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Debt ratio?
Hi all I've been reading through the boards this evening and a couple of times came across people talking about debt ratios. I want to make sure I am understanding this term correctly: Debt ratio = % of credit available/% of credit being used. So, for example, if my only credit was a CC with £1,000 limit and my balance was…
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Deceaseds insolvent estate help dealing with the creditors
Hi all Hopefully one or two of you guys can help with this. Recently a family member has died leaving behind quite large debts. His estate consists of his bank account contents (which wont cover the cost of his funeral) no house, assets etc. There is council rent, gas (no electric paid on key card) council tax, a loan and…
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debt help pls
Hi, I have entered into an agreement with my credit card companies to pay a set amount each month, which I believe I can pay. 3 of the debts are around £10k each. A family member has offered to help me out and pay a large amount of money, but it wont be the full amounts. Would the CC companies accept a lower lump sum offer…
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Creditor not recieved money
Hiya I have just closed my debt plan with Churchwood and switched with cccs because of the fees and have noticed on my credit card statment no payment was recieved in January to my creditor. Any advice what I can do
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Redundancy and Debt Advice
Like so many others, I am being made redundant on the 31st of March. We have been working towards being debt free for a few years and have been slowly getting there, but still have a hefty amount to pay off. I am getting a decent settlement, plus as I am being made redundant whilst on maternity leave, I will be receiving…
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Advice please
Hi all, I owe £4100 on my CC for which the past 3 yrs i have had an agreement with them with interest frozen, It was for £113 per mnth, or firstly £70 per mnth then an hour or so later another call from them to say if i pay an extra £43 i could reinstate the ppi, well with the mental problems i had at the time i agreed,…
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In a shed load of debt, help!
Around 18 months ago I was struggling with a hugeee gambling problem, It started out with me taking out a couple of payday loans with me fully intending to pay back, however I never stopped gambling when I got paid and it escalated massively, I currently owe money to 12 payday loan companies, greenwoods, morses, moneyshop,…
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Want to consolidate debt but cant get credit...
Hi, I am trying to consolidate all of my credit card debt. They seem to eat up my money. I went to the bank to get a loan to consolidate the debt and could easily make the monthly repayment as it would be less than all of my credit cards. I have payed more than the minimum for the past year. Two of the cards are closed and…
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ccj help pls!
Hi Guys and gals, problem with a ccj, before xmas we sent an income and expenditure form to the claimant, yesterday we received a judgement through the court for the total sum, we can't afford to pay in one go hence why we offered to pay by installments, so, we're guesseing the claimant never received the offer of payment…
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Help needed on my journey !!
Hello All I'm a long time lurker who has only just plucked up the courage to post !!! - what a wimp.:o I firstly have to say how reading the posts on this amazing site has inspired and motivated me to do what I've managed to do already but I'm beginning to feel rather overwhelmed and in need of some support. Anyway just a…
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Struggling to get out of debt!
Hi All, Hope I'm in the right place. I've been burying my head in the sand and think that it is time that I get my debt paid off seeing as it is mounting up and spiralling out of control. Income Net earnings £1200 pcm Debt Barclaycard cc £820 regular payment £75pcm Halifax cc £550 regular payment £50pcm Vanquish £550…
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CCJ Help
Sorry if the answer seems obvious but I'm not really sure :o The quick version is my I stayed with my sister for for mths (Oct 2008-Jan 2009) gave her money to pay rent/CT and she didnt. She didnt tell me about the arrears or subsequent letters. It went to court and Scott and Co seized money from my bank account for it…
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Egg CC DD bounced:(
Hi All, i have just checked my egg account online and astonished to find that my DD had been returned upaid and have now been a charged an £16 fee!! :mad: i have just got off the phone to my bank, and it seems the DD was cancelled on the 9th Jan, this was before i had even done my balance transfer,but i never cancelled it!…
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how do you cope without credit in emergency?
We are just going down the DMP road (self administered) How do you plan for an emergency, car break down etc ?? Do you make token payments for 2 months to build up a emergency fund ?? Normally this is not something i give thought to as i would just put it on the CC's but now i wont have any, its something i need to plan…
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I'm caught in a vicious circle of poor credit ratings
Hi there, I've got a problem regarding debts which I built up in the past and never paid off. Over the past 18 months, I've gradually received letters from collection agency's with regards to my debt. I've double checked that the debts were indeed mine, then entered into repayment plans. I've only 4 more payments on the…
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very quick question
got my cccs pack emailed to me this morning. halifax santander and barclaycard are 3 of my 6 creditors so any suggestions of a bank i can use to open a new account ?? Thanks michael
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K & Co - Trying to pay them off.
I've had an account with GUS, now K & Co for years. Last month I entered a DMP with Payplan and owe just shy of £20k. Payplan suggested that as I have two relatively small debts with Kays and also Next (both about £82) that I keep them out of it and try to pay them off as I made token payments to my other creditors last…
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cash machine help
hi can any1 shed some light on this for me,i have a cashbuilder account and on the statement it says i got money out of a cash machine on the 24 and 29 of december, it shows up exactly like this. 24 dec cash machine wd1 natwest 50.00 29 dec cash machine wd1 natwest 40.00 does the wd1 just mean withdrawl or is it a post…
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How will you celebrate your debt free day?
I've been losing motivation recently but i've been thinking today of how it will feel knowing that i no longer owe a penny to anyone. I keep a book of my debts vs income and flicking through it today i'm reading over notes i made in 2007. It really hit home how long i've been at it. On my DFD i've decided going to burn my…
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hi newbie just asking for some general advice
hi all after spending few years robbing peter to pay paul etc i decided i had to get sorted. looked at consolidation loan but credit rating poor and decided this would just increase my debt. so have applied to cccs for a DMP its not what i really wanted to do but it is my best option to sort my life out. I have cut all my…
