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How can I pay back overdraft with the least interest?
Hello, I currently have an account with RBS which has a £2000 overdraft. I graduated just over 3 years ago, so until now I haven't paid much interest on this. I'm now being charged upwards of £15 a month. I've worked out a debt plan to clear the overdraft, but I'm trying to find a way to pay less interest. I already have a…
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I have taken control at last
This is a bit of a yarn (yawn) so feel free to move on, but I need to get it all off my chest! I have 5 credit cards, and owe a total of £41785 on them. I have been on these boards for about 6 weeks doing a bit of research, and I have learnt so much, and it has taken me this long to get myself going as I felt so ashamed of…
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Just received this .. no idea what to do .. confused.
Hi all, just after a touch of advice please ... I have just receved a letter from S C Gray Solicitors Limited and it says Dear Sir/Madam Re: Vie at Home -V- Ms ****** ******* As you are aware a CCJ was entered against you recently ordering you to discharge the sum of £404.01 immediately. Unless you do so within the next 7…
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Settlement offer from Nationwide
Nationwide is one of my creditors on my DMP with the CCCS. After much battling, my account (for a credit card) was eventually passed to KPR, which is Nationwide's in-house debt collection department, and the DMP finally accepted with interest stopped. The first agreed 12-month period ends shortly. CCCS has contacted…
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my other half has debts and i would like us
to have a joint account to pay house bills. he has started paying them back. would it be ok to open a joint account (we are not married) or are there any risks? thanks in advance for any advice. regards
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Newbie SOA
Hi everyone, I've been lurking around for a while trying to get my head round everything. Basically when I was a lot younger I got into a bit of a pickle with store cards, credit cards and a student overdraft, I managed to pay off the store card but we're still working on the rest. Just feel like we're getting nowhere and…
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£4k to pay off... struggling...!
Hi everyone. In Dec 2008 I took out a loan to buy a new car... It was a 3 year loan at 9.6%... I've got no other loans and take good care of my money... But I am struggling to cope with paying every month. I've managed to get it down to £4k by paying off as much extra as I could whenever I made a bit of money but every…
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'1k cant see into the pot challenge'
Im am doing a challenge for myself and anyone that wants to join. Make 1K in one month. Impossible it seems but with my ebaying skills im going to try my best!!!! I will call the challenge '1k cant see into the pot challenge'. I have one of those jars that u cant see into and have to smash and any money saved will be…
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How do i tackle mbna ?
Hi All, Need some advise please.I have managed to sort out 3 of my debts and have cleared the arrears on them and started making regular payments. I owe £10,091.27 on my Mbna cc, which I have made a token payment of £100 and sending a cheque today for £200. I have done a soa and this amount I can pay each month. But I am…
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Rossendales Collect - am I doing the right thing?
On Saturday (11.9.10) I recieved a letter from Rossendales Collect demanding £935 for a housing benefit overpayment I recieved in 2008 and unsuccessfully appealed twice. Since then I have been paying the council £40 a month which is the minimum they would accept. About 4 months ago I re-organised my bank accounts so I had…
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Reducing Monthly Payment to DCAs and CC Companies
My sister has substantial credit card debt that she is paying off monthly - some to DCAs and some direct to the card firms. The amounts she is paying each month seem quite random (and far too high) and were not really based on her income and expenditure when they were agreed. "Can you afford £100 a month? "Is that the…
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£11k on credit cards. Not sure if theres an option
Hi Everyone I have a £33k debt with £11k on credit cards which is the issue. THe rest is a loan which is going down nicely per month The credit card payments per months come to £400 so doesn't leave me with anything extra to overpay them. There is so much on this site im not sure where to look if theres a good way to sort…
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Paying off my student loan
My student loan has just shot up to 4.4%. Is it worth trying to pay it off with a 0% credit card?
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CCCS DMP + payday loan debt
Hi all, over the past few years I have gotten my self into serious debt with several companies - this is mainly my fault (spending more than I earn etc..) These are my following debts: £2500 overdraft £1180 Credit card £1050 Crecit card £500 Credit card £500 Credit card £280 Credit card £400 Payday loan £5000 outstanding…
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Please help, full and final settlement in divorce
I am shaking typing this because I feel so sick just thinking about it. I have always been very careful with money and am in this situation because of my ex husband. When I eventually managed to leave him we had 2 joint loans, he agreed to take one I agreed to take the other. He has greater earning capacity than me as I…
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Cccs dmp
I think I have exhausted all of my other options and so ended up on the phone to CCCS yesterday who have recommended a DMP. They are sending all the paperwork out to me but I just wanted a bit of reassurance that its the right thing to do, my fiance thinks its a bit drastic and we shouldn't go down that road. Basically,…
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*Daily Chat Thread 15th Sep 2010* Day 3 of the challenge!
right you lot! By now you should have refined your list and written your dreams and goals down as if you have achieved them already. Todays task is simple..... PUT A DEADLINE ON YOUR GOALS On that note I am off to stick names in uniforms and get my baby ready for her first afternoon in school. I am tired today - yesterday…
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Wednesday 15th Sept - 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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Full / Final / %
Shortly (2 - 3 months) I am receiving a lump sum as part of my redundancy package. At face value I could pay all creditors the present balance/arrears. BUT I don't want to !! So when I start the haggling (and I have already got great advice from this site on where to start the haggling as %) is it wise to a. disclose that…
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I have debts, need some advice as to how I can resolve them
I'm going to explain things first, then put the amounts I owe after. OK, basically back in 2003 I had a good job, earning (after tax) £300 per week. Cos of this, I did a foolish thing and got talked into getting 2 credit cards. One with Barclaycard and one with Capital One. When business dropped in August of 2004, me and a…
