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unknown debt request from arrow
hello we received a letter dated 11/10/2024 from a company called arrow, no idea who they are... the also had another letter inside from a company called opos.. both letters was claiming that they took over a debt on 1/06/2023 and say we owe a debt of £250 from Shop Direct (Carval).. that of we have no idea who they are…
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£45k Unsecured debt - DMP?
Hi all I have £45k in unsecured debt, most accumulated over the past couple of years due to misfortune and questionable choices. I'm now running at a deficit of over £250 a month and have started missing credit card repayments. Most of my credit card debt is now on full interest at 25-30%. From what I've read, my best…
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NatWest - Drydens
Hi, I’m awaiting debts to default on advice from members before setting up payment plans. I have a large NatWest loan (affordability complaint turned down from NatWest but currently with FOS). The amount outstanding is just under £23,000. Ive not had a formal default letter from NatWest for the loan yet. However, a letter…
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Irresponsible lending update
Hi Everyone, I have posted a few times about how I am helping my brother with his finances - lots of debt, shockingly bad mental health and potentially undiagnosed neurodiversity has led him down a road of high debts and a total breakdown. We submitted an irresponsible lending complaint to one of his lenders - this is a…
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Sky TV early termination
Just in case it’s helpful to anyone, I contacted Sky again regarding my TV subscription which I’m in contract for (Sky Ultimate TV package, whole home with two pucks, Sky Cinema) until August 2026 at £63 a month. I was lucky to get a really helpful guy who helped me by explaining he could get it down to £40 but that he’d…
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Statute Barred under Scottish Law
I'm after a bit of advice about Scottish law. Specifically the five year statute of limitation on debts. I have recently had contact from a company claiming that I owe them £250 for a debt that they claim was from 2020, specifically the 9th of June 2020. They contacted me around the 20th of June this year. Now my question…
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Can Credit Card Debt Be Offset Debt Against Pension Savings?
Hi all, Have searched the forum without success to the following question: Can a creditor such as MBNA (same banking group as Halifax) offset a soon to be defaulted credit card debt against a Scottish Widows (also same banking group as Halifax) private pension? I know they can against bank accounts - hence why I plan to…
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Default closed - Reopened as new loan
Hi All Bit of a strange one as I can’t seem to find any information of this. I had a loan through a Credit Union which I defaulted on 5 years ago and it became a CCJ around the same time due to my past negligence with finances. I figured out a payment plan with their solicitors and have been paying it off since and haven’t…
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Zopa ignoring complaint
Hi all, I registered an affordability complaint with Zopa due to an incredibly high loan they offered me and was approved for in an instant and in hindsight is not at all affordable and leaving me in a financial mess towards the end of every month. I sent off the complaint email on the 27th June outlining my complaint, I…
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Debt stressing me out, can't sleep!
Hi everyone. I'm after a bit of help! I have some debt that I would like to pay off, it's been stressing me out and I really just need help on how best to approach this. I have a tumultuous relationship with money and really just need some guidance on priorities and how to organise things. I have no idea what I'm doing at…
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Debt Advice - What is the process when defaulting and setting up a DMP?
Good Evening, I am seeking advice on what to do next with my personal debts. They total around £30,000 and I cannot afford my repayments at all at any longer. I was initially in contact with Stepchange, I applied for 'Breathing Space', which I realise may not have been the best thing to do but this ends on 01st August…
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Query in relation to a default not showing on credit report
Hi Folks, I have a query I hope that you can advise with. I commenced my self-managed DMP journey in August 2024. I had nine creditors and all but one have defaulted. Some
payment arrangements have commenced with the companies that have made contact.
In my case, Lowell have bought two of my accounts and Cabot has bought…
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CCJ applied for but not obtained
Hi I am back and forth with Cabot re a couple of old debts of my husbands that have just come to light (severe mental illness led to him racking up debt without me knowing). Both over 6 years old, I did the statute barred letter and the reply was that they weren't statute barred due to court proceedings initiated. One of…
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Debts and Broadband
Hi, Sorry if this doesn't fit in with this topic as it probably could link in to many others but here we go:- So I have been trying to obtain broadband and thought that I would go with BT. I tried to place an order at fist but was unable to due to being still with Sky ( although was already told I would be disconnected…
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Link financial
I have a credit card debt that was passed to Link Financial some years ago. As this was an old debt, I asked for a CCA request and they responded in writing to let me know they didn't have the paperwork and therefore the credit agreement was unenforceable. “but we can still contact you in relation to the outstanding…
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Had an Email and unsure if scam
Hi guys, so I have had this email but when I try to search for the company I cant find a website or anything for them. When I search them I get the Google AI talking about First Enforcement but not these. Also the email address in hancockfirstdebtenforcement@gmail.com when usually it should be the persons name @ company…
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More going out than coming in!
Hi, I'm looking for some help/advice. I'm new here first time posting, I've filled in a s.o.a. as best that i can. I've seen that's what other threads have suggested but didnt want to hijack someone else's thread if anyone can have a look and offer advice would be greatly appreciated. Also not sure if I posted in the right…
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Very old debt’s & guidance on how to deal with it? (UK)
Very long story short - 20yrs ago I bought my house and funnelled everything into renovations. After savings dried up I took out loans to finish certain aspects off. Within 9 months I’d had to give up work & eventually lost the house etc. I was unable to pay the loans (they weren’t secured on the property) & they were…
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Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
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Trying to Break the Cycle and Get Debt-Free
Hi all, TL;DR:Civil servant earning £2,379 net per month. Around £1,100 of that goes to creditor payments (all unsecured debt). Struggling due to neurodivergence, poor mental health, and increased financial responsibilities after losing a parent. Some lenders have been supportive. Others, like My Community Finance, are…
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