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Debt Advice- SOA Posted
Hi all not posted on MSE in a while. Finally facing up to the finances. Our school holidays end on Monday in our part of Scotland- wife and I will be back at work.I am a teacher in a management role and wife teaches two days a week having come back from two maternity leaves in quick succession. I suppose this is where our…
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Ignore the letter?
Hi, I was mis-sold a loan in my late teens (approx. 2005/2006) by Co-Op... I was earning £500 a month part time, paying £200 a month car insurance, another loan at £100 and they sold me a loan one day when I rang to check my balance, that I ended up increasing from £1500 to £7500 with them (it was sold to me in a sense of…
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full and final settlements
If I have approx. 30% of outstanding balances to offer as full and final settlement do I just offer each creditor 30%of the balance outstanding to them. Thanks for any help
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consumer information office
I've received a letter from the consumer information office today asking me to ring them. The letter says we may be entitles to return of charges paid by ourselves due to a high court ruling does anyone have any idea what this is. Many thanks
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Nationwide Default Confusion
Hi all, Looking for a little bit of advice/reassurance please! I'm on a DMP and received a letter from Nationwide this morning regarding my credit card, it's a copy of a letter sent to PayPlan. It basically says thank you for your offer of £41.55 a month, please continue to make payments however due to the amount of time…
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Sat 13/Sun 14 August - What small DFW things will you do this 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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For all you scared folks out there, in debt - my story.
Ok. Long story, bear with! At the age of 22 (many moons ago - 1987) bought my first house with my then fianc!. No credit checks in those days, all you needed was three months worth of bank statements and wageslips to get a mortgage! A year later, got married, had our first child, and were very happy. Lived hand to mouth,…
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Welcome finance/lowells debt
Hi everyone, I am hoping someone can offer some advice on my current situation. Apologies in advance for it being long winded! Ten years ago me and my ex partner took out a 13k secured loan with welcome finance, after we seperated I was left to pay this as I took on the house and fell into financial difficulties. The loan…
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Gas usage!
If I am posting in the wrong place - forgive me :0) I have been chatting to my supplier today and I've discovered that I spend £50 a month on gas (I'm with my cheapest supplier). I do take a lot of baths; every day. Is it cheaper to get a shower instead maybe.. Anyone have any idea how much I could save? Thank you!
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Breach of personal info?
Hello! Not sure where to post this so will ask here! I had a council tax debt with a bailiff and was paying monthly. A few months ago he called my ex partner and father of my baby in error asking to speak to me. He then divulged info to my partner about the fact I had paid a day late etc. This caused an almighty argument…
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Debt be managed vs Debt being sold on
So like a lot of you i got a letter today say Westcot is going to be managing one my debts for Santander. I was wondering what give Santander the right to get a third party involved? My Debt is with them and no one else, also why can a lender sell a debt? If they think they can't get the money back/ it's not worth it to…
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Attachment of Earning order - address unknown
Hi, I hope someone can help me please. I successfully pursued my tenant through the courts for unpaid rent/damage. The tenant has now relocated and has stopped making monthly payments. I would like to issue an attachment of earnings order but I don't have an address for the tenant. I know the courts send the balliffs to…
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creditors not sent me info on where to send payments
Hi, I recently used the info pack from stepchange to write to the 4 companies I owe money to to arrange reduced payments on defaulted accounts (change of work circumstances/family breakdown) and used their letter templates and included everything they advised. Ive had letters back from all 4 companies but none have said…
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Friday 12th August - what 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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Partial settlement/benefits advice
I'm helping a family member who took a secured loan in 2004, they haven't made payments since 2013 and the company are pushing for a court appearance, just over £17,000 o/s including their ridiculous £50pm default as well as numerous other charges. The original loan was £15,000. After speaking to a debt charity equity…
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Stepchange question
Good Evening, Hoping someone can answer a quick question. I have been on a DMP with Stepchange for a few years now with a monthly payment of £61 toward my debt which stands around 7k. Its a constant struggle to keep my head above water, im hoping thing will improve now my youngest child is at an age which enables my wife…
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New House, Old Tenants Debt and Item Issues
Hi everybody We moved into our new house a month ago and it turns out the previous owners were in debt to numerous company's, we are receiving lots of letters (haven't opened them, just googled the return address) they haven't even put a mail re-direction in place, however, we paid a couple of thousand more when buying the…
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"Can't pay - we'll take it away" - goods belonging to another householder
Low-quality television programme "Can't pay, we'll take it away" popped up as I channel-hopped. It features bailiffs collecting debt, armed with High Court judgments. It is a wonder how it's popular viewing but presumably it is. It looks almost as boring as television programmes about hospitals, which apparently are…
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I want to be debt free by 2017
I have set a goal to be debt free by the end of 2017, being in debt has cause me a great deal of suffering and pain. I can't wait to be debt free. What a joyous :j feeling that will be.
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Stepchange DMP or Arrange Reduced Payments myself?
My income has not been as high as previously due to lower sales on my online Tarot reading business (I have not been able to commit to as much marketing etc due to my worsening health). Therefore, I could see that I would be struggling to make the minimum payments on my debts each month - with just the monthly income I…
