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Pay Day Loan companies linked to parents address
Hi, I am a newbie at all of this, but having found out yesterday that my 20 year old step-daughter has taken out pay day loans with seven different companies, and has an overdraft with Lloyds, I was shocked in to contacting you. Her total debt appears to be circa £6,000!! I would like to know whether the fact that the pay…
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New SOA
So, finally we have almost made it to the other side. At the end of June 4 of the 5 remaining debts/payment plans will be cleared leaving only £1000 left :T I have recently started working part time too which is adding a little extra every month so I thought I would do a new SOA and see if there's anything I've missed out…
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whoo hoo Pay day!!!
I have updated my signature as found this more motivating. Payday today and I have just paid off my DP(£149) card and the last chunk of Argos BNPL which finishes in June so at least I wont be paying 29.9% on that one!! Happy Payday Everyone xxx
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Here we go
Since I have become debt free in Dec 2012 I haven't looked back. Been to America bought stuff for my house and got a fancy iPad mini. Life is great not owing a penny to anyone. I am in complete control of my life and the feeling is wonderful. To all struggling with their commitments it's TOTALLY worth it. Get there and…
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How did you/will you celebrate becoming DF?
I'm in the middle - literally- of paying down my 11k Debt, having had my light bulb moment, I believe I can go from being 16 months until I am DF to December, which doesn't feel that long away. Each month between now an December I will chip off another debt, effectively paying more to the next one, until I will be a…
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Bank Overdraft - Best Methods For Paying Off?
Hi Can i get some advice on the best method to get rid of a £3000 bank Overdraft? Would it be a low APR loan, a low % Credit Card or other method? Can you count an Overdraft as being applicable for a Balance Transfer onto a 0% card? Any help would be appreciated Thanks Dan
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Debt Advice
Hi, I'm a 38 yo male living with my gf in a house we purchased together in September last year - mortgaged. I earn a reasonable salary of £26k in a sales role. I've always been quite "irresponsible" with money, but over the past 12 mths have been gambling online, and now have £4,000 on my credit card, and an overdraft on…
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I don't know the best way to get out of debt quickly
Hi, Hoping someone can help.. Basically i owe the following: £2500 debit overdraft, £1500 credit card, £4000 to family members who need the money (they've been made redundant, one has emergency housing repairs etc). I accumulated this debt because i was made redundant and had to go freelance for 3 years and struggled alot…
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33 years of debt.
Since I turned 18, hardly a month has gone by, when I wasn't in debt to someone. That's around 33 years of, virtually, non-stop debt. :eek: When I think how much I have paid in interest, over those 33 years, I'm so angry with myself. :mad:
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Is it their job to get people into debt?
Called into my bank yesterday, to draw out £20. Realised I had left my cheque book at home, so asked the cashier for a counter slip. As she handed me the £20, she said "You are eligible for a Credit card on this account". :shocked: I only just paid off a £12,000 loan with them, 2 months ago.
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Some advice please
Hi, I've decided to get my act together and sort my debts out and improve my dreadful creditscore, which I've pretty much ignored since 2010 when my life was in a bad place. Sorry for the long post but hopefully someone will be able to offer some advice. I've owe money to several creditors and that includes a DCA - Lowells…
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How much for clothing/birthday/emergency funds? New SOA
Morning all! So I posted an SOA here https://forums.moneysavingexpert.com/discussion/4609691 Lots of lovely people pointed out some flaws for which I'm really grateful! (thanks R P W, redpete, blitzboy, see_the_light and harrysdad). I am hoping to do my new SOA today which will take into account the feedback and was just…
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MSE News: MPs brand OFT 'ineffective' for not protecting vulnerable
"A group of MPs has slammed the Office of Fair Trading (OFT) for failing to take tough action against "predatory" lenders who..." Read the full story: MPs brand OFT 'ineffective' for not protecting vulnerable Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
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DMP stepchange reduced payment
Hi, Need a bit of advice as am now a bit anxious. I'm on a DMP with stepchange who have been nothing short of live savers to me, anyways, my lovely little car is poorly and needs to go to the car doctor.. but the quote is £500 ish pounds and as I dont have an emergency pot I have to find the money from somewhere witout…
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Friday 31th May - 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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nearly there ... but need more credit?
Looking for advice on best way to access credit if I can. First time active on forum although have found good advice which has been helpful over the years. I've repaid substantial debt over past 6 years £39000 with £1700 remaining (paying minimum of £150 towards this monthly plus whatever I have surplus each month). Apart…
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For a little inspiration.....
I'm sorting the company accounts/debt out, and feel that, probably like some on this board, the power to do it is firmly with us all!
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Go it alone?
I have been on a DMP via Payplan since July 2008. After a recent mortgage swap I was able to pay a couple of creditors off leaving only barclaycard, egg (now barclaycard) and a managed loan from HSBC. I over pay the managed loan each month in addition to my payment to Payplan as this is over a much longer term than my…
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Never ending debt / money worries
Hi, I'm sorry to write this, as I feel that 'today, I will be mostly self -pitying'.. But long story short, I got into a world of debt due to pay day lenders, eventually with the help from this site, I went to Stepchange. Who were a huge help, but am now on a strict budget and little things keep happening where I have to…
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Can I make a Full & Final settlement offer on a CCJ?
Hi, I have a CCJ / debt which it appears was registered in 2008 from a Captial One credit card taken out in 2006. The credit limit was only £100 and I did spend this. Unfortunately, I completely forgot about this card when I separated from my ex-partner and moved back home to my parents. I am in the process of clearing all…
