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SOA Help Please
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 3 Number of children in household......... Number of cars owned.................... Monthly Income Details Monthly income after tax................ 1200 Partners monthly income after tax....... 0…
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What small DFW things will you do this week? w/c 13/02
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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Notice of discontinuance
Hello, Lowell solicitors tried to get a ccj on me over an old contract that I cancelled as most the time I didn't have service. The original default balance (that's on my credit report) is £94 but Lowell are saying the want £745. I told all of this to the courts. I received a letter from Lowell with a notice of…
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Money Transfer card to clear Loans
Hello, Just joined so gonna post a question I have. I currently have two loans listed below: Tesco Bank (£9k including interest) APR 8.93% current balance £3.4k left until 01/11/18 - paying £185.39 per month. Nationwide: (10k - 5 years at 12.3% APR Current balance £2.6k left until 01/04/2018 - paying £220.71 per month. Is…
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To Dmp or self manage?
Struggling with where to start. Never used credit or overdraft until had our first child 10 years ago. I went back to work as part time to keep childcare costs to a min. Husband self employed so would have been a few gaps in income...and then we met 0% credit cards.. started off maybe paying for a holiday then moving the…
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Debt collectors and data hell.
I've tried to find the answer myself via the wonder of Google but I haven't had much joy with my exact predicament, therefore I'm wondering if someone on here might know the answer. I defaulted on a credit card with Capital One two years ago around the time of becoming unwell and at a later point moved from one private…
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Help with DMP dilemma
Following this post and eondering now if I should self manage it go with step charity? Details 50k unsecured debt - credit card/loans/overdraft. Mortgage approx 93k. House value 160k. Just missed 2 cc payments this month. Best course of action please? Confused about whether or not to make token £1 payments and also read…
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Enforcement officers and creditors
A quick question,I have set up a pay plan with an enforcement agency concerning a debt. My question is the creditor rung me yesterday asking me if I wanted to pay him direct(which would be much better for us as there would be no interest) I find it strange though that he's offering this now and even stranger that he didn't…
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18 yr old son in debt
my 19 yr old son has got himself in debt with catalogue and pay day loans , he works but hes an apprentice and cant pay it off , he wants me to guarantor him a big loan to pay them all of but hes been a real nasty piece of work with me for years now and I really don't want to , even at this moment im getting aggression…
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default.... help please
Hi every1, Please help I have a default from a credit card which is going to drop off in April. I have been in touch with Stepchange and they told me I need to contact the collection agency and offer them 1 pound a month after the budget calculation. If I start paying back the debt in payments, it would take much longer…
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Commercial Lease debt?
Hello everyone. New to the forum and not technically in debt yet, but due to my circumstances I may soon have someone chasing after me. I opened up a shop last summer and although things started strongly, it's bombed big-time (apart from Christmas time which was great) and week to week I barely have enough to live on. I am…
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vehicle removed
A bailliff has removed a vehicle for non payment of council tax debt in my name, however the vehicle is not registered in my name and will be sold very soon. is there anything i can do about this please? very stressed about this. Many thanks guys :(
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Capital Resolve
Hi, I have just received a letter through the post from Capital Resolve. They have stated that their client has directed them to offer me a settlement fee of £300 instead of the £400 that I supposedly owe. It says that their client is United Kash Ltd (Speedcredit). This baffles me as I have never had debt with speedcredit…
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Talking to partner/spouse about debt
How do you approach the topic of debt with your partner/spouse when you are the one who looks after the money (badly in my case)? Do you go for total disclosure, regardless of consequences? Does anyone keep their debt a secret from their spouse and get away with it? My wife knows that we have a lot of debt, but she doesn't…
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At my wits end
I feel I have no hope! Current debt: £6500 Tesco Credit card (£600 need for next payment) £5000 Tesco Bank Loan (£174 monthly repayment) £1100 Lloyds credit card (£80 monthly repayment £1500 Very account (£80 monthly repayment) £25000 owed to father from previous debt Other factors to consider: Due first baby unexpectedly…
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I don't think it gets much worse than this. Feel totally beaten
After many years of denial, I/we have to face up to our debt situation. I am sitting here feeling like the end of out world is about to come. I feel like I have let everyone down. SOA below We have always had some debt but an expensive few years have seen it really spike. Most of it is in my name although some is in my…
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Boiler Finance Query
Hi, Just looking for some advice! Me and my partner needed a new boiler in January of 2014. It was freezing and i was 6 months pregnant! British gas came out and said they could sort us a boiler, but as we couldn't pay in full, they referred us to a finance company, Hitachi. It was a 4 or 5 year payback, at a massive 19%…
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The Light is Here
About 10 years ago I started a DMP which was meant to last 88 years. I am now proud to say that I have one payment left to make - unless there's some slight miscalculation somewhere. I knew this day would come but all those years ago it seemed so far away. Going on a DMP was the best thing I ever did. Kept my house, assets…
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Overdraft Trap
Hi, We're trying to pay off an overdraft, each month paying £50 in but the bank then charges £11 in bank account fees and £29 in overdraft fees so it's taking forever! Is there a way to speed this up? I've seen the virgin money 0% credit card mentioned. I suppose I was wondering if these charges are fair and normal. Thanks!
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Balance transfer query
I posted this initially in the credit card forum, but since checked with clearscore who tell me I'm pre-aporoved for a card. Anyway. Barclaycard Credit card is £2900 and always on the limit, to an extent i pay the guts of £350 a month to it but then end up living off it for the rest of the month. Argos is £1200, won't be…
