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Made a mess up! Overdraft!
Hi All, I had an old account that I was paying an overdraft off on. The overdraft was £400. I could only pay £10 per month ( it was enough to cover the £5 interest and pay £5 off ) and I had been doing this for a year or so. Didn't check the account regularly and this has resulted in a mess! So I have just landed a much…
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HSBC Managed Loan
I was actually wondering if it is possible that a managed loan could be mis sold. I found myself in a debt spiral in 2009. I approached CCCS (Stepchange). A DMP was arranged for me. All my creditors were brilliant and accepted, except HSBC. I had a loan, credit card and overdraft with them. They refused to accept my offer…
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Full & Final Offer or Stick with DMP
Been on a DMP since 2010 with Payplan, I should be in a position to make full and final offers to my creditors over the next few months BUT whats the best thing to do... I've read that your "defaults" fall off your credit file 6 years after the initial default was recorded (mine would start to come off as of June 2016 if…
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Old Egg Card Debt - Written off?
Hi, I have an old Egg card balance that I defaulted on back in 2011 with a balance of £15149...:( This is only one of a few large debts that I defaulted on at the same time (just went under after a redundancy and years of trying to get rid of them on my own..). Although I am still receiving letters and calls from the other…
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DMP or IVA how did you choose
I'm currently getting help with my finances from StepChange and I just wondered how other forum members came to the decision between an IVA or a DMP, I'm being recommended for an IVA but know that the final decision is mine. Any pointers or considerations you had in a similar circumstances would be welcome if you are happy…
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Which debt advice people should I use?
Hi Any advice greatly appreciated please. I am having to admit to about 13K worth of credit card debt which I have been struggling to repay. I have been shifting it about for a while on various 0% deals and paying the minimum amount every month hoping that things would bet better and it would get paid off. Instead things…
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0% Credit Cards
I was wondering, can anyone apply for a 0% Credit Card or do they have strict T&C's? I have one credit card with Lloyds with just under £2k on, however the APR is really high on it so I want to do a balance transfer to a CC with 0% or low APR. Thanks
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Advice needed - student loan collections
I graduated in 2010. In my final year I received a grant. Long story short despite us jumping through hoops repeatedly to provide the information (parents went from employed high earner to self employed much lower earner) I got a letter after I finished to say the grant was overpaid and they wanted it back to the tune of…
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Unknown 12yr old debt now being claimed
Hi, Hoping you can help with this to see where I stand regarding some outstanding debt. For 13 years I have been using the OneBill service operated by Secure Trust Bank (http://www.moneyway.co.uk/onebill) Essentially they pay all bills then charge you a lump sum monthly which aids in bill management and they spread out any…
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Debt / Retirement
I will try not to make this to long winded ,,I plan to retire at 63 in 2 years time at present myself and wife both work, I also have a private pension each month,, we rent the house we are in the only debt we have is a car loan, repayable over 5 years,, we have savings in both an ISA and normal savings account that could…
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Tuesday 24 February - What small DFW things will you do today?
When we start out on the DFW 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 progress, when…
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Best way to sort overdraft?
Hi, Sorry if this is in the wrong place! I currently have an overdraft on my Halifax account of 1600. My monthly wages aren't this much meaning I'm never in credit so can't reduce it bit by bit. I get charged £1 per day so charges of 30ish pounds per month. I've read a few posts about people opening up a basic bank account…
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cant sleep since I told hubby
Last week I told my hubby I am in 16.5k worth of credit card and overdraft debt. before I told him it was my little secret and I didnt worry. I can make the repayments and I can pay it back slowly, but now I lie awake every night worrying. It is as if telling my hubby made it real. the enormity of the debt and how hard it…
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Outstanding rent arrears
Hello all Need some advice please. I used to live in a 2 bedroom flat until i decided to buy a house with my wife. Fast forward 8 years later and i have been contacted by letter and phone call (both by a claims collection type company not the housing company) claiming i owe the housing company rent of £160. As far as i'm…
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Mum always knows best!
Just thought I would share a little nugget I worked out today. My mother has always said 'money attracts money', and I never really knew what she meant...until now! 12 months ago when I was in the mid-DMP nothingness that gets everybody down at some point, I literally would have no money left at the end of the month. I…
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Lowell court summons help please on 'settled' debt
Sorry if this is in the wrong place. I had a credit card with Lloyds that was defaulted and then settled in July 09, both Equifax and Experian state the debt as settled/satisfied. Lowell then started sending letters about this debt in Sept 09, changing it from Lloyds to Lowell, same amount, same account number. It is on…
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DMP Advice Re 'All Monies Clause'
Hello, I am new to this site and have never before posted on a forum so forgive me if I have posted this thread in the wrong place etc. Myself and my wife have recently spoken to Step Change in relation to the potential of setting up a DMP. We have unsecured debt (personal loans, credit cards, overdrafts & catalogue) of…
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help! :(
Hello, Ive been reading the forums for a while but i have never posted.. I have got myself into a little debt, mainly due to paying for post grad and unable to get career development loan.. Nationwide, £5000, 15.9% apr £6900 limit tesco, £740, 17.5% apr £1000 limit asda, £2060, 0% until may then 24.9%, £3200 limit…
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Just looked at my Experian credit report, seems ok but a few questions
Only shows 6 records, 1 is new credit card I got, then my Santander account and 3 Clydesdale one and one from 3 and one for my internet. However I have 2 searches from Lowell as Unrecorded Enquiry what does that mean? I am in dispute with them for mobile phone debt from 2009 (shall I just ignore it as last payment was made…
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Council tax when I was a student issue
I was a student back in 2008 at a university, during the summer of 2009 I lived closer to parents as couldnt stay in my accomodation over summer, for this period of about 3 and a half months I am having issues with council tax. In my 2nd year I decided about 2 weeks in I did not enjoy the course so transferred to another…
