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Am I liable for this debt
Hi, I'm not sure if this is the correct area but I am after some advice. I checked my credit file a few weeks ago to find a random default on my it, the amount is only small £65. But I can't see how I am liable for the debt, and it's principle that's stopping me just clearing it. Reverse to 2020 and I was going through a…
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DMP for £60k worth of debt...ready to tackle this!
Hi Everyone – long time lurker about to embark on my self-managed
DMP journey. The main point of my post is to explain how I’m going to go about this, for you
guys to tell me if there’s something I can do better or in a different way and
questions that I have. Are their any tips you may have to help this all go smoother? I…
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Just pulled my head out of the sand
Hi everyone, I have been lingering here for some time and have spent hours and hours (mainly through the sleepless nights) reading posts about self-managed DMPs. I have finally “pulled my head out of the sand” and decided that it is time to take control and to try and eliminate the constant sicky feeling I have around my…
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High debt - IVA or DMP?
Hi All, here is my situation: I am in the deep end with unsecured debt, have been spinning plates for months swapping payment dates & recycling credit card debt from cash machines to keep up minimum payments. Strangely enough I honestly didn't realise the full scale until I sat down and calculated it all. My SOA from lemon…
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Letter of Claim
Hi Kearns have sent me a letter of claim today. The debt in question becomes statued barred in early July What should I do? I cannot send the statued barred letter yet as not yet statued barred, but I need to delay until then without saying I agree to this debt. Please advise what I should do. In this letter of claim says…
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Debts and mortgage
Hi All, would appreciate advice on the below currently have large loans (unsecured) now can’t afford them due to health issues for both myself and partner. we have managed to ensure our mortgage is payed to NatWest, however our large loans are with NatWest also, they are not secured to the house, if we continue to not make…
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Taking out loan to pay off debt
My girlfriend has around 5k of debt through a variety of things, cards, PayPal credit, very,next etc. By the time all the monthly bills have come out she is left with hardly anything which means I’m now having to pay for more which is affecting my finance. We are both low earners but never miss a payment. Would it be a…
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Debt Relief Order £90 fee refund due for some
Anyone who was thinking of taking a DRO (debt relief order) and who paid their £90 fee, but did not submit their application in the end, is now due a refund of the fee they paid. This applies from 2016 onwards, the fee has recently been abolished to make it easier for those in debt to get help. See the link below for more…
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Assets
If someone had visits from DCAs, would they be interested in the car you had on the drive? In my case I have a Kia 2016, which I have a service plan on and it usually gets through MOTs without an issue, so actually I would hate to have to sell and buy a banger as I think that this would be false economy as it never causes…
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Help with my debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
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DMP (Stepchange) and redundancy
Hi All, Slightly speculative and hopefully not needed. My employer has issued noticed that redundancies are coming. I should know before the end of this week if I am at risk. In the meantime the waiting is difficult and I have many questions about what will happen as I am the main earner. Currently have a DMP with…
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Managing Credit Card debt whilst on Universal Credit
Asking for a friend with this one.. She has 2 x credit cards with high interest - 33% and 26% retrospectively. Amounts are around £2K total. Ordinarily, she would use a 0% card, but due to now being on a low income and claiming UC as her main income, she is not entitled to set up a new card/transfer balance. What advice…
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Help…..lots of debt
Hi all, I’ve eventually be approved and needing help. So one story short, my husband left me just over 2years ago. 3 children and a mortgage. Hasn’t contributed a penny not even for the children. I’ve literally had to live off credit cards and a loan. I’m now in 50k worth of debt. I can not afford the repayments on these…
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ACI (and other collection agencies)
Hello all, long story short, I have approx 20k of debt spread across 5-6 credit cards that all defaulted sometime in 2021. The debt was accrued during my previous marriage. I worked full-time, my ex didn’t; choosing to do various different further learning courses and be a full-time parent, rather than work. We, therefore,…
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Cap Quest
Hi, my girlfriend has received 3 text messages from cap quest requesting her to call to discuss her account. We don’t know what this is about and have not called them back. She only took out a car loan and we think it is possible it triggered her name on an old debt database. She has not had any finance in the last 7-8…
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Starting a DMP WITH SC, advice
Hi everyone hope everyone is doing well. I have come into some bother this past year, I broke my hip and my mental health suffered as I am quite young, I also had a gambling relapse which added to my debt but luckily I asked for help and blocked myself from everything before it got way out of control. I also got scammed…
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Renting with defaults on credit file
Wondering if any of you have experienced going through an estate agent for a rental and passing the referencing process with defaults on your credit file?
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Crippling credit card debt, but …. lump sum incoming
Hi all, this is my first post. I have credit card debt which I am struggling to pay. Within the next month or so, I am going to be maxed out (across 5 cards) with no cash left from income to pay. I also have unsecured loans - my total unsecured debt is c£38k. I have read everything on here re to simply stop paying, ignore…
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Link Financial - Can anyone help?
Hi all, we have been contacted by Link Financial regarding an old Lloyds TSB debt. We don't believe that it is accurate and have no knowledge of it outstanding. We have sent two prove it letters, the first we received no response, the second we received one dated 7th March was an acknowledgement from their complaints…
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