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Old debt, reappear on credit file once settled?
Hi all, I shall be applying for a mortgage with my partner in Feb as a first time buyer and I have a question. I have an old credit account from a buy now pay later purchase with black horse approximately 11 years ago, which was also passed on to several collection agencies over the years with a fixed £20 a month coming…
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32k debt, where to start?
Hello All! I'm new here so please forgive me if I'm asking something obvious. At this present time all together I have about 32k of debt. So far I'm managing to keep up with payments. My debts are: * 2k overdraft (17.9% APR), * 12k credit card (7.5% APR), * 18k loan (12.9% APR). Where to start managing this debt? Is there…
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Belatedly received a debt recovery letter
Hi, My parents received a letter a today from Lowell Solicitors about an alleged debt that they have been instructed to recover. The letter was dated for the 20th of September 2018, however we only received it today as we have moved house about a year and a half ago and collected the letter from the old address today. The…
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Another year of hitting the debts
So long story short by May 18 I had £23,000 of credit card and car loan debt :( . As many of you know yourselves debts have a way of increasing not because of just one big purchase...but for lots of small bits and pieces... and then suddenly £23k. Thankfully when I totalled up the different amounts that day I chose to take…
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Settling on an old
(Apologies for the title - No way to go back and edit) Hi there, A couple years back I took out a loan with 118 which I later was unable to pay and ignored the subsequent letters and calls. The account was defaulted on 08/06/16 and was recently passed to Lowell on 12/12/2018. I would like to approach lowell to settle to…
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Help with court Summons.
Good afternoon and thank you for taking the time to read this. I've struggled a bit with debt the last few years but have been trying to face up to it. I've been dealing with step change but haven't finalised a dmp with them , it's been really stressful. This morning I got a lot a court Summons for FAILURE TO COMPLY…
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Advice for this debt situation
Hi, I'm wondering if anyone could advise me on the best way to tackle the below. It's by no means a dire situation and is manageable however would like to see if there was a better way I could deal with it. I have debts which are on two credit cards totalling £8500. I have 4 credit cards as detailed below. Card 1- £5000 /…
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Offer to DCA Solicitors?
Hi All Please can someone help me? I told my DCA solicitors I'd try to come up with an offer to clear my debt on Monday - the amount is over £6k and the alternative is a CCJ. They've sent a County Court Claim already. They won't accept monthly installments, so I think my only option is get a loan, but I won't be lent much…
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How to go about fully settling partially settled debt
Hi there, I am in the process of trying to clean up my credit file/history. A couple years ago I partially settled with Sunny & WDA for delinquent loans I was unable to fully pay back then. Thankfully I am in a position to where I can repay the amount not paid back (around 40% or so). I was wondering if it is a good idea…
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Need to move out after my dad hit me
I was trying to leave the house to go hang out with my friends but my mom kept nagging me so I accidentally called her a c*nt out of anger. I didn't mean it. I was just irritated. My dad heard and hit me with a belt on my butt and thighs around 10 times. Idk what to do. He's never hit me before. I want to move out but I'm…
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Balance transfer and credit limits
Hi all, I'm just after a bit of advice. I currently have a 0% credit card ending around September, I have a limit of around £8.5k on this, which I was suprised by actually. I've used this to part fund a new car as my old one went kaphunk. There is currently a balance of around £7700 and I'm making regular payments of £100…
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I don’t want to miss LBA
Hello I have a debt that I am hoping will become statute barred. The debt collection agency used to send letters my address, but I moved ages ago & no longer have acccess to mail sent there. If I was still receiving these letters, I would be able to look out for their ‘letter before action’ & arrange a repayment plan…
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Is it a better idea to....
To overpay £200 per month on a 25 year mortgage on a 2.85% deal or put your £200 to reduce your credit card debts on 0% deals which are due to expire between December 19 and August 21? This forum has always taught me to pay off higher paying interest debt first which I do, but I know the mortgage is a long game, and the…
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Postal address for DMP letter?
Hi there, I am in the process of setting up a DMP with StepChange and want to send my creditors the letter stating this.. how do I go about finding the postal address of these companies? Will they most likely be on my statements or will this just be the address for making payments? Any advice greatly appreciated.
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Paid off debt impasse?
Hello all. Firstly thanks for all the advice I've always been able to find on the forums without asking new questions. However I've got one I can't find any previous advice for in my searches. Back in 2012, I got in financial knots with payday loans (sounds familiar huh). I tackled it with StepChange's help and cleared the…
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6 years of debt busting...
I've not been an active user on the forum for quite some time, but I still pop in from time to time. I was proud and appalled in equal measure when I received my 6 year anniversary badge! I am appalled I'm still trying to pay off a whack of debt, but proud of how far that I've come and what I've learned and the new habits…
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Am I being sensible
Hi. I've just been looking at my financial situation, and I've scared myself by how much debt I have. I know I'm not in as difficult situation as lots on here, but I know how easy it is to slip into serious debt. Here is my situation: In terms of debt, I currently have: Loan at 8.6% APR - £10275.32 outstanding (but with an…
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Debt question
Hello, If your previous company wants money back from you, due to educational expenses they did for you, are there any consequencies? Will you be able to get a bank loan, have a business etc? Is there any impact?
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A bit of help and reducing APR
Hello. Over the years I have amassed a bit of debt, it's now something I feel in a position to do something about at last. I would like to start with the smaller balances on credit cards, so I can then feel some accomplishment as each one clears, which I plan to do in a small amount of time. I would also like to ask my…
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Setting aside a CCJ help
Afternoon, I’m hoping somebody here could possibly help me, long story short I had a phone contract with Vodafone that was cancelled by mutual consent due to a lack of service on their part, they simply required the handset back and the contract would be terminated. They arranged for collection of the phone via courier,…
