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Questions DMP & Advise Please
Hi All, On a DMP with GP at the moment (6 months in). Pay £90 per month. I owe a large amount of money and this is all i can afford. In 3-4 months my mortgage rate decreases by 4% and my girlfriend is looking at moving in. I should have about £600-£700 per month spare. I have 5/6 debtors each owing a range from £1k - £17k.…
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Does anyone else do this
I have a close friend at work who is getting slightly obsessed with credit reports and agreements, All she speaks about all day is paying off debt and upping credit limits. She has applied for everything really, (like myself has 4 credit cards and some catalogue accounts) the only card she doesn't have is a Barclaycard but…
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Debts from when I was 15 years old. FOS can't help due to dates.
Okay, so as above, I had a credit agreement and debt with Next Directory. I was 15 at the time and at school, no job or anything, couldn't pay very well, so missed a lot of payments or paid few days late = lots of late payment markers. I say that I told them my age and DOB, they say not, but they also say they credit…
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Debt Management Plan
Hi everyone :) Just looking for some advice really. My brother has been really really stupid, and got himself into a lot of trouble with debt, that is spiralling out of control at the moment. I have heard about debt management plans, and think this may be the best way forward for him, so I was just wondering if anyone…
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£3,300 DEBT - help required
Hi Although this is my first post here on the forums, I am keen to seek advice at this time, despite having read many a post here before. I am currently worrying about debts that I have, Credit Card 1: 1104 Credit Card 2: 1136 Overdraft: 1050 TOTAL: £3290 I currently early £1450 pcm but had been extending my overdraft and…
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Is Debt Management the best way?
Hi, advice needed please, A friend and her OH have found themselves in debt to the tune of £27,000, most made up of unsecured loans and credit cards. They are now at breaking point and approached a company about the possibility of an IVA. They were advised that they had too much equity in their property and were pushed…
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Unenforcable?
Hi all! Hope you are well :) I'm looking for a bit of advice. I have a 24Studio account and as soon as I get this account paid off (outstanding balance of £300) I'm closing it as I've had nothing but problems with orders and bad quality items. I was reading up on enforceability of online catalogues (I opened my account in…
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Trigger Figures
Help - my daughter has to have her case reviewed by CCCS and I am desperate to find the Trigger Figures for 2012. We know the usual costs i.e. mortgage, water, elec and gas. I want to know what the norm is for household expenses, clothing, pocket money. I have been going round in circles on the internet as it seems the…
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Soa
I notice many people here are using SOA to look at their home budgeting (very sensible). Does anyone know, is this version of the SOA based on the CFS (Common Financial Statement) and does it include up to date trigger figures? Just curious. Wikkid
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What happens if I miss a credit card payment?
Sorry this is very brief as I'm at work at the moment. We are in a mess. Although we have approx £200 left after we have paid all household bills and debts, this month we also have a vets bill, a car maintenance bill and emergency dental bill to pay, which will leave us with nothing for food and petrol. We are only paying…
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Tuesday 24th 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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How do you deal with lapses?
Hello all :) I'm looking for some advice on how you all deal with any lapses you might have while on your debt free journey. The reason I ask is because this month I have been a bit naughty and spent on my CC (although the card has been cut up, I still have the number/expiry date written down...long story). I'm really…
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Defaults keep renewing dates.
So I got my credit report from the free trial on experian. I see one of my defaults "bank loan" has lots of renewal dates, the latest being 6 months ago. The debts with a solicitors now who I just set up a direct debit with, Can the bank keep issuing updated defaults when in fact it was 5 years since I last made a payment…
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Clearing cards etc
I'm about to ''loan'' son some cash to clear his credit card and store card (£2.2K) Not behind with payments but they are 'tweaking' his spare cash. Works f/t - net pay about £1000pcm. Part of the deal is that he hands me 2 x cards where they are quarantined for min 4 months. Over the years I have read some very…
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Pay less maintenance to get exs half of joint debt?
My partners ex used the overdraft facility on an old joint account to withdraw 3.5k. My partner has only just discovered this and obviously knows he is jointly liable for it but is not happy about paying it all. His ex refuses to pay and has threatened to stop him seeing his child if he continues to press her for payment.…
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Cant see the end of the tunnel
I have a bank loan and have been paying it for nearly 9 years and I want to get this paid off as quick as I can. I currently have payment protection insurance with the loan and was thinking of writing to them and asking them if I cancel it how many months would that free up, as im not due to finish the loan till August…
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massive unsecured loan debt following repossession
Hi, I need some advice urgently please. I took a secured loan out in 2006 for 25k with Nemo personal finance. Following my husband being out of work we fell behind with that and the mortgage he got a job with a tied house in December 2008 and we moved out. i rented the house to a friend for 6 months but we still couldn't…
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bank account default legislation
Thanks for having a look at my thread. I changed my bank in Dec 2005, after having issues with the HBOS group. I had an overdraft on an account which i totally forgot about and the bank have defaulted on a balance of £485. I was wondering if anyone on here would know about the timescales between non payment of a bank…
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Letter from Buchanan Clark and Wells
Hi, I received a letter in the post today addressed to my married name (I'm now divorced) entitled Verification Letter. It says : Dear Mrs , We are trying to contact Mrs ....... ........ with regards to a private matter. We have confirmed your address through a credit link obtained via a credit reference agency as being…
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Loan vs Snowball
We have about £30k of unsecured debt - mostly CC, and a bank loan due to finish in 7 mths. We pay approx £1200 in debt repayment every month (min payments only). Our original plan was to snowball the CCs once the loan had finished (with the money that the loan was taking up), and close the CCs as they get paid off (we no…
