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£3k in Lloyds Debts - Wescot and Moorcroft calling - how to handle?
Hi, I'm 22, currently a student. My family has gone bankrupt around 3 years ago - my dad hid some huge debts, lost his job, me and my mum (cleaner) were forced to pay the rent and all the bills, including bills in arrears. I have used my credit card and my overdraft to cover this. Stupid I know! But I'm trying to fix it…
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How to make the most of a windfall and handle my last bits of debt
Hello all, I have recently reduced my debt from a terrifying £45k or thereabouts. It built up over nearly ten years worth of commission-based working, unsuccessful self-employment and illness. It then started to feed on itself and grow, like no-one warns you it can, so I ended up going backwards every month to service…
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SC Budget Form
Afternoon Peeps, I'm in the progress of reviewing my DMP but looking at SC's budget form where do I put something/somewhere for a 'very' small fund (£20) for holidays and a small fund for presents (£50). Thank you. I have never put down what I owe to family/friends am I ok to add that too? I was originally told I couldn't…
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Help Managing Debt and Funding a Wedding
I am looking to get married but have quite a lot of outstanding debt spread across 3 credit cards and I am trying to think of a managable plan moving forward. I currently have just under 15k of debt on credit cards which is broken down as follows: MBNA - £9,500 (0% interest) Tesco - £2,500 (0% interest) Halifax - £3000 I…
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Just need to unload this
I'm not new to the forum but wanted to keep a separate profile for this. I'm around £33k in debt, not including mortgage £34k Shared ownership, I can't get any more credit to switch credit cards - I have 4 at the moment on 0% balance transfers. We're spending £750 a month on paying debt, we live in our overdraft which…
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Overdraft Default Questions
Hi All, I have been on a dmp now (managed and now self managed) for 3 an a bit years. At the start of the dmp the debts were 7000 - tesco credit card 2000 - lloyds overdraft 750 - lloyds overdraft 1700 - argos card 1000 - lloyds loan they are now 821 - tesco 294 - lloyds 86 - lloyds 486 - argos 0 - lloyds loan Even before…
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Debt Consolidation
Any advice out there i have about £6700 in debt between a loan and a credit card ,basically 5 years plus to clear the amount .I have a good job and pay more than the mininum monthly payment i have consolidated with a loan allready! but looking to do this again.? I want to have one payment for everything but also need a car…
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Husband CCJ Help Please
Hello all, I'm helping out my husband with finances and trying to get debts shifted around to reduce interest. Credit wise- I have a good score and can get mainstream credit with no problem. I have just shifted a car loan to a 0% card and I will be in a position to pay this off by March, I took it out in October 2016. I…
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Unlawful CCJ?
Hi Everyone, I'm new to the forums so bear with me. I received a CCJ on 30/1/2015 from a debt company for owing to my bank (LlyodsTSB) around £1000. The thing is I was completely unaware of said debt, had never been served with anything and only found out after applying for credit and being denied. I then went on experian…
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Family member has taken out loans in my name! What can I do?
Hi everyone, I received a letter in the post from a company called debt managers. When I called them to find out what it was for they informed me it was a store card debt of £150. I had no idea what this was until they gave me the email address linked to the account which is a close family members. So it turns out this…
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Erasing credit card dept
Hi I'm sorry if this has been posted before, but advice or a link to advice would be great fully recieved. I'm trying to get me and my husband out of credit card debt. So far the credit cards are in his name (as he used to earn more than me). I have just got myself an interest free on balance transfer in my own name, so…
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Advice needed for reMortgage
After the sale of an inherited house, I have a lump sum. My husband is long term sick due to sudden total blindness. Our house is £260k and we owe £120k on it. Our mortgage cists us £1000 per month. Its killing us. We now have a lump sum which will reduce our mortgage amount. By half. BUT. AT 4.99% in our current NRAM…
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Full final payment
I'm on the mission to clear my debts. I have asked one of my collection agants if theey would take £800 for a debt that is £1120 as full and final payment. Which they have accepted. my question is on my report will this come up as a closed and satisfied account or will it still say I owe the rest? I do know it will stay on…
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debt repayment and lender responsibilities
Hi, im having an issue with a major bank regarding a debt repayment and im wondering if ive got case First of all, my question is based on legal responiblity and not moral responsibility (i.e. moral responsibility of repaying the debt). Ive got a few debts and I do all the admin myself (i.e. no debt management plan). The…
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Best credit report to use
Hi all, I'm sorting my debts out. I have been paying some off and got it down to £1900. I'm using noddle at the moment to check my report to help watch my debts go down. But is it the best one to use? I forgot about some of the debt or should I say burried my head in the sand. So I want my full credit report will noddle…
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Gambling has left me with nothing - Jan2017
After reading numerous threads on the forum I couldn't find one directly linked to my situation. I realise as a whole everyone on here has the same goal but I hope anybody in my situation may get a little comfort in reading this and realise they are not alone ... I live at home with my parents which at the age of 25…
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Have you borrowed money online? Payday loans, guarantor loans, doorstep loans
Hello everyone. I'm a researcher at Newcastle University and I'm looking to talk to people about their experiences of accessing and using short-term credit products online. Short-term credit products might include payday loans, guarantor loans or doorstep loans accessed online. These products could have been accessed via…
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Overdraft Problems
Hi all, I'm hoping anyone could give me some advice or guidance. I'm currently a primary school teacher earning around £28,000 a year however my finances are not good. I'm banking with HSBC and at the moment and I end the month just within my £3500 overdraft. I left university 5 years ago with a £1500 overdraft and I just…
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Business Rates Fraud
I used to live in the London Borough of Waltham forest until September 2012 but moved out afterwards after selling the property we lived in. In September 2016, I received a "Business Rates Bill" from Waltham Forest demanding payment of just over £19,000 for unpaid business rates between April 2014 to April 2016 in regards…
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Does a giftcard payment to Next count?
I currently have a small balance on my Next account (will be cleared this month) A couple of weeks ago I received the statement for January saying minimum payment is £17 I received some Next gift cards for Christmas so went online and paid £60 off my account using the giftcards. Does this count as me having made a payment…
