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new comer just opened months worth of mail
Please help i have taken the first step tonight and opened approx 30 letters demanding money. We have been living a lifestyle we cannot afford for a long time and not paying bills or anything that we didnt need immediately or have an immediate affect for a very long time. I have just added up and worked out we have around…
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Don't know where to start
Hi everyone, I'm sick and tired of being in debt and i want to sort my finances out. I have just started a new job and want to start clearing my debts but don't know where to start. I have a current account with Halifax that is £840 overdrawn (my wages are being paid into my girl friends account) I also have a ccj which I…
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Cannot see default in credit file
I lived in 4 different houses since 2003. Experian report shows up all my linked address. I have defaulted Natwest credit card in 2006 and since then I've moved 3 different places. Credit Report does not show up my Natwest default. I think experian did credit search only on 2 previous addresses and present address. I would…
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DMP I cant afford payments while on maternity leave
Hi, just after some advice. I have a DMP with the CCCs set up for over a year (owe £30k) and did quite well with payments etc, I am expecting a baby this week and had to drop my payments the last 3 months to £50 (only £5 per creditor) due to having to buy baby things. I have started receiving some really nasty letters now…
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Snowballing
Can someone please direct me to the link and explain why it's called that? Thanks
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This is it!!!
Where to begin? We are a family of 6, my husband works very hard, sorry we both work very hard! We both have our own businesses, which over the last few years have been very testing. Infact, for several months my husband had no work at all. During this time we had to use our credit cards to pay some business suppliers etc,…
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Business debtor
Hi there, I am just wondering if anybody out there may have some advice for me please. We run our own small business and worked for a client for 3 months last year for a particular project. We billed them weekly with 30 days to pay. We had worked for the same company 3 times previously with no problems. Part of the way…
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Default hell
Hi I currently have 3 defaults against me, one by o2 because i refused to continue with my contract becaused the phone was faulty and they wouldnt fix it and i never heard anything, checked my credit report, i owed £498 for ending contract. I paid it but its sooo ruined by credit file. The other is a catalogue for £50, i…
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Banks and Creditors - Rules
Hi everyone I created a new bank account with my current bank in order to start trying to pay off creditors. However I am just wondering if the bank will give out this new account to my creditors (mainly payday loans)? Obviously dont want this to happen and want to try setting up standing orders to my creditors. Any advice…
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Going overdrawn once and have got a £638 bill!
Hi all Just wonder if someone can help. After finally getting on top of my debts, I have started a DMP with Payplan and I am 2 months into it. At the time, Payplan advised me to open a new account as I have a loan with Natwest and RBS were my main bank. I did that earlier this year and have had hassle free banking with…
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F & F Settlements - then getting a mortgage
Hi all, Im in the process of sorting F & F settlements with my creditors by hubby getting a loan, we will pay this off in 2 years whilst savings for a deposit for a house via my 2nd job. The lady i spoke to at Tritent who act for Natwest said that if a default is lodged to get the full amount and then accept a settlement,…
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Balance transfer
Would there be away for me to transfer my £2500 overdraft with barclays and if so what is the best way to do this.....Thanks
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What motivates you long term and short term to keep on paying off the debt?
Long term for me, it's just generally getting some decent savings together and the financial security that comes along with that - and knowing I'm going to make sure my kids have a secure future, money for uni, learning to drive, first car, weddings etc.. as well as preparing my children and educating them to plan and…
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First Step
Hi All, I've recently had a reducing in my wages due to no longer claiming expenses. I knew I had debt but not to this extent. I took the first step today by e-mailing some creditors and asking to do a reduced payment for 6 months by then I should be back on my feet. Does anyone have any advice on what I should do next?…
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Please help, my mum is in need of it
Im taking this opportunity to seek and find help for my mum as ive had it with the amount of interest she's paying on various cards/catalogues. She currently has the following debt's Vanquis credit card £2500 Littlewoods £2000 Barclay Card £500 It's past the point where its affecting her lifestyle and she has 2 kids.. It's…
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Just wanted to share!!
Hi guys! just wanted to share my joy! I got a nice commission from work this month so i thought instead of spending it, i would pay off my penultimate credit card - it was 566 quid and gonna leave me skint for the month - but whats one month compared to the rest of my life debt free!? Then expecting a bit from a PPI claim…
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paying off a DMP - the best choice?
hi there I am currently in a DMP with debts of 50k. Due to my marriage break up (bcus of my debts) i moved out of the house i co-own with my husband and it is now in the process of being sold. I calculate i will receive approx 40-40k from the sale. when i signed up for the DMP, i also owed my father approx 20k which i…
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A question about Payplan?
Hello I do hope someone can help me as I'm a little confused. Payplan are setting up a DMP for me, I have debts of around £15,000. I was referred to them by the National Debtline and I was under the impression this was a free service. I've just had a call from Payplan which I didn't entirely understand so I've asked them…
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Help please
Reposted here: Hi everyone, I am at the moment, chipping away at our debt, and I have a lapsed endowment policy, that I stopped paying in 2008 as things were financially in a terrible state, due to oh business drying up due to recession. Anyway, it is a royal London endowment, I have just received the surrender value of…
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Whats best plan of action? - SOA
Hi All, Been here loads before, but now once again find I need some advice from a different angle / perspective. Re-done SOA as a couple - my OH has recently confessed to most of his debts - i didn't realise OH's situation. I'll comment where i can - to help as much as poss. But really looking for some advice on how to…
