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Advice need on SOA
Decided to create a new username just for this topic to keep things confidential as my regular username on here I use everywhere. Through a combination of my own stupidity and trying to keep my business going when I should probably have wrapped it up I have nearly 30K in credit card debts I need to do something about.…
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stopping payday loan company emptying account
Hello. I have had experience in the past with payday loan companies but luckily am able to stay clear now. However in recent weeks I have been helping my sister to sort out a situatuon with her mortgage - she has got into arrrears - and threatened with possession - luckily she has now agreed payment agreement with lender.…
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Mobile Phone Contracts
I have had a mobile phone contract with T-Mobile for years now. I have a second line for my son. When I was starting to struggle with repaying my debt payments, I phoned them to see if they could reduce the plan and therefore the cost, but they said no, nothing they could do. I asked how much to buy out of the contract and…
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How can I Transfer overdraft and credit card balances
Time to put this in order... As I have read in other recent posts, Barclays new o/d charges will have costly consequences for many, including me. I have an o/d of £3150 which I use all the time, up to the full limit, and have done for at least a couple of years. It costs me around £35pcm to have this, plus the odd charge…
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Statute barred question
Hello all, I gave a personal guarantee on a business bank loan about 12 years ago. It was my first business and it closed with debts. I offered a lower settlement of my guarantee to the bank, which they refused but asked we discuss further. Nothing ever came after that letter and so a few years ago the guarantee became…
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Quick Quid Woes
Hi all I have a flexi loan with Quick Quid that I took out in October of last year and I am in the process of paying this off. My pay date has recently changed and so I emailed support on Monday with a copy of my most recent payslip and a note explaining that my repayment date (currently 17 April) needs to be amended to…
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First Direct put my account on hold. Question about charges
I told them at the end of March about my DMP. I have a current account and personal loan with them. They said they'd be withdrawing my bank account but that they'd put a hold in my account for 60 days. I started the transfer to Co-op Cashminder on 1st April and it should have completed yesterday. I made sure the balance…
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Thursday 10th April - 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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Funding Circle - Personal Loans?
Hi, Are there any companies like funding circle that offer personal loans? My financial situation is challenging. I literally pay around 400-500pcm in interest which is around 25% of my monthly income. I'm repeatedly relying on payday loans every month (200+pcm in interest alone) to get through the month. I recently…
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How shocking is this?? My SOA
Hey guys, I have finally had my LBM!! for the first time I have actually sat and listed/calculated my debts and I am horrified, shocked, embarrassed.... the list goes on. I knew I owed a fair bit but not 30K!!. I have included my SOA below and would welcome any comments. I have included all of my income. The £350 extra is…
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Arrow/Reston
Hi all over the last month I have recieved letters from Arrow about a debt of £600,I ignored them as it stated it was to HSBC whom I never had any dealings with. Two weeks ago I had a letter from Restons saying they had been instructed to start legal proceedings, I duly sent the prove it letter and they sent an agreement…
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Capquest and CCJ?
Hi All my debts are just at the statute barred stage give or take a few months. Out of the blue have capquest chasing me threatening to take me to court. They have sent me a letter that Capquest investments has purchased the debt. Do they (Capquest) apply for and go through getting a CCJ or is it just a bluff? I would like…
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Statute Barred in Scotland
Sorry all for ramping on this but I cant seem to get a definitive answer. I used to live in Scotland where all my debts were amassed. I then moved to England for 4years and now moved back to Scotland. How long do I need to be resident again in Scotland for Scottish Statute Barred of 5years to apply? Thank you
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DMP review
I willl be speaking to payplan on friday for my annual review, i wondered if it would be worth asking them if my two barclaycard accounts should have been defaulted , they both charge interest at a lower rate, I understand that they are allowed to do this, if the accounts were defaulted would they still be able to charge…
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Mortimer Clarke Solicitors/DCA Advice Needed Please - Worried Sick :-(
Hi all, I had a loan with Northen Rock back in 2007 and due to financial difficulties fell into arrears and subsequently defaulted. I wrote to NR explaining my situation and asked for help - never got any. The loan was then sold onto various DCAs but nothing ever came of it. However, since December 2013 I've had letters…
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Debt Help - Urgent
Hi all. I didn't know where else I could go to ask this. I need help. I've been signed off work for almost 12 months with severe depression. I wanted to die. I still do. Even with my meds, I don't want to be on this Earth anymore. As if that wasn't enough to cope with, I am approx. £10,000 in debt (which my husband isn't…
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Council Tax from 2000
Hi, Just over a week ago I received a letter dated 06.02.14 from the local authority regarding outstanding council tax at an address I left in 2000. The letter contains the following: "I would advise you that I am holding in abeyance a Liability Order granted by the (local) Magistrates Court on 14th November 2007. Please…
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Paying off overdraft - advice needed
Hi I'm new to this site so I hope I've posted this in the right place. Basically, I'm after some advice on paying off my overdraft account. I have a £1500 overdraft with Barclays which I am constantly in and due to the new charges, I am now attempting to pay this off. I have opened a new account with Nationwide who have…
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Where do I start?
To cut a long story as short as possible, about a year ago, I had a nervous breakdown, fled my house to hide at my girlfriend's, left my (minimum wage) job, was signed off as unfit to work by my GP, and totally abandoned all of my accounts and financial dealings. I've been having my benefits paid into my girlfriend's bank…
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The 2nd job situation
Hi guys It's been a while since I last posted on here but advice is needed once again from you lovely people. I have made some good steps this year to clearing my debts. I have already cleared my overdraft and changed banks so I am no longer tempted to spend into my overdraft (also my old bank were naff) I have an…
