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Cabot financial offering refund?
OK I'll try to get the details in here in as compact a way as possible. Sometime around 2006/2007 I defaulted on a personal loan and overdraft with HSBC. This was mostly due to astronomical charges at the time which snowballed. (Did try to claim back but was unsuccessful) the total was somewhere around £2.5k I believe.…
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Capquest debt from 2000
Hello i am posting on behalf of my grandparents. They have received a letter from a DCA called Capquest. The letter states they owe over £3,000 to a bank from 2000. They have no idea what this debt is about. My question is the debt being 17 years old!!! do they legally have to worry about this? They are almost certain they…
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Lowell (CohenCramer) Notice of Pending Legal Action (Statute Barred Debt)
Following my post a couple of weeks ago, I have now been sent this letter from Lowell's solicitors for a debt I believe became statute barred in October. Can anyone help with how to fill out the Reply Form? Section 1 1) I agree I owe the debt. 2) I owe some of the debt, but not all of it. 3) I don't know whether I owe the…
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full & final settlement advice
Hi I have been in a DMP with Stepchange for 9 years and have cleared £29,233 worth of debt with approx £2600 left to pay. I have learnt some harsh lessons but have remained committed to clearing the debt. Recently the employer I was with for 15 years lost the contract and I have been tuped across to the new provider with a…
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Financial abuse - in debt at 22
I am only 22 and I have very recently ended my 4 year relationship. It got me just now to realise, I have been under financial abuse by my ex-partner's mother. My debt is around £7,000. Throughout the time, I trusted the woman enough I nearly lost my family, she insisted my parents brought me up badly, that they don't love…
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Halifax Collections and DMP headache
Has anyone on a DMP had any problems with Halifax - particularly their Collections department? I just really need to vent! Here is my debt management plane diary so far: * September - set up a DMP with StepChange (I am eternally grateful to them btw!) All creditors accept apart from Halifax. * November - first payment went…
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Very catalogue - ridiculous unaffordable interest, what should I do?
Hi everyone, I currently have a few small debts, which i have been able to handle until i got my latest statement from Very. I am currently out of work and a single parent. I owe Capital One about £900 which they have frozen the interest on and i am paying them £25 a month. I owe Very £1,100 and my buy now pay later period…
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Taking out credit
I take out credit but simply do not repay it. After 10 years nothing has happened yet. I must of had a free £40,000 from loans credit cards and overdrafts.
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Barclay Card Debt Clearance
Hi All, New here, so I hope I've got the right forum. If not, can you move it please Mods? :) Situation: My wife has a credit card that was once a Goldfish card. After several companies bought them and took it over, and we've ended up with Barclay Card. We've not used the card in years and been trying to pay it off (was…
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Halifax have refunded my interest out of the blue!
Hey all, I’ve had a DMP with Step Change for 4 years now and overall it’s been a positive experience- with the exception of Halifax! I had a credit card with them and they were unwilling to accept my DMP, they kept piling on the interest and I’d get weekly (sometimes daily) obnoxious phone calls to bully/harass more money…
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aqua credit card
I am finally trying to sort my finances out and I missed a payment on my mbna card, so I phoned them and they were very helpful. we went through my finances and have set up a payment plan and frozen the interest. I don't like to make that type of phone call but they made it very stress free. so I have just phoned up aqua…
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Grateful for advice on how to handle a debt
Hello all, I would be grateful for some advice. In 2009 I set up a student account with NatWest which comprised of a current account and student professional development loan. In 2010 I went overdrawn on the current account and received letters from NatWest requesting I pay. I tried to pay it back but due to circumstances…
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Ruined my life with gambeling and need advice
Hello I need some advice as I don't know what to do, I have massive gambling debts of £36543.02 spread out across multiple credit cards and overdraft. the vast majority has been accrued in the past two months. Current wage: 38460 After tax £2205 I have spent the last few days putting together a spreadsheet of everything I…
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What to do next???
Good evening, In January 2016 I started a DMP with Stepchange lasting for 4 years and 1 month. Although I am proud of clearing nearly half the debt I would like to clear it quicker and as I am now approaching half way through my debt repayment and was wondering the following. 1) do I continue with Stepchange or do I speak…
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Debt Meltdown
Hi Everyone, So I have come to the realisation I can't hide from this or flow month to month and just hope for the best anymore. I am in a huge amount of debt, with a very bleak outlook. It has gotten to the point where I just don't know what to do and I feel like I can't cope. I don't sleep properly, I have put on loads…
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The 4 horsemen (debts) of the apocalypse (2018)
Hi, Long time lurker/user of the main site and debt free wannabe/mortgage free wannabe! I've decided (light bulb moment) that enough is enough with my current debt situation. I want to stress from the offset that I am not in any financial difficulty, I've not missed any payments in the past 10 years and our income is more…
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Overdraft - Lloyds Daily or Savings?
Hi, I am currently living in an overdraft with £2000 by the end of each month. The Lloyds daily overdraft charge is being applied and I hate it...even if I don't spend from my account, the statement shows an amount being taken every day...My first tactic to minimise the fee is to use my interest free Barclaycard for any…
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lloyds bank refunded credit card interest
Hi all I have just received a cheque from lloyds bank for interest charged on a credit card account after i went into a DMP with Step Change in 2013. Hopefully if anyone else had this situation either speak to the bank or there may be a cheque already in the post. It seems that lloyds are facing up to their…
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Capquest suddenly chasing me for a 7 year old debt
7 years ago, I defaulted on a my Next store account by £325. I was living at home at the time, and my mother kicked me out so I ended up moving. I haven't heard from anyone regarding this money, then today a letter from Capquest turns up. A default for this debt fell off my file 14 months ago now. I haven't contacted…
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Motivation and Inspiration from National Debtline #peaceofmind
https://www.youtube.com/watch?v=4c_yi2FNidM Instead of thanking this post could you all keep replying to keep bumping it up, especially in the evenings, to show newbies to the Debt Free Wannabe community what a fab bunch you all are and that there's always help when they need it. Thank you to everyone here for every bit of…
