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HALP! Marine-Finance Woes and Debt Consolidation
Hi all! Quick summary of our situation, advice greatly appreciated. We own a narrowboat estimated at £38,000. We want to buy a boat costing £45,000. My boyfriend has an annual wage of £35,000. He has debt of around £28,000 spread across credit cards with varying APR. (We're currently doing the shuffle to reduce the cost of…
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I need to budget
I cut down to part time working 7 years ago now as I chose to be around more while my little girl was small & to work around my Hubbys long shifts etc. So my pay took a big hit. I basically just kept on spending etc we haven't saved etc. It isn't too bad though. Looked at all my finances last week, and got a very low rate…
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does your partner know about all of your debt?
Despite being well into my debt free journey, debt and talking about debt still seems to be the elephant in the room in our house. I deal with all of the finances and debt payments etc. My wife is on board and doesn't spend/sabotage etc but she is quite happy to leave it to me sort it out ( she does input financially…
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Debt Problem With My Ex
Hi I don't know if this is the right section of this forum to post this thread so apologies if it's wrong. I'll start from the beginning and tell my story, I'm not looking for sympathy or a dressing down, I know I've done wrong but I am trying to sort it the very best I can. I have a very severe gambling problem and I am…
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Treading water and never getting anywhere!
Hi I'd be really grateful for any outside perspective on our situation. I have a good job, earn 35k and my DH has his own company and draws about the same in salary. We have an ok lifestyle, dont want for anything in particular and have been saving for the last few years to buy a house. We had about 8k saved and then I…
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Contractor, Ltd - unpaid tax, bailiff hand delivered letter
Hello, new here so please be gentle with me - perhaps someone can advise? I have been contracting for a while but have not paid any tax, despite my accountant reminders every year. I got home today to find a hand delivered letter from a Debt Management Company (won't state the name here) heading on the right and HM Revenue…
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Moving from managed DMP to self managed DMP
Hello everyone, I am currently in DMP with Payplan with just under a year remaining of a 5 year plan. I would like to self manage and was wondering if anyone had done this. Just curious about if my creditors would accept the same payments as they currently do through Payplan and also how get bank details from them to set…
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Vanquis Debt with DLC (Hillesden)
Hello all, I posted a while ago regarding a credit card debt my partner had run up over a few years this defaulted back in October last year which I found out about months after. She started to receive letters from a company called DLC(Hillesdon Securities) First letter went along the lines of "We are a debt collection…
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Contact from Creditor
Ive been on a DMP with Stepchange since 2012, I had four creditors totalling 20K Over the years I have managed to pay three of them off accept this last one and I really can't afford to. I have received a letter last week saying they want a payment within 14 days or they MAY take further action. I have sent a copy of the…
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Stuck in a nightmare.
Hi, I'd appreciate your advice. I currently owe the rate collection agency approx £2000. ( live in N Ireland) I have paid at least that to them already was totally head in the sand mode I feel so stupid ...my mum is mentally ill and lives in my house and didn't pay the rates... They are in my name as I'm the…
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F&F Settlement Negotiation Advice
Hi all, DH has an outstanding default that has been with a DCA since 2014. The debt is from late 2011 and is for an overdraft. The total amount is £1086.60. No payment has been made since the default date. I wrote to the DCA on his behalf offering a F&F of 30% with the National Debtline template as a relative of his has…
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Disappointed with Payplan at the end of my DMP
so 10 years and 20k later I've just made the final payments to my creditors and its feels awesome :beer::beer::beer: Very disappointed with Payplan as I've neared the end of my plan though. I contacted them three months ago so say I'm nearing the end and could they let me know what my final payments would be etc......I've…
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How do you manage to stress of debt?
Hi, I am now well into my debt free journey. I have a budget and am able to make decent over payments towards my debt... but I still feel stressed and overwhelmed!! I feel like it's on my mind 24/7. I am constantly thinking about money and payments etc. How do others manage this? I just want to get to a point where I can…
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First post - Overdraft
Hello, Just joined, this is my first post. I'm not in a mountain of debt, and before my husband lost his job we had a good handle on it but I can feel it getting worse and worse the longer it takes him to find a job. We have a lot less money spare to put towards debt & the main problem is my overdraft. If I didn't have an…
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What small dfw things will you do this week? Monday 12th Sept
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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DMP vs IVA: pros and cons?
Hi all! Total forum newbie here. I'm just trying to get my head around the possible options that I have re: managing my debts. My current situation is that I have two unsecured personal loans and 4 credit cards and an overdraft that all together make me just over £25k in debt. I also have a car through a hire purchase…
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Wanna Be Debt Free
Hey guys, So I think I am in around £16,000 debt and need to do something about it. Any tips - help me :) !! I live in London where rent is an absolute fortune and everything costs a lot. My debt has accumulated over around 6 years but mainly in the past 2 years. I have NO idea what I spend all my money on but it's…
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Paying off Student Loan ideas.
It's been 10 years since I finished university, and in that time I've never looked at my student payments over the last 10 years. So what did I get up to on Friday evening? I ... - sorted in date order all my payslips from 2006 to my most recent one, August 2016. - sorted in date order all my P60's since 2006 - cross…
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Barclays have sold my debt to Cabot
I don't mind. Barclays sold my debt to one company, who sold it to another, Barclays then bought it back again and have now sold it to Cabot. However, I came to an arrangement with Barclays - and others - 8 years ago when I had a heart problem and began to claim Pension Credit, and have made the small regular payments ever…
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possible debt problems, not to blame
Hi all, looking for advice on this one , I ordered a sim card from talkmobile , but never even popped it out of the card as I got a better offer from another mobile company. I phoned talkmobile a few days later and told them , even offering to send sim back to them , was advised no need to return sim and as long as I…
