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Problem with Snowball calculator
I'm trying to work out my repayments. I am moving some debt around, and will have £3800 on MBNA at 0% for 12 months, and £1500 on a 6.9% LOB deal. I'm using the calculator and it's telling me to snowball the MBNA debt. This doesn't make sense to me as it's 0% interest...why would I focus on overpaying that one, rather than…
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Debt collection service pulling a fast one?
My wife had a debt of £1500 with a store card. She paid it all off within the set time frame. The matter was closed. We stupidly did not request a closing balance statement. One year later they have written to us saying that we owe them £500 in missed payments. We are adament that we would have remembered any extra…
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Sky high interest charges...
A friend is trying to pay off a credit agreement with a popular catalogue company. The total of her order was £600. She paid off £300 which left £300 to be paid. Unknown to me she suffered ill health and was hospitalized for several months. She came back to a pile of letters, some offering a reduced payment, some offering…
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Not quite statute barred and being chased
My partner got himself in a bit of a mess in the past with various store and credit card debts etc. He continued using these cards and making repayments until approximately Aug 2005 when he moved away and ignored these debts (approx £15k) He had a debt letter last year from Mckenzie Hall I believe but he moved on again and…
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Consolidate? To do or not to do that is the question?
My daughter has various debts to pay off which she is trying to do. She foolishly took out a loan for her and her boyfriend to get a flat and she got a mobile in her name for him because he couldn't get one. They have now split up and, as well as those debts she has some others. She recently found out that he did not pay…
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Wednesday 6th April - What small DFW things will you be doing 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 amou nt of progress, when…
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income and expenditure form
Hi is it a good idea for me to send an income and expenditure form into the mortgage company. Only asking as Iv made an offer of repayment on my mortgage debt which is included on the form.
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Help needed please
I took a loan out with Abbey now Santander but was made redundant two years ago. My PPI insurance paid out for a full year no problem. i offered reduced payments but they wounldn't take less then £40 a month i stupidly agreed was on £50 a week jsa at the time. I stopped paying this after a couple of months because i was…
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Making a start.
My first post... I don't have any questions (yet). I just need to get this off my chest! My wife and I have been struggling with debt for the past 7 years. We lost a lot of money a few years ago (bought our first house when prices were at a peak; had to move 18 months later; couldn't get a tenant; had to sell the house at…
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Credit card debts might be sold to Debt Collection Agency
Hi, My elderly parents are in a real financial mess. They spoke to their first credit card company yesterday and managed to get their monthly payments down from £80 to £30 for 6 mths. After this time scale if they still can't pay the full monthly amount they have been told that the debt will be sold to a debt collection…
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Advice on Clearing approx £40,000 debt
Hi All I've gotten myself into a bit of a mess I've got £22,000 owed on four credit cards and a loan with £14,000 left to pay I'm getting worried about the Credit card increases due in May and want to get sorted out with one payment in total. I'm currently paying about £700 to service all these debts and i'ts crippling me.…
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Help With Buisness Debt
Hi Help please. My OH is a self employed contractor, 2 years ago a company he was working for went under owing him over 100k, this in turn left him in debt to his suppliers. The highest creditor he has made lump sum payments too and as he is luckily still working he has still been getting and paying for supplies from them…
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Need some help please
Hi all.. I am not sure whether anyone remember's me from last year regarding a debt which we knew nothing about regards HSBC BANK.. Was advised to send cca to Carbot which we did but they then informed us it was a chargin order so for use to pursue this we needed a SAR which we applied for but got nothing uptill now and to…
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credit card problems
Hi all This is my first post please be kind. I have 8 ccs a loan and a overdraft total £27000. i am selfemployed and my partner works parttime around our kids school and nursery. we have been making all our repayments on time and have never made a late payment. its been hard and some months iam not sure how we have managed…
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Old Baclaycard Default
Barclaycard served a default notice on me 4-5 years ago for a debt I stopped paying. Today I've had a letter from them saying they have served me with another default notice. I've not paid anything since the last default notice. Can they do this?
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Free printed mental health & debt guides for relevant non-profits
Update 1 November 2011. All the free printed copies have now gone. If you ordered some, they will be with you shortly. [title=http://images2.moneysavingexpert.com/images/dp/wtd_underline.gif] What’s this all about?[/title] This year we launched our free 44-page MSE Mental Health & Debt Help PDF booklet with help from Mind,…
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Reason for Set Aside a CCJ
Hi I wrote a reason why i believe my CCJ should be set aside. Could somebody look at it for me, I would very grateful. Does this look okay?? I am applying for the decision for being set aside. The reason is the when I studied for my degree, I applied for the tuition fees to be paid by the LEA (local education authority).…
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SOA - Please have a look.
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 1 Number of cars owned.................... 2 Monthly Income Details Monthly income after tax................ 1369 Partners monthly income after tax....... 0…
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What next?
After sending the template letters to my creditors, (many many thanks to everyone who posted on that thread....what a godsend to have found them!) I have had the first letter confirming that one of my creditors / DCA, Lowell Portfolio cannot obtain the CCA and are therefore closing my account. My question is: Will they now…
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Full & Final - Nearly there!!
Hi all I hope someone can help please? I have been backwards and forwards with my creditors agreeing on Full & Final settlements and some of them have finally agreed and I have this in writing with confirmation that they wont pursue me in future etc etc I was just wondering the best way to pay this? Most of the agreements…
