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Hi there,
Does anyone have any knowledge about this. I was issued with a statutory demand of which I paid. The debt collection company are now asking for an additional £2999 to cover costs 1 and still threatening insolvency. Is this law full ? Can they enforce it. I have stopped the cheque for the settlement as unsure how to…
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Partial Settlement
There seems to be lots of discussions regarding this subject but I can't find a couple of facts that are important to me regarding my situation. I have a £19,000 defaulted credit card debt with MBNA which is now handled by 1st Credit and discussions have been ongoing for about 4/5 years now regarding settlement of the…
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Get debt free on very low income?
**sorry for long rambling post!!** I quit my 9-5 job in January, as it was making me very stressed and I wanted to simplify and downsize. I've got rid of Sky, got rid of my iPhone contract when it ran out and went to giffgaff, have swapped onto value food/bulk buying and have really slashed my outgoings to mostly basics…
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How do I find out who I owe money to?
May sound like a daft question but I've moved house a lot the last few years, changed mobile number etc and all but ignored any letters and requests for money as I was buying my head in the sand. However I'm now in a position where I can hopefully pay them all off (parents house sale) so I want to get a list of everyone I…
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You Need A Budget
Hi All Has anyone used the YNAB software and has anyone purchased it - e.g. is it worth the money and what happens since you have to pay for it in USD. I know there are free spreadsheets in abundance but what I liked about this is that my DH and I can put it on our smartphones and update in real time. It looks like we can…
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can anyone put my mind at rest?
I am scared of knowing the answer to this question but here goes.. How likely is it that a court would make someone bankrupt at a creditors request despite payments being made to all creditors via a dmp with cccs? After reading some horror stories on this forum about creditors making people bankrupt I am really scared…
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Such a mess since moving in with partner
When partner and I first moved in together we wrote all our outgoings and incoming down and worked out we were better than comfortable, we had £100s spare each month after groceries, petrol and all bills. We've lived in this house since last July and I can't remember one month where we've not ended up in the overdraft.…
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Free "Managing My Money" OU Course
Hey guys and gals Just wanted to share this link with you all. There are lots of free courses being run throughout the year all by reputable universities. There's one of particular interest to us all here starting on 12 May, run by the Open University, called "Managing My Money". "The course starts by giving you practical…
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Making offer to DCA
Hi, I am looking for some advice on how I can go about doing this please. I currently have 3 debts that I am paying monthly to DCA's. These are; £7,650.00 £12,998.00 £9,438.86 I have been offered some money by my parents so I am looking to make a Full and Final Settlement offer on at least one of these debts. They have…
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Direct Debits
Expect that most will be as shocked as I was to find that, if you cancel a DD with your Bank (even if you have followed their 'advice' and informed the company concerned) the Bank reserves the "right" to listen to what the company has to say and then to decide whether or not to allow the company to take further payments -…
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Wednesday 23rd 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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Debt Clock
I know there is a statutory debt clock of 6 years. but when does it start. Is it (use a phone contract as e.g) * When i set up the contract? * When they formally cancelled my contract and requested full payment? OR * When it was referred to solicitors/court? Say I owe a debt to a company, 2 years down (2016) the line, i…
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Hamptons legal threats
I've received the following letter from hamptons legal Dear ...... Assessing your account for legal action Your account is now with hamptons legal. We take legal action on behalf of Lowell portfolio I ltd and the reason you account has been passed to us is due to non payment of you O2 (uk) ltd account. Preparing for legal…
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Statute barred debt?
Hello, I'm sorry to be hijacking this thread but I was hoping for some advice. I've been having to deal with continual chasing by debt companies pursuing alleged debt regarding a Nationwide account. I did have a Nationwide account between 2001 - 2007 but I believe that the building society allowed the account to rack up…
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Long Term Debt Arising
Hi all, We have been recieving letters from a couple of companies in the past and recently from companies such as Advantis, the outstanding balances they quote are much more than is believed to be the actual owed amount and the companies involved have been told this in the past. (2 yrs ago) The companies that are…
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Is there a register of debt collection agencies?
A friend of mine has received a letter from a company called "Harrison Collection Services". The debt is owed to a very sketchy company and he has reason to believe that the agency might not exist. Their email is a gmail address, and there is no record of their name or the signatory's name on google.
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Where to start?
Hi all, I have hidden from my debt problems for such a long time, I've finally had enough and want to sort it out, once and for all. Back in 2007 (aged 19) I applied for a loan with Halifax for a new car. Along side that loan Halifax offered me a credit card with a £1,200 limit. Stupidly, I signed up for it and have made…
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Switching debt from credit card to 0% overdraft good idea? - new to this!
Hi, I've just returned from travelling, for which I got a credit card (Halifax clarity 12.94% interest I think) I have around £1500 in debt on it from when I was away, and want to be rid of it! I've come back straight into full time work so have set up a standing order to pay it off at about £300 a month, so I should…
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Proposed Allocation to small claims court Urgent any help please?
Hi Guys, I have received a letter from N180 form from Northampton bulk center today, and i need to fill out section C1 and i am not sure what to put ? any help would be greatly appreciated ? Thanks
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Barclays and Step-Change
I'm not writing this for advice or feedback; but feel that I should share my recent experience with Barclays Bank. I have held a Barclays current account for over 25-years; for the first 23-to-24-years my account was always in credit by a minimum of several thousand pounds. For the past year or so I have incurred…
