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Sudden Spike in Debt - Options?
[FONT=Calibri,Arial,Helvetica,sans-serif]We are looking for some advice surrounding a remortgage/additional borrowing on the back of an (expensive) wedding and several untimely costly car/house repairs if this is something you may be able to offer advice on. [/FONT][FONT=Calibri,Arial,Helvetica,sans-serif] We have accrued…
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Mortgage Free Plan
So, I checked with the mortgage company how much it would cost to repay my mortgage in 5 years. I'd have to pay an exercise £657 a month. Our mortgage rate is 2.54%. However - If I put that amount in to my Santander savings account I'd earn 3% interest. So surely I'd be better off putting my money in to my Santander…
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County Court Claim for Guarantor :(
I wondered if anyone could help with this... Used to have a ltd company that purchased some computer equipment via lease purchase, to which I gave a personal guarantee. The initial finance amount was £6772.50 including vat. My ltd company became insolvent and ceased trading. I continued to make payments as much as I could,…
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Budgeting for holiday / special days out
hi Folks, Looking for some gems of advice on budgeting for holidays / special days out. I've realised that I never budget enough for these, so always feel short and watching the pennies which sort of ruins my enjoyment of the day. So for next year's 6 weeks of summer, I am resolved to save more so we have some £££ to enjoy…
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Vodafone & Zinc problems
Hello, I was wondering if anyone could help me out here as I am in bit of a pickle. Before all this, I was in debt with Vodafone at one occasion (forgot to pay off the rest of my bills before cancellation) they did send me a letter themselves about this and this was sorted with Fredrickson and was paid off pretty quickly.…
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Stepchange
Good morning everyone, After working out the value of my debt last night (13k!!:eek:) and a completely restless sleep, I decided this morning to contact Stepchange to help me manage my debt, they have confirmed that a pack is on the way to me. I was just wondering if I should keep making payments until the plan is set up…
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CCJ enforcement questions
Hi! We have been in debt for over 7 years now. Luckily, a lot of the debt is either already statute barred or is close to becoming. Me and husband have both just looked at our credit files and our debts (that were well over £15k) are coming down! The most worrying now are 3 ccjs which we have. Husband has 2 of £300 and…
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How long for a default to appear on credit file
Hi everyone Hope someone can help with this. I've been on a DMP since 2007, due to be paid off next year. One of my debts is with Tesco Credit cards but 2 weeks ago Tesco sent a letter to say it had been sold to HPH and managed by Robinson Way, a second letter arrived last week from Robinson Way saying the same. My…
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Barclaycard debt interest freeze: advice plz!!
Hi I have £11,000 worth of barclaycard debt currently and due to only being able to make minimum payments (which I'm going to start struggling with due to ill health) I wrote to them with my financial status, asked them to freeze the interest on the debt and offered to pay £200 per month towards the total amount. I have…
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Hmrc want 2.3k help please!
Hi all I'm December 2015 I bought my first house and my girlfriend and her daughter moved in with me, previously they were renting off the council and I was living with my parents. She was recieving working tax credits before we moved in together. Two weeks before the move date she notified Hmrc that we would be moving in…
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Newbie needs help
Hi there, I have been running a dmp since 2012 and I can see light at the end of the tunnel. What I would like to know is, I have a number of catalogs, credit cards and the like on my dmp. What is best plan for these accounts once I hit the finishing line? Should I cancel all accounts or is it best to keep some going.…
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Adding categories to accounts
Hi, I am looking for savings or current accounts that allow you to add a category to the account, e.g. car or holiday etc. I used to do this many years ago with ING savings accounts and had several set up online - it worked for me.... Wondering if anyone is using something which lets them do this!? Thank you! S
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Final Demand, Moriarty Law. Need advice
Bit of a back story, was a stupid 18 year old and got into debt up to the age of 21 and could not afford any repayments, Some have now been wrote off & settled. I'm now 25 I have not had contact or made any payments to Moriarty Law but i received a letter saying final demand and referenced a letter from 2014? I don't…
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Looking to clear debt & get a mortgage!
Hi, first time poster. At the current moment, I'm banking with Santander, got a credit card with them, with around £3,000 on it, I also have a Barclay Card with around £500 on it, the latter will be cleared this pay, and the Santander will be cleared by the end of the year. My credit rating has never been the best. I've…
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What Small Debt Free Wanabee things will you do this week? w/c 15th August
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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Am I in a good financial position?
Hi All, I was wondering if I could have some objective opinions about my financial position and what you think my priorities should be. I worry so much about finance, having grown up around debt, and I am terrified of either losing what I have or being in a position where I'd have nothing. In short, - I'm 29, earn about…
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Am I doing the right thing?
I decided to add a sig for a bit of motivation and read through my previous posts on the forum. I had planned and intended to be debt free by August 2016. I'm not . I do have more of an emergency fund than I'd expected to have by now and I could of course clear the rest of the debt and have less of an emergency fund but A)…
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A little help..
When I was 20 I had default issued on my account for a total of £120 for not paying a gym membership that was £13.99. I remember the bank manager ringing me saying if I did not pay the £13.99 and the bank charges for the money not being in there on top of that, I that my account would default and when I am in my mid…
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£625 debt from £9.99 OD, please help!
Please help ! I know I have buried my head in the sand for a long time but I am slowly sorting it all out... Originally I got the Santander acc from there £100 offer to switch accounts but never made the swap as I didn't have 2 DD at the time so wouldn't have got the money so opened the account and never used it. In Oct…
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Help and advice needed
Hi all, I'm really looking for advice. I am on a debt management plan with Stepchange. I have taken out additional credit with uncle buck for £325 and provident £250 because of car and household costs that were unexpected. I am really worried as I keep getting into more debt. I stupidly gambled online to try and get some…
