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Nearly Debt Free Last bit of Advice
Hi all, Hoping you can help. After a long time of paying of the debt through a DMP with Money Plus Group i am now in a position to potentially pay of the remainder with a lump sum. So here is where im at (Outstanding Debt) PRA Group (UK) Limited £854.96 Wescot Credit Services £179.31 Wescot Credit Services £1,581.80…
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How to come up with a plan to tackle debt?
Hi everyone! It's the end of the year and I've decided enough is enough - I'm fed up of feeling down about the debts I have and how its affecting me. So far, I have made a spreadsheet of what money I have coming in, what money goes out, and how much is left over. Unfortunately, I'm left with very little to pay more than…
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Received strange letter from Akinika debt recovery
Hi All, I hope I have posted this in the correct forum, please let me know if it needs moving. Yesterday we received a letter addressed to my wife from Akinika Debt Recovery. I can post a copy of the letter if required but the main text is as follows: Dear SURNAME We are attempting to contact our customer and have been…
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Taking that final step to DMP
I need help or advice as I am finding it extremely hard to take the final step to setting a DMP up with SC We are carrying a significant amount of debt which we were coping with until DH lost his job in October, since then he has only managed to find 3.5 days temporary work and although I have managed to pay all the debts…
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Advice on Statute barred
I got a debt with cabbot finance, I am paying 25 a month for it. It's a ccj debt (original creditor lloyds bank) that was enforced against me. They are chasing me for another debt (original creditor hsbc) which is now statute barred debt which is over 7 years old. I got proof that this statute barred. I need advice on what…
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Acceptable Debt...
Don't get me wrong I know debt isn't good and debt levels are relitive to the individuals circumstances.. but what do people think is acceptable debt. Like many on here I have debt, which is about 30% of my annual income... I wish it were lower but high rent and a significant number of defendants has meant I can't clear it…
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How long can a DMP last for ..
Got asked today how long can a DMP last for before you need to consider an alternative method like an IVA or even bankruptcy? Is there a maximum time an arrangement can last for?
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Ok - so who do I complain to? This is getting silly....
So this will get a bit long (sorry), but I'm both amused and slightly annoyed at this. Bear with me: Question: Who exactly can I complain to about a telecom debt that is alleged to be mine when a debt collector provides no proof that I actually own the debt Background: Back in 2013 a debt collector started pursuing me for…
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NRAM Together Mortgage – Should I push for Default?
I’m after some advice on my NRAM Together mortgage. I entered a DMP around 5 years ago, and most of my creditors marked my accounts as defaulted, meaning they will start dropping off my credit file next year. However, NRAM did not default me and my credit report for them is marked as “late payment”. My current arrangement…
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Problems settling credit cards
Hi folks I'm looking for advice on how to approach credit card companies to get a full and final settlement as so far I've just faced roadblocks by them. A bit of background - I'm a.single parent to a son with additional needs and I suffer with bi-polar - I took out a credit card to set up in self employment to be there…
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subscription cancellation
Hi All, I signed up for a news letter for a yearly subscription and paid it in advance. now they are trying to auto renew it and saying if I don't pay it they can't cancel it . my argument is I haven't requested it to be renewed nor have received anything saying it will be renewed their is it was in my T&C to be fair for a…
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Debt from 8 years ago
Hello, A few years ago I found some really useful info on here regarding a debt letter that dropped through my door 7 years after I thought I'd paid it off. If my memory serves me correctly I'm sure the company I owed gave me a reduced payment which I cleared. They then contacted me 7 years later to ask for the rest! I…
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Data Protection
Hi all, I slapped Erudio with a Statute Barred letter by email. They have requested I confirm DoB, first line of address, and full name for Data Protection. Shall I send them this information? Am I in a world of hassle if I do? TIA! HBS x
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Natwest withdreawing direct as method of repayment
Had a letter from Natwest Debt Management Operations stating that they will be cancelling my direct debit from 31 December and new repayment method must be found. What can their reason be for this? I can only see this causing them more hassle. Why when someone has set up a repayment scheme do they need to arrange another…
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Best way to clear overdraft, please advice
I have an overdraft of £3, 250 that I am always in and am desperate to get out of. In the summer, I took out a 0% credit card and did a cash transfer from there to clear it, thinking this would be the best solution. But I stupidly kept the card on the account and now it's back up to it's max again. I'm so frustrated that I…
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What small DFW things will you do this week? w/c 12/12
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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Help with I&E please
My daughter is in temporary accommodation and has to fill in an income and expenditure before they will house her. She has a 2 year old daughter and a 10 month old son. She is solely on benefits and doesn't receive any money from the children's father so she certainly doesn't have much surplus. What we need help with is…
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Letter Before Action Letter - Home Insurance
Hello, My young family and I would be forever grateful if there is anyone in the know that could offer some advice. I have had a letter before claim come through from from a large national law firm. They are asking for 20k due to my 'negligence'. They have given no quantum to the money owed nor no evidence, just a story…
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£76k of gambling debt - starting to pay off
Hi all I currently have £76k of gambling debts - these are a mixture of credit cards, loans, payday loans and overdrafts. All of this debt is due to gambling and enough is enough. It's an addiction and one that I'm going to fight. December looks like every penny I have from my salary this month is going towards paying each…
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Advice on CCA 1974 - Previous Threads
Hi. I haven't been able to join the forum for quite some time and was hoping to trace some older threads about the Consumer Credit Act 1974 that I think are relevant to my circumstances. There was on long thread in particular in which Sourcrates had given some very clear advice about how to proceed where a creditor was…
