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Pay Day Loan Loop
Hi All Like many others on here, I have stupidly managed to get myself stuck in a pay day loan loop over the past 12 months. It is becoming extrememly stressful and I am constantly looking at ways to get out of this loop, and would really appreciate some advice. I currently owe: £750 - Wonga £550 - PayDay Uk £350 - CF…
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House Insurance appearing on Credit Search as Loan?
I have found out that my credit file has an unsecured loan I didn't know about - after a bit of digging it seems its my house insurance which is paid in monthly instalments. There was no extra cost to pay it monthly. Is it not a bit cheeky for that to appear as a loan? Does it affect my credit rating? Would have paid out…
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MSE News: Proof you can get out of debt in the recession
"Despite the state of the country's economy, one Money Saver became debt free after having amassed £35,000 worth of debt..." Read the full story: Proof you can get out of debt in the recession
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Does reducing unused credit limits affect my credit score?
Greetings one and all, Not sure whether i have posted this in the right area but here goes anyway. I am currently £12,000 in debt which i am slowly chipping away at, at about £300 a month. My main question is about unused credit limits with catalogues and credit card companies, would it affect my credit rating in a…
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is it true that some debts are written off after a certain length of time?
i owe money on a credit card i took out in 2002 and could not afford the payments anymore in 2006, so just stopped paying it completely in about december 2006 (silly of me i know). i ignored debt letters and in 2010 i moved to a new property. i didn't hear anything until recently i received a letter from them at my new…
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Wording of full and final acceptance letter
Hi, I've negotiated with a creditor for f+f using the templates on national debt line, we have reached an agreed amount but I just want to check the wording on their letter is ok before I pay. It says: I write to confirm that we can agree to close account XXXX if you pay the settlement figure of XXXX. Is this wording ok,…
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Joint names on council tax
Just wondering how having joint names on a council tax bill can effect credit ratings? Basically, my credit is shockingly bad but partners is pretty good. We've kept all our bills separate and intend to do so until I've rebuilt my credit rating. However, just got an amended council tax bill through (we've recently moved)…
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Help with debt problems but not debt crisis (i think!)
Hi, I am currently struggling slightly (like most). I have been a credit card tart for a few years but this year it seems getting a new 0% card is difficult and up to now i have not been successful. My 'spending credit card' with Lloyds is reaching its credit limit and I am not sure what to do. I CAN afford all minumum…
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Need Advice (UK Debt, living in Austria)
Dear All, I would like you advice on how to deal with Halifax Bank (Credit Card). I got my Halifax Credit Card as a PhD student and unfortunately used to cover my living expenses when I was writing up my thesis etc and when I was unemployed (1 year). The credit card limit was 3,000 pounds back in 2008. I am working and…
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Stressed out
Hi I wonder if anyone could advise pls. My mortgage is up for renewal and has been declined by a couple of potential new lenders. Checked my credit file and i have 2 defaults - caused by disputes which i have now "settled". as it will take a few months to update the credit file and the old fixed term mortgage ends soon im…
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Seriously Irresponsible Spender :( ..Desperately need advice....
Hi All, I am 25 and have never been responsible with money......I would love to be able to budget and have control over my finances but I just can't seem to learn........every month I draw up a spreadsheet with my income and expenditure with every intention of following it but never manage to follow it!!! I'm so frustrated…
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CCJ and N245 form advice?
Hello, I have been reading this forum for awhile finally registered as i have a problem i would like a bit of advice on, it is my last major debt I need to arrange before it feels i can start living life again and not let stress consume me Last year my ltd company failed, with debts, bank credit cards and personal debts…
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capquest help. please?!
hiya, so i had a message from capquest this morning. im unable to talk to people on the phone so they left a message and reference number with my mother who took the message. they claim to have sent me 9 letters but ive not received anything? i did move house 4 or 5 years ago so maybe they are sending them to the wrong…
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Reducing credit limits as balances decrease
Hi all! Quick question. I have multiple credit cards (4) with balances on each. I got into serious Road Traffic Accident in '08 and this resulted in alot of late pays etc while I was in hospital. Credit score got in a right mess at that time. All has been fine this past few years though after budgeting and keeping up…
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Rossendales Bailiff/Collections Help
Hi I hope someone can help me. I built up an old council tax debt a year or two ago which currently stands at approximately £602 and is with Rossendales. They previously sent out a bailiff who I was happy to make payments too, just not willing to let them into my property in order to levy my goods. It ultimately led to the…
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Wednesday 25th July - What Small DFW Things Will You Do 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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loans
not sure were to post this but here goes i have spent the last few years living it up and built up some bebt i have two credit cards, a overdraft and a loan totaling £17000 i make about 18000 at work because i have used my creditcards for cash advances my credit rating has gone down to 825 what is the best way to reduse…
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Help I am in debt crisis
I have ran up huge gambling debts, I got paid yesterday and have lost all my money so have no money at all to pay any bills. My parents lent me £800 today and I have blown that as well. I don't know what to do I almost ended it all earlier I have hit absolutely rock bottom. All advise welcome I don't think I can take this…
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Advice Re: CRA Please.
Hi all, I have started using Credit Expert by Experian, to find that I have 3 defaults against me from a company named Lowell Portfolio Ltd. These defaults are said to have taken place around December 2006 (for two), and February 2007 for the other. All labelled "Communications". I was wondering if it was worth me writing…
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Overdraft question..
Hi guys, not sure if I am posting in the correct bit of the forum, but here goes. And Im sorry if this seems like a stupid question, but just wanted to clarify. For example if I have zero balance in my debit bank account but have an overdraft of £200 - can I still buy things online? or does the overdraft only apply to cash…
