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Some advice would be much appreciated - DMP or not? Self-managed or not. Significant debt
Hello, It's taken me a lot of guts to write here. I have been wanting to for so long and just feel like I couldn't, therefore, this is a big step for me. I am currently in significant debt due to gambling of around £70k across loans, credit cards and PayPal negative balance across 11 creditors. Loans are with Zopa,…
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Repayments are greater than income - DMP?
Hi everyone, This forum is fantastic, I have had a read through several threads as I'm trying to decide what's best to do in my situation and it's given me lots to think about. I have £38,000 debt in total which is 6 credit cards and 6 unsecured loans. I've not missed any payments on any of these accounts and have no…
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Cabot - what to do next
Hello - have been following your Forum for a while and using your helpful advice to manage my debts. I wrote to some of the debt agencies who have bought my debts to ask for the CCA, as you advise on here. With one of my debts, I believe the correct information has been sent re: CCA request and I have had at least two…
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DMP / Bankruptcy / Self Plan - SOA included
Hi, I need advice on whats best for me pls if someone can help: [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Household Information[/b]Number of adults in household........... 2Number of children in household......... 0Number of cars owned.................... 0[b] Monthly Income…
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Link Financial GDPR breach
Good evening I have received the below email off Link Financial earlier today (edited to remove any personal identifying data) “ We have attempted to make contact with you today in relation to your account held with Link Financial. Unfortunately, we have been unable to make positive contact. We have been attempting to…
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Resolvecall visit.
So I received a letter today from Capquest saying they have appointed a company called Resolvecall to visit my property to try and enforce an old credit card debt. I asked Capquest back in November last year for a CCA for this 25 year old £8,000 Barclay's credit card debt, I had been making token payments up until then.…
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Notice of Termination
Received a letter through the post which does not look like the usual letter coming from either HSBC or Amex. It does not even have a return address or it doesn't say which company it is from. It sounds more intimidating that the usual ones where they say "may" a lot. This one says: This Notice of Termination is served on…
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Latest affordability complaint…FOS want info from 2013…
Hi, as some know, I had a positive outcome yesterday on my Zopa complaint. my second is against Virgin CC for giving me 4 CC’s totalling £46k between 2013 & 2024. Now I know the one in 2013 is ok…no balance (tbh, I didn’t know I had that one). However the investigator has emailed tonight looking for the following: * A copy…
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Will loan companies put a CIFAS marker on my name?
Hi everyone, I’m currently in around £24k of debt spread across 2 overdrafts, 4 credit cards and 3 personal loans. I’m behind on some payments but haven’t been issued any defaults yet, but I really can’t afford all the minimum payments and want to start a DMP after being advised by Stepchange. My only concern is that I…
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Please help if you can
Looking for advice on what I can do if anything, I've currently got a personal loan which with interest in around £10,500 without interest it's £8307, I'm currently paying £188.75 per month with about 50 odd payments left, I took it out in a time of need to consolidate a few debts into one payment, since this 8ve split up…
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Debt Arrangement Scheme - Do I wait for Defaults before starting repayment plan?
Ashamed to say my partner and I have gotten ourselves in a mess and have over £110k in unsecured debts due to failed business, bereavement and illness. We know our credit score is going to be impacted and accepted we can’t continue to bury our heads in the sand. Stepchange have advised a Debt Arrangement Scheme or…
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End of my DMP ! Debt free tips tricks and advice from someone who’s done it !
It’s official, as of 08.36 this morning my debt management plan is complete. My stepchange dashboard is zero across the board & it is all gone ! I have some final thoughts and some tips and tricks I’ve learnt along the way. I want to preface this by saying I am not a financial expert , I would just like to share my…
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DMP newbie
I am in the process of setting up a DMP through Stepchange for my debt of 25k (unsecured loans/overdraft and credit cards) Has anyone ever had a DMP refused by stepchange? I am worried because one of my loans I only took out in august23, totally irresponsible, for 8.5k it was a panic loan to consolidate and try and reduce…
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Self Managed DMP has officially begun!!
So, out of 9 debts, 4 have now defaulted… been written to by 2 DCAs for HSBC CC & Ratesetter Loan… still waiting on word from Tesco CC & Admiral have still to write about next steps. i have set up my SO’s & written to both DCA’s informing them of payment amounts for next 6 months…Not sure if they’ll be happy as I’ve set…
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Seeking advice on a family debt
od afternoon Mse forummers I come seeking aid by way of taking out a loan to repay part of a debt to a family member, due to me having 3 children, living in rented accomodation and being single income (full time employef) my plate is full! Its manageable and I’ve budgeted for what is coming. I have roughly £2700 credit…
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Should i go for DMP? Afraid of CCJ’s. HELP PLEASE!
I’m feeling ashamed to even write this. I’m in a debt of £68k spread across 5 Credit cards and 4 loans! Half of it is a debt consolidation loan taken more than a year ago but due to unforeseen circumstances and lack of planning, i had to use up credit cards that have been paid off already. My take home pay is £2750 and i…
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Debt advice - Jumped the gun with IVA, Relationship complication
Hi everyone, I'm looking for some guidance if possible. My total debt is around £28,000, and I'm a few months behind on two loans and three credit cards (I’ve only just received a default notice this month). I explored an IVA because I’ve been unable to make full payments to my creditors following a substantial increase in…
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Debt Consolidation/Remortgage Advice with Additional Borrowing
Good Morning All First Post, But I believe I'm in the right place ') I've tried to look at different Boards and decided Here may be the best place for the advice I'm looking for! @fatbelly for putting me in the right direction! Currently Based in the UK with a Repayment Mortgage with NatWest. Mortgage Remaining Fixed Rate…
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DMP or Default, that is the question!
Hi everyone I’m new here and have got to the point where I
NEED to sort my debt out. I am at the stage where I can no longer afford what I owe
and am having to do money transfers from credit cards to pay other debts coming
out of my bank on direct debit. I have read about a DMP and also defaulting and doing it
myself, both…
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Mortimer Clarke
Hey guys, so I asked Mortimer Clarke for proof of debt ownership using the prove-it letter provided on here & they sent the debt back to Cabot financial immediately without providing any proof. Does that mean they can’t provide it? Or do I now need to do the same to Cabot? I have other debts with other companies also,…
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