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Free up equity
Hi all, My wife and I are currently jointly earning about £35,000 per annum and are subsequently constantly flat broke and have a debt of around £7,000 which we are struggling to pay bit by bit. However we have equity of around £200,000 on our house. Could we use this equity to clear our debt and have a bit of a nestegg…
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Budgeting on 4 weekly pay!
Evening, Hoping someone can give me some advice. I get paid monthly on the same date at the end of every month. Dh was weekly, he's just been changed to 4 weekly, i've checked the dates and this just confuses me as to budgetting! Some months his pay will be two weeks before the mortgage goes out etc. Our bills are spread…
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Stop me please
I really do think I have got a problem with spending money. I have been paying off nearly £30k in debt this year, making massive payments since sept towards it. However, I have been spending so much money in December and January and cannot stop, yet I am so close to being debt free at the end of this year :eek: I really…
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Some Advice Please
Evening all, I haven't logged in here for nearly four years, unfortunately I am back because my company went into administration and now I am unemployed with people chasing me for money. I ran my own company for 6yrs and although the reasons are complex we essentially grew too fast too quickly and with the market becoming…
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IVA Newbie
Hi, I have just been through the very initial stage of debt relief, where they have recommended a IVA , so that's scary in itself, but the thing that bothers me the most is contacting my creditors to advise that I need breathing space and cant make the minimum repayments. Does anyone have any suggestions, or the best way…
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S.o.a
Hello, its been some years since my last soa and my circumstances have changed. I have now been forced to take early retirement due to ill health (not ill health pension) My income has been drastically reduced. I really have cut back but would like people on here to see where I can cut back any further or offer any advice.…
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IVA question
Having already posted in the loan forum I have been pointed in the direction of this board. I have a debt total of around 10k and had been planning to get a loan to consolidate this with an easily affordable loan once my CCJ had dropped off (which happened this week) but it turns out I am not eligible due to my level of…
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Take home pay help
Chipping away at my debts nicely Up for annual budget with debt agency, every year I get the problem that I get bonuses and additional job money if the additional work is available , can never possibly give a totally accurate amount, it's just not possible,even feasible if not unlikely that I make any bonus at all, so I…
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3 year old 'final demand' for utilities bill
I sold a house with an ex, settled everything and moved back in with folks temporary. My mum told me she got a final demand letter (the first of any she's seen) saying I owe 90 quid on the old propertyt. I've been moved out, registered on electarol role for 3 years...So finding this suspicious. What is my best course of…
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Songs of Praise 8/1/17 13:15
Songs of praise has an article on BBC1 on 'those whose faith has brought freedom from spiralling debt' in 45 mins. Probably Christians against poverty. http://www.bbc.co.uk/programmes/b088s9g6
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Debt offer letter
Hi, I hope someone can help with what to do next. I have received an offer letter from a debt company to pay 33% of the debt. This amounts to £188. I was visiting my parents over the holidays and the letter says today is the last day to contact them. I do wish to accept this offer but am not sure how to continue or what to…
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Facing up to it
I've been part-owner of a small company for 20 years. We've been through a tough period in the last two years and for about 18 months myself and the other directors waived our salaries in order to continue paying the staff. Unfortunately this coincided for me with some unavoidable spending following a death in the family…
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How to object to charging order application?
Hi. I have read about this issue but I'm still in need of a little help and advice as I don't know where to turn. I'd be extremely grateful for any advice please. I defended claim but my defence failed and a judgement was entered against me with the order to pay (£8k) forthwith. I submitted a form (N245?) to request…
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Overpayment of Housing Benifits.
Good evening folks, After my last visit to the forums I decided I would not enter into a DMP but I would be more proactive in sorting my debts. I've emailed an ex employer who overpaid me in wages when I handed my notice in (genuine mistake). I have emailed them to let them know of my financial difficulties and that I…
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Default or what on my Credit File?
I have around 80k of unsecured gambling debts and I'm looking to start a DMP. I have around £2k per month to pay off this debt. I'm getting confused as to why people are saying it's a good thing if I get defaults early? Rather than Arranged Payment markers on my file? I'm a month or two behind my Credit Card payments and a…
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How much emergency fund?
Hi guys I have around 80k in unsecured debt with 16 creditors. I'm around a month or two behind on my minimum Credit Card payments and a week or so on all my loans. I've asked them all for 30 days while I set up a DMP. I have around £2,000 a month after expenses to pay off my debts - you're looking at over 3 years. My only…
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MIL collections chasing me
About 2 or 3 years ago my OH was in a car accident and we had a courtesy car for a while. When we took the car we were asked for a cheque for a fuel deposit only to be cashed in (or so we thought) if we happened to hand the car back empty of fuel (which we didn't). Anyway they unexpectedly cashed the cheque - or tried to.…
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Mobile phone insurance
Trying to cut costs and wondered what advise you would all advise I pay £6.49 a month for insurance for my iPhone 6 which I have had since new in September 2014 . Should I keep it going or cancel ?
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Advice for partner
Hello I am posting here looking for some advice I could then pass onto my partner. He currently has around £1000 worth of CC debt and is around £1000 into his overdraft. (Rough figures, but nothing more than that amount). He has been this way for a while so I think his credit score will be low, but I am going to show him…
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Credit card APR - re-negotiate?
Hi, has anyone ever rang up a credit card company and successfully re-negotiated a lower APR? You hear about people doing it with TV / telecomms so why not credit cards?...just an idea :D
