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debt free wannabe (huge financial family mess)
Hello, I have this MASSIVE family financial issue and I am not sure how to resolve it. Help, please! My husband has no income as his two business are not producing any profit (and they never had since 3.5 years ago, when he started them). My income is good, but not enough to support a high mortgage and a family of 4 (2…
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10 Year Old Catalogue Debt
I have just received a letter from a debt recovery agency about a catalogue (Fashionworld but changed now to JDWilliams) debt from 10 years ago.I have not had any contact about this debt in all that time.It is for £1500....Would this debt not be statute barred and what would my next steps be.I am in Northern Ireland..Thanx…
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DMP and Lump Sum
Hi, I have an incoming settlement from a divorce (buyout from FMH) of £38k. I have £30k in debts across various credit cards which were needed to start my life from scratch unfortunately. All debts have defaulted and passed to agencies, currently paying £100 a month through a DMP with StepChange. I understand that I will…
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DMP Journey
All I am three months into waiting for accounts to default following missed payments. I have 6 creditors owing approx. £92000. I have done a SOA with stepchange and I can currently afford £500 a month towards paying off my balances. I am self managing now after identifying a workable budget. I made affordability complaints…
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Making a full & final settlement offer
I am currently in a DMP that will take 14 years to complete. A friend will give me money to make a full & final settlement offer. Should I make the offer through my DMP provider or go to the individual creditors myself?
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Is there a list of who creditors sell debt to
Is there a generic list of which lenders sell their debt on and to whom? And which creditors use ‘in house’ collections? Which lender is likely to go for CCJ (or decree in Scotland) I’ve tried reading back through some threads (the search function on here is hopeless - or maybe it’s just me!) I’ve accounts with; Natwest…
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Advice on SOA for DRO please
Hello It took me several weeks to face my debt and trawl through statements to make an accurate SOA. I was intending to get a DMP but spoke to Debt Camel on Instagram who said I should be looking at a DRO. Would appreciate any advice on the figures, have written in brackets on the ones that I am concerned may not be…
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Capped gas meter
Hi can anyone help please My boiler is 15 years old and I have informed my council that I cannot afford to run this system and they sent a surveyor out to inspect property which they did and he requested new boiler in january 2024 in March 2024 my annual gas check was done and as I had not been using the boiler and there…
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Going for DMP, Should i still pay the cards that are within the balance transfer promotion window?
Hi All Finally taking the plunge to sort out my debt, I'm looking to go in to a DMP, for now i stopped all credit card payments, my question is regarding 2 cards that i took out a balance transfer for zero interest and it is still within the promotion period so the monthly payment is around £100 each, can i stop these too?…
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Resolvecall chasing old debt
Hello, I’ve just had a door knock from resolve call, who are saying I owe a debt to Orange from 2005 of around £400. They sen a letter last week which I ignored. I don’t recall owing them anything, and have never been contacted regarding the debt before now, as far as I can remember. Am I right in thinking they can no…
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Resolvecall collection letter please help
hi all. I have received a letter from resolvecall with regards to a date I owe to Orange. I don’t recall this debt, Orange went out of business years ago. I understand that I have to send a prove it letter, if I sign the letter an I admitting that I owe this money because I don’t believe I do. By signing it does this give…
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In a lot of debt
(Scotland) I have found myself in a bit of debt - quite a lot actually. £39,000. Made up from various credit cards and couple of loans. This month is the first for missed payments. I am trying to build an emergency fund whilst I wait on default letters. However, I have a small issue. I am still relying on credit cards for…
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Contact creditor or continue to wait?
MNBA and Lloyd’s credit cards reported default last year July 2024. I do have affordability complaint ongoing with the Financial Ombudsman. I haven’t heard anything from Lloyd’s and MBNA since account was defaulted in July 2025. Wondering if I should contact them to set up a payment plan or just wait for them to contact me?
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Responding to Kearns Letter - Link Financial
Happy New Year to you all. If anyone can advise, that would be very much appreciated. I received a Kearns letter while I was away for the fesitve period and just returned and have 7 days to return before their 30 day stipulated period expires (assuming this is not 30 working days which would give me another 2 weeks). I…
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Needing some support/advice
Hi everyone, I’m really struggling and could do with some advice/support, as I’m at the point now where I can’t afford to repay my debts. Sorry if this gets long I know I will ramble. I’ve always worked from being 16. Back in October 2024 I was headhunted for a new job and took the opportunity. 2 days before starting I…
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new debt collector after CCJ
a friend had a CCJ for a debt in 2001. she didn't pay & it was never chased up. 4 years ago another debt collector sent her a letter requesting payment, they seem unaware of the CCJ and do not have a credit agreement. Unfortunately she made a payment, They are now threatening a home visit. The CCJ is out of date & they do…
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Who can I pay for professional advice on debt management?
I’m a contractor operating through a limited company. I currently have unsecured debt which is being consolidated via a proposed mortgage further advance, and I also have overdue Self Assessment tax to manage. I’d like guidance on whether the further advance is the right strategic decision and help building a structured…
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Ombudsman complaint on hold
Hi there, I received the email below today, in relation to 2 complaints against Virgin credit card complaints that were upheld by the investigator… Virgin didn’t agree, so it was escalated to the Ombudsman a couple of months ago. I’ve not paid anything in 12 months and both had defaulted but are no longer showing on my…
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Debt Management Plan
Good afternoon all, I hope this finds you well - sorry if i have not posted this in the correct place. I have broken up with my partner for the right reasons, however we had credit card debt which was solely in my name so now i am lumbered with it all. It's around £40,000. These are made up from several credit cards. After…
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Help after gambling
I’ve been a nurse 40years never needed financial help. Unfortunately I started gambling while on medication for Parkinson’s disease. A well documented side effect of these meds. Once meds changed I stopped altogether. But the damage to my credit score is done. I need my car for work, but my car needs work doing on it. It’s…
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