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Can one of my creditors force me to cash in my endowment policy?
Hi there, I'm hoping someone can help me with the above question. I have quite a lot of debt and had an equitable distribution repayment scheme set up by the CAB about 18 months ago and am now starting to get a little pressure again from my creditors. Most have been very understanding and are allowing us to proceed as…
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CCCS - any good?
I have an appointment with CCCS about a DMP this week. Are they any good? I have nearly £100,000 worth of debts (all unsecured) and in the long term, I will be able to repay them, but short to medium term, no chance. My income has decreased (I am self employed) temporarily and I am now unable to meet the monthly…
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Full and Final Settlement Offer
My husband has recieved this letter from Tenon Recovery regarding a Royal Bank of Scotland debt for £27,325.58. Can you tell me if this dsounds alright and if you think its ok to pay?! Dear Mr Johnstone, I have discusse your situation at length with the bank and the bank have considered your circumstances and as an…
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Re: Scotland, Defaults and Decrees
Hi Has anyone living in Scotland tried to have a default or decree removed after 5 years rather than 6 because in Scotland the time bar is 5 years. I was thinking under the Data Protection Act they have to keep only relevant information and after 5 years it is no longer relevant. I found the exact piece of legistation, it…
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Monday 29/09/2008 What small dfw things have you done today???
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
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**Daily chat thread**29th Sep 2008
Groan - never again! I was so ill yesterday as a result of overindulging the night before! I think it has put me off wine for life!:eek: Had to go to bed hungry in the end as I just could not eat.......I kind of lost the whole day yesterday which I absolutely hate...still feel a bit rough this morning! Wanted to get back…
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Terminal Illness - debt about to become a problem
A family member has a potentially terminal illness. I have sorted through his financial affairs and because he has been self-employed and unable to work recently it is apparent that the direct debits are going to start bouncing soon. These include ; unsecured loan (£10k) debt repayments interest only payments for mortgage…
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Colleys sorting his life out b4 its too late
ok heres the story ive posted on here a few times lately coz im up to my eyeballs in debt and im sick of the fact that im 26 years old and i have only one chance at life and i havent a penny to spend the day after payday every month because of my recklessness in the past.I know ive spent it and i should pay it back but i…
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Offers Prepared, Your thoughts?
Hi guys, just written and prepared some letters to the majority of my creditors to be sent tomorrow morning recorded delivery. Here are my offer... 1. Link Financial Owe: £4,100 - Offered: £800 2. HFC Bank Owe: £1,934 - Offered: £400 3. C L Finance Owe: £710 - Offered: £180 4. Collect Direct Owe: £529 - Offered: £160 5.…
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Bank account frozen
Today my card was swallowed when I went to withdraw some money. I phoned the bank and they had placed a transaction block on my current account due to non payment of my creditcard. The same day in the post I had a letter confiming this and demanding the full amount of the card within 14 days or they would take monies from…
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Is it better..
I was just wondering, I have a debt on a credit card and they have just upped the APR to a wopping 34.9% APR thats worse than a store card, I have approx £2000 on it, I have an overdraft of £1500 (which is in the black), is it better the pay the credit card off with my overdraft or leave it as it is?
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funkyfive
hi there, after some advice pls i dont seem to be the only one to of had various letters from red,lowell,mckenzie hall and a new one to me last wk j2s! asking me to call them urgently regarding a personal matter thinking it looked a little dodgey i googled like everyoon else and found you guys and all this, had decided id…
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Sinking Fast 2
hi i was told to post this on here incase anyone can help sorry so long ... Please would someone direct me to any post that can help we have 4 cards-
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Is anyone finding their partner is not in 'that place' yet?
DH doesn't seem to be embracing our new moneysaving existence. We start a DMP in November - currently will take about 9 years to clear but I want to cut that! Have been out and shopped very economically today but OH not at all impressed with the 'value' shop! :mad: Sx
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Hello!
Hello, :hello: Have just stumbled accross your forum and decided to join. Hubby and I set up a DMP with the CCCS in May 08 - one of the best things we have ever done. We are still having problems with a few of our creditors, which is a bit :eek: Hello to all! Phoenixrising x
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Another card bites the dust!
Another card bites the dust. Makes it all seem worthwhile. Am getting there slowly oh so slowly. Makes it seem worthwhile. Sometimes feel dont have a life anymore & that Im getting rather obssessed:eek: Really going for it at the mo though as feel worried that one of my sources of income is going to dry up & I will be in…
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Card debts - best approach?
Hi, I'm helping my girlfriend out with addressing her card debts. Here's where they're at: Description....................Debt......Monthly...APR.....Limit .........................................Payment................ Virgin card....................7574......89........18.....15700 Egg…
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Business Partner Needs more than business can handle to meet personal expenses!
Hello - Recently our LLC has had to make some adjustments in the way we spend our money. One of these adjustments included taking equal paycuts between the 2 partners in the business. We are faced with the reality of having to undergo a second round of cuts ($1,000/month/partner). Partner A has personally made the…
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Mackenzie Hall - HELP!
Hi just wondering if anyone can help, I'm a newbie and i know Mackenzie Hall have been covered but I could do with some help. I recieved a phone call from Mackenzie Hall they asked for me by my christian name when i answered the phone so i just said yes that it was me -DOH!, they said i they were acting in behalf of Cabot…
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Whats the difference between
a debt management plan, debt management and an IVA?
