter I've received from a debt collection agency. I wrote to them last week about a debt I owe, offering a repayment plan which would pay it off in 3 months. today i've recieved a letter with a budget plan to fill out which isn't a problem, but…
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20K of debt and stuggling
I need some help with this one... 20k of debt in a loan, and credit cards... my repayments per month for the loan is £286 which is fully paid off in September 2009... i have around 5 credit cards totalling around £300-3400 repayments.... me and the mrs would really really like to get our own house, but whats my best…
