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DMP Self managed or third party help?
So I'd decided a self-managed DMP is my best route to clear my 60ish of credit cards / PayPal credit / very accounts. Ive spoken to my partner (we share a mortgage) who I live with and my kids and been honest about everything, he is shocked and naturally apprehensive. He is worried about debt collectors coming to the…
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Lowell debt close to being statute barred HELP!
Hi, So I need some advice because we all know how stressful dealing with lowells can be! I'll try and make this short.... I took out a loan with Lloyds bank a long time ago but made my last payment on 17th Dec 2018 (so very close to now being statute barred) Following a relationship breakdown and a mental breakdown I…
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Bank account question Re: DMP
Im reading through old posts here and learning alot....Thank you everyone! My plan is stopping debt payments to enter a DMP. I have 2 joint accounts with hubby, both with overdrafts which I am trying to pay so as not to drag him into this (well as much as possible!). We have one account where the mortgage and other…
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Debt Free (for the 2nd time - and that’s the rub)
TLDR - Am I right to be scared of any debt after a long history of problems I’m 56 and been in debt pretty much since I started work at 17. I’ve never been in “trouble” apart from some dicey moments with poll tax in the 90’s, as my income has always been just enough to survive- albeit living from payday to payday. 12 years…
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Opening new bank account to avoid bank offset charges
I posted back in January about my husband suddenly dying and leaving me without any income. I had £2,500 on my 2 credit cards that I just couldn’t pay. I took advice from here and wrote to Barclaycard and M&S informing them of my circumstances and asking for a few months break from payments while I tried to sort things out…
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Defaults have begun: self-managed DMP
Hi everyone, This is my first post, so apologies in advance for any newbie mistakes. I’ve been following this thread for a while now and have been taking on board the advice shared here. Like many others, I found myself stuck in a cycle of growing debt, with interest payments becoming unmanageable; all stems from a…
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Pleaee help. Had this email 3 times
Dear, (Removed by Forum Team) We have made various attempts to contact you and given you many opportunities to respond us regarding your debt owed. Despite our contact, we have still not received a satisfactory response from you. We must now proceed with enforcement by removal and sale of your goods. You should note that…
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Switch before DMP
Hiya, just starting to stop paying debts ready for them to default before starting. Dmp after reading all the advise over the last few weeks. I have a loan and overdraft with Santander who I bank with. If I cancel the direct debits for my debt and then switch to Barclays will that work rather than having to change it all…
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Advised to DMP
Ive been in contact with stepchange who have advised DMP. None of my debts have defaulted - I have just missed my first payment I panicked with Stepchange and asked for breathing space (expires on 4th August). Stepchange are asking for further details such as wage slip with address etc...so has not been setup on DMP with…
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affordability complaint
Is it generally worth appealing the first decision made by the financial ombudsman if they do not uphold your complaint? Specifically they state the lender could have considered transfers into my account I identified as my partners income and child maintenance as income, which raised my total income by 2300. Should my…
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Progressive Illness and Debt.
Hi all, Hope you're well, i have been suffering from a Neurological condition for over 8 years and sadly over the past 6 months it's been progressing quite rapidly. I have had to leave my job due to my illness. I am struggling to pay my NatWest Credit Card i have explained my circumstances to them and they won't budge at…
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DMP and Bonus
I'm on DMP, paying off 5 different loans etc. I've got a bonus in my work - what should I do? 1. Transfer that to DMP, and they split that among all creditors 2. Or select one creditor and ask them to settle the debt for some percent of the total amount (60-80%)?
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Debt collector contact GDPE
Hello all I’ve been reading loads of posts on here and have all been really helpful so first thing today is a huge thank you to all the contributors. I have a lot of personal debt, and following advice on here I will start a DMP once I’ve got defaults from creditors, I’m feeling ok about all that and in control. Specific…
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Do I do an IVA?
Hey guys, woild live your thoughts on this, as all of your advice blows my mind every day! I am shared ownership 50% - zero equity. Single 35 I have about £35k debt including unpaid council tax that has gone to ballifs to take goods. I got in a spiral when I lost my mum and just borrowed as my income went down (commission…
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DRO or DMP I don't know?
I ws made redundant at the start of the year and now work part time for minimum wage and I became a carer for my Father who has Dementia and is living with Cancer. I had been plugging the gaps in my finances with the small savings I have but started to realise this wasn't going to be sustainable. I took out a loan last…
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Debt help
Hi looking for some advice I’ve got debt collectors visiting my house and emailing, texting over a debt from next. Next had emailed me 2 emails one stating that my account was paid in full and that I had cleared my debt ( I haven’t this was sent in error from them ) and one apologizing as it had been sent in error. Could I…
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Zopa Affordability Complaint - Nearly there...
Just wanted to share some news.. I raised an affordability complaint with Zopa for a £20k loan in December. Zopa rejected my complaint and also my appeal. So, I raised the complaint with the FOS in February. Having submitted evidence (bank statements etc.) I seem to be nearing the finish line. The FOS are viewing in my…
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DMP Starting Advice First Default Zopa
I'm in the first stages of self managing my own DMP. I owe to Zopa Nouvuna HSBC Bounce Back Loan Very Aqua credit card - Passed to wescott to support collections but not yet defaulted Original amount to Zopa 25000 but due spiralling debt I can no longer afford the £568 per month payments. I've had this letter from Zopa, I…
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Moorcroft - home visit
Had an issue a few years ago with competition sites, sadly resulting in a significant debt as those sites accept credit cards and aren't considered gambling (already had issues with gambling in the past). Been ignoring it for a couple of years, wrongfully, due to the shame of it all, it got me in a really bad head space…
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Default or AP
Hello, Trying to keep it short, I had a lot of financial issues about 3 years ago, had a cancelled Iva too which has completely ruined my credit as couldn’t remove! Still have 3 years remaining of around 8-10 defaults around 8-10k of debt. Recently went away and unexpectedly had a huge bill with EE over £500 had a credit…
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