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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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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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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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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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Self managed DMP? Need advice
Hi I'm feeling very stressed at the moment. I have 25k unsecured debt and at the moment I'm just about managing to pay them with nothing left at end of month. In June next year my widowed parent allowance stops so I lose 720 income so then I will not be able to manage. I have one or two missed payments and an arrangement…
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Advice on old/current debt. Out the blue.
So i have received the letter below as 1 of 2, personal Credit card and a seperate one more or less identical for a personal loan. Looking for some solid advice on how to proceed. Just received them and do not want to leave something too late. Background info :- IT Contractor. * Had accident in August 2018 was ill for a…
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Token Payments Ending - Worried about what happens next
Last year I went to StepChange and they set up a token payment plan of £1 per debt on my plan, and that has gone well despite still receiving letters almost every day from numerous debt collection places (Lowell etc) but this plan is coming to an end in October, apparently that's the maximum length of time it can run for.…
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Full and Final Settlement - Link Financial
I have managed to settle all of my accounts over the last 6 months through negotiation even a mainstream original lender with the exception of one debt with Link Financial. Despite numerous offers they have countered with a figure which only represents minimal discount way off what my other creditors settled on. When I…
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Overdraft on DMP not defaulting
Hi all, I'm in a bit of Limbo between Stepchange who are managing my Debt Management Plan (DMP) and Lloyds (who I have an overdraft with) and neither are able to advise in way that feels helpful (though those Background: Started a DMP a few years ago with Stepchange, which included a loan, 4 credit cards, and an overdraft…
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Reached end of the road - 54k debt
I've posted here numerous times over the years when in some sort of debt crisis or another, but feel like I've hit the end of the road. I earn 42k a year and I'm in debt to around 55k a year. My debts are currently as follows, Credit Cards and Loans Virgin1 - 1404 (Interest free for another 16 months) M&S - 2501 (Interest…
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CCSCollect email
hi all, I’m in the process of letting my debts default. I’ve not had any default notices from sky who I purchased a phone and iPad from, but I’ve had an email from a CCSCollect saying sky has passed their account to them. They’re asking for me to set up a payment of 2 missed payments. Do I still ignore to let default?
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Thinking of a DMP
Hiya, I have come across this forum and it is so helpful and reassuring. I have around £70k of credit card and personal loan debt (my husband lost his job 4 years ago). Mentally and due to some physical issues he has only been able to return to work part time and earns a third of what he did previously. Add to that the…
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Resolvecall letter
Hi all, This morning I received a letter from Resolvecall, apparently they've taken over a Capquest thing for me and they're going to attend my address if I don't contact them. The debt (Capital One) they're talking about is probably over 10 years old. I've had a Capital One account since with no problem and the balance…
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Self Managed DMP and HP Agreement Question
So I am cozily in my self managed DMP, making a savings pot and all priority bills up to date. I currently have a HP agreement (which has just over 2 years to run) for a Hyundai i10 - which I use as a runabout. Stepchange were happy for me to keep and continue with this (when I was with them) I guess my roundabout question…
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ACI Acting on behalf of Castle Community Bank
Hi all, Two of my defaulted loans have been sold to ACI, and I’ve set up a small monthly standing order to pay towards them. ACI are also acting on behalf of Castle Community Bank for a third loan, which has now defaulted but hasn’t been sold to them. I’m wondering whether there’s any reason not to start making small…
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I just wanted to say how proud of us I am.
We had massive debts - about 60K around 2.5 years ago - Managed to get it all but 3K on 0% interest free for 30-36 months and now we are down to 6K with 18 months to go.. Paying off about 2.5-3K a month so won't be long. We are not struggling either - suprised how much we have to clear the bills and I even manage to still…
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At breaking point
Hi all - I am finally facing my debts head on and want to take meaningful action. I'm at my breaking point, my mental health is suffering and I have never felt anxiety or stress like this before. I'm looking for some advice on what the best option is for me. I have completed a SOA which is showing a monthly deficit - will…
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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Disability & Unsecured Borrowing
To lay out the facts. Aged in 50s, forced to leave work last year due to declining health and stubborn employer. Live alone, I have recently been placed in the support group for ESA. Only 3% of people ever return to working from this group. it's highly unlikely I will be one of them, given my health issues (physical). I…
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yet another Intrum case
I am yet another who has been affected by Intrum chasing debts they are not allowed to enforce. I had a number of debts that became statute barred many many years ago and Intrum seems to have purchased them all over a period of time. It is the same cycle that I have seen others post on this forum after considerable…
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60k and counting...
Hi everyone, I’m posting because we’ve reached the point where our £60,000-ish debt is becoming completely unbearable, and I think we need to be brutally honest with ourselves and get some outside perspective on what we should do next. Our money problems really started towards the end of 2024, when my wife was made…
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What would you do…..
I’ll keep it short and sweet! We’ve been given 7k unexpectedly as inheritance money - which we are incredibly grateful for. We have 7k worth of (interest free) debt on a credit card. I want to clear the debt! My husband (who relative kindly left this money to us) is worried we will clear the debt and get ourselves into new…
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IVA query, doubts...helpful advice welcome
In a nutshell hoping for a bit of advice from those in the know. Credit card debt, at stage of vicious circle paying minimum payments. Had hoped for a loan to pay off cards but nothing doing there, credit history appears poor due to now renting and although always paid my way on time i am just in too much debt. Oh a whim…
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Is a debt settlement worth it for the partial settlement notice on a default?
I've been in my DMP for 3 1/2 years now, started with 22k, 16k has been paid off in that time. So in addition to this and a separate account I ended up defaulting on afterwards, I have about 7.5k to pay down. I finally decided to tell my parents about this and have offered to help using money they had saved for a house…
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