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Can you transfer overdraft balances?
Hi, I am a graduate interested in becoming debt free! Currently I am in my over draft and have a balance transfer card (1 step in the right direction, I know). I'm living in my overdraft and can't seem to get out!! Is it possible to transfer an overdraft to a balance transfer card and is this a sensible thing to do? Anyone…
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one debt fully paid
Yay in a round about way! it has been cleared. My old bank had a habbit of charging interest on the overdraft that was being paid back through Stepchange, stopping it, and then when I went back in to check where the balance was, they would then start charging me again. I sort of noticed a pattern, and so stopped going in,…
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Facing the facts- as frightening as they are
So firstly I best apologise as this is fairly long post but I think it's time I took the time to spell out, more to myself, the situation I've gotten myself in. I'm 24 years old and ever since I can remember I have been absolutely pants at managing my finances, every time money lands into my bank account I feel the need to…
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New Year - New Start - Advice on current debt management
Hi After a very difficult year (2016) I am in a place to approach my mounting debt. I have started the year by being in the position that I actually know now what I owe - £28k. That was a productive New Years Eve.... And also an eye-opener. I spent the next few days ringing up card companies, checking interest rates, dates…
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Debt Advice
I wonder if someone could advise me.. About 14 years ago I took out a joint account with an ex boyfriend, we have now been split for about 13 years however today I received a letter in the post addressed to me and my ex. To cut a long story short, the account was over the overdraft so I agreed with the bank to pay back…
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HELP! Property Debt Collection (Ground rent) - do we have to pay them?
Hi, Just wondering if anyone can help... We have received a letter from PDC today to say that our debt has been passed onto them. The debt is for service charge on our flat which we own... we originally owed the leaseholders £567 however PDC have added on charges totalling almost £300. We admit that we owe the original…
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Help with linked financial institutions as new bank account needed.
Hi. We currently are on a DMP and have been with Norwich and Peterborough Building Society for several years for our banking services. It was announced yesterday that the account we have will be closed at the end of August as they are no longer offering current accounts, this is happening to all N&P customers. We need to…
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Being chased for a debt that isn't mine
Hello everyone I'm looking for some advice regarding a letter I've received from 'Debt Managers (Services) Ltd' claiming they purchased a debt of £149.50 owed to Next Directory. No further info or dates, just the amount, creditor (Next) and reference numbers. This letter follows on from one I received a week ago, asking if…
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Just found out about the wifes debt
Hello, Looking for some guidance, a little background so you can understand my sentiments, from 2006 to 2013 I built up a debt over just over £80,000, the majority of this on credit cards because we have five attempts with a private clinic at IVF, they all failed and the total debt consisted of approx. £3/4K I had…
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Debt advice
Hello I was wondering if I could get some advice. Background - Following the loss of a company, home, girlfriend and illness, I found myself in a huge amount of debt. Thankfully, I've taken control of the situation and I am now paying this off and I'm back in control of things. It hasn't been easy but it is liberating.…
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Balance transfer CC - Now charged interest
Hi all, I'm just posting on here to see if there is anything I can do about a situation I got myself into. I applied & got accepted for a 0% interest for 3 years credit card nearly a year ago. Everything was going well & I was making the regular payments for it but stupidly hadn't set up the direct debit for payment. So it…
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is my debt statute barred ?
hi I opened a student account in Santander with £1000 overdraft on Sep/2010. that account was closed by Santander in October and requested to pay back that overdraft. I moved out from the address they had. I recently requested a copy of my credit report from Experian then I received a letter that I need to contact them,…
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NRAM & other debts - 3 letter system
Hi all, I am asking on behalf of my partner. A number of years ago (8 I think) he defaulted on his mortgage with northern rock and had his house reclaimed. The house was sold and the outstanding debt has been put on his file. Is there anyway we can 3 letter NRAM to get this debt written off? We have been trying to save up…
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Stepchange debt remedy questions
Hi, I wanted to ask a quick question. I did stepchange debt remedy last night and it recommended a token payment plan, which is great. I just wanted to know what your thoughts are, as I didn't put anything in for prescriptions or dental etc, but obviously these need to be budgeted for. Is it best to put down what they…
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Debt Collection Agency Offering a Discount.
hello, please i need some advice. last week i have received a letter from debt collection , telling me that they are currently managing a debt i have worth( £13000 ) It was basically a loan from lloyds bank in 2009 and i was pay £10 a month and i never miss any payment with them. However, the letter it says we can give you…
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What is the best way forward
So here is the issue We have a mortgage at 3.7%, 2 years to go until remortage is due (7 years in total until the mortgage is paid off) With early redemption if we pay it off now £55K, Property value now £230 - £235K, Im the youngest in our realationship but close to 60. Currently we have debts of £30K :eek::o(credit cards…
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How do I get out of this?
Hi everyone, Long story short I've gotten myself into debt that I'm struggling to see a way out. Basically when I was a student I was lured into taking a £2000 overdraft (which I totally forgot about until now, very stupid of me I know!) and 2 years ago when my Dad had cancer I used credit cards to help my Mum and Dad out…
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Attachment Of Earnings Discharged
Hi all, Longtime since I have been on here and would like some information please. I had an attachment of earnings applied to me a couple of years ago, and i have been bouncing from employer to employer (that changes next week!), just before Christmas I had a letter asking for an income and expenditures form to complete…
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Support groups/resources in changing attitude to money?
Hi all, I'm a long time lurker in the forum, but have set myself a resolution for 2017 to really get a grip on my poor relationship with, and attitude to, money. I'm very pleased that the money and mental health links are being made and research being done, and I follow the new Money & Mental Health thinktank. I have…
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SOA advice please
Hi I'm new today and need a bit of help please. I have over £10k of debt and need to start sorting it out. I think my only options are DRO or BR. I'm trying to do my SOA. I've had a terrible 18 months health wise and would love to take a little break later in the year, is this something I am allowed to account for? I just…
