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DIY or DMP?
If we go with a DMP company then we will need to change bank accounts as we have an overdraft and cc with the bank we have been with for 30+ years. If we contact the other cc lenders ourselves (we are up to date with all payments at the moment just can't stay up to date in the near future) could we continue payments with…
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OK first step taken
In a mess financially despite having a fairly well paid job and partner working. So have messaged stepchange and am hoping that they can explain what we need to do now to dig ourselves out of this pit. Am worried about the mortgage being affected and embarrassingly about the car as we need that for work. So far we are not…
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£10k at 29.9%
Hello All. My partner and I are in debt to the tune of £10k, on a credit card with an APR of 29.9% which were are just about able to meet the monthly payments. Aside from simply paying it off, is there anything else we should try? I read somewhere that it's worth calling the company and asking for the APR to be reduced. Is…
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A big, fat money waster - been sent over from the Old Style Saving board HELP!
Hi Everyone, I just posted this on Old Style Money Saving board and they directed me over here: Hi Everybody, I need to save £7k this year starting from today. We are a family of 5 - me, OH, DS1 (15) DS2 (10) and DD (6months) OH works full time and does a second job plus plays in two bands. I am on maternity leave…
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Sat 28th/Sun 29th/Mon 30th May - What small DFW things will you do this BH weekend?
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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Here To Help!
Hi, I spent many years building a business and never took holidays, during this time I found lots of ways to become financially free (not a millionaire by any means, but free!) I'm here to help and share any of the ways to sort difficulties, just give me a shout! :)
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CCA requests and DMP
This may have been answered elsewhere but, after extensive searching of the forum, I've not found the definitive answer to my particular situation and I would be very grateful for some advice on next steps. The situation goes like this: Three years ago I entered a DMP with PayPlan. I've ridden out the first few initially…
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Weird statute barred situation
I had a credit card in 2009 which went in to default very quickly, but in October 2010, Natwest took a chunk of my student loan from my savings account to cover it, which they then returned all but about £45 of, when I explained I needed it to pay rent. Does Natwest actively taking money without my consent count as me…
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Order to attend for questioning
Hi all Long post, apologies in advance... I have just received an Order to attend for questioning with regard to a CCJ issued in my absence in January this year. I received the paperwork for the original claim late last year at my old address. I informed the court that I had moved and was using a care of address as I was,…
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Very worried about my debts :(
Hello everyone. I apologise if this is not the correct forum, but wasn't sure where this should go. Some background on me - I have been divorced for a couple of years and moved out of our house, which I did receive some money out of which went to paying some existing debts and to be honest I wasn't careful with the rest…
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Friday 27th 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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£80k debt but not living in UK anymore
Hi, I would appreciate your advice. I left UK actually about 8 years ago and I have been trying to honestly service my debt from abroad without missing any payments. Cost is about £3500 every month, but my debt is not reducing at all. Now, my situation has changed dramatically and I need to move back home (Africa) and I…
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Is this the quickest way to become debt free?
So I m currently in about £4000 debt and paying £60 per months on a DMP! I have been reading about Full and Final settlement offers, I don t have a lump sum of cash available. Would it be possible to keep paying the £60 per month on a DMP, save up about 80% of the debt and offer to pay them on a full and final settlement…
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Insisting on CCJ
I unwittingly signed as guarantor on a loan for my partners business (he knew what I was signing but didn't tell me cos he knew I wouldn't sign) - I thought I was signing for a bank account as company secretary. I resigned only about 8 weeks afterwards. Until he was ill of course it was paid and I knew nothing about it but…
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Correcting a default date
Hi, Hoping for a little bit of advice. I’ve just checked my credit report on Noddle at noticed that the start date on one of my defaults is out of kilter with when I would’ve expected it to have occurred. I’ve been on a DMP with Payplan since June 2013. 3 of the accounts are with Natwest – one for a loan, one for a savings…
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Bristow and Sutor
Hi everyone just need a little advice. I recieved a letter off bs that they are in control of council tax debt in increments of £50 a week yes £50 lol so i phoned them told them my situation and because they said no i fell behind once again on this years ct already now i logged on their website agreed £100 a month online.…
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Unlawful Penalty Charges
Hi there, Apologies if this has already been answered somewhere, but I'm hoping someone can point me towards where I can read more on unlawful penalty charges on loans and credit cards? The only information I can seem to find relates to payday lenders. To summarise; when I was 18 I did the stupid thing of getting credit…
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help...is my debt statute barred?
I've recently been traced by an old creditor for a debt I had back in 2007. I had moved address and believed all my mail was forwarded. I've rang them today to say I that the debt is now statute barred but the guy said because I didn't give a forwarding address that's not the case. Please can anyone advise.
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20% Full & Final
Hi, PRA group have offered me 20% off my full and final balance when i offerd 51% What is a good way of offering them to increase their % ? My offer was based on : "I can confirm that I am unable to pay the money which I owe in full as I will soon be made redundant from my employer in June 2016. I have recently been unfit…
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I need to tell my husband we can't get a new mortgage.
Me and my husband got married in September, I carefully budgeted the whole thing but at the last minute some random things cropped up, about £800 worth of stuff. I put it on a credit card that I had to help rebuild my poor credit rating. I had just got a new work contract that should of bought in around £200 a month but it…
