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Rental Income
Hello I'm probably asking a ridiculous question on here but here goes anyhow. Unplanned initially but we have ended up with 3 houses. We lived in England but moved to Wales due to hubbys job - couldnt sell the house there so rented it out (3 years now). In 2006 we bought the home we live in in Wales and then in 2007…
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trying to understand Bankruptcy and IVA
I hope i'e got that right, as this is all so confusing is IVA the same as DMP? Basically, I'm around £22000 in debt (also owe my father £3000 which is on hold). Im trying to understand the differences between bankruptcy and payplans and which is the right option for me. Is a company like CCCS likely to assess my situation…
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Lloyds TSB help please.
Hi folks For anyone who has online banking with Lloyds TSB have you had any problems with checking your statements online? We have a new account elsewhere but have gone token payments for now with Lloyds TSB, and have been informed they will not freeze charges etc on the latest letter from them, so they continue to take…
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Doing a carboot sale tomorrow
Getting sorted to do a carboot sale tomorrow...to help raise some money...all proceeds going towards paying off what I owe...over the years its amazing how much stuff I have bought and never use...tomorrow am hoping to use it to help pay back some of the money I borrowed...whilst waiting for my appt with CCCS. I also need…
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Refusing to freeze interest
I currently have 5 credit cards that I've got into an awful mess with, I started applying for cards with 0% interest swapping balances over and not cutting up the old cards. I am making the miminum monthly payments on all of them and the cards are now cut up however I am making no headway in clearing my debt. I have…
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How much to offer in a full and final settlement?
I'm considering writing to CL Finance (who took on a GE Money store card when I started my DMP) and offering a full and final settlement but wanted some advice on how much to offer. The debt was £700 in May 2008 when GE Money passed it to CL Finance. The debt is now £500. My monthly DMP payments have been £14. I've just…
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What to do in a emergancy.
What do people on dmps do when they have a unexpected urgent expence? For instance car needing big repairs, boiler brakeing down, etc. I am just wondering and trying to prepare for the worst. I know you can lower dmp payment and try to build up emergancy fund etc, but what if thats not enough, I know you are not allowed to…
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can someone point me in the right direction?
Hi all. I recently found this site and looking for some urgent advice. i'm basically in a mess and have been for a while but its got to the point now where i dont think i can afford to pay my debts at the end of the month. Long story but lost my job a few months ago and living on credit etc now i have another job but on…
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Early lightbulb moment?
Hi MSE'ers, I am a long time user of these boards and trust pretty much everything on this website :D My debt is around £6k and we are just about making ends meet. I need a bit of help and advice and a nudge from you precious people and have posted our SOA below. However before you have a look at the SOA please read the…
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What now??
OMG, I think we've just made a boo boo, and I'm not sure what to do. We've just started a DMP with CCCS, and were advised to open a new bank account as our current bank is one of our creditors. So we've opened a new account with Natwest, changed all our DD's, wages etc and that is now all set up and running. Today we've…
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Time to get debt free - Snowball or payoff?
Hi all, I have been in debt for some time with credit cards, but I am now looking to clear my debt - but am wondering the best way to go about it! Bear with me as this may be a big post! I have 7 credit cards with various amounts totaling £8,925.12. I have managed to secure a loan from my parents for £6000, plus I am about…
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bank charges, should i or shouldnt i?
Do you think i should start to try to claim back my bank charges? im owed nearly £2500 (i think) off hsbc but im in a dmp and not in financal hardship. i dont want to rock the boat with hsbc (i owe £2670 to them) as every thing is giong great.:confused:
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Lowell
is anyone having problems with Lowell or is it just me? we have 3 accounts with them - 2 for OH and 1 for me. OH's accounts been running Direct Debit since Dec 07 - changed to standing orders 2 month ago, we raised his payments but sent in a letter and phoned them and explained that we had changed the SO but this was only…
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charging orders
Myself and hubby have been sent court documents for a forewith from TESCO FINANCE , it was for a joint loan . The documents that they have sent us has figures wrong and myself and hubby have different court dates. I'm worried as they are trying to get 2 charging orders for the one loan , The amount we pay is wrong too as…
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Saturday 18th & Sunday 19th July - What small DFW things have you done this weekend?!
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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almost debt free but question about clearing credit cards
Hi All, only 2nd time posting, but avid follower of Martin's. WHen the recession (credit crunch is such a 'sweet' word!) hit last year I had already vowed to clear my personal debts of approx. £6-7000. Credit cards, store cards, small o/d etc. I am down to £2,700 with some nice tips from Martin, and want to reduce it even…
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*Weekend Chat Thread 18/19th July*
Morning all I went to see the damned united last night and slept all the way through it...:rotfl: Wonder if Bookie is having a good time (or has even got to Atlanta yet!) I miss Sally :o Hope you are okay Sal SRM - I am with the A&L and have the same problem, well I don't have my card cloned but if one of us loses our card…
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Gotten myself in a right mess
Ok so where do i start...I've had unsecured debts for so many years I cant remember. Loans, credit cards and basically stupid decisions i made in my early 20's. They are all passed to debt collecters now and I've got to the point where I've lost count of how many and how much, i have piles of letters that im afraid to…
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Secured Loans
Hi, I am currently waiting for my appointment with CCS but in the meantime trying to research the options I might have suggested to me. I have approx £62,000 pounds of debt and already posted my SOA... I have no CCJ's but just recently late payments and overdrawn fees galore. I'm not going to claim this back until after my…
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Debt Free Wannabe...desperately!
Hello everyone, my name is Paul. I'm a 23 year-old staff nurse from Glasgow. I'm basically here to be debt-free (well duh Paul! :P) Have done a SOA vvvvvvvvvv and to be brutally honest, am sickened (and embarrassed) with myself about how much debt I have gotten into despite earning a not-to-bad wage (about 28k gross per…
