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That time of year.....beware the spending trap!
Nope, not the usual Christmas spends - if you don't have those under control by now, it's rather too late. I'm talking about the "December pay trap" - you know the one, rather than being paid on the last day of the month, or the 28th, "because it's Christmas" your company set up the pay run early - anything from 10 days…
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Paying Off Debt
In January my wife and I will be in a position to pay off all our debt (30k+) minus our mortgage. This will mostly be paying off Credit Cards. The aim being to be in a position, credit score and affordability wise, to downsize our property and apply for a new mortgage. Is there a right or wrong way to do this? ie should we…
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1 Debt Down, 2 to Go!
I took a loan with my parents in January this year for £9,000 and today I made my last payment :) :T Two more credit cards remaining to pay off and then it's over! Roll on April :j I hope this post inspires people to continue paying their debt, it WILL be worth all the effort and sacrifice to feel liberation from debt :D
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Can i ever be debt free?
Hi I am new to the forum, apprehensive to be here but most importantly I am a compulsive spender. I would really appreciate some advice as to how to move forward and maybe, just maybe become debt free. If its OK with you I would like to give you a brief overview of me, my circumstances and what I hope to achieve. I am 49,…
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Huge amounts of debt, advice on DMP needed
Hi All, A couple of months ago my wife dropped a bombshell that she had hidden around 50k of credit card debt from me. She had been juggling the minimum payment, but after we had our daughter her funds depleted and she had to fess up. I also have around 50k of debt on Unsecured Loans which I was using to renovate our home.…
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Time to get out of Payday Loan Hell
So being inspired by people reclaiming money, ive decided i will go and help my credit file out, i currently have around 4-7 defaults on my account which is affecting me still from 2011-2013 and with callcredits ability to see it all, is very annoying. the companies i owe money to still (rough figures) 247Moneybox - £240…
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PayPlan DMP needs to GO!!!!
We have £21k worth of a Dept management plan and we need it gone! I've read somewhere you can offer a lump sum to each creditor which can be as low as 30p to the pound. Its that correct and are there any letter templates i could use? Thanks
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Wescot have no record of my account
Hello, I've been paying wescot credit services £10 per month by direct debit for a few years now. The debt amount was over £2k so it definitely won't be paid off yet, but I recently emailed them to see how much was still outstanding, and they replied that they couldn't find a record of me! They said they needed more…
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snowball
been using 'whats the cost' snowball for years but seems to have given up on me. Won't take any transactions on so it's useless. I set up a new snowball and still not working. Tried it for euros as well as £'s and still not working. Anyone else having issues or could tell me another site I can use. Thanks :o
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lowell portfolio - bw legal
Hi I am new here so I may be in the wrong place ( not very good on here ) I am having great massive problems with Lowell portfolio - bw legal , Lowell are chasing me for a debt which has now gone to bw legal, who have now taken out a ccj against me, I have written to both companys for a original contract with my signature.…
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Daniels silverman court action
Hi, I found this site after stumbling on a similar post, which I am not allowed to link to as a new member, about Daniels Silverman threatening to take legal action for a parking ticket debt. I signed up for a 12 month gym member subscription, and was told at the time that my contract would automatically expire after the…
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Direct Earnings Attachment (DEA) from DWP
Hi there, Thought this might be the place to ask! I was underpaid last month by a considerable amount (right before Christmas!) for seemingly no reason. As it turned out I had owed the DWP around £38 from many years ago and they had set up a DEA with my employer. This would be fine, except they did not deduct £38 from my…
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Statute barred debt
Hi question ref Statute barred debt. In May this year I was sent a county court claim from 'Howard Cohen & co. Solicitors' acting on behalf of 'Hoist Portfolio' who are acting on behalf of 'Barclaycard'. I sent the defence part back with the Statute barred letter, because I believe that this letter is over 6 years old. I…
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Full year of every penny counted - My Annual SOA and new Balances
What an eye openner! Since my LBM in Feb 2015, I've kept such a good record this year, that I am now able to post a SOA actual for the entire year. I've presented below my SOA for the year, with balance sheet sections at the start and end of the year. My December spend / end balance is projected, but I'm fairly confident…
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comparing myself to others.
Hi folks, My wife and I had our LBM a few months ago. 10 years of indiscriminate spending, plus a few big life events has led to the ugly figure of 47k unsecured debts. We have made a real effort since August to reign it in. Debts have been moved to low or 0% and we have drastically overhauled our spending and and we are…
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DWP alleged Over payment from 2003
Hi i,m looking for advice i hope i choose the correct forum ( i'm new to this ) The DWP have contacted me saying i owe them £1322.21 from an over payment of benefit back in 2004. I received a similar letter 2 yrs ago, i rang them and requested full details as i'm not aware of any over payment and such a huge sum i would…
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lowell letter of claim
Hi guys, I've worked so hard over the last 3 years to clear all my debts. However, there is one particular debt from 3 mobile ( default date July 2011) that i didn't pay. This was because I had a dispute with 3 mobile due o the poor service i received...hence the reason i terminated my contract ( the initial debt was only…
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Using bank card - help?!
I've set myself £25 a week budget for shopping for me and my little girl - I know it can be done as I've done it before. I'm terrible in the sense that whenever I need to buy anything I just used my card, I never ever have change on me. Would it be worth withdrawing £100 on pay day, and just use this to cover me until the…
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Reclaiming bank fees during times of hardship?
I read that it might be possible to reclaim bank fees if they've caused a snowball effect during a time of hardship, how likely am I to be able to reclaim fees, do you think? I have £1800 OD with Natwest that stopped being interest free just a few months ago. I forgot to pay into the account enough to cover interest, and…
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Cap Quest asking for info on debt thats not mine
Hi, Can anyone please tell me if this somewhat old info is still valid in terms of a prove it letter? https://forums.moneysavingexpert.com/discussion/2607247 Cap quest have sent my wife a demand for payment in regard to some goods purchased from a catalogue years ago (6+) by someone who stole her ID back then. I phoned…
