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Sent a proof of debt letter, not heard anything back..?
I got a letter saying I owed 02 £400+, phoned 02 and spoke with their fraud department, they established that someone had taken a phone out in my name, and it was traced to be last used in Cyprus. While this was going on, Buchanan Clark & Wells bought the debt from 02, and tried to get me to pay it, I sent all the letters…
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Should I just clear it all?
Hi My situation is I have a personal loan which I used to buy a new reliable car. I used a personal loan and savings to buy the car. Monthly payment of loan in question £145 per month with 4 years to go. Current settlement quote £6700 Early/extra payment charge 56 days interest £64. Other debts@£0 Total access to 1 credit…
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Got to sort it this time
I have now realised that I have got really get my head down and sort out my money issues. Obviously there has been major changes recently and I am still getting my head around what has happened. I will do a new SOA in the near future and then look at where I go from there. BMG
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Monday 31st March - 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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What to do if OH isn't a DFW?
Hi, I'm new to DFW, and I'm interested in hearing how others have dealt with OHs that haven't committed to the DFW way. My OH is the worst influence on my spending; and he has bills in his name e.g. for Sky and his car that I really don't agree with, but so far he won't change. So how have you dragged your reluctant spouse…
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Living in La-La land
HI folks Been using the forum intermittently for the last 12 months or so ……mainly lurking for tips because I haven’t been able to accept im in debt Anyway I am 22, work full time and recently began living on my own ….. ive made some pretty bad financial decisions over the last 2 /3 years and hadn’t really accepted how bad…
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Clear £1000 of my debt in 4 months challenge
Hi all, I am going to try and clear £1000 of my debt in the next 5 months. I'm only a student so I have managed to wrack up around £1000 of debt on my overdrafts (luckily interest free). I am still a student so my income is not great. I want to try and clear it by the end of September at the latest. My 'income' won't cover…
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Light at the end of the tunnel.
Its been a very long hard struggle but i can see the light! I've just managed to balance transfer my overdraft to my CCard 0% for 6 months. I've been overdrawn since starting studying 10 years ago and graduating into the height of the recession didn't help, taking a low paid job with a commute costing more thand 50% of my…
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Aktiv kapital help needed
Hi there I had a loan with Egg which due to relationship breakdown I defaulted on, for sum of 12k. They sold debt on to AK and I was making small payments of around 30 pound monthly. Got statement off them, they have added 4k interest to it and have authorised Empingham to deal with it. Any ideas what I can expect. I read…
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Payday loan lenders
OK - basically if you are in so much debt that you cannot manage to pay back payday loans you may have, is it possible to tell them in writing how much you can afford to pay back and is it true that by law, they must accept what you offer them? I know on the phone they would say, oh we can only take a minimum of "X amount"…
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Recieved CCA, but is it valid> Bryan Carter ,Lowell
Hi all, I am a bit confused!! a couple of months ago i requested a CCA agreement and a breakdown of accounts from Bryan Carter solicitors there client being Lowell finance limited. well yesterday i received the CCA which is a photocopy, with my name added on it ( not by me) but no signature from me! is it still valid?? if…
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Almost there.......
Hey all, I have been reading the forums for a long time and just joined to start posting. Good news! After years of tightly controlling my finances and paying of debt in a trust deed I am almost there, I only have 3 payments to go :j. I was just wondering if any of you have been in a similar scheme and what you done when…
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full and final on credit report if already dropped off after 6 years-confused
If a debt drops of your credit report after 6 years, but you still owe and are paying it. If you then offer a full and final settlement for a reduced amount-and they say they will mark partially settled (or however they word it) on your credit report-does this make it reappear-as surely thats worse??:think::undecided I…
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Lloyds debt collected by CSL, now letter from Wescot?
Long story short, I became unemployed late 2009 and defaulted on two CCs. I had stupidly (and out of complete desperation at the time) used an overdraft facility on a Lloyds account which I wasn't getting anything paid into at the time and put it to the back of my mind. Lloyds closed the account when they realised I wasn't…
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debt advice requested
My wife took out a loan with Lloyd's before we were married and his been unemployed and unable to work or claim benefits for the last 6 years. I gave her the money to make monthly payments in full up to December 2010 when a reduced payment arrangement was made with Lloyd's. These payments were being made then Lloyd's…
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I don't want to wish the summer away but..
I will be debt free by 23rd August (payday) and so will need to watch my spending to achieve this as I have 3.6k to clear over the 5 pay days. It's very doable with a fair wind behind me and the determination to stick to my goal. I will use this thread as my diary to keep me focused and on track. Thank you!
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surprising debt from ltd history
Hi all, First time here so be nice please. so about a year ago i came out of running a pub which i had a ltd company set up for i had as far as i knew covered all the debts and the company as far as i am away had been wound up by now. i arrived home today to a letter through my door at a new address recently being added to…
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Just over half way through my DMP . . . stomach always in knots!
£28,418.00 Paid! £27,628.93 to go! Just increased my debt payment to £864 from £555 and hoping to be debt free in december 2016.... It's been one of the most stressful things I've ever had to do in my Life! I just want it to end. I feel so bad on my family for having no money to support us. Days can be so dark and…
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shortfall in house sale and a restriction
We have had an offer on our house and intend renting privately. Not the price we had hoped for but needs must. There is enough to pay off the mortgage and a secured loan but a shortfall of £3000 on a restriction my husband received a while back.What happens now? We were hoping to pay £100 a month off this. If they block…
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Time to change
Hi all, I have a bank loan and two credit cards and im in a cycle of paying off the loan bit by bit and meeting the minimum payments on the cards. Im not getting anywhere and I need your advice. I've tried to apply for a credit card so I can transfer the balance from one of them in order to get 0% interest for a few months…
