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Loan Problem
I have been on a debt management plan for over 2 years now. In August I got a default letter from the Co-op contacted them and they said it was standard and to ignore it. I got another letter on the 20th august saying I was in breach of the loan conditions and to pay the whole loan. I checked the account online and noticed…
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default bank account
Hi all, looking at my credit file i have a bank account with HSBC that went into default due to the £1400 overdraught, it has now been passed to their Metropolitan collections ( 12 Aug 2012 ) which i have agreed a monthly repayment of £40, i'm wondering why i have the original debt showing on my file but nothing showing…
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Assignation of debt letter
Hi, Just a quick question (hopefully). Can a debt collection agency collect a debt without a letter from the original creditor assigning the debt to them? Thanks
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Buchanan Clark and Wells first letter
Like many of you on here, today we have received a letter from BC&W stating they are trying to contact someone with regards to a private matter and if we believe it is us to contact them, which we did to ask them who they were as it does not actually give any details on the letter as to what company they are or a reason…
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How long does my debt last?
Hi today I received a letter from a company that purchased a debt from Loylds bank say I owe them £10k. It's been over 7 years since I had any lloyds cards or bank account. Am I correct in saying that this debt is not legally enforced! Regards Paul
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Opos Limited - help
Hi, Last month after calls inundated and quite frankly rude calls to my work and mobile I arranged a repayment plan with Opos for an outstanding debt of £218. In my proposal I stated that on the 30th of each month Iwould log onto my account and pay £40. On the 30th I logged on andpaid £30 then on the on the 6th September I…
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Advice/help on what to do with debts
Hi everyone, Basically looking for some advice/help on how to either manage or pay my debts off I'm 22 yrs old I currently earn 1100 after tax each month, however after paying debts and general outcomes I'm basically left with nothing. I have 2 credit cards and a serious overdraft, basically maxed out all. Each month I pay…
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Not sure whether to go DMP route
Hi, I have been thinking about going into a DMP for about the past year and a half now but each time I go to do it I change my mind and continue plodding along. Im not really sure if my situation is that bad yet (maybe just trying to convince myself its not). I havent missed any payments and earn a decent salary but my…
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Dealing with cash only..
Do you take the money out of the bank for the week ?? I get paid monthly and use my debit card for everything, but I think I could reduce my budget by dealing in cash only, as it would make me think about what's going in my trolley etc when shopping.. I just don't know weather to take £100 a week out or £400 a month and…
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Saturday & Sunday 15th/16th September 2012 - what small things thread
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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Saturday 15th September - What Debt Free Wannabee 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 amount of progress, when…
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Should this be in my SOA?
Hi All, When I completed my original SOA I didn't include some CC debt that I have in my name that is actually paid by others. A family member and a friend owe around £3000 on my CC's - I helped them out when they were stuck ( I know that I am not really in a position to do this but.......) . I won't go into details but…
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Maestro Cards
Hi all, I was wondering if anyone else was having the same problems as me, or if I'm making a big deal of nothing. I have a basic bank account and am currently in a dmp so I neither want or need a credit card. As part of my basic bank account I have a debit card, which is Maestro. Recently, when I've been making purchases…
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Gym contract cancellation help!
Hi everyone, I'm about 6 months into a 12 month gym contract and I'm really not able to afford it any more. When I took the contract out I was living at home, but when that became unbearable (won't go into details) I had to move out into a flat share, so my living costs have gone up. I was going to write to the company to…
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Feeling a little rubbish!
I have another thread about how I'm aiming to get my credit card debt way before the 0% ends and am going to reduce my entertainment budget in order to do so which means it should be clear by feb '13. I'm getting a little nervous though because I'm so used to having tha extra to spend...i really want to do it but scared of…
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Using experian
My husband and i want to check our credit score. I need to put my card details in to do the 30 day free trial with Experian, and it says this is to proove identity... My husband doesnt have a card.... we do everything through my bank etc.... So how can he sign up for it? Also, is the report you get for free better or…
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Road to recovery
I am about to sign an agreement with CCCS to enter a debt management plan. Having built up debts of £24,000 in just over a year and having been turned down for a further advance on my mortgage and a personal loan a debt management plan is my only option. I am ashamed that I've managed to build these debts up in such a…
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Debt Collection
Not sure if this is the correct section. I have had 2 phone calls from a company called Westcot, asking to speak to my son. They were very cagey about who they were, and when I Googled them I was horrified to learn they were a debt collection agency. My wife and I have never been in debt and the fact that a debt collection…
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Statute barred question
Hi all, I have read that a statute barred (after 6 years) is only if 1) the lender hasnt persued you for long enough at the last address you gave them 2) that you havent acknowledged the debt Can anyone confirm if - 1) the lender is the bank/company that you ORIGANALLY had the loan or whatever, or if its also including…
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credit card debt being sold on
About 4 years ago I contacted my credit card company to explain that I could no longer afford the monthly payments and started paying what i could afford. this was ok for a year or so. But then the ccc took me to court to have the debt put on our house. Also the court set a fixed amount that I had to pay each month. All…
