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ACI / Updraft
Hello, I posted my first post last May 2025 mentioning I was approximately in £70k of debt due to gambling. Today, I am mentally feeling a lot better with my debts across 11 creditors at £57k so I'm immensely proud that the balance is going down. I did go self managed and found thing so stressful so I went with PayPlan for…
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Lost court cost expenses
Hi al I have a debt of 10k from the council It has not gone to the bailiffs yet as very early. I jave mit got a formal letter yet from the council Ive just been told what the amount is. Does it matter what the debt is actually for from the coincil as to wether they offer a payment plan? Its mot council tax debt its debt…
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Irresponsible lending complaints advice
Hi, I'm just looking for a little advice regarding my complaint responses. Virgin CC have refused the complaint so I've sent to the FOS. Barclaycard have replied to say yes they agree I shouldn't have had the last increase from 6k to 7k so have dropped the limit back to 6k and ive just received response from Castle…
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Halifax default after account misuse – debt now with Wescot – next steps
Hi all, I’m looking for advice regarding a Halifax account that has recently defaulted and been passed to Wescot for £410. In late 2024 / early 2025 I was introduced to some individuals by a mutual friend. I was told they could help me make money through crypto-related transactions. I now understand this was a scam /…
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Best way to manage
Hello, I currently owe 6,000 on a credit card and I am able to afford minimum payments each month. After 2 years I am now being charged interest of 26.0% - 30% compound equivalent, meaning of the £250 payment I make £122 will now be the interest. I also use all of my £500 overdraft every month. I am unable to get a 0%…
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£57k debt - Stepchange or self?
Hello, I (29M) am finally resolving my debts after years of letting it get worse, I found myself trying not to miss payments and so took out further money which got me into this hole. (Not missed any payments on anything) I have 4 loans, 3 credit cards and 3 overdrafts and I am looking at a DMP with Stepchange, I can…
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Consistency in Financial Ombudsman Affordability Complaints
I currently have 6+ complaints in with the Ombudsman about numerous cards and loans. I am struggling to understand the lack of consistency in their investigators findings. For example, one investigator has agreed that one company should not have given me a loan of £4000 in late 2024 due to the fact that it was plain to see…
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Pension Payout used for paying off debt
I'm at an age now where I'm thinking about possible retirement and looking at my pension options. One of those is that I can get a 25% pay-out when I turn 55. As I have a significant about of debt, 30K+ that is manageable and reducing, paying £1000+ per month. I wondered if it would make sense to pay off that debt using…
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Verify Home Visit
Hello,I owe a couple of debts from an old address about 13 years ago.I never informed any company I owed money too that I was moving.I have recently received a few letters from debt agency's at my new address which I have ignored.The mist recent 1 is from Verify saying they are sending someone for a home visit.I have not…
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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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