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Can I take bankruptcy as an option
Dear DFW advisers, Putting it bluntly, I have £32,000 of unsecured debt on loans/credit cards because I ws propping up a friend's company with my time and money. It may fail due to new eu regulatory issues, overestimation of the market, or it may take longer than expected. The company is now in no position to pay me. I do…
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Doing your own DMP?
Hi, I was wondering if there is anyone out there that is doing there own dmp? I am looking for advise on how challenging its is to get around creditiors yourself. We have started the process of sending token payments of £5, the two biggest creditors have seemed okay over the phone (i know this won't last). But if we can…
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Help!!!
I am not sure what to say or how to voice my fears. I was doing really well and helped my sis out of a sticky situation, but now it has landed me in the dog doings, as she did not contribute financially to the situation I got her out of, as she promised she would when I stepped in to help her...is a long story...however I…
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Ccj Help I Dont Know What To Do
Hi I today received a county court letter for a catalogue debt from years ago, which i had asked for a signed copy of the credit agreement and they could not supply one has i had never signed it, since then I was harassed from several companies and ignored them all, now i have this ccj letter and i do not know what to do…
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cccs or not??
Hi, a little advice required:think: being a noob i shall give you a little background. ok, my loans, hsbc loan, £ 15000, capital one (cc) £8000, mint (cc) £5500 marbles (cc) £ 500, egg (cc) £ 250, thinking of transferring the last 2 to mint card, before i do anything else, less creditors the better:rolleyes: :mad: right,…
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Formal DMP or snowballing?
Hi We jointly owe around £18,000 and wonder whether we need to do an 'official' DMP with someone like Payplan, or whether we could do it ourselves by using the snowballer (on www.whatsthecost.com)? I can see the advantages of going through Payplan - creditors not hassling us directly, more 'clout' of a respected name, seen…
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Need a loan? Hows Typical 1355% APR sound!
Seriously! Don't knwo how I ended up on a mailing list for payday loans :confused: But they just sent me a mail offering be a fab deal for a loan for a mere Typical [FONT=Verdana, Arial, Helvetica, sans-serif]1355% APR!!![/FONT] I'm deeply impressed... What a stunning bargain.......... NOT!!!! I thought some of the card…
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Is nearly debt free - Thanks Martin Lewis
I would just like to add a big thanks to everyone and Martin Lewis Money Saving Expert Website Last year I posted about my concern about my finances, but boy have things so changed within the last few months. Just thought I'd let you into what I have been doing and my situation. Last year my outgoings was more than my…
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BB_bunny's paying off debt POA...
Hello all! I've not posted since my first thread a couple of days ago... in which time I've been doing a lot of thinking about the quickest way of getting debt free. At this precise moment in time I have about £20 to my name, pay day is on 25th :eek: however I am due a £140 refund from O2 which will be with me next week -…
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Help - newbie with question re: statutory demand
Hi :D I am new on here and I am hoping that someone will be able to help. A while ago we took a cash advance on a Barclaycard which was the wrong thing to do I know, however it was one last ditch attempt at saving my business (which did not work) We did not keep up repayments and if I am honest I buried my head in the…
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Lowell
Hello Again, I have lowell chasing me for a debt which for sure is NOT over 6 years old. So i sent a request for the original CCA from them with the template letter which i got from this site,then posted it on the 15/06/08 with the £1 postal order. I recived a reply a week later saying that they were going to get in…
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Help please! IVA & Bank Account
Hi, I am applying for an IVA and have been told to open a new bank account first. I just need a basic account with a debit card, no overdraft. They reccomended the Co-op basic current account but they have turned me down. Does anyone have any suggestions? Thank you.
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Debt not showing on credit report
Hi Have just started going through the process of an iva and requested my credit report to look at have looked through it but i couldnt find one of my biggest debtors on there its with northern rock i have an outstanding loan with them off £33,000:eek: just cant understand why its not on my credit report even though my…
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25K debt HSBC, 3K cash other bank
Hello, I wondered if someone could advise me. I owe 25K to HSBC (because I am an idiot) but with another bank I have 3K lent to me by a relative for emergency purposes, which she now needs and which I plan to return. Via National Debt Helpline I learned of a debt management plan in which a person can pay at least 100 a…
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need advice on haunting debt
hi all i have recently received a letter from a debt collecting agency stating that i owe £120 on an old mobile phone bill from 2004. a few years ago i got myself into quite a bit of debt but it was all paid off in a lump sum in 2006. i got in touch with orange at the time to pay the bill and i was told that the account…
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When do you know you need to do something?
We have large debts (over £40k) and while at the moment we are managing to pay them we are living on credit. They're not going up but at the same time, with all the rises in costs of fuel/food etc... they are not going down anymore. We do try to keep spending at a minimum and always get the best value when policies are up…
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I'm in big trouble
My debts are as follows....... cc1 - 1600 cc2 - 600 cc3 - 1100 cc4 - 1000 cc5 - 2500 Loan 1 - 1800 Loan 2 - 2450 Buy Now, pay next year (or not in my case) 1 - 250 BNPNY 2 - 250 BNPNY 3 - 900 TOTAL DEBT IS APPROX 12,450 I lost my job in January and basically, since then I have been 'flying on petrol fumes'. I started a new…
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New Debt Diary.need a fresh jump start !!
Hey all - Updated SOA Needed to start a new thread as the old ones pretty irrelevant and i need a fresh outlook/kickstart.. heres how things look now but i anticipate we may get a reduced income soon as earnings dropping due to lower commission caused by no spend with the credit crunch!! Statement of Affairs Monthly Income…
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DF Ways to keep kids occupied
Volunteered to take my 3 nephews out camping for a few nights in the lakes and I've realised I don't have a clue how to keep them occupied. They're aged about 8, 8 and 6 (I think). Need suggestions!!! Despaired a little bit at the fact non of them seem to do anything that require any sort of exertion, effort or…
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CCJs and application forms
Hi All I found out yesterday that I got a CCJ 4 years ago (long story- i didnt know about it). I have paid the debt collection agency who said they will inform the necessary people to have it marked as "satisfied" on my credit report. I have under 2 years left for it to be sat on my file. When i fill out an application…
