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28k in debt - totally stuck but want turn it round…
Hi, I’m very sad to say over the last few years I’ve run up a stupid amount of debt - I feel so ashamed. I think there’s some underlying reasons behind this but I essentially have spent way over my means and then started gambling to try and get it back… I have a wife and two young kids and I basically want to sort this out…
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Trying to reduce interest loans - getting declined
Hello there, So, I've been doing some cost calculations, I occasionally check my finances and see what I can do to improve things. At this point, I have two loans working out at £17,400. paying these off with the interest is working out about £548 a month, I can afford this but I want to try and consolidate and try and…
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Would you consider this a LBA?
Hi All, Would appreciate your advice? Can this be considered as a letter before action? Thanks
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Is an Affordability Complaint an effective way to get a default amended (or removed)?
I've been in a PayPlan-managed DMP since August 2019, and until recently, I believed I would have to slog it out for a few more years (based on projections) to pay the whole thing down. However, circumstances have changed, and I will have enough money to pay off all my debts next year. Despite being in my DMP for this…
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Zopa Default
Hiya, just looking for a bit advice please. Had an email from Zopa saying they have issued a default notice on my loan and if I dont reply to this the full amount will be due. I'm assuming this is what I'm waiting for? They've said if I donr contact them then the full amount incl interest will then be due. ( I currently…
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Debt Help Wescott - Aqua
Looking for some help. Im in the middle of setting up a DMP myself. Going well with the advice of everyone so far but I'm a bit stuck on what to do with this one Aqua balance 7800 Last payment January 2025 Account passed to wescott to manage (Not debt brought) in May 2025 Aqua defult letter sent August 2025, not yet on my…
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Is it hopeless?
I am in around £50k of credit card debt across a number of cards. I was off work sick for a long time and eventually put onto nil pay for eighteen months. During this time I built up debt on my credit card paying my mortgage and other costs. It was stupid I now realise. I have been back in full time work for nearly two…
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Checking In before starting my Diary
Hi, Found this Debt-free wannabe while searching internet for solutions to my rapidly spiralling situation. I wish I had found it before.... My first Credit Card payment got bounced by my bank this week for insufficient funds. :( I could have made the payment JUST but did not realise I did not have the funds in the Bills…
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Stepchange DMP, payments
I have applied for DMP with stepchange, I have given 3 different payslips as my pay can be different each month as sometimes I do get offered overtime, but this isnt to often, how will they average my pay? Will they look at my highest payslip and go by that or go by my lowest wage earned?
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IVA to DMP
Having struggled with my IVA for the past 3 years, I've just spent the past hour on the phone to StepChange and they've recommended a DMP. My IVA is about to fail and I've been looking for alternatives. The IVA took into account my wife's full salary even through she had her own IVA so this left me considerably out of…
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Making an offer of settlement
Hi Everyone! We have around 24k of debts on our DMP and it's not due to finish for some time. The stress has been unbearable and whilst I am 'coping', there doesn't seem to be an end. We private rent, so aren't able to sell property in order to pay the amount owed. We have been on our DMP for over two years and haven't…
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Thinking of entering a DMP in late 30s. I'm genuinely scared.
Hi everyone. I hope you’re all well Please accept my apologies for the long message but I really could do with some advice. I am falling apart. I can't sleep well. I just don't know what to do anymore. I'm in my late 30s and have completely !!!!!! my life over. Left a toxic job in April, found out they were scamming…
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Affordability complaint with FOS - bank statements
I have 2 Newday Credit cards that I have taken to the FOS. I have been allocated my investigator and she is asking for statements for every time I was issued a credit increase. So basically 2 and 1/2 years of statements. What will they be looking at when they get them? I was always in my overdraft and the statements shows…
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Lantern Debt Purchaser/Collector
My Bamboo loans defaulted and sold to Lantern and they have emailed to ask me to call today or within 5 days to sort payment plan. Do I now call them and tell them what I can pay? Any ideas what they will also ask? I’ve never heard of them. I don’t have any bank details off them telling where to pay just this email saying…
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PRA partial settlement
Myself and ex husband are in a personally managed dmp which is over 6 years old so defaults are no longer showing on our credit files. We both have debts with Barclaycard that were taken over by PRA group. His debt is £6,800 and mine is £14,800. We have just got divorced and are able to settle these debts with the sale of…
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Unaffordable lending
Hi, I had success with an unaffordable lending complaint against Zopa a couple of months ago. at the same time, I had escalated a complaint against Ratesetter for a £15k loan and Virgin credit cards (x3). The Ratesetter was rejected by Ombudsman (after appeal against Investigator decision). 2 of the 3 Virgin Ccs are…
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CCJ not statute barred?
Hi all I took over my brothers finances many years ago & have LPOA. He was in a lot of debt which I slowly managed to repay over several years, this was around 12 years ago. It now looks like one of the debts slipped through the net. He has had a letter from a debt collectors requesting payment of a bank debt. I sent them…
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Debt from 19 years ago
So I had resolvecall come to my door said I had a balance of £318 (I’ve got a dmp with stepchange )so I said am I not paying this with stepchange got me to phone up the company spoke to them this debt is from 19 years ago and today I got a different letter saying I owe £1241 with shop direct I’ve no idea if the company got…
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Bank account closed, but still overdrawn
I recently queried a default on my TransUnion credit file and found my current account with Coop Bank that I closed four years ago, in May 24, was £210 overdrawn. I moved home and hadn't updated the bank of my move as I thought the account being closed was the end of it. They claim to have sent letters to that address…
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Being chased by UKSearch Limited for a utility debt that is not ours - advice please
* My wife has received a letter at our current address from a company called UKSearch Limited claiming that she owes about £250 for an unpaid water company bill at someone else's address for "water supply arrears". * We have never lived there. It is not our debt. * It is a mystery why my wife is now being targeted for a…
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