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Small Victory
I know most people think it is meaningless indicator of financial health but I’m pleased to find out my credit score has increased from the ‘very poor’ to a few points away from the ‘excellent’ range in just about 4/5 months :j I’ve been trying really hard and managed to pay off large chunk of debt, as well as getting a…
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Emergency fund vs. Debt payoff
I'm pretty new to this place, I'm desperately struggling to get my finances under control and its causing me some anxiety. My main problem is that I'm a compulsive spender and whilst I'm in therapy now (spending, depression, anxiety, eating disorder) and starting to get that under control, I'm still suffering from the…
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Best advice to lower repayments ?
Hey guys, I have a loan for a car and it's over £7000 left to repay over 4 years and I wanted to know what would be the best way to get re payments down to hopefully pay it all off ? I was thinking a credit card with 0% apr then balance transfer to another card ? I know left unmanaged it can be dangerous but I'm trying to…
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Under a lot of stress with money
I don't get paid much in my job, I take home around £1,000-£1100 each month depending on how much over time I do (and usually none is available though I do say yes when i can) , I work 40 hours a week, have 1 half day each week, sometimes 2 if ratios allow it & have 30 min lunch to cover the half day (this is standard for…
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Full and Final Settlement, IVA or Bankruptcy?!
Hi all, Currently in a slight predicament. To cut a long story short, I owe £44,548 of unsecured debt across (originally) 13 different creditors. This debt was predominately accrued through an abusive relationship – Action Fraud are looking into it but I have little confidence of getting any resolution because what ‘Can I…
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Help and advice needed re credit card debt
Hi everyone I'm looking for some help and advice on how to sort our credit card debt. We run our own business and needed to make some very quick repairs and building work. Unfortunately, at the time we didn't arrange a loan as we didn't have the time and so put everything on credit cards.. We owe 85K on credit cards and…
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Advice please!!
Hey peoples I am about to be debt free this week - yes! However, a few people have made me come to a halt of making my final payments and cannot seem to get an answer ANYWHERE.... I have two debts left to pay, both with Lowell for about £230 and £180, they’ve offered me partial settlement on both at 40% which brings it…
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General advise please
Hi, I'm posting on behalf of a relative. Brief history. She was working self employed until December 2016 (up to this point was generally up to date financially). In December 2016 she became ill was in hospital for 4 months (mental health). Discharged in April 2017. Medically off work 8 months recovering / on benefits.…
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Help please
I literally don't know where to find and how to post this, despite scrolling through the website like maniac:( So any help with moving it will be appreciated:) I am in DMP, separated and with 2 children living in marital home. The mortgage was on my ex name at the time i.e. 5 years ago due ti income, I am paying it now as…
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£1000+ Credit Card Debt
So I'm posting here on behalf of my partner. She's not very good at dealing with money and was pretty naive at the time of doing all of this. Nor does she monitor the account or any money very well. Fortunately I'm now here to try and find the right help; hence me posting in this forum. Around January 2016 she took out a…
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Payig Off Old Debts - Please Help!
Afternoon all, I am just after a bit of advice if anyone can spare some. I have three old debts, as follows: MBNA (then Aktiv Kapital, now PRA Group) Barclaycard (now Link Financial) Barclays Current Account I experienced some serious financial difficulties in 2011 and got into debt as a result. I stopped paying all three…
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Tell us about debt's impact on your wellbeing
The Royal Society for Public Health is a charity which works to improve the public’s health and wellbeing. It’s currently investigating how the use of credit products can impact people’s mental and physical health – including payday loans, doorstep loans, weekly payment stores, credit unions, catalogue credit, overdrafts,…
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Long term DMPers
We have been on our DMP for 6 years now, and it’s pootling along nicely. We’re just over half way moneywise, so still a bit to go yet. But, big things are starting to need replacing now. Our car is old and high mileage and is needing several hundreds of pounds spending on it, and other big things are going done. So my…
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What small MSE things will you do w/c 5th March
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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Struggling with debt repayments
Hi, I am currently worried that I won't be able to pay off my monthly loan commitments on top of my monthly spending. I have debts of around 3.3k spread over 8 payday loan companies including one with my bank. I have been refused by every loan company that I have tried in order to consolidate the loans, and my credit score…
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Any other Way?
Hi was reading about someone who made a deal with cards instead of a DMP so things would not effect credit file. We need our file in tact as may need a morgage but cannot aford payments and high interest rates. Is there a nother way forward?
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Blackstone repayment help
Hoping someone can give me some advice on the below issue. I had got car finance for a friend of mine ( yes big mistake I won’t be doing this again). He was fine paying me so I could pay the finance for the first few years. He got into some financial trouble and couldn’t pay the full fee. He started to pay a lower amount…
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Help Dire Straits
I'm going to try not to ramble and just give the facts. My dad died two years ago and I inherited enough money to put down a large deposit on a house. I had to take out a loan for 12k to cover the stamp duty as I didn't receive all the inheritance I thought I was going to receive. I have struggled really badly with…
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My SOA
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 2 Number of children in household......... 2 Number of cars owned.................... 1 Monthly Income Details Monthly income after tax................ 700 Partners monthly income after tax....... 2300…
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Have House Equity but settle debt for less?
I am posting on behalf of a friend of mine, he and his wife fell into some financial difficulty when he lost his job and they couldn!!!8217;t survive on one income. They had already been servicing a smaller debt balance, but after a several years with only one income it has spiraled out of control to the current situation.…
