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How to strike a bargain with collectors - and my situation
I've got 3 accounts with Lowell Financial collection agency regarding 3 separate debts: a credit card debt of of £730, a phone debt of £150 and an unpaid loan of £620. Total debt is £1500. For the past three months, I moved from the UK and have been living in Canada at my Mum's working on a project which is currently not…
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Statute Barred Scotland
I know it's 5 years up here but is it from the date of default or the date payment was last made? I have a debt that I last paid in jul 2010 but this did not default until june 2011. Is it statute barred now or does it become statute barred in 5 months? I know it won't drop off the credit file until 6 years from default.
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Employer overpayments
Hi, My wife has recently discovered that her employer (a school, so by extension our local council) has made 3 months worth of overpayments totalling around £1500 after tax. When my wife went from full time to part time with maternity inbetween, the bursar did not contact the council to advise of the reduced hours. My wife…
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DMP/token payments
Hi I've done the debt remedy on step change and they suggest a DMP. But I did it based on what I'm hoping my income will be in March when my ex has to start paying child support. Should I do the token payment thing until I've got the child support money coming through? He stopped paying a couple of months ago and it's…
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Debt collectors call for someone else
Good evening all. I have a slightly different question on calls from debt collection agents. I've no problem debt myself (all payments always on time). However, I do get calls from various debt collectors, always asking for one of two people (same surname); I've never heard of them outside of these calls and as far as I am…
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which bank account?
wanting to open a basic bank account online as we are going to be starting up a DMP. which come recommended? cant have lloyds as we have debts with them we have barlcaycard debts so assume we cant have a barclays one either? hsbc says online applications are taking over a week - really wanting it sooner thank you
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DCA reporting to Credit Reference Agency
Hello everyone, apologies if this has already been answered but as of yet I am unable to find the answer I seek. When a debt collection agency "buys" a debt, what are the guidelines regarding the reporting of the account to the CRA's ? Is there an obligation for them to notify the CRA's that they have bought the debt or…
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Rossendales Baliff
Hi...I had a Rossendales bailiff come to my house looking for my daughter, I took a photo of the letter and sent it, it is for an unpaid parking fine on the roadside in Sheffield. She rang them and they upset her by insisting that she pay £105 weekly for 4 weeks, she cannot afford this.. She has previously sent them an…
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Dmp yearly review imminent
Sorry if I'm going over old ground, but can't find my previous posts. I have been paying just over £100 a month for the last 4 years on my dmp, and am happy with that . The dmp is for a number of years ( about another 7/8? I'll check later). Last year was the worst year I've ever had( mum dying / me in hospital twice with…
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Help please!! £25k in debt at 24
Hi all I am 24 and I am in serious trouble with my debts. In total, I owe around £25,000 which is made up of:- Natwest loan (parents took out for me) = £9900 - paying £188 per month over 5 years (4.9% interest) Natwest loan = £2,900 - paying £133 over 2 1/2 years (28% interest) 118 loan =£2,000 - paying £123 over 2 years…
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Overdraft Problem...
I currently bank with NatWest and I have an overdraft of £500 which I'm in every month without fail and I can't see a way out. I've looked at switching bank accounts and every bank says that the NatWest will be closed in the switching process and as a result the overdraft will need to be paid in full. Unfortunately I don't…
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Compile all bank accounts and cards
Many moons ago, there use to be a feature on egg money website which allowed you to setup and login all your bank accounts and cards on one page and see the balance etc. It also had the ability to allow you to login to those website in one click. Does anything like this exist any more? Thanks
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Payday Loan Query
Hi I have complained to 'Peachy Loans' about unfair affordability checks during my stupid phase of taking out multiple payday loans. I have their final response today. Apart from all of their speech about they acted fairly etc etc they have finished with this: Unfortunately, based on the above we are not able to uphold…
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Thursday 21st January - 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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Advice on Loan
Hi all, Took out a secured loan in 2006 with HFC Bank for 15 years £20.300 to clear all debts. I have just found out from paperwork that the Loan is now with Moorgate loan servicing for and on behalf of Sancopia Portfolios. Just wondering why HFC Bank would pass this loan on to another company as all the payments are up to…
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Is this debt statute barred ?
Letter arrived from Mortimer Clarke solicitors this morning. Letter dated 18 January 2016 It says they want to start court proceedings on a Capital One debt (client now called Cabot Financial. If I don't respond to letter they will issue claim to courts for a Judgement Order against me for the debt. They have added a…
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Keep shares or sell them to pay off credit card
So I have about £6k (7.25k) limit of CCard debt at 18% now, didn't quite get round to paying it off in time for the 0%. My credit (I think due to this) is not good enough to get another 0% card. Now, I have $16k (usd is intended) in shares. They're doing well, and I'm confident they'll keep going up, (they have been for…
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anyone trying to clear more than £30k debt
hello all just started my dairy on trying to clear my £43k of cc debt - anyone else with a similar large amount to tackle as it does feel a bit overwhelming. I know what seems like a large or small debt is totally dependent on individual circumstances but if any of you have a mountain of similar size and also have a diary…
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Payday Loan Minor Victory
Just a quick one, I have been writing to my payday loan lenders recently asking for refunds etc for unfair affordability checks etc. Just had an email back from 'MR Lender'. They have disputed all of the claims made by me but have agreed to write off the balance of £260 as a full and final settlement! I'm happy with that!…
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CCJ and credit report
Hi I'm new to the site and I'm after some advise. Apologies if I've posted this in the wrong place. I really want to get a mortgage in the next few years but I've recently had a CCJ added to my credit file. This was from a debt which had defaulted in 2008. They sent a few letters to my Dads address but I never received…
