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Getting myself debt free - consolidation?
Hi all, Have managed to get myself into a fair chunk of credit card debt through 0% deals and generally living a plush lifestyle. Having completed a spreadsheet my total debt is £28000 almost exactly. A number of the 0% deals are ending, at present £8k is charging interest and a further £4.5k will charge interest in July…
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Link or Wescot??
Can someone clarify what is going on here. We have been paying a Wescot via our dmp for about 2yrs. We have sent a CCA request in Jan to which they responded very quickly saying they are ‘acting on behalf of Link’ and that we need to submit our request to them...we did that and have yet to hear even an acknowledgment from…
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Very account defaulted, what next?
Today I have received notice of my Very account defaulting. I am head over heels (or so it feels) in various other debt and currently only receiving Universal Credit. I do hope to return to work part time for some extra income come August once the summer holidays are over. Ive buried my head in the sand and feel my only…
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Jacobs Enforcement - Won't accept my payment arrangement
Hi I have had trouble with my local authority accepting a payment arrangement for a parking ticket. I have been struggling of late and just about starting to tread water again. Since my LA refused to accept a payment arrangement, the debt has been assigned to Jacobs Enforcement - with their fee of course. I have submitted…
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Barclaycard interest confuddlement!
I have asked Barclaycard for an explanation of how they work their interest, got a load of gobbledegook back! Is there anywhere that can help me work out how they work their interest? I'm trying hard to budget and I didn't expect the interest to be higher on a lower balance - it's upset my budgeting!. On my statement is…
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If a DCA has no credit agreement...
Hi. Quite a few months ago, I was advised to ask the two DCAs chasing me for old debts to provide copies of credit agreements. The debts are from 2003/4 time. One of the DCAs, Intrum, acknowledged my request, is still taking payments, but has failed to provide the credit agreement. The other, Lowell, suspended the account,…
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CCJ papers
Hi everyone I am desperate for advice here. 2017 my partner and I took out a guarantor loan for £8,000. We were paying it off together. I was personally using it to consolidate debts (BIG mistake I know) and he was using his half to buy a new car as his 15 year old one had to be scrapped. A few months into paying it off, I…
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Debt chase from latern
Hi new here, I've read advice on here a few times ive been chased recently for a debt of £403 to lantern. So I sent them a prove it letter to find out what and who i owed. They sent me confirmation of my debts which admittedly I do owe. Theres 3 in this case as i was a little stupid and took a few loans when I was on the…
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Left debt behind in Australia, can it be recovered in the Uk?
I have recently moved back to the UK from Australia to be with family. I have left around 50k worth of debt behind (car loan and credit cards), I don’t have the money to pay them back. I just left Australia without telling the companies and I was assuming that it would be hard for them to find me?. I want to know if the…
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Reduce minimum payments??
Hi I wonder if anyone has some good advice for me. Basically, we had a few tough years where my husband lost his job (twice) and went self employed but earned very little. This coincided with having very young children and was financially very tough. As we had been previously conscientious borrowers we had good credit…
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Debt Advice for new member
Hello everyone, I am new to posting on the forum but have followed it closely for sometime. I am asking for help regarding my debts. Figures - Bank Loan - £4000 Credit cards - £8000 Overdraft - £2500 Short term Loans - £7000 Currently bring home each month - £1490 Now to explain how I got into this mess. I was made…
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where to start, s.o.a. included
Hi, please be gentle with me, I'm new here and have just had my light bulb moment! I have a lot of debt but not a lot of disposable income. I have buried my head in the sand far too long and now I need to do something about what I owe my creditors, any advice gratefully received. Here is my s.o.a. for you to see which I…
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Moving to self managed DMP
Hi Just after some advice. I have read through the forums and found some detail, but hoping for a bit of hand holding! I have a DMP which is managed through stepchange. I really want to go self-managed so that I can have better control over my payments and save for some full and finals. I need to build an emergency fund so…
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Default or Arrangement to Pay
Hi, I have been managing fine going along paying my debts etc however I've just been told my 2nd job which is a casual worker will be going within the next 4 to 8 weeks due to the business restructuring. I am looking for something else but what I want to know is if it is better to default or make an arrangement short term…
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30k debt, help please!
Hi all, Very new here so please be gentle! Without going into too much detail, I have been through a rough few years and have been rather reckless with my spending and have frankly been avoiding the issue for a long time. Things are looking up for me and I'm hoping to move house with my new partner and start afresh,…
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What small DFW things will you do w/c 3rd June?
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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Help with options
My wife and I have been on a DMP for over 8 years, sadly she passed away a month ago. We didnt have enough insurance to clear the mortgage or debts. My income alone with cover the essentials but with little funds left over to service any form of DMP. I have recently received £6000 from a PPI refund, my current balance with…
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What !!!!!! do I offer Halifax Credit Card?
Hi All, After many, many, many years of carying around debt I've been able to settle all but one of my debts with a !!!!!!. But my last creditor is not playing ball, grrr. Short history of the Halifax credit card in question: - Defaulted in 2009 owing £10.5K - Paid £6K off with DMP but stopped making payments over 2 years…
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Renting with a CCJ - soft search?
Hello, I know that most letting agents/landlords do a 'soft' credit check. Has anyone ever been accepted/passed a credit check to rent a home with 1 CCJ on their records? I recently got declined for dental finance (which I purposely applied for just to check how bad my credit really is). I know its bad, I have 1 CCJ and…
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Books on developing good basic financial habits (esp spending & saving)?
I've been doing some googling on this, but all I can find are articles on '5 basic money saving tips', and most of the books seem to be about how to find deals and what to do with your money once you have saved it. What I'm looking for is some straight-forward, practical books on how to develop good, sustainable habits in…
