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How long to save for?
I was about to put my house on the market when COVID started. The reason for the sale is twofold - firstly to move in with my boyfriend; and secondly to pay off the last of my debt. This is obviously now on hold, and I am using the lack of expenditure to save up as much as I can to build an emergency fund and put the rest…
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Lowell Debt
I recieved this letter in the post regarding debt from 2008. Can use advise me what I should be sending back. I believe that as I'm in Scotland the debt would have been barred in March 2014, that would be 5 years after the account defaulted. They also supplied an phone and a mobile account that was took out a few years…
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Had our light bulb moment - opinions on credit card snowballing
Happy Friday everyone, This is my first post so hello! So today myself and my OH finally sat down and did the dreaded statement of affairs, seeing that bottom line figure has really given us the kick up the backside to get our acts together. We really want to buy a house one day and what has scared us even more is that we…
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10k debt - not many options to consolidate and no 0% offers.
Good afternoon. I am looking for a sensible, most affordable outcome to this if anyone can advise! I currently have 5 credit cards. 1 I am paying high interest, 1 is currently no interest until next year, the other 3 have low interest rates. Ideally everything would be on one card that I would pay back over a couple of…
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Lowell not kept to agreement, what nexr?
I had a default for an old catalogue debt, and was contacted by Lowell in 2018, I disputed the debt, but ended up setting up a payment arrangement with them for £10 a month just to resolve the dispute. I recently got a copy of my credit file, and then saw that only £50 had been collected on the account, when checking my…
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Lowell - Debt Purchase Companies - Do I owe them?
Hello, I own Lowell Debt company £1099.91 I have been reading that Lowell pays the original creditor for the debt and purchase it off them. From what I was reading when companies pay for the Debt I will owe Lowell. However, it said I would actually only owe them how much they payed for the debt, not what I owned the…
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debt free but still have issues with solicitors !!!!!!!
Hi everyone !i will attempt to cut a very long story short, but include as much detail as required for accuracy, my problem although I have achieved debt free status, I now seem to be stuck out on a limb with nowhere to turn and no help available. I really don't know where to turn next...... I was contacted many years ago…
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Irresponsible lending
Hi. I'm currently in the process of contacting my creditors for a payment plan. I've had a few people mention to me about irresponsible lending. If I were to pursue this how would I go about it. My only reason for looking into this is that I already had quite high debt levels but people were still lending to me on…
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Will my debt be statute-barred in August?
Hi all My situation * Following a business failure in 2010, after paying £1 a month to my c/card bank, I defaulted in 2013 on 2 x bank credit cards (totalling around 8k) + 1 x current account overdraft * Eventually the bank passed the debt to DCA1 who then passed it to DCA2. * The current account debt was miniscule and…
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Refund - JD Sports
I have been trying to get a refund for goods I didn't receive since January!! My item showed it was in transit to a store (and still does) but when I spoke to customer service they said the store have it. Go to the store they say they haven't got it and contact customer service. Round and round I go. Latest I've been told…
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Council tax
Hi. Is council tax debts on hold?
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Close to 6 years in default
Hi All, Basically when I was student I took an overdraft with Lloyd's TSB. The amount was just over £2570. Afterwards I just abandoned this account and moved to Santander instead. So the default dates are different on all of the credit ref. Agencies. 02/06/2014 05/06/2014 15/06/2014 I've not heard anything regarding this…
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Sent the required £1 with a CCA request
Hi Having actively dealt with old debts over recent times, I'm left with one that I am uncertain of for the following reason. It's an old credit card debt for £10K which dates back to 2007 (when it defaulted) and was passed to various DM companies over the following years with the last £1 payment made against the debt in…
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DMP - Full and Final settlement offers. DIY or via my DMP?
HI, As I mentioned in a previous post on mortgages, I am currently
on a DMP. Around £14k still outstanding. I am due to get a lump sum from work (around
£8.5k) at the end of June/July. I emailed StepChange and asked if they would be able to negotiate
with my Creditors to see if any of them (there are around 10) would take…
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Ccj advice
Hi am after some advice I have a Ccj against me have contacted the court on this matter and was given ferther details of who to contact wich is the solicitor dealing with the case they have informed me that the amount to pay has increased due to interest, is this correct as I was under the impression that’s all I had to…
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payment holidays
Hello everyone, Following on from the Chancellor's announcement that the furlough scheme will continue until October, do you think that the banks will also extend payment holidays on mortgages, loans and credit cards for a further 3 months?
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Debt solution when re-mortgaging
Hi Guys, Sorry if this has been covered, first-time post and long time follower. I have done some research, but I am still a little confused so apologies. I am re-mortgaging just now, low rate ends in October so starting early. I had inquired about borrowing around £6.5 k extra on the re-mortgage to clear off a Credit Card…
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Prioritising and paying off....
Morning all, Been in debt for a few years now, have my affairs in order so I never miss a payment, haven't done so for 3 years. Was down to around £8k, then I moved abroad, just as the lockdown and quarantine hit, so I was unable to find a job... I had a bit saved up and managed to secure a money transfer at 0% for a year…
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Keeping out of debt
Right so I have bought a home with my partner and I have recorded our spending in a book. Also set bills and our incomes. We agreed to split the bills in half and put money into a joint account. Now I have two current accounts too and savings account. Now he has his current account and joint account. How do you record your…
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Debt solution
Would you recommend using a debt solution company and is my house at risk if I cant keep up the payment plan
