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First Post! How best to pay off my debt?
Hi all, I have made too many financial decisions (or lack of) without making use of this great community. First of all let me lay out my current financial state of affairs. I should say that on top of this I have some work related share saving schemes with £2k saved but I know its future profit is too good to release now…
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Two choices: unemployment or homelessness.
So, here the deal! I posted a couple of months back "About to lose control" where I explained how I was in just under £8k worth of debt and I was making arrangements to start a DMP and I opened up a new "safe" bank account. In the end I didn't go ahead with a DMP as I decided I could get things done far quicker at my own…
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Payplan DMP - What are their steps/stages to arrange and make your plan ??
When considering a Dept Management plan with payplan, what are the stages of how things are done, in a 1) 2) 3 format please? eg 1) you make a list of your debts on a paper, with the debt company + amount of debt 2) You phone payplan, with this list 3) you give them a list of income/expenditure, 4) next? next? What other…
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Fallen behind with Very & Littlewoods who to pay first?
Hi everyone. We had an unexpected bill in February and we missed our Very & Littlewoods payment and we've been playing catch up since. On each account we have had a £12 late payment fee and £12 fee for not paying the minimum. I have been paying the balance from the previous bill. This has been around £60 for Littlewoods…
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Urgent mobile advice needed pleas
Hi all, I'm on a mission to reduce my outgoings and clear my debt I'm taking a realistic view of my bills need advice on my mobile contract. The contract ends 29/04/2016 if I leave the contract early I have £280.44 to pay for cancelling. My monthly is £29.00 but I rarely pay £29 I usually end up paying £35-£40 per…
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What happens after a default has come off?
Hi, What happens six years after a default has been issued if you still havent repaid the debt? I take it the debt still shows? How does this affect the credit file?
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Payplan contacting a DMC, who have passed it on to a 'new' DMC, what happens ?
If you are considering using Payplan to put together a DMP for your debts (credit card, Overdraft etc) and these credit card debts have been passed on the Debt collection agencies, with Debt collection agencies, if no contact has been done with them by the debt holder, then they sell it on to another debt collection…
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Tuesday 5th May - 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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What to do if a creditor cannot supply CCAs
I have in the last day or so learnt about the ability to request CCAs...as I understand it if a creditor can't.....then they are breaching regulations. I'm about to fire letters of to my creditors and wondered what I do next if they cannot supply the required information. thanks
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what order to pay off creditors
me and the missus are on a dmp....we have 5 creditors and have been defaulted on 3 hbos - £4137 (default expires dec 2017) moorcroft - £7854 (default expires dec 2016) paragon - £488 (default expires dec 2016) the other 2 we are not defaulted barclays CC £3700 paragon £1800 I'm paying £170 a month on the DMP however a…
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saving up to buy a car but need to set up DMP soon
Hey everyone. Quick question basically stepchange are helping me at present and I'm going to set up a DMP soon. But at the moment I'm making the most of being able to put aside some money each month so I can get my first car but I'm worried as soon as I buy it it will get taken away from me.. If I set up a dmp and they see…
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Is there a letter template for offering a small payment to close defaulted card acc.?
Hi, Is there a letter template for offering a small payment to close defaulted credit card account? Otherwise, any advice on this matter would be gratefully received. I have a defaulted credit card that will 'drop off' my credit report in July 2016 but I'd like to make a payment and get it removed sooner. Is there an…
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DMP and Additional Debt
Hi all, new to this forum. I'm not the best person for this so thought I would ask here as I've used other forums for myself. One of my good friends is in a DMP with stepchange. However, she has some new loans that she has taken out to help with unforseen expenses such as car repairs etc. These loans are very high interest…
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Invoiced for an email - Help please!
Hi, I have been out of work for ages but have some savings so don't even get to claim unemployment as I had it for six months and am now out of claim! Anyway my issue is that I was potentially offered a contract to work. I was unsure as to how to deal with it i.e. Limited company or an umbrella company - anyway I sent an…
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Cabot CCJ
Hi all, crickey where do i start, Ive finally pulled my head out of the sand or at least had it pulled out by an impending CCJ from Cabot over a old credit card default.. to cut a long story short, i came out of a marriage in 2009 and ended up with a sizeable amount of debt that was all in my name as apposed to being…
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Barclaycard Full & Final Settlement
Hi, I'm trying to help my mother out with an outstanding Barclaycard debt of around £5,000. Initially Barclaycard would only make the offer verbally over the phone and would not provide written confirmation (saying it was not their policy). I will be helping my mother with the debt since she has no way to pay this by…
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Bank Holiday: Monday 4th May - 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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Sorry, another request for advice on consolidation
Apologies all, I know this one keeps cropping up, and the answer's usually 'don't do it, it's a mistake' - I guess I'm posting because I want some help from the lovely forumites to see if my logic is flawed. So, here's the background .... Almost 2 years ago we got the wake up call (triggered by potential redundancy) that…
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Old debt, date errors and maybe no paperwork - what next?
Hello, I was advised this was the place to come for some help. I'm not entirely sure where I stand and if there's anything I can do but I'm hoping someone can help. Years ago I got an overdraft with Halifax and got in to difficulty. Through CCCS (now stepchange) I went on to a payment plan and started to pay this back with…
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Statute-Barred Debt - Lloyds Bank
Hello, I've used the advice within this community for many years, but I'm at a loss with this current situation. I have an outstanding debt with Lloyds Bank (I suffered a year of anxiety problems and accrued a debt of £4,300 from unplanned overdraft charges, etc. - the initial overdraft was only £250) stemming from late…
