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F&F Settlements when so close to the end?
Hello All My husband and I had £35.5k worth of debt. We have been repaying this for some years with stepchange, Paying in excess of £600 a month. We now have a total just shy of £6k and is due to clear in Sept/Oct this year. My mum has offered to help us with full and final settlements to the total of £3k but only if it…
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Amazing debt, where does it come from
Once the LBM has happened, once you live more efficiently, does anyone else wonder how on earth the debt arose? I'm recovering from £59k of debt. Paying off circa £1700k per month now. I know I've learned so many lessons from these boards, and had a total chainge of mindset, but surely, going from a deficit causing £59k to…
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Hi all
Hi all Been lurking on here for a while thought i would post Spent 15 years offshore had a great life enjoyed every minute of it. Then Boom 2015 150 of us laid off in one swoop and our world fell in. Managed to get a job with a small company back in UK but went from 50k a year to 24k a year that didn't work out then…
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Major Paypal Negative Balance - Serious
Hi I've messed up big time - earlier this year I was doing really well - had about 4000 in savings - but was suffering from extreme work related stress due to working in a team that was understaffed and having to take on extra work to the point it was about 70 hours a week (no overtime). I also had difficult stresses at…
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final role of the dice
I must have started about 3 or so I'm going to be debt free heres my plans over the years and each one has failed, for a 1001 reasons. After a long hard year, I helped nurse my father when he had cancer, he recovered from then they found secondary cancer, he lost his battle in May last yr, its 8 months to the day.... Me...…
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Full and final settlement help.
Hi all, Was just looking for some advice from people who may have previously offered a full and final settlement figure and had it accepted or maybe people who know more about it. So, I have £18,000 debt at the moment. £13500 to HSBC and £4500 to Hitachi Finance. I pay £304 per month to Stepchange to deal with this for me…
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Is this Right?
My partner recently got a court letter saying she had to pay a debt in full at the end of the month.After she had sent a letter in with her incomings and outgoings on it and offering them a monthly repayment When she rang the company obviously very upset because she has just come out of hospital and we havent got the kind…
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Asked for advice - so I've turned to you
Hello, A good friend has asked me for some advice, and I've not really much to offer in the way of sound advice, so I hope some of you can help me help him. For quite a while he was a money nightmare, always robbing Peter to pay Paul, finance companies chasing him for unpaid loans etc etc. Anyway, this last 2 or 3 years he…
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Council Tax Help!!!
Hi all, I've had problems at a couple of points in the year with regards to Council Tax arrears. Long story short, I had a liability order issued against me very early in the financial year, setup an arrangement, didn't stick to it, now currently 2 payments in arrears on the arrangement (yes I know, I should know…
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Advice Please - Using Pension Savings to Pay Debts?
Advice Please - Should we use Pension savings to Pay Debts? My husband and I have an age gap of almost 12 years. He will be 56 in April and has been saving into a private pension for some time. The majority of the pension is in the form of a managed ISA. We think that he may be able to take advantage of his pension now…
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LBM and some advice needed please :-)
Hi all :-) I have had my LBM several times in the past and still never moved to deal with everything. That has now changed and after my proper LBM I am now in the process of dealing with my debts. I am 32, a single parent to my 8 years old, disabled, working P/T school hours and studying through the OU for my degree which…
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Capquest Chasing Debt
Hello, I need some information on how to proceed with Capquest. They are chasing me for a debt I *may* owe for close to £1000. Not sure as thought all old debts were paid in full They have been bugging me for a few months. I asked them to prove debt and so far they have sent a credit agreement which does look like my…
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To reduce overdraft limit or not...
I posted this over on my diary page but thought I would ask here as well (apologies if you've now seen it twice) Looking for a quick bit of advice if anyone can help; Now things are getting on to an even keel and I am managing my money a lot better I was toying with the idea of reducing my overdraft. It is £900 at the…
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Removing satisfied defaults
Can anyonr help me, I know its a long shot but in trying to get 4 satisfied defaults removed from my credit file. All were for under £400 (3 for under £100) all paid in full August 2016 via Payplan. they are due to drop off 2018 and 2019 but in the mean time i cannot get a mortgage and privately renting is crippling us.…
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After some help
My partner and I have a mortgage together, and are looking to move into a bigger place this year. My partner doesn't work as she looks after our 2 children, so getting a job would be out of the question for her. She's got a credit card balance of £1000 with a few hundred overdraft on her debit card, whereas my only debt is…
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Full and final settlement question
Currently on a dmp with stepchange. I have paid off 35k and have just over 8k left to pay, ending july 2018. My marriage has broken down and i have been offered 5k from a friend to pay off dmp so i can sort the mortgage into my name. Do you think that they would accept 5k? In view of the fact that the dmp payments would…
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Fake letters?
Over the course of the last couple of weeks I've had several strange letters. The first one was saying that I had a debt and was asking for income details for myself and my partner but it didn't have an amount or who the the creditor was. The second letter said words to the effect of we have traced you from my previous…
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F & F Accepted - but a question
Hello, Just a question regarding an accepted F & F offer*. As my default is over 6 years there is no way at all they can do anything to get this back on my credit report is there? The default has dropped off with the credit agencies so I don't want anything negative back on there. Just a bit worried there is something they…
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Help
My partner has had a loan for coming up 10 years and it was for £20,000 I have only been with him for 8 years and this loan is now only down to £18,000 in 10 years crazy I know, this is holding us back from doing lots of things such as getting a place together and so on, he has a mortgage and has about £100,000 in equity,…
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template letter to creditor
Hi am looking for a template to send Vanquis offering a much lower rate of repayment and requesting interest stops. Does anyone have anything? It's for a woman I'm helping who has mental health issues and is on benefits. They have agreed £100 per fortnight - but out of her income this is a ridiculous amount and she is…
