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Lloyds Bank Overdraft Charges on the 12th
Hi sorry I wasn't sure which board I need to post in so hope this is the right one. I have a Lloyds Bank account x2 and so does my partner. We use our overdrafts so get charged daily. I noticed on all the accounts we got no daily charges taken on the 12th this month. (well actually they took them then refunded them after…
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Please help me get my head around this.
Hello everyone, Last week I found out that we ( me and DH) are in debt to the tune of 56k ish. Me and DH met t uni and started off our relationship as skint students. We left uni with the usual student debts and have pretty much been in debt ever since. Fast forward 16 years and we have a good life with a nice house and 2…
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Am I being silly not using savings to pay off debt?
So I have: Car Loan - £5,468.70 (orig £7.5k) £133.01 per month 2.5% APR. Last payment Feb 2022 Credit Card - £1,859.86. 0% till Aug 2020. Making min payment per month of 2.25% I tended to do most of my spending on a cashback credit card and at the end of the month pay off the whole balance or a significant chunk. However…
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Income and expenses
Hi, my partner has an old dent which has gone to court. My partner has mental health issues and is under a community team for support. She gets PIP only and is entitled to ESA contribution's only. As the debt has gone to court,she now has to fill in a income and expenses form. My question is as the debt is in her name…
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BACK AGAIN! damn it
Being in debt seems to be an endless cycle for me - and its doing my head in. For the last few years, I have been coasting along from pay check to pay check not letting anything become major but almost without seeing it coming, I am in deep again. The headlines: I have around £2000 in mortgage arrears, and have a court…
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Debt company pursuing me for debt that isn't mine
Hi there, I did post some time ago about this ongoing problem I've got with Robinson way. I recieved a letter last year saying I owe over £2000 for a barclaycard debt! Ironically I did have a barclaycard card debt with them but it was a totally different card number and I'd been paying them monthly for years and only owe a…
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Several old debts defaulted for almost 6 years
Hi All, I have 5 debts on my credit report all from 2011-2013, all defaulted. 4 Credit cards and 1 loan. 3 of them I have paying off at between £5-£20 a month. Now I know they become statute barred after 6 years, however does that not apply if I am paying them? Also is the SB status from the date of default, or the date of…
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What small DFW things will you do w/c 13th August?
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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How much can I overpay on my mortgage
Long story short, at the turn of the year, we had 141,000 GBP outstanding on our fixed rate mortgage with the Halifax. We made maximum 10% overpayment on this beginning of year before it expired in May. We then had it on the SVR for a month or so to allow us to make a further large overpayment bringing it down to an amount…
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HMRC Debt - Pastdue company - Please Help
Hello, I would really appreciate if anybody has any information regarding my current situation. Today i received a letter with my partner's surname stating that it was 'Important, Do Not Ignore'. I rang my partner and he asked me to open it (he was at work and concerned). I opened the letter but it stated it was for…
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Which to prioritise?
Sorry if this has been asked before. I know when snowballing to clear debt the idea is to pay off every spare penny to the highest interest debt first then move onto the next and so forth. My credit cards are on 0% APR until 2020/2021 and I have 2 loans with APR 15.9% and 9.2%. I would have though to pay everything to the…
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fell into a payday loan trap
hi all, I am new here. As the title states, i fell into a payday loan trap with various lenders. It got to the point i was borrowing and as soon as it hit my account i was logging into another site and repaying that loan. It eventually got to much and i couldnt afford to make payments. I had not told my partner and dealt…
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Debt to income- putting things into perspective
This morning I’ve been browsing online and stumbled across nationwides debt to income calculation that they use when assessing mortgage applications etc. Apparently it’s calculated by dividing your total monthly debt payments by your gross monthly income and multiplying the result by 100 to get a percentage. Ours comes out…
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Personal Loan Interest Query
I’m trying to understand how the interest works on a personal loan.... I took out a loan in May 2017 to consolidate some debts. The amount borrowed was £15,500 and total amount payable was around £22,000 (60 months at £367 per month). In October, I went onto a token payment plan due to leaving work through ill health and…
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Getting through it
I have recently separated from my partner and moved back with my parents. Thing is she took debt out in my name which I am now trying to pay off through the coming months. Its across about 8 creditors which i have sorted at least 4 of them in to payment plans. The other ones will surely come in time. Does anyone have…
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Credit Card Debt
advice please have approx £30k credit debt Have mortgage of £80k, property worth £175k Tried to re-mortgage with L&C without success credit score is ok, no missed payments at the moment apart from re-mortgage do i have any other options open to me in help would be appreciated, thank you
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Releasing equity in my house
Hi, I have £25K worth of credit card debt and have lost my job due to my employer liquidating. I have just got a contract job, albeit with a pay cut. We have a property which we tried to sell but had no interest. We took out a mortgage for £989K three years ago and we have paid it down to £860K. The house is worth about…
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How many people know the full details of your debts?
How many people know about your true debt situation- actual amounts etc. I prefer to keep ours between my wife and I, however my wife prefers to be more open about it. This is causing some friction!
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Moorecroft or Halifax,advice needed please
My sister has been paying a debt agency a Halifax debt for about 6 years,very little has been taken off it. Now Moorcroft have contacted her to let her know they have taken over the debt,she still has £4,000 left to pay. Im able to help her a little bit and have advised her to offer a full and final payment of around…
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What is my best options ? Can I have a DRO?
Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 4 Number of children in household......... 0 Number of cars owned.................... 3 Monthly Income Details Monthly income after tax................ 1170 Partners monthly income after tax....... 0…
