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About £5000 in debt and not sure what to do.
This is my first post on here so apologies for any rambling. I have about £5000 of unsecured debt which I have been ignoring, made up of an overdraft, payday loans, credit cards and a phone contract. When I was a student before I had any debt, I switched my bank account from Lloyds to Halifax to get their switching bonus.…
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Received - Solicitor letter for disputed debt
Hi Please may I ask if anyone would be able to advise me of my best course of action in relation to below? In August I received a Notice of Acting letter from a solicitors which asked me to contact them to discuss or pay an outstanding debt to Lowell Portfollio I Ltd. I had never heard of this company so called them to…
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Really need some advice please
Hi all, Sorry for the slightly frantic post but I could really use some advice. Money is tight at the minute...super tight and I would like to know the repercussions from not paying minimum credit card payments and NRAM dlinked loan repayment for this month? If I pay them then I can't cover our rent which is my priority.…
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Default enquiry
Good morning Just a quick question please.. My debts are all with DCA's now and not the original lender. Are the DCA's able to default me on a debt that has already been defaulted by the original lender? Any advice would be great, thanks
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Duplicate CCJ Claim
I'm purposefully not going to put the whole background to this so not to reveal myself to any unscrupulous individuals who might be lurking. Earlier in the year a claim against me was submitted by Mercedes (MBFS) using Mortimer Clarke Solicitors (M.C). The initial claim was discontinued, as I informed MBFS that I had sent…
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Divorce & Debt
Not sure where to ask this but guessing people may know on here I will be going through a divorce soon following an extended separation Now we have hit the period separated I wanted to know with regards to finances and debts what is the procedure. We have no joint assets or financial links My debts at my own and something…
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What is Debt free?
I know its a strange question but so many people have different opinions on what they consider being "debt free" I currently have three Credit Cards, total balance £1.8K Wife has an old loan (currently with Cabot) balance £3K Wife has Credit card and store card balance £1K Once the old loan is paid off I would count this…
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DMP - help with recording of debts...
Happy Xmas to MSE DFWs and wishing you all every success for the coming year! I started a self managed DMP in October this year and so far, it's gone really well. All of my creditors have played ball and all accepted their respective repayment offers. My question is now more set on limiting the impact of the DMP on my…
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help needed
Household Information[/b] Number of adults in household........... 2 Number of children in household......... 3 Number of cars owned.................... 2 Monthly Income Details Monthly income after tax................ 720 Partners monthly income after tax....... 1264 Benefits................................ 464 Other…
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Planning my great escape
Hello Am starting this diary to try and help myself to get a better life for my children and myself. I need to pay off my debt and get some money behind myself to start somewhere on my own. Not entirely sure about exactly how much I owe. Not really a clue on how I'm going to pay it off at the moment and no idea how to…
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Are late payments viewed the same as defaults?
Hi, I'm in a lot of debt (4 credit cards and a loan, just over £20k) and started a DMP with Stepchange a few months ago. Unfortunately I didn't do my research and was unaware that most people on here advise you to make very small payments towards your debts before starting the DMP, so that most accounts default. I'm…
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Lloyds Bank Right to Set-Off
I have debt in arrears with Halifax credit card and Halifax overdraft. I also have current account with Lloyds bank, where I have some money to pay for rent and bills. Can Halifax use ''right to set-off' and take money from Lloyds account? I read terms and conditions of Lloyds, which says In addition, we can in the same…
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DFW - what are your New Years resolutions?
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Dmp. Worried sick
Hi. 4 days ago i had a breakdown after juggling debts for years. I contacted step change and my first payment is due 10 th jan. They were great but wirrued if i have done the right thing. Terrified i will get ccjs and bailiffs. My husband doesnt know any of it. In total 8 creditors, £25 k. Its xmas day and all i can do is…
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What small moneysaving things will you be doing this CHRISTMAS week? W/C 25/12
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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DRO or Bankrupcy ?
Hello, I need some help and advise from anyone who is willing to help. I am about 16,000-17,000 in debt and I am having to use my sons money to pay it off. I am on very low income and soon we will soon be unable to pay anything off completely. I owe money to multiple companies. Personal loan, Gas, Electric, Store Cards,…
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Bt default help and advice
Checked my credit files to make sure they matched up and was surprised to find a BT default on equifax,for £95 Now did have a bt phone and broadband at the address I was renting at the time..but was given notice on the property so rang BT at the time and cancelled both accounts paid up what I owed..moved to another…
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Council tax - Bristow Sutor
Hi, first post here! Try and keep it brief (probably won’t) I moved into a rented place, 6 months term with a partner in February 2017, relationship broke down quickly and went separate ways and moved out quickly to my own place in the same council, the move in date was 29th April 2017. Now We continued to split rent until…
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Das
Hi there, just joined today as need help I entered into a debt arrangement scheme 3 years ago, I am now in a slightly better financial position than I was, can I get out of the arrangement and get in touch with my creditors myself to arrange payment plans? I could probably clear a couple of them in one payment , I still…
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Feel like my head is going to explode!
Hello Long time lurker and love reading inspiring posts...shame I don’t seem to get anything I should be doing into action! I am a single woman, one son of 18 at home and I’m self employed. I have over the years racked up debt. Not to blame anybody..I thinks it’s been sometimes trying to keep myself happy, my son happy,…
