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Another argument about money
So it's months (maybe a year?) since I posted on here about our debt and nothing has really changed. We got a consolidation loan that bought us some breathing space but without any debt-busting it was just delaying the inevitable. I'm fed up of looking at our finances and wondering how to manage everything. I'm fed up of…
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DMP Question
Hi, I am looking for some advice if possible, please? Basically, I am a carer, and care full-time for my partner when not in work. A lot has happened in my personal life, and despite telling my work of these issues, they have not been supportive despite my 11 years of working for them. They have put me on a performance…
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23, IVA & just learning to budget
Hi all! I posted on the budgeting forum but was told here was probably best to post: I've been reading this forum for a while never joined our posted. I'm 23. I have an Iva. I live on my own but have a lodger. 2 cats. I work full time have all my life and as my mother said I've been winging it all my life. I've got this…
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Outstanding Council Tax and seting up DD
Hi, I am currently in arreas with my council tax payment by around 3k. I have just setup a direct debt through my local councils website and subscribed to the 12 monthly payments option. I'm wondering if the DD I set up will take payments for the current year , or will it consolidate all the years and try and get the 3k…
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Some friendly advice needed
#1 Hi all, I have a big credit card debt problem. I currently have debts in excess of £40'000 accross my cards. I am currently unemployed and have been since August 2016. I have a compulsive shopping disorder which is nearly stopping as all of my cards have been blocked. I haven't been successful in job hunting as I…
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Another YNAB question.
Hi and sorry for another one! I am just updating all of my accounts and I seem to have slightly more in certain accounts than I have budgeted, for example..we transfer a certain amount to a basic account each month for groceries and petrol. At the beginning of the pay cycle, when it was transferred, I budgeted the full…
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Are we a small minority?
Having a bad debt today today when It's all I can think about. Looking at our level of debt - 70K on a salary of about that same.... does this make us an extreme case? I know that comparing ourselves to others is not productive but I just can't beleive that we are the only ones who are in this type of money mess.
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"Debt Assigned to CAIS Member"
Looking through my Experian report, I saw one debt is showing as Settled and then Assigned to CAIS Member. I've looked through every account on my Experian report, plus Clear Score and Noddle and can't find any debt at all recorded that could be with a CAIS member. If a CAIS member has bought a debt, shouldn't they then…
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Prioritising cash
Good morning! :) I had a quick question regarding debt pay down and am looking to gather opinions as to what might be the best course of action. My husband and I are both self employed and I am currently on maternity leave. Our incomes are very variable in terms of quantity and amounts. I currently have a buffer set up -…
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Young people in debt
Hi all, Me and my other half are 21 and 22, however together we have £14'000 of debt over our heads between us. We currently rent privately, and these are our bills: Rent: £560 Bills (elec & gas, water, sewage, broadband, insurance, council tax, tv license): £245 His regular finances: Rent (inc bills and food…
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please please give some advice
Hello everyone, Me and my husband had our LBM just after christmas. Without going into loads of detail, we have spent most of our married life having what we wanted, when we wanted it. new cars, holidays etc. It now has to stop. We were HORRIFIED to see how much we actually owe in black and white. My husband is a worrier…
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What order to clear debts?
I'm kinda stuck on what order to pay off the three debts I have: Credit card - 0% for two years, £1,500 balance - paying £100 p/m Home improvement loan - 0% £2,500 over 2 years - paying £125 p/m Other loan - £10,000 over 5 years at 5.4% paying £189 p/m The 'other loan' was for something that is going to cost a lot less…
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Advice re: interest please
Hi, Things haven't exactly gone to plan since my last post. However, ragardless of that I need some advice on interest as I don't understand it. We are going to have aprox. £2000 to pay some debt next month. The credit card is at 20.63% 'compounded rate' whatever that means? And the overdraft is 19.84% EAR. Firstly I have…
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Where to start - CAP or continue as a Lone Ranger
Hi all I had my LBM on Friday when my first CAP meeting forced me to properly look at my finances and there were lots of tears. I don't think anyone gets into debt intentionally and mine is about 70% defending myself through the he courts against my ex- husband and ensuring my reputation wasn't tarnished so I could still…
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Do you send extra money to your debt if its on 0%?
I recently did a balance transfer so all debt apart from the mortgage is on 0%. The balance is £4,800 0% for 41 months I've set the direct debit up for £100, so at the end of the term they'll be a few hundred quid left that I'll pay off strait away. My mortgage I'm overpaying by £300 - £400 a month After overpaying the…
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YNAB recording credit card interest/charges
I don't quite understand recording credit card stuff in YNAB. I've set up my credit card accounts, I've done transfers from my bank account to the credit card for my regular payment. I have charges for 0% balance transfers that I want to record, and also interest for my next account. I watched a video and set up…
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Creditor calls going crazy
Paperwork sent to Step change for DMP Letter sent to all creditors informing this. DMP hopefully starts first payment in April But.... Phone is going crazy with calls. Like crazy is this normal?? I havent picked up as I am in work What am I meant to say if I pick up a call. They have called me like 5 times already and text…
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What small DFW things will you do this week? w/c 27/02
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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Consolidation or debt management ? Help please
Hi, I've just had a baby & we are going to struggle paying unsecured debt as my hours in work have changed & also the cost of childcare is high. We have spoken to one loan provider (from their money worries contact number) who said they could only help if we show we are struggling and had missed payments...they could offer…
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Hoping to end DMP,help!
Hi all,haven't been around in a very long time,but things are ticking along ok.100k of debt on a DMP with Payplan,been paying every month for 10 years now and never missed a payment. My problem is my house,as it's not allowing us to save,things are getting neglected,my windows are shot and need replacing,the boiler needs…
