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DMP mutual support thread part 13 !!
Welcome to the DMP mutual support thread Part 13 !! Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for. There is help on getting interest and charges stopped, how to start with an…
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The Debt Free Roll Of Honour
Update December 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below. To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion Back to Martin's original…
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Struggling with debt? Ask a stepchange debt adviser a question
If you need help with your debts, this is the thread for you. This is a new thread, as the old one was getting a tad long. Trained advisers from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! There are three ways to get in touch: 1 - Simply post…
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Charging Order? The myth
I feel that this is so important that I thought a new thread should be made to highlight the importance of understanding the law on Charging Orders and how many people are stuck with their property in the false believe that they have had a Charging Order put on their property. In particular the thousands of Northern Rock…
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NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
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Reclaiming money back from various payday loan companies
Hi all just wanted to share some good news regarding payday loan companies..... From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20. Early this year I saw all the news…
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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
This thread provides guidance about some good first steps you should take if you are in debt and want to get debt-free. It doesn’t matter how big or small your debt is, or whether you are comfortably paying your debts and looking for advice on where to cut back further or struggling to cover your basic needs - we are here…
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Pls remember Debt-Free Wannabe's for support and help not judgement
Martin (Lewis) made the following announcement a few years back. But the link in the stickies is broken. Anyhow, here is what Martin said: "Dear Money savers..... Debt Free Wannabe is one of my favorite boards on this site. It's also one which runs a delicate balance. Many people who have serious debts have hidden them for…
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DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health Help and Guidance, all here.
Debt-Free Wannabe Sticky - Please read for links to important topics and help Hi folks :) This is the Debt-Free Wannabe Sticky where links to all current important tools and information will be posted. Links: (1) Those who are new to debt, and want to know where to start, check out these first steps :…
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Statute barred debts and the Limitation Act
Statute barred debts and the Limitation Act Statute Barred debts. A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period. The debt would then be legally UNENFORCEABLE, unless the creditor has already taken legal action…
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Best way to split £3k to pay off credit cards
Hi, I have a £3k work bonus (after tax) coming my way in Dec. What is the best way to use these funds to pay off my debts below? All the APRs are similar. My plan was to pay off card 1 and close the card, and then reduce overdraft down to £500. Or should I consider another plan? Thank you. * Credit card 1 = £2,000, minimum…
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DRO - Paying off part of my debt to meet criteria
Hi all, I meet the criteria for a DRO except my debts total £70,000. The maximum limit for a DRO being £50,000. I could borrow £20,000 from family to bring me under the limit. Is this frowned upon? I have read that I could be refused a DRO if I did this. Does anyone have any experience of this? Many thanks.
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Not my Debt: Bailiff Action
Hi all My son (aged 20) has a car parking fine from a Council. He hasn't paid the fine and the Council are threatening bailiffs. My son is now at Uni. The debt is registered at my home address where I live, and is my sons permanent address when not at Uni. I am not going to pay his fine for him and he needs to sort this…
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CCJ Judgement from unpaid loan
Hi all. I'm not sure if I posted this in the correct category. Adding my questions at the top: - Is it normal for stays to be removed and judgement entered on the same day? - Is it normal for a judgement to be entered a second time after submitting an N244? - On a personal note, I really feel that the solicitor begun…
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Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
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What’s the best debt solution?
Hello, I’ve tried to do an SOA and confused myself thoroughly so I thought I’d just begin. Up until very recently I was poised to go into an IVA. My financial circumstances have changed drastically and I now have more income than I thought. My partner’s finances are separate to mine, and have to stay that way because of…
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Sleep managing hsbc hesitant blip help
Hi all, My husband and ibad debts of 42k and in 2022 started a dmp for 18 creditors. We didn't read this forum and didn't know aobut waiting for them to default but we through sc in 2022 This year we requested ccas, SC kindly put the creditors 5 x link on hold while we waited for them back. Then we got them back bur…
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Overwhelmed by debt - Progressing down Default and DMP route - Advice and help needed
Hi, I've not had a good relationship with credit and debt throughout my adult life, initially starting around 15 years or so ago when I got into a catalogue and payday loan cycle following me and my now wife renting our own house and having children quite young and not knowing any better. We got out of this with the help…
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Debts and DV
Hi, it’s been a while since I’ve been on here but I really need your help. i have recently ended my marriage which included physical, emotional and financial abuse. I have been in contact with CAB, they say it will be hard to get any write offs due to financial abuse but they will try. My husband was in and out of work and…
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No Default on credit but a threat of CCJ
Hi. Hope someone can help me. I have been reading up on the forum regarding debt and paying off some monies that I can afford after being defaulted. 2 of 3 debts have become a default on my credit file. However, my NatWest debt hasn't defaulted. I have rather received a letter threatening me that they will do a CCJ if i…
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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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I'm a little confused with ACI
I am a little confused with a debt that I am currently paying off, it was oakbrook loans and the debt was passed on to ACI. This is where I am slightly confused they don't appear on my credit file, I had letters from them in the past which have been Mr instead of Miss so slightly confused with that also as my friend who…
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Questions about a DMP and £50k in debt
Hi everyone, over the last couple of weeks I've been focussing a lot on getting our debt in order as our outgoings on paying of credit cards is unsustainable now that I've realised we're going about £230 over every month and using credit to pay for food etc. We have around £48000 across 5 credit cards, a £500 overdraft and…
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Bank details for moorcroft?
Hi does anyone have the bank details for moorcroft. Every other dca has their bank details clearly on their website. Trying to set up a standing order for a self managed dmp. thanks
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Debt been sold but no default?
So Ive stopped paying my consumer debt with a plan to enter self managed DMP. My credit report does not show any defaults yet but I have received a letter from Link Financial saying they are taking over my lloyds debt. So far I have done nothing and have just been waiting it out. What should I do now, do I contact these to…
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Does a guarantor transfer when a debt is sold?
My daughter recently completed her first year at Uni where she stayed at a halls, and I had to co sign her contract as guarantor. She met her boyfriend who lives and works locally soon into the course and when she finished year1 they decided to flat share together in year 2, and they went staright ahead and rented from…
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Field Agency Face to Face Visits
Hi, I am doing a self managed DMP. Most loans will soon default. Today I received a letter from Abound, Fintern Ltd which says "Our chosen field agency will attempt to engage with you via a face to face visit to reconnect you with us" From reading many of the posts on here I didn't think debt agencies did face to face…
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Exiting DMP before mortgage application
Hi. Firstly unaware if this should be here or the mortgage section so please feel free to move if it is more relevant there. I have been in an active DMP for over 6 years and now looking for my first mortgage. I wish I had done more research into the effect the DMP has outside of the defaults as I would have gone…
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Does VeryPay have a contact email?
Hi there, I'm currently in the process of paying off all my debts and one of the only ones that I need to contact is VeryPay. I have around £600 on a store card, half of which is "buy now pay later" which I intend on paying next week. All the contacts I can find for Very appear to be via mobile, which as an autistic person…
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Title: Starting a DMP but Debts Defaulting at Different Times – Worried About Legal Action (Joint De
Hi all, We’re looking for some guidance about starting a DMP and would really appreciate some advice from people who’ve been through it. Our joint unsecured debts total just over £130,000, and they’re all at different stages, so they’re going to default at different times. Our original plan was to wait for each one to…
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