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Will defaults affect me for the full 6 years?
Hi all, So basically, I have a small question that I've not been able to find info on... so I have around 7 defaults from 2015, most are now paid off and I have one final debt with £500 before it becomes satisfied. I have a credit card with a limit of £1250 and 2 cars on monthly insurance which is reported to my credit…
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Working as a money advisor
Hello, Are there any people here who work as money advisors for debt charities or similar roles? I've seen a vacancy that I like the look of, and suit what they're looking for, and think I'm interested in applying, and exploring. Wanted to find out from those who work in money advice , how you find the role, and what got…
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Dealing with guilt
Hi, I was just wondering about how people here view the moral aspects of defaulting on my debts? I am finding it very hard to cope with my debt at the moment. I've been trying to hang on till May 19 when I can take a pension I have with Equitable Life which might half my c£45000 of unsecured debt. I have been through the…
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Paying extra off my loan
Good morning Had to take out a loan after my car blew up I got 14k at 2.9%. I can afford to overpay £100 each month. Is it best to pay it straight off the loan or put it in a regular saver at 5% interest then pay it off once the year is up so have interest as well? Thank you
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Dmp
Hi, I filled out a form on the step change website earlier this week after having a bit of panic and actually sticking my head out of the sand. I’m in £15,000-£16,000 debt (2 RBS credit cards, 1 MBNA card and two small debts elsewhere). I’m scraping by currently and making my minimum payments but the interest on these…
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Be sure a debt is paid off!
A bit of a weird one, I had a joint account with an ex purely for outgoing household bills. My ex had control and would not allow me access and on split and getting a credit report I discovered he ramped a 1,500 overdraft which I refused to pay back for obvious reasons. The question I have is after 3 years he is claiming…
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Bipolar Caravan purchase Black horse
I’m new to this site 👍 but almost certainly not new to debt sadly and mental health. I would be very grateful for any advice My Husband has type 2 Bipolar and was very unwell 2016- end of 2017..after juggling 15 payday loans in a period of mania, a stressful job as a fire officer (seeing much death and loss) 3 kids and 1…
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What are my options?
Hi there all. Over the past few years I have been struggling with debt on my credit cards. I’ve not missed any payments, but my available credit/used ratio is appalling, which prevents me taking out any balance transfer cards to try and cut down minimum payments. I managed to quit using them about 2 months ago and now just…
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BBC 1 Tonight Programme @ 7.30pm
Watching a really informative documentary that features Martin Lewis - about debt. Worth a watch, even on catch-up, for anyone worrying about their current debt situation and for those still sitting on the fence :)
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Moving abroad and F&F
Hi Me and my other half are both on a DMP and are selling our house to move to Canada. Our debts amounts to roughly £25000-£30000 each. The sale of our house will release an amount of equity which should helps us to make a F&F. We have allowed up to 60-70% of our debt to settlement. We need the rest of the money to cover…
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asset collections
i keep getting missed phone calls by this company nearly every day but the point is they have never sent me a letter about any debts but they keep ringing what can i do about it.
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Paying off DMP running over 13 years old
Hi, In 2005 I entered DMP of over 40k inc all final fees etc I think my actual debt was around 32k. I currently have 17k left. Long story short Bankruptcy & IVA was not for me due to work and potential job loss. Paying at £300 a month (before their £50 fee) it works out I have around 5 years left to pay. Actual figures are…
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Newbie!
Hi, is this how I post things? x
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reclaiming interest on payday loans after DRO
Hi all, i did a DRO (debt relief order) it was about 4 years ago so still a couple of years before it comes off my credit report. I think my debts were totalling about £7,000. £4,000 was an overdraft and £1,500 was credir cards and about £1,500 was payday loans I was in a terrible position mentally, physically and…
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Charging Order
I have a very historic debt which was with Mint. This debt went a bit toxic in 2010 and I ended up with a charging order on my property. I have been making token monthly payments ever since and now wish to do something about this. I have tried to trace the charging order, which is to Royal Bank of Scotland trading as Mint,…
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Defaults Appearing After DMP set up
[FONT="]Hello everyone, [/FONT] [FONT="] [/FONT] [FONT="]I'm hoping I’m OK to post on here & you may be able to help me with some questions I seem to be getting conflicting advice on. [/FONT] [FONT="] [/FONT] [FONT="]I started a DMP early 2016 and have been paying every month with no issues. Slowly but…
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DMP - advice required....
Good evening all. If I can try and lay out where we are at currently, any words of advice would be appreciated as to the best course of action to take next ..... House value 175k Owe mortgage 104k Secured loan 26k DMP unsecured debts 35k 11 creditors DMP plan been going only 4 months, on a very low short term figure to…
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DMP advice re equity
Good evening all. If I can try and lay out where we are at currently, any words of advice would be appreciated as to the best course of action to take next ..... House value 175k Owe mortgage 104k Secured loan 26k DMP unsecured debts 35k 11 creditors DMP plan been going only 4 months, on a very low short term figure to…
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Considering an IVA
Hi I have 12k in credit card debt 1500 overdraft 200 payday loan 10000 car finance 2000 tax credit overpayment 350 income tax fine My mortgage is 75k. I purchased for 106k just under a year ago. I have renovated it and its now possibly worth 130-140k I earn around 1200 a month. From what I gather my car loan wouldn't go…
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Financial Hardship
Hello I would like some help in finding a letter template. I have £30k worth of debt and interest charges has caused me hardship. Does anyone have a letter I can send to my creditors to state that the interest charges have left me in severe hardship with little or no chance of paying the full amount back. I have a DMP but…
