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Snowballing ?
Hi All, It seems I have had a light bulb moment ! Dh and I are currently in a fair amount of cc debt, we are managing to pay over the minimum payments ( with some left over each month ). Now I have finally seen sense with how much this is costing us in interest alone, I have done a soa and figured we could knuckle down and…
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What does this do to your credit rating?
Two questions - If you have a 0% interest CC, and pay more than the minimum amount each month, and don't get behind on your payments or anything, does that affect your credit rating negatively? If you have an overdraft that very recently changed from being an interest free graduate overdraft, to one that has interest, and…
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How to make budgets
trying to do a spreadsheet to make up a monthly budget. What do I do with yearly amounts which I pay on one go. How best to put into a spreadsheet. Should I divide by 12 and add? But then that would suggest I have find an amount each month when I have paid this at end of last year Its coming up in one lump sum end of this…
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Hello
I'm new. I really want to get back on track financially. Living on an income that's £12000 less than it was with the same, if not higher, outgoings. I'm married with 4 children and the eldest is at uni. So far I have written to Tax office to claim uniform cleaning rebate, I work for the NHS. Tax office to claim overpayment…
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advice please! re working v bankruptcy!
Any advice/opinions on the following would be great Basically me and my other half have been on a DMP since Aug 10 various changes in circumstances got us to that point, but unfortunately I was made redundant in Nov 11, and have found it difficult to find a job that fitted around the childcare that is available to us…
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Very Catalogue Arrears
Hi all im new to this board, howeevr have been reading for a while now. I have a relatively small debt (£925 in total) with Very catalogue, the account is in arrears to the sum of approximately £225. The account minimum payment has gone up and up and i havent been able to make a full payment. I have been making token…
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Small but unwanted debt
Hi guys, After graduating I've now got the difficult task to pay off my student overdraft that was £2000 and credit cards that were £1000 I decided to merge it all, extend the OD and now only have a £3000 overdraft to be paying. It wasn't ideal but for me meant I could SEE the debt rather than it being spread around. I'm a…
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Student fees agreed settlement.
My girlfriend left university a number of years ago and after leaving one home and another never got a court summons for fees owed after she left midway through a course due to a family death. She accepted that she had to pay but what was originally around 1000 became £2200 by the time it had been passed to a company…
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Moorgate Loan Servicing Policy
Hi All, I have been on a DMP for 5 years now nearing the end of the default time too, having talked the situation over with my family they have offered me a small amount of money to try and settle the debts partially. I wrote to Moorgate recently offering £1000 for a debt of £3250 as a starting point but then i have many…
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SpeedCredit.co.uk madness!
Hello all, First time poster here how are we all today? :beer: On the 13th September I applied for a loan with SpeedCredit.co.uk, which went through fine and I signed the agreement but after a few days of not receiving my money I contacted them to find out why. Their response was that they had already transferred the money…
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Will I be found?
Hi all.I hope you can help me please. I was a rebellious teenager and got into debt and basically 12 years ago did a runner from it all. I ignored the letters, and 'returned them to sender', said 'me' didn't live there anymore to anyone that called, my mum even told them that we argued she didn't know where I was, I was…
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Universal credit report?
Can anyone tell me if I am able to find out, by using credit reports, names of any financial institutes I have been associated with..... I.E not just for loans/cc/mobile phones BUT any savings accounts I may have which could now be dormant. Did have a spate of closing and rearranging accounts a few years ago, so have now…
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Struggling with guarantor loan
Hi all, I took out a £500 guarantor loan last December with FLM Quick. I know it had high APR but after paying £60-70 per month to them for 9 months and still having a current balance outstanding of £380 I knew something wasn't quite right so I logged into my online account to do some fishing and found that I had TWO…
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I'm still a problem!
Hey all, I can't believe it's 3 years since I posted on here, even then not very much, but reading the posts on DFW really got me going and I feel like I have rehad my light bulb moment! Really looking forward to being debt free but I am still a problem and need help (hoping this is the right place). I can't stop spending…
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Bit of an awkward situation
Hi guys When checking my Credit Expert rating, it told me I had a default payment every month. So I found out it was a payment that I arranged with a company that I had a loan with. We were going through a sticky patch, and couldnt afford the payments. So we managed to get the payments down to £50/month interest free. So I…
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Letter From Debt Collection Agency, Please Help
Good morning all. My husband and I have been on a DMP with the CCCS for the past five years. We only have three more payments to make and then we will be DEBT FREE!!! Just one creditor left to pay off, and it feels great! However; this morning we have received a letter in the post from 'Past Due Credit Solutions'. The…
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Wednesday 26th September - 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 amount of progress, when…
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Ugh. Just got credit report for a new job, shows default = no job?
I have a default on my account from ~18mths ago with orange for £380 - someone stole my phone and used it and I was/am stuck with the bill. IIRC I sent orange a letter offering to pay what I could at the time, I think it was £200 to settle the account, but they refused and wanted the whole amount, which I just couldn't and…
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Full and final settlement
I split with an x a few years ago now and am happily maried and have been for the past year unfortunately when i split with my ex i was left with a house to sell which i sold with negative equity. In a nutshell I owe nearly £22000.00 of which i pay £20 a month, my first concern is that I have been told that they may accept…
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Newbie drowning in debt circa £330K
Not sure if I'm posting in the right place and worried that I'll never find my way beck here again as this site is so big. Our debt is around £330K. I stopped counting at £326K and there's at least another few cards which I don't have the courage to count. I somehow found the site "what's the cost" and have been tracking…
