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Calculating debt
When calculating total debt do you take into consideration all of the interest payment on a loan too - For example, my loan which was orignally for £15000 increases to £17500 when I take into account the debt. My current balance is £7500 but the settlement figure is considerably less. Which is the best figure to use as in…
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Paying off debt - which is best?
Hi everyone! I have put together a budget for myself to pay off my debts, before looking to buy a house with my partner (we do have a deposit tied up in another property at the moment). I want to clear my debts before we apply for a mortgage and, looking at my budget, I will be able to do this by May next year. However, I…
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Credit Agreement
Hi All, Hope you are fab and well. In November 2008 I stopped paying a credit card due to being a student and not having the income to pay it back. I tried for ages, but it was crippling me and I had no source of income so stopped.... Anyways I completely forgot about the debt and carried on with my life until about 3…
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Bankruptcy Help
Hi Guys I am considering Bankruptcy as I have over £20,000 of debt and it is really getting me down now. I have tried for years to clear it but find IVA's and DMP options dont seem to work. Question 1- how long does it normally take to go bankrupt from application to the court ? Question 2 I am worried that I will pay £700…
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Average family debt is £3200!
Just read an article which states that the average family debt is £3200 (unsecured) That means that at my worst I was 10x worse than average. How dreadful. I really thought the average would have been higher than 3k
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Im scared
My husband left me last month and I have been left with all the debt nothing I can do to get him to pay debt as its all in my name and he is getting his own place so has his own bills to pay, we were keeping ahead above water but now I'm on my own with 3 children, I work PT so have money coming in, me debt = £20000 a large…
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Debt question
Hi i have a debt going back 13 years and today had a letter from rossendales about this, but i was told after 6 years they cant do anything is this true ? and if so what will i need to do. any help would be much appreciated.
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URGENT Help needed! Just about to be cut off by E-ON
Ok so my electricity is about to be cut off, they came round today to take the fuse out but my neibour stalled them, I also contacted them and they want me to pay today 100 pounds or they will cut me off tommorow. I owe 4660 pounds. Im on job seekers allowance, and im on housing benifit, but I dont get enough housing…
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Lewis group/ cl finance. Who are they?
I have just received a letter from Lewis debt recovery on behalf of Cl finance ltd, with a final demand for £1741. I have no clue as to what it's for and can find it on either noddle, equifax or checkmyfile credit agencies. It gives no indication to where its from and although received today, it demands payment or response…
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Prove It Letter Reply
Hi, I used the prove it letter that stickied to this forum for a debt that was being chased by Lowell group, I got a reply, but I'm not sure if the reply actually tells me anything new. Any help from the community would be appreciated.
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Marshall Hoares - Minus Amount
So I have been paying back a debt to Toothfairy / Marshall Hoares / NDR My last statement from them said I owed them £-18. I therefore thought that my plan had come to an end and wasn't too fussed about the extra £18 paid. However a couple of days ago took £250 from my bank account and now I have received an e-mail saying…
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My wife is on benfits and is having a compensation payment
Hi peeps, my wife had an accident on a bus 5years ago and is having a compensation payment at last. She held down 2 jobs before this and is now on DLA and some other benefit. Problem is this will take here over the 6000.00 savings limit. Now I do have some debt and this will be payed off, and this should take us under the…
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Thursday 12th September - What small DFW things will you do today?
When we start out on the Debt-Free Wannabe 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…
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Second job...?
Still fairly new to this forum so I'm sure this has been asked before but I thought that I may as well ask just in case! I'm a young professional in around 6-7k of debt (personal loan and payday loans). I am trying to pay this off asap to ensure i dont waste any more of my life paying off debts! So I figured, why not get a…
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clean Experian file but constantly denied credit?
I recently applied for a bank account, and they told me they only search Experian. I checked my Experian a few days ago and it was fair with no negative factors, and 2 positive. Yet I got a blunt email a few days later claiming they do not wish to open an account for me? Now I heard rumours that there is a secret credit…
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Regular saver or regular extra payment on loan?
Hi folks, I'm one payment into a 5 year loan of £9640 at 5.9%APR (total debt if payed to schedule £11115.96 - monthly repayment of £185.26) I recently transferred to the First Direct account (£125? Yes please) and (due to a recent payrise due to getting a new job) think that with enough scrimping I should be able to max…
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Old store card
I have a few debts, most of which I am paying off via a DMP. I have 1 debt not included in this, a store card with Santander. The total borrowed was £350, in 2006. Since then I have been paying minimum payments, with lots of missed payments from time to time as until recently I didn't manage my finances very well. I…
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Settlement Figures
I've managed to agree settlement figures with a couple of creditors (c/cards) but having problems with last creditor which is bank account of well known high street bank. They say they don't come to arrangements to 'settle' and that the full amount is owing. Question - Is this correct ??? i've had no problems negotiating…
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Cutting back on spending on petrol.
Hi, I need to cut back in all ways but my petrol bill has just doubled with the children going back to school. Ds1 is in 6th form and has just lost his free school bus entitlement. His school is 3 miles away and Ds2's is 2 miles away. There's no pavement until almost at Ds2's school and its a main road with national speed…
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Debt Solutions Needed Please
Ok, so last year I was in a 40k job with company car, fuel card, bonus etc. This year I find myself in a 20 hour temp contract job at 8k! Not a good place to be although overtime is plentiful so still managing to bring around 1300-1500 per month in. I really need help with reducing debts and managing them better as we are…
