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DRO partners mortgage
Hi I’m looking for advice/ reassurance regarding a debt problem. I am currently 1 year into an IVA however after having an accident my circumstances/ situation has changed and I am struggling to make repayments. I now believe I meet the criteria for a DRO however after speaking to moneywellness today on the phone they have…
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Missed 1 DMP payment with stepchange
Hi all , due to a dental emergency, I had to miss this month's dmp payment, I've had the plan since September last year this is my first missed payment . I spoke to stepchange this morning and they were OK with it and I assured them I will make next month's payment without any problems . But I'm worried to death my…
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Iva termination
Hi, this is my first time posting so I apologise if it is in the wrong thread. I was wondering if anyone had any advice to a situation I have stupidly found myself in. Basically my debt was getting out of hand and out of desperation I signed up for an Iva last year. However due to circumstances this is no longer affordable…
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Would DMP be the best option?
I have been struggling with Debt for the past couple of years as and it has spiralled out of control and I am looking for advice on the best course of action to address this. My income after tax is £1974 and my household expenses (not including debt payments) with my share of the rent (living with partner) is £1771. I have…
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More troubles with Cabot
This discussion was created from comments split from: Cabot - wanting more!.
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Unenforceable? N*xt
Hi all, I've been in a dmp since 2022 and sent cca requests out in March, I just received this back from Ne*t. It doesn't say unenforceable and I'm not sure what 'Executed' CCA means? The account defaulted a while back. The amount is for just over £200. Can I stop paying this one, letter attached? Thanks so much for any…
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Step change to pay plan
Hi all. Is it possible to move from step change to pay plan. I ask this as I have stupidly required some more debts and feel like I would just like to start a fresh. Thanks
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Cabot - wanting more!
Hi I have been paying a debt to cabot, for many years. The debt is probably 12 to 13 years old. The debt has passed through many debt collectors in that time, however recently cabot have sent me letters asking me to increase the monthly payments, which I admit is not a great deal. The letters are increasing, I'm getting 1…
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Letter of Claim advice please
Hello everyone, I have an issue around a letter of claim that I'd like your help on please. I've had a few letters from BW Legal on the behalf of JC International Acquisition claiming that I owe them just shy of £500 for a debt that I owe to Sky UK Limited. Before we get too far into this I just want to say I've never had…
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DMP or try to attack debt myself
Looking for some advice or comments from those that might have been in similar a situation. Have posted this on Reddit but was told this is the where the knowledge is at. I have had debts in some form for around 5 years. I was making solid progress to clear these in 2022 however got a bit reckless in spending in 2023/24…
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AMEX and defaults in self managed DMP
Just posting here to see if anyone had experience as to how quickly AMEX default? 2 payments have been missed and the interest is climbing rapidly so keen to know if anyone had experience of this? Many thanks
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Received my first letter from Debt Recovery
So this morning I received my first letter from a Debt Recovery for a Marks and Spencer debt - a little bit scared. There is now a default showing for this debt only on my credit file. Waiting for info on the other 4 debts. Here is my thought process. * Make an updated list (nothing has changed since I stopped paying in…
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Helping Dad with debt
My dad is about to retire due to ill health and has debt with companies such as Lowell (around £2k), Cabot (around £2k) and capital one (£?) as well his mortgage (£9k) and a loan (?). I’m trying to help him pay off his debts which I have just found out about as he physically cannot keep working. The loan company has not…
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Approaching 6-year mark but Lowell reapplying default to credit file?
Hi all, I am approaching the 6-year mark (thankfully), but the company, Lowell, appears to be attempting to reapply the default to my credit file. From reading, I understand that once an initial default has been entered onto a credit file, it cannot be re-entered or reapplied but I am concerned this is a loophole that some…
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Affordability complaint query
My four NatWest accounts are with the Financial Ombudsman, and I’m just wondering ‘IF’ they upheld it, what would potentially happen with the interest, etc. I had two credit cards, one was a 12% that did have the limit increased on a few times and was my oldest and I’d regularly balance transfer off it to other cards,…
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Cabot Experience
Cabot have been writing to me for around 3 years for 2 credit cards debts they have supposedly bought. During this time they have wrote to me on numerous occasions, recently with increasing frequency. Is it usual for them to chase debts for so long without any engagement before seeking a CCJ? Does the length of time these…
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Capquest
I have had the same letter saying that i owe money from 2001, i have just phoned them and explained that it isn't correct and they have told me they closing the account, phoning back now to get confirmation email
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I am stuck
Hello there, I am a bit stuck on what to do. I owe around £30k to debt. I am a homeowner and do have money in (our) property. However, I cannot get to it because we also have a £75,000 Help To Buy loan on it. If I start a Debt Management Plan I can't buy out the £75k. If I don't buy it out I can't take out any of the money…
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What to tell StepChange
I suspect the answer may be “the truth”, but I’m putting off trying to get through by phone to SC as I think I might be dissuaded from my plan! DMP first payment was April and I paused it in May. Affordability complaint with Financial Ombudsman for 4 NatWest accounts, all passed to Moorcroft and I don’t want to pay…
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Anxiety Over Self-Managed DMP
I was asking advice here a few weeks back re self-managing my DMP. It’s newly set up with StepChange who took first direct debit in April. I’ve asked them to pause May as I had an unexpectedly expensive April 🤦♀️ and I haven’t yet built up an emergency fund to any great degree, which SC have agreed to. I was on the verge…
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