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Dealing this DCAs at the moment - read this document.
http://www.oft.gov.uk/shared_oft/business_leaflets/consumer_credit/oft664.pdf Handy to refer to in any letter you write to them for various scenarios. If you are with Capquest or any other DCA that seems to charge an admin fee per month then have a lock at section 2.10 My advice is don't tell them about it, say you have a…
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Sat 25th/Sun 26th - 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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Card debts - 'One Debt Solution.co.uk' - bad idea??
Hi Money savers, I'm trying to help a friend who has recently told me that she has a total of £2750 in debts spread across three credit crads. She arranged for the company 'one debt solution' to take on the management of the debt and she is paying them £100 a month in an attempt to clear the debt which she ran up as a…
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Very confused and need advice
I took out an unsecured personal loan with the Alliance and Leicester in 2006 (£15k) and all was fine until I lost my job last year, I explained my situation to the bank and they allowed me to make token payment. Fine. Earlier this year A&L were taken over by Santander and soon after I was informed that the debt had been…
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Historical Debts and Mortgage
Hi My history is back in 2006 I had a few credit cards, a loan and an overdraft. I was struggling paying them all so set up a payment plan with Payplan without whom I would now not be completely debt free. I have since got married and we are looking to move house. I have never had a mortgage before and have warned my…
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DMP - Trust Deed End?
I got involved with a DMP with Spectrum over 4 years ago (Nearly 5) during my divorce, I believe it is an IVA (Trust deed), My knowledge of these is that after this 5 year period my debt is scrapped, Is this right? I have since read they are a bit dodgy (Been on watchdog) and of course If I knew then what I know now I…
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DCA - F&F, Not on Credit Report
I'm wondering if you can help me…I have 2 queries but I'll split them up Firstly…. I got my self into some financial trouble going through an auful divorce. I had a ccard that was passed over to a DCA, I think it's now been sold on 2 or 3 times over the 4 years or so….My son is now in a position to help me which is great…
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Seriously considering the IVA path
I have also posted in the IVA group but thought I'd try here too: Hi guys, I am in a bit of a pickle at the moment. Your advice would be greatly appreciated. Short story is that I have debts totalling around £18k. Comprising of an Egg Loan which I defaulted on about 2 1/2 years ago and which they have frozen the interest…
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Apex Credit Management
Hi, I received a letter from Apex Credit Management today saying that I have a £710.26 debt on a Barclaycard credit card that I never used. We moved house in 2007 and informed all credit card companies of the move. I suspect (but don't know for sure) that Barclaycard sent a new card and most likely the pin number too, to…
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Almost Debt free - Stash or Pay Off Debts?
Hi, I think I already know the answer but I just want someone to reassure me that I'm doing the right thing! My house sale completed today and I'm now living in rented accomodation and mortgage free! Of the c.£40k equity, I owe around £19k to 4 credit cards. I'm in no rush to buy another property, so plan to clear all my…
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Why wont they reduce my overdraft???
Hi I currently bank with Alliance & Leicester (or the dreaded Santander as it is now!) I have just rang to ask if I can reduce my overdraft and they said no??? I could clear it completely but I cant reduce it "because of the way I run my account" I am at a loss, my overdraft is £800 and while I use it every month I figured…
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Payday Loan Companies
Hi All, Well I was a bit stupid and took out a couple of these things, and they are due for repayment next Thursday (end of the month), only there isn't going to be any money to pay them....well unless they get there first of course :( I have read some other threads on here, and have opened a new bank account, as I've…
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And this time I don't owe anyone anything!!!
This is a bit of a long story, so bear with me! As you can see from the title of my post, I'm in the right this time, and I don't owe anyone ANYTHING!!!! On 4th February 2006 I paid £100 deposit on a Y plate Citroen Saxo from Carcraft. It took a couple of days to get all the finance in place, but on 6th February 2006 I…
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Buchananclark and Wells......A question
I have to say I am so fed up with these goons I could explode! They are so rude and will not listen, aside from the fact the debt is over 15 years old, and by the way paid off! they still harrass me... So it got me thinking, I have had umpteen letters from these guys theatening all sorts of court/legal action. I now just…
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Lowell portfolio
Hi Everyone, I am new and would like your advice. I received a letter the other day from lowell chasing a debt from look again from 6 years ago today, so I am going to send a statute barred letter. What i am questioning is i have just logged on to my experian credit report and it shows the default as 24/09/2004 so it is…
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CAB Have dumped me right in it
Hiya, After leaving my ex, I struggled financially. After burying my head in the sand for a while I realised that enough was enough and I needed help. I went to the CAB who lifted a weight off my shoulders. Once the paperwork as signed and handed over they advised they had contacted ALL my creditors. I continued to recieve…
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On a DMP now received a court claim form
Hi all I have been on a DMP for the last 2 years. My total debts are in the region of £20k and I had been paying £100 a month but over the last year I had to reduce this to £20 as I've been on matenity leave. I am now going back to work so will be looking at increasing my payments again however it's unlikely I'll be able…
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Provident Debt Collection letter
I have this morning recieved a letter from provident saying that they have been appointed by sdfs to collect a debt for £422 from shop direct. This debt must be at least five years old and at the time i sent a letter requesting proof as i didnt owe this money and the letters and harrassment stopped. ive heard nothing about…
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Advice on BCW full and final offer.
My partner has recieved a letter today from BCW offering a full and final settlement on a debt of £271, they will accept £147. The letter says that it is without prejudice and this will be a full and final settlement. It asks that he contact their office within 5 days from the letter. He is willing to settle with this…
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Bank taking money from account - Same group?
Does a bank from the same group have the right to take money from your account? Say if you owed Halifax X amount for a credit card and had an account within the Lloyds group elsewhere would they be able to take payment without telling you in advance? Thanks
