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Debt collectors wont negotiate
I have around £6000 in council tax arrears, the cases are now with Bristow and Sutor. Following many years of financial difficulty and ignoring letters I am now living with parents and attempting to resolve my many debts, foremost is this B&S debt. When I called them a few weeks ago we agreed to repayments of £150 per…
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In serious trouble and don't know what to do
Sorry if this is a long one. Want to get all of the information in so that someone can hopefully see a way through this, because I can't. In 2006 my husband discovered my debts/CCJs etc when we attempted to get a mortgage. He was absolutely furious that I'd kept them from him (they were from before we met and I was…
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Should we get a credit card?
Hi, We (wife and I) have recently come full circle, having gone through a DMP and then sold our house to pay off the debts, we are now finally creeping back into credit-worthiness. Our Experian reports are now much improved and we're applying for a new mortgage to buy a house again. My question is, should we take on a…
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Wednesday 9th September - 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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Lowell Letter:
I have a question about a letter i received today, it was from lowell, the confusing thing about this letter is i don't know where the debt has come from, the debt is owed to a company called (Morses) now i know i cant remember having such loan with them for the last 8 years or so, i think i did about 10 years ago but i am…
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Paying parents debts...
Hi, My parents owe about £17k without the means to much more than meet minimum payments. Not that I want to get into the why's eyc but this is due to ill health. They own their home but credit rating is shocking. We are looking at taking out a loan for them and paying it off over 3 years. We want to pay it for them. My…
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Credit score confusion
I had two CC debts that are now owned by Cabot. I have an agreement in place to pay a certain amount each month...and i do pay it. Why are Cabot allowed to default my credit score when i havent done anything wrong in terms of our agreed amount.??
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MBNA interest and charges
Hello, Despite being in a DMP for many years I am only now checking my DMP statement balances with the creditors /dca's. I have discovered that in the 5 months from when I started the DMP to when MBNA issued a default notice and soon after sold the debt to a DCA they added £780 in fees and interest. Has anyone else been in…
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Old debts - can they be re-raised?
Hi there, sorry if this has been covered before. If old debts had been reported previously on but are no longer shown on my credit file/history due to the age of them, if as a debtor my circumstances changed and I was financially better off, if a creditor/DCA at any point in the future chose to go the CCJ route, I presume…
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My Little (big) Project!
Hi there I'm Rosie D & I'm a stay at home mum to our 2 little ones whist my DH goes out to work to bring in the pennies. I've been trying to pay down our debt for the last couple of years & haven't done too bad as we owed £38k then & now we owe £20k, so it's still quite a big amount but not as bad as it was! I'm going to…
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What is classed as admission to a debt
Be a while since i posted on here and we now believe we have knowledge of all our debts. The question is, Is contacting a company by email (i.e Lowell) asking if they could confirm any debts in NAME at ADDRESS classed as admitting anything? We've had replies of accounts held but we never replied back once it had come. They…
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Tuesday 8 September - 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 debts to overpay on first?
So I have over the years built up a fair bit of credit card debt. I have always managed it so I don't default and therefore still have a decent credit rating. I have 6 credit cards at the moment with most of them on a 0% or low interest rate deal. I just want some advice on which ones to pay off first with the extra income…
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DMP balance
Hi, I am on a dmp with Stepchange and am in the process of checking with my creditors that the balances showing on my dmp statements are correct. I am a bit confused when it comes to the 2 loans I have. I don't have the real figures to hand so will have to make up an example. Original loan for £10,000 over 5 years Interest…
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Can you default on a default?
Hi, I was paying off a debt to vanquis bank which they had registered as a default, however they sold on my debt to another company at a time I moved house. Therefore ther were a couple of months where I didn't make a payment as I tried to find out who I actually needed to pay. I found out who it was and paid off the debt.…
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Bailifs for a debt which is not mine
Hi, I was wondering if someone can help me. I have today received a letter from Marston High Court (at my previous address) about final warning to pay of a debt, despite not receiving anything prior to this. Anyway I dont owe anyone any monies and am on top with my payments, so I rang them and they said they were…
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Vodafone and Lowell Portfolio
Hello I am not sure if this is in the correct place, can the mod please move it if not. I have tried reading the some of the vodafone and lowell problems people have already had. I recently returned from holiday and got a letter from Lowell Portfolio saying I owed them £50.51. I investigated this and found it was for a…
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debt management companies?
what are the benefits of using a debt management company such as payplan? i have £32k debt. and want to remortgage after paying off my debts which are currently in payment plans, some of which have interest frozen.
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Statement of Affairs?!
Hi I have been advised to do a statement of affairs on here to help me out with my financial situation. Could someone point me in the right direction of how to make one please? I have seen a few examples on here but wondered if there is a template to use? I have done a budget spreadsheet. Thank you!
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Lowell (again...)
This is their response to our 'debt is statute barred' letter. "Please note, this debt is not Statute Barred. Your comments have been noted but we would advise you that the Limitation Act 1980 Section 5 is not applicable in this case. We would refer you to section 29 (7) of the limitation Act 1980 which states "….. A…
