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Do I pay off a loan or credit card first?
Hi folks Some advice needed. I have £6,400 to clear some debt and am not sure which is the best way to use the money. Halifax Loan = £2,151.50 (settlement figure saving me £95) or £184.04 for the next 12 months @ 13% APR (£28 interest pm (depreciating)) Barclay CC = £7,000 @ £195 approx pm @ 25.2% APR (£125 interest pm)…
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Advice wanted/SOA (I know you love those)
Long story short I made some really bad decisions in all sort of areas of my life when I was younger, and while I now am pretty good at managing my money, I've a lot of ground to make up. I am planning to go to university next September. As far as I can see, my options run to either making my creditors an offer to give…
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Applying for mortgage while on DMP
Hi Does anyone have any success stories to share about applying for a mortgage while on a DMP? I've been told by StepChange that I can start to apply for mortgages after completing 1 year of DMP payments. Cheers DFW-Dazzler
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Struggling to get out of the BNPL trap
Hey Guys & Gals, Just on here for a wee moan at myself really. I am just struggling to get out of the trap I have found myself in since I was 18 years old (I am now 32) with buying on catalogues or credit cards & not saving & paying for it when I already have the money. I have a diary on here but just feel like a bit of a…
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Thursday 29th October: What small DFW things will you be doing 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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Quit everything , and start again over 50?
MSE Insert: 18 months on from another casualty's original post they've done it and started again. Read the next instalment here: I've quit everything, now what? Back to another casualty's original 2015 post... ---- Hello everyone. Haven't been on here for a few years, but this is my second thread tonight:) My situation:…
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Low income debt busters?
Hello! I'm a newbie and a lurker. Just wondering if anyone else here is on a low income? I'm on SMP after having my second baby but I work part time normally so it's not too much of a dip in pay. I am mainly after tips for how to make money out of nothing as there isn't any extra. So far I have paid off £2750 with another…
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Need To Clear Overdraft
Hello everyone,hope you can help. I'm on a DMP , with Payplan since 2012. I have been paying that ,and all of my bills on time as per usual. Unfortunately, my mother passed away 2 weeks ago in Ireland and the funeral was 11 days ago. I had to go over a couple of times for the funeral and before that obviously due to her…
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Stirling Park Attachment
Hey folks I got 2 parking tickets within 2 weeks of each other, but fortunately had both the tickets for evidence. I sent them both off and never heard anything about it for a few weeks. I then get a letter demanding payment of fine for 1 of the tickets, i phoned the local council who issued the ticket and they told me…
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CCJ at old address
Today I received a knock on the door by the woman who now lives at my old address. She came to drop of a pile of letters addressed to me at the old address. One of them is a CCJ from Northampton County Court Business Centre, ordering me to pay £907.89 in monthly £50 installments to Lowell Portfolio, the first of which is…
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Robinson Way Prove It Issue
Hi All, I sent off a standard prove it request to Robinson Way and today received a reply that has left me a tad baffled... It reads: 'Unfortunately , the information you have provided does not constitute a valid dispute of the amount you owe' At the bottom of the letter it also has this: 'Please note we have not logged…
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Wednesday 28th October. What small DFW things will you be dong 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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Need help with Council Tax Debt from 08/09 & 09/10 (Scotland)
Hi, I've just received a letter from Walker Love advising that a Summary Warrant for recovery of arrears of Council Tax has been passed to them for collection. They are asking that I pay a total of £786 in the next seven days. The debt relates to years 08/09 and 09/10 and belongs to an old address. I'm really worried about…
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Letters from Lowell
Hi All, A few years ago after moving out from home, I was struggling to make ends meet and let a catalogue account slide into default. At the time it seemed like an insurmountable problem so I buried my head in the sand. Now I'm not so worried about the debt, but the possibility of getting a CCJ and it screwing up my…
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EU final year university student with default
Hello, I can safely say that I've had better days..so to explain my situation: I am an EU citizen and I have been doing my whole degree in the UK. In 2012 I had a bank account with the bank Santander which supposedly I thought I closed by July 2013, as I went back home for the summer afterwards. Due to health issues I had…
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Older debts
Hi all, this is my first post here and I hope it makes more sense to some of you than it does in my head! Myself and my partner got into some bother a few years back and took out more money than we could realistically afford to repay. Coupled with losing my job and having an unexpected birth in the family, we struggled to…
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Payday Loan sold to debt collection - who to complain to?
Hi there I wish to make a complaint against a Pay Day loan company that has since passed on my debt to a 3rd party debt collection agency. I was just seeking advice on who i should contact in this instance, the payday loan company or debt collectors? Thanks!
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Tuesday 27th October - What MSE 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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Settling old credit card debt through my DMP or diirect
I have been on a DMP, (Step Change) for over 10 years. These are credit card debts, circa £27k are with 5 different finance companies. They have changed hands several times over the years. Only 1, a Barclaycard sold to Cabot in 2011 remains on my credit report. I am now wanting to pay these debts off by offering a lump…
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Overpayment of salary
Long story short..i was on a temporary contract with the NHS which ended 30 Sept 2015. I found new employment and handed in my notice and left at the end of August. I have today had a text from my manager to say that she had not completed the termination form form and i had been paid at the end of September. My money…
