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What would you do (CC Pay off or Mortgage overpay)
Morning, SOA as below, have some "spare" cash monthly. Will need to consider financing a new car within the next year and do not wish to borrow. Car has 150k miles on it, owned since 23k miles, and potentially heading towards end of life. 2x CC's with larger balances are on 0% until Oct-21 1x CC with smaller balance is on…
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Nearly at the End
Hi I am very close to the end of my Debt Management Plan (4 months) and two of the outstanding three debts are £16 and £39 respectively. The last debt is for £286. I know that one should not pay one creditor off if it will cause others to feel unequally treated, however I have worked out if I pay the two smaller debts now…
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My in-laws collision course with bankruptcy
I have slowly realised that my partner's parents whom are 62 and 63 are in loads of debt.I have discovered that they were living in their overdraft, have half a dozen credit cards, a personal loan, a car on finance, several monthly payments for services they do not use and a mysterious standing order to Lloyds bank to…
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Are we likely to get this default wiped from our report?...
How easy is it to get a company to agree to remove a default from your credit report? We had our Vodafone contracts terminated and eventually marked as having a default against them! What happened is we moved house and tried to change our address with Vodafone over the phone. We were told we had to do this in writing…
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Advice please. Idem no CCA - what next?
Hoping for some advice. I’ve been with Stepchange for 9 years, slowly paying back debts. I recently sent a CCA request to Idem who now old an old debt which now amounts to £1747. They responded, advising that they cannot produce this, recognise that the debt cannot be enforced but will continue to pursue it. I then sent a…
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CCA re bank account debt
Hi, Apologies if the answer lies elsewhere but I couldn't find it. I am sending CCAs requests to debts originating from credit cards but how about a bank account overdraft that was included in a DMP. Is that the same?
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Board Money & guidance on costs
Hi All Doing an I&E. How much can be put down for board (money paid to parent for lodgings)? Also, is there a link to guidence on how much my cousin (this is for her) should be putting down in each category? Currently, she'd in a pickle and isn't even living so spends zero on almost everything she can as she's not got…
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What small DFW things will you do w/c 4th May?
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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Outstanding Debt and Critical illness claim
Not sure if this is the right forum, hopefully someone can post me in the right direction if not. I’ll try keep this brief🤪 I have been on a DMP for many years with 5 still to go, approx £12k still to be repayed over this time, my own fault trying to keep a failing business afloat and not wanting to declare bankruptcy…
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Debt collectors chasing deceased sister's owings. Help!
Hello, am hoping to get some advice before I call back the collection agency who have been leaving me messages. My sister died suddenly the Christmas before last, about 17 months ago. She didn't own a property or have any savings or 'estate' of any kind. A collection agency rang my elderly mum recently asking for the…
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Lowell Portfolio Ltd.
I have two accounts with Lowell Portfolio Ltd which I have been repaying since 2012, a whole 8 years. One of these accounts is now just under £300 remaining and the other is around £1,200 remaining. I have seen people do a ‘three letter process’ which has seen their debt written off by Lowell, what is people’s experience…
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Debt tracking app?
I have store credit accounts, credit cards and catalogue debts. Is there an app to track them in one place (to watch them decrease!) and easily manage them?
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Lightbulb moment after big drop in income....
Statement of Affairs and Personal Balance SheetHousehold InformationNumber of adults in household........... 2Number of children in household......... 2Number of cars owned.................... 0 Monthly Income DetailsMonthly income after tax................ 1041Partners monthly income after tax.......…
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How do you maintain being debt free? What are you strategies?
No Credit Cards? Put some money away straight away when paid? Not shop online, only in store? Just curious as to what strategies people have used once becoming debt free?
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Advice required on which way to play savings v paying debt
Hi Everyone,I am looking for a little advice re: what to do regards paying v savings in the current environment.At present, aside from mortgage I have the following:£5,871.13 loan @ 5.x % £1735.98 Credit card @ 0%The total comes in at £7607.11 There is no issues with repayment. It's a case of what to do in this CV19 world.…
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Dealing with unenforceable debt
I have an unenforceable debt with Cabot that was originally with Aqua. In 2017 I entered into a DMP. Now I have had confirmation that the debt is unenforceable do I just stop paying it or make a low offer? The account was defaulted in 2017. Thanks.
