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Financial Ombudsman not upheld complaint
I have heard back from the Financial Ombudsman & they have not up held my complaint against Zopa loans. In his reasoning the FO claims my debts totalled £28k at the time of the loan being taken. In actual fact my debts totalled £42k. I learned during an argument with a different loan company that my three Updraft loans…
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Orphaned Plan 2 Student Loan
I posted this question once, but maybe it could get its own thread, as it might be overlooked in the existing thread, which is already a year old. I'm a Plan 2, former PGCE Student, with a student loan. I failed that course. I did a degree course first. I am 61 and don't plan to try again or go back to work. What happens…
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17 year old debt, token payment and sudden threats from debt collection company.
Hi all, My brother took out a loan around 2008 and a few months after suffered an accident which left him disabled and unable to work. My mum took up the mantle to prevent him getting CCJ'd by paying £1 a month to Cabot. Which she's been doing ever since via standing order. Apparently, they have sent letters periodically…
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Affordability complaints - advice needed please
Hi everyone, I’m looking for advice from anyone who’s been through the affordability complaint process. I’ve submitted a few complaints, and two are now with the Financial Ombudsman Service. PayPal has offered a goodwill gesture of £350 on a £2,300 balance. I’m not sure whether to accept it or keep escalating, as I feel…
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First steps
Hi - This is my first step to accepting I have problems….I’m struggling with spiralling debt, mainly credit cards. I’m not yet at a point where I can’t afford to pay them off, however if I carry on I will be. I’ve been debt shifting for years, 0% to 0%. Without actually reducing it. My spending habits are bad. However…
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DMP is it a good idea?
My husband is already in a DMP, and now I’m struggling with my credit cards and loan payments, which total around £35k. I didn’t enter a DMP myself at the time because the mortgage payments were coming from my account. If I start a DMP now, will it affect our ability to remortgage in four years’ time? And how long will it…
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Affordability complaint win - what tax do I pay?
I had two loans with Lendables that won affordability claims. They never sent a detailed breakdown of the refund just that they removed charges and interest and give refund of 8% simple interest. They added “We've deducted income tax at the basic rate from the interest included in the refund” So does that mean I’ve paid…
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Debt Company Issues
Recently moved into a property in August, with outstanding utility bills being addressed to myself and co-tenant from June. We were told by power company to ignore the letters as they were faulty however this then resulted on us getting handed over to debt company, who rectified part of the issue and managed to get a…
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DMP and irresponsible lending complaints
Thank you to everyone who gave me advice regarding my earlier post, I hope you don't mind but I need a bit more info if anyone can help id be very grateful. So I posted last week about having £43k of debt ( take full responsibility of bad money management) racked up after separating from my husband. So I received the good…
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credit card debt management
Hi, I am trying to find out what would be the best steps to start clearing some debts. Here is how it stands at the moment: CC4260interest8260interest free6710interest2400interestloan2626overdraft1130 I have managed to shift 8260 onto an interest only card but i am reluctant to apply for another interest free card as the…
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Desperately need help
We have been struggling since Covid badly reduced my wife's freelance earnings but there were still the same bills to be paid. We lost about £800 per month for more than a year and managing became robbing Peter to pay Paul. In April, we headed south (into the Irish Republic. We live in Belfast) for a five day break (all…
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CCA request - Postal Order question
Hi! I’m getting ready to send out my CCA requests. I got these £1 postal orders which don’t have a recipient and are uncrossed. Do I need to add anything else before adding to my envelope?
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Business loan PG being enforced - Solaris debt collectors demanding payment or court - help!
My business used Capital on Tap for a loan. Unfortunately, the business went downhill as a result of the COVID Lockdowns, and I’ve received a letter from Solaris Law, representing Capital on Tap, informing me that they intend to pursue me personally due to a personal guarantee I signed. (I don’t recall any mention of a…
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Barclaycard sold to PRA
So with the help of this lovely forum I've been making real inroads into my debt so far - Zopa card irresponsible claim upheld and removed from credit report, Updraft 2 loans irresponsible lending upheld and removed from my credit report, still need to pay them back, but interest removed and not reported so a small win for…
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Not my Debt: Bailiff Action
Hi all My son (aged 20) has a car parking fine from a Council. He hasn't paid the fine and the Council are threatening bailiffs. My son is now at Uni. The debt is registered at my home address where I live, and is my sons permanent address when not at Uni. I am not going to pay his fine for him and he needs to sort this…
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DRO - Paying off part of my debt to meet criteria
Hi all, I meet the criteria for a DRO except my debts total £70,000. The maximum limit for a DRO being £50,000. I could borrow £20,000 from family to bring me under the limit. Is this frowned upon? I have read that I could be refused a DRO if I did this. Does anyone have any experience of this? Many thanks.
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Help with self managed dmp 80k CC and loans
Hello ive been browsing topics on this site for a while and reading up on all the advice . My story is a follows , two years ago I lost my eldest daughter to cancer at 6 years old . Due these circumstances having to take time of work and after my wife was unable to return to work as she worked in a primary school and found…
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CCJ Judgement from unpaid loan
Hi all. I'm not sure if I posted this in the correct category. Adding my questions at the top: - Is it normal for stays to be removed and judgement entered on the same day? - Is it normal for a judgement to be entered a second time after submitting an N244? - On a personal note, I really feel that the solicitor begun…
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What’s the best debt solution?
Hello, I’ve tried to do an SOA and confused myself thoroughly so I thought I’d just begin. Up until very recently I was poised to go into an IVA. My financial circumstances have changed drastically and I now have more income than I thought. My partner’s finances are separate to mine, and have to stay that way because of…
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Sleep managing hsbc hesitant blip help
Hi all, My husband and ibad debts of 42k and in 2022 started a dmp for 18 creditors. We didn't read this forum and didn't know aobut waiting for them to default but we through sc in 2022 This year we requested ccas, SC kindly put the creditors 5 x link on hold while we waited for them back. Then we got them back bur…
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