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Debt free day has arrived!
All, After 5 years I am debt free and it feels great! Thank you to everyone for your support, it is great to know there are people in similar situations. To everyone on a plan, keep at it! To everyone struggling with debt and unsure what to do, the sooner you get started to reduce it, the soon it will be over and you will…
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What is the best way to get out of debt when income is less than debt?
Hi, I live by myself and I work full time 40 hrs. I get paid $15.45 an hour, after taxes,401k,ect and all take home is about $950 roughly. Thing is, I have about 5 grand in debt. made some bad choices ect long story... i want to fix it. The good news is, I'm down to one credit card with a balance. The other 2 had small…
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Default Query
I have just checked my credit reports with Equifax and Experian as a number of old defaults were due to have dropped off. There is now a default on my credit record from Motormile Finance. It states it is for a payday loan, amount £195. Start date 21/07/2008 and default date 01/12/2012. The loan is linked to an address I…
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F+F settlement/credit rating (Barclays)
Hello all Posting on behalf of a friend of the family, I've used tonnes of advice from this website before so thank you all!! She and her husband are currently estranged with a view to divorcing in the near future. He has c. £30k worth of debt on credit cards, is unemployed and has no way to pay these back (nor feels they…
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CCS Collect - Notice of Intended Legal Action! Help!
Hi all, So i have recently started receiving letters through the post from a company called CCS Collect claiming that I owe money to them on behalf of The Department of Work and Pension for £97.50. Thing is, I have no idea what this is for. The letters gives no explanation, they only abruptly demand that i pay it or face…
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How do you balance your finances?
Basically we are a family who keep going into our overdraft. I'm thinking of separating our bank account into two. One for bills and transferring enough funds to cover them each month and the other one for personal spends and food. I'm fairly frugal but I'm trying to figure out if this system will work for us. How do you…
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Advice needed!
Hi All, Long time reader, first time poster. Not sure this is even the right place to post but here goes! Silly actions in my younger years led me to burying my head in the sand over a debt to littlewoods which was subsequently passed to capquest. I recently received a letter from Northampton county court saying that…
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Am I bailing Dad out?
Hi guys, I thought I'd pop on for some advice. Recently my father retired aged 58. He lives alone since my mother left 15 years ago, but has a long-term girlfriend in another city. Late last year, we made an arrangement between my father, my then partner, and myself that when our tenancy ran out, we'd move into Dad's and…
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debt collectors from credit card debt
Hi all. Sorry if this is in the wrong place but I'll try to keep it short. About 6/7 years ago I took out an Aqua credit card and ran up a debt of about £1,500 ish. I fell on hard times and arranged with Aqua that I'd pay reduced payments with the interest stopped, although this took some persuasion! November last year I…
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HSBC debt suddenly resurfaced...
Looking for some advice. In 2007 I had an overdraft and a loan with HSBC. Outstanding on loan was 3000 and overdraft was also 3000. They both defaulted in late 2007 / Early 2008. One ended up as a ccj (not sure which!) both were bought by debt collection companies.. Which chased me on and off for 6 years. The ccj one at…
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nco / RMA resolve query to those who paid by cheque
i have a debt with NCO / RMA and recently agreed to a full and final settlement figure and i sent a cheque as payment on the 10th April .. it shows as delivered on 11th April but no signature is showing ..i sent it recorded delivery This payment still hasnt been taken out bank ( my brothers account) .. and no…
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CCJ says one thing Bryan Carter are telling me diffrent? help please??
Hi all I am seeking some more advice please. Recently i had a CCJ entered against me for a debt from lowell finance and Bryan carter solicitors. on the judgment for claimant letter from Northampton county court it says "i must pay the claimant £1,990.25 by installments of £50 per month starting 4th may 2014" anyway today i…
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DMP help for a family member
Afternoon all. I have been talking to a family member yesterday (I have their full permission to post), They are in a DMP with Harrington brooks, started in march 12 and supposed to be for 4 years. I mentioned that they would save by going through a free charity but on reading the terms, they are sure they are stuck to the…
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Help - need to tell husband about our debt!
Our debt is out of control and he doesn't know! Not sure how to tell him, he is going to go through the roof. he knows we have some debt but not all of it!!! I don't know what to do!!! I know I can cut back on the mobile phones and the sky but not sure what else to do!!! Statement of Affairs and Personal Balance Sheet…
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What should I pay first?
Hi all. I'm after a bit of advice if I may. I am now in a position to be able to save around £500 a month. My goal is to sell my house, but I am in negative equity by around £10k. I'm not interested in buying another at this stage as we are considering emigrating, so I want to reduce any potential shortfall as much as…
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Friday 25th 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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Feel so low
This is so hard and I am only 2 months in to my DMP I feel I have not been realistic enough with my budget. I am paying over £600 a month to give me a DFD of 7 years and its just really hard going already, I barely have enough left to cover bills but I am too scared to rock the boat at this stage with my creditors, I wish…
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Link Financial
Hi all, It's been a while since I was last on here. Please redirect if this should be elsewhere! My partner had a student loan from the 1990's and around 2004 acquired a CCJ for this debt. We were paying this off for a few years then for some reason no payments were made from around 2008. Then in 2012, a letter from Link…
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Doubting IVA, DMP?
To keep it short i have about 16800 debt and have worked out that I can manage to pay £150 a month. I was looking at an IVA but am worried about the secured loan they are looking at in year 5 which could extend payment by 20 years. I believe it wouldn't take much longer than 6 years to pay on a DMP without the worry of…
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worst case of unsecured debt you have heard of?
Hey folks, What is the most unsecured debt that you have ever heard of? I know of one person who claims to have owed more than 100K at one point. I know that we don't always know the full situation ( earning and affordability etc) so I am just talking about the amount of debt. A lot of people on here seem to owe between…
