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Decreasing creditcard Interest? by borrow and pay back?
Hi Everyone, Im looking at decreasing the amount of debt I have on my credit card first and have worked out if I stick within a tight budget I can drop between 600 – 700 into my Capital One account to decrease the balance which is currently at £3000. I have received a letter offering me 4 months interest free on balance…
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7 year old debt
Hi guys, So I've this old debt from 2008. Last year I received a letter from county court regarding it. It was so long ago I couldn't remember it so I spoke to the debt collection agency, asked for the credit agreement and agreed to pay back £50 a month whilst they arranged it to stop any bailiffs calling around. A couple…
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Friday 23rd Oct - 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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capquest collection agency
Hi guys, wondering if anyone can help. Over the last couple of months iv been sorting my credit file out, with some great success so far. My problem is that i contacted capquest collection agency regarding a debt of £192 making a offer of full and final settlement for 50%. The debt was old and only had a few months to go…
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Do people cut up credit cards?
Hi all, Do people cut credit cards up? I know that sounds naïve, but I have 300 on a card, but want to get rid of it. I am in debt by 7000, is it better just to budget your actual salary? People say that if you use your credit card it can rebuilt a credit rating. I wont be debt free for a couple years yet, so is it worth…
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what is a YNAB?
Hi, I'm just reading notes, people mention a YNAB. What is it?
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I am an idiot.. I need a good talking to!
Hi All, I am an idiot. I got myself into payday loan hell a few years ago. I am on a DMP with stepchange who are really fab. I was offer a credit card from vanquis, and had a limit of 300. I have since maxed this out. Due to money struggles and a really bad credit score, I have taken out 3 payday loans of 80, 100, and 120.…
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Notice to all "Sealed pot Challenge" members - to others wishing to join us also!
Reminder to all "Sealed pot Challenge" members For those who appear to have forgotten....... The "Sealed Pot Challenge 8" has now ended - on the the 5th November so it's now time to declare your savings!!! :j Hi all, it's NEARLY that time of year again!! :j Whether it's a little or a lot, it's money YOU SAVED that would…
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£50k gambling debt..
Hi all, I`m new here so be good to me, please. I just hope this story can help someone maybe before its to late. This is quite a long story but I would feel better telling the whole one rather than just bits. I have a partner and a little boy of nearly 2 years old. We have our own place but rent it from the council at the…
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Sell house to Pay off Debt and Rent short term.
Hi all New member here with a bit of complicated question. Any help would be greatly appreciated. We are considering selling our current out to pay off a relatively large amount of debt in order to give our credit rating a clean slate so to speak. We then plan on renting for a period of 12 months while we save up a deposit…
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I don't know where my money goes?
I am wasting money, but I dont know where. I have just done my SOA and have guessed at my food, child expenditure as I dont really know what I spend. I don't keep track. As you can see, on paper, I have surplus money, but in reality I don't. What do you do to keep track? Statement of Affairs and Personal Balance Sheet…
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Robinson Way
Hi All, So got a letter from Robinson Way this morning courtesy of my old landlord. The letter seems a standard phishing letter: Previous Address: XXX We wanted to write to you at the previous address noted above, but have been provided this as a new contact address. Etc. The old address is 2.5 years ago, I have no debts…
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Thursday 22 Oct - 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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Template letters
Hi Just wondering if there anyone could point me in the right direction for template letters? I'm trying to have interest reduced and late fees stopped/reduced. Many thanks
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Get it off your chest here!!
I just thought a thread to mop up all of the day's little random frustrations might help! So here's mine. ARGH - October has been such a long month. I was temping and being paid weekly during August and September and got quite used to weekly wages. Then in the third week of sept I moved to a perm position and was told that…
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Is it a good idea to encourage creditors to default me?
Hi, First post but been a lurker for ages! I'm gettig to grips with my debts and have been on a self-managed DMP since the start of this year. My debts are coming down slowly but my main issue is that none of my creditors have defaulted me yet (all have arrangement to pay markers showing on my credit file). At this rate…
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New job = more going out than coming in
Sorry if this is in the wrong place, wasn't sure where to put it. I'm working in a dead end job at the moment which I hate, currently off on 2 weeks sick through stress! I'm only 23. Spoke to my Dad and he's going to try and get me on with a contractor through his company. Assuming I get an interview + offer, I will start…
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LA Fitness and ARC Europe chasing
I first came to LA Fitness when I was 16. I could hardly speak English and the manager there just told me like "it would be 30 pounds per month, just give me your details and sign it", so I didn't even know it's a 12 months contract. I realize it's my mistake, however, I was too young to think about these shady details of…
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Soa
Morning. I'm not in a good place at all just now. I'm in receipt of £210 pw State Pension/Pension Credit along with £109 pm lifetime annuity. Without an exhaustive SOA, my major debts are as follows: Mortgage ... £17,000 Halifax CC ... £3000 Barclays CC ... £3000 Debenhams ... £300 Halifax OD ... £1000 Outgoings (pm)…
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Advice on current situation
Hiya All, I have a few debts on cards etc that I have arrangements in place for This has helped me reduce my debts down by £17000 to £8000 remaining Last night I was informed that each family member would be receiving a lump sum gift for Xmas, this would enable me to pay all of the remaining off especially if they were…
