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To consolidate or not to consolidate....
I have £11k on credit cards, which are all 0% until 1 December 2010 - I have £7k in my savings to offset against this, however, I have recently found out that I am pregnant, and therefore I will need the savings to top up our income when I am on maternity leave - my OHs wages will just cover our outgoings, and then my…
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DMP companies please
Hey everyone Just after some advice. I've been doing my 'own' DMP for the last year or so and its been fine. However one of my creditors (1st Credit:mad:) have been hounding me morning, noon and night to up my payments. I just cannot afford to and they have now said they are going to start legal preoceedings against me.…
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Debt to Income Ratio
Hiya Credit card section directed me here. DH has an income to debt ratio of 44%. Owes abt £8300 on cards and loans and income is abt £19K. My income to debt ratio is abt 28%. Owe £1650 on card and my SE income is abt £6K. Together our income to debt ratio is abt 40%. We also have a mortgage of £520 per month, plus £120…
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feeling fed up
I have been doing in own DMP for approx 2 years ,i have 6 creditors .The first 12 months was abit rocky 4 of my credits accepted my plan straight away but 2 of my debts which was a CC & loan with LLOYDS TSB was a nightmare they continued to add interest for over 12 months which means i havent actually payed much of my…
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Ok, here I go...
Well hello and thanks for letting me post my first proper 'I want to be debt free!' post! (Hopefully this is in the right place, if not please move it to where it should be?!) I've spent the past few days really trying to get to grips with my debts and I thought I knew how much I owed but it's definetely surprised me! I've…
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Don't want to 'go it alone' anymore!
Hey everyone, I joined the forum just the other day after about 8 months of reading posts (everyone seems to say that so I'm glad I'm not the only one!) and attempting to learn everything money related. I was in a really bad place when I first found the forum owing a lot more and having a lot less coming in each…
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Help!..I Dont know where to start
Hi, I really could use some advice.. Let me explain how we are in this mess. We have allways lived financially close to the edge (and usually beyond). This wasnt a worry as we both have quite secure and well paid jobs our joint income is £74k a year. We had no resposibilites just 2 dogs.. We have always owed a lot but have…
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Mobile phone question
I notice a comment to alot of people's SOA's it to get rid of the contract and switch to pay as you go. Is it possible to do this when you've still got 7 months to run on the contract? I'd hapily switch to pay as you go, but is it possible?
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What should I do???
What should I do??? Reasonable income, but too much debt. Partner unable to work to illness (unable to claim benefit for this) Really, really worried now. Overspend by £300 - £400/mth, rolling the debt and increasing it - never start to repay it. Reckon in next 12-18 months things will be taken out of my control by…
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DMP advice
Good afternoon, have finally come to the conclusion that following the loss of my job a year ago which resulted in me only being able to find part time and temporary jobs since that I can no longer manage my debts. I intend to approach the CCS and have credit cards totalling approx £20000 to which I can only contribute…
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Has anyone arranged repayment plans with credit card companies themselves?
Hi, well I finally took two days off work to specifically go through my finances, see how bad the situation is and try and take control of my debts and find a way through. It was horrific I have 26000 on credit cards outstanding and am struggling with the minimun payments which total about 700-800 per month (and I only…
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Can someone tell me more about 'snowballing'?
Hi, I'm new to this part of the site, and wondered if someone can tell me about snowballing? Looking to pay off a hefty debt so any advice welcome! Thanks toastie
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Hi, New to this part of the forum
Hi all, Ive had my lbm and it's time to sort my finances out, I just did the budget planner on here and according to that we should have £253 a month spare (which we never do) so I think a spending diary is in order. I have to go out now but I wanted to get the ball rolling, I will post a SOA when I get back. ETA SOA…
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Weekly Spend Challenge W/C 30th May 2010
Hello everyone . Welcome to the weekly spend challenge. This challenge is open to anybody, no matter what financial place they are in. On this thread please post an amount of money you wish to stay below within the week (Sunday to end of working day on Friday). This can be pennies or thousands it depends on the individual.…
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catalogue settlement
hello guys me again hope u guys are enjoying your weekend! i was wondering like any finance comany if catalogues also offer settlement figures too. basically i have 2 catalogues in my name and have a balance on them. I have been paying minimum payments but wondered if there was a way where I could chat to them, ask them…
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Paying debt to capquest
Hi not sure i have posted this on the right thread I got a letter about 1 1/2 years ago from Capquest chasing debt for a bank of scotland loan that i had not finished paying off. I made arrangments to pay if off at £100 a month. It has been hard to keep up the payments as my partner has loss his job. I have recently read…
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help...what do i do???
Hi everyone, Just wondered if anyone could help me with my situation, basiclly i lost my job at the end of january this year, i signed on and looked high and low for a job, after no luck and running my dads bussiness for the last few years i decided to try open my own business. Money was a major issue after applying for…
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Advice on Full and Final Settlements
Hello I am considering making F and F settlements to my creditors, all of which are now DCAs. Here's what I currently owe: BLS Collections £5654.78 Capquest £760 Robinson Way £1621.22 Does anyone have any experience of doing this, or have any ideas on what I should offer? Also, how should I offer it e.g. letter, phone call…
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Offering F and F Settlements to creditors - advice please
Hello I am considering offering F and F settlements to my creditors, here's what I currently owe: £1621.22 to Robinson Way - formerly HFC bank £5654.78 to BLS Collections - formerly Lloyds TSB £760 to Capquest - formerly Capital One. Has anyone got any experience of offering F and F settlements to any of these companies?…
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Bailiffs - warrant of execution
Hi all, would be glad of some help. I got screwed in a pub business last year, they wouldnt let me out of my lease even though we had spent all our savings doing it up, so we left. They got a judgement for £70K in rent owed, bailiffs came and I did what I read previously here. 1. Didnt let them in, even when one asked to…
