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What small DFW things will you do w/c 20th April?
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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8 Months into DMP - Credit advice for the future
Hello! Hopefully I've not posted this in the wrong place. So last year I lost my job and could not keep up with the minimum payments to 5 companies I owed and with my partner's help I went into a DMP with Stepchange. I'm 8 months into the plan, paying about £530 a month for a debt of around £32k. Well done me eh. I've…
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Full and final settlement - Sunny (Elevate International)
Hi I sent the offer below to sunny in respect of some outstanding payday loans Full and Final Settlement Offer Account Number: To whom it may concern, I am writing in connection with the above mentioned accounts I am unable to pay the debt in full. However I am able to make an ex-gratia payment in full and final settlement…
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My SOA
[font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 2Number of children in household......... 1Number of cars owned.................... 2[b] Monthly Income Details[/b]Monthly income after tax................ 4550Partners monthly…
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To pay off a loan quickly or not
Dear all: I am not sure is this is the place to post this but it seems like as good as any. Okay so am debt free other than a 7.5k Barclays loan at around 20% interest that I took out last November/December time. I owe about 7k on it as in a few pounds shy or over that literally. The repayment is something like £238 pcm…
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Disassociating someone from my address
I wasn't sure which part of the forum to put this in. However here's the issue is my adult step daughter had got herself into debts by taking money and for work but not doing the work. People are threatening to come round to my house. She doesn't live here and hasn't since before Christmas. The police have been informed…
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Do charging orders expire?
I heard that after 12 years they get removed, is this true?
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Debt collectors - should I contact them on behalf of sibling who is awol
My sibling left the UK to travel 2 years ago.They had a debt of around £500 with a car lease company, I contacted the company several times, as I had offered to clear this debt. The company would not take money off me and stated that my sibling had to contact them. Sibling is in a developing country with no plan to return…
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Cant pay my debts as wife is still bankrupt
Just remortgage my flat and wanted to clear my credit cards and car loans so I asked to borrow a extra 20,000 , but found out I cant as my wife is still classed as bankrupt, since she had to give up work on heath grounds a few years ago, this has caused me problems and dont know what to do !!
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DMP in retirement
Hi all , new on the forum , i would like to ask if anybody knows of any significant changes to DMP payments /arrangements post retirement. My DMP at current payment levels will go into my retirement and clearly my ability to pay in retirement will be considerably reduced , i am paying as much as possible to avoid this but…
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Getting a mortgage
Hi all I was wondering if anyone could shine a light on the possibilities of getting a mortgage whilst having debt. I have a couple of loans owing £25k that will be settled by the beginning of 2024 (low interest rate). I have no other debts and no overdraft. I’ve had a rental property in my name for the past 5 years and…
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DMP - Income and Expenditure questions
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FCA proposes help for motor finance and high cost credit customers
The FCA has today announced another proposed package of measures to directly support consumers facing payment difficulties due to coronavirus (Covid-19). The range of targeted temporary measures cover motor finance and high cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now…
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Clearing debts but change in circumstances
I’m. Looking for a bit of help/advice ... so I have debts ... I work full time and pay my debts (more than minimum payment on some) prioritise which is more important ontop of living too! I never default with bills ie mortgage / household bills etc! However there’s going to be a change in my circumstances and that is a…
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Stuck abroad and pay
I have a family member stuck abroad . The country is in lockdown and airports closed. She is due back to work this week, but unable to. She has let her employer know and they have said she will be on unpaid leave and not qualify for furlough. Is this correct ?
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CRS debt collection on behalf of Three Mobile
I had all sorts of issues trying to cancel my contract with Three mobile. We eventually came to an agreement and I offered to pay there and then to get out of the contract. Having been told to call back and pay I was unable to get through. They sent me a bill with options of ways to pay, none of which I could do. They…
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Mortgage holiday and then redemption
Hi All, I have a dilemma and wanted your advice on this. So im currently working from home, and im considering taking a mortgage holiday for 3 months. Im in the process of selling my house and all looking good. my dilemma is should i take the mortgage holiday and then redeem once the house sale goes through. The buyers are…
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What's the best option for me?
Hi I am in my late 30s currently have a debt of around 30k on various credit cards (which I have accrued over the last few years to support my household whilst I was transitioning from a full time job into setting up my own business). It's all on interest free credit and I keep transferring balances across new/existing…
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CCJ - What to Do
Hello all I had a Judgment for around £1.3k made in my absence against me by a Debt buying company. The Claim was sent to a previous address and I had not been aware of its existence as last I had heard I was still in discussions with the original credit card company. They obviously decided to sell the debt rather than…
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DMP or no DMP is the question
Hey guys, was reading around about debt management also ways to clear them. Came across bankruptcy, IVA, DRO and DMP. I currently work in the financial section so Bankruptcy and IVA would not help me at all in terms of being employable going forward. The solution that I am considering is DMP and have spoken to PayPlan who…