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Possible Mis sold IVA
I need some advice please, if anyone can help. I think my IVA was mis sold. I was told to say that gambling transactions on my bank statement were foreign currency at tge start of tge IVA and they rushed me through the process, which I went along with as I was desperate. I have MS, suffer with depression and left an…
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First time taking the leap - can no longer afford my repayments - PLEASE HELP
Hi all, My unsecured debt repayments have become unaffordable and I would appreciate your advice on next steps. Background I am a self-employed contractor which means I earn a good wage while I am working, however there have been lengthy gaps between contracts where I have earned nothing at all. This, paired with vital…
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Is there a list of who creditors sell debt to
Is there a generic list of which lenders sell their debt on and to whom? And which creditors use ‘in house’ collections? Which lender is likely to go for CCJ (or decree in Scotland) I’ve tried reading back through some threads (the search function on here is hopeless - or maybe it’s just me!) I’ve accounts with; Natwest…
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Heavily indebted doofus - do I default?
Hi all, came across this forum as a 31 year old idiot who has landed himself in a whole heap of debt. My situation is complicated and I'm hoping that as this is purportedly a judgement free forum I won't be too criticised too harshly for the situation I've landed myself in. The long and short of it is that last year I…
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Affordability Complaints
No longer going down the route of step change, a das or trust deed. Going to manage my debt myself. So first things first, I’m considering making affordability complaints. When is best time to do this? Debts not defaulted yet. If debt is sold and affordability complaint upheld does the debt go back to the original lender?…
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My first ever SOA - never had the courage to post it before.
Even though had lots of help in here before, I’ve Never done a SOA as bothered what people will say to me about where I’m going wrong and my head can’t take much more upset and stress. But here it is. 😔 It’s long but I’m letting it all out as no longer know what to do. Before I started a DMP I was married. We spilt up 2024…
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Can you use a PO Box for banks
just wondering if I got a PO Box whether banks would allow this as a mailing address, or whether they need a physical address? Just trying to reduce the volume of letters coming to home address.
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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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£43k DMP?
Hi all I've done a budget with Stepchange and worked through £43k of debts (credit cards) - 0% balance transfers, yadda yadda, all got out of control. The budget has £410 per month to pay towards our debts. Overall question, is it best to do to a formal DMP through stepchange, or manage my own and dedicate efforts in…
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Debt write-off due to mental health illness and long term unemployment
Hi everyone, I’m looking for advice specifically on having a debt written off for my mother due to long-term mental illness and lack of capacity. A card was posted through her door by ResolveCall, saying they attempted a visit regarding an account. No details were given about the original creditor. Background (important):…
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Find myself in debt again! (Scotland)
You would think I’d have learned the first time round! This time round it’s way worse! £30k worse! I’m currently at the stage of missing the first payments so few months of defaults yet. Is there a template letter for offering token payments (once debt has defaulted) What do I need to provide to offer token payments? Bank…
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Thinking of DMP with Step Change
hi , I’ve completed a full assessment with Step Change as I just can’t carry on with a substantial amount of debt 70K accumulated over a few years due to some serious health issues husband and myself and erratic income. So far I have maintained all repayments but have used all of my savings. We are both in our 70s and I…
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Self managed DMP help
Hello everyone. I understand this topic comes up over and over again but I would really appreciate your time to just clarify a few things, just to make sure I do things in the correct manner and to not dig myself a deeper hole. iv been reading a lot on here so I think I have everything I need possibly. I have debt of…
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Field agent visit
Hello, I have been up and down with debt for years. I have about 5 low level debts with Lowell, ranging from £200 to £2600. I have one with TM legal which I pay £1 a month towards. I have one more somewhere from an old mobile company. I have signed a new contract at work to increase my hours so will have a bit more income,…
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Economic abuse
Hi everyone, I’m dealing with a disputed credit card balance linked to financial abuse and coercive control in a relationship. The matter has been reported to police and I’m preparing a formal complaint to the card provider after they sent me an initial decision they will uphold the transactions as I shared my card/devices…
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Nearly there - What would you do?
Hey all, So my wife and I have been working hard over the last few years to become debt-free after many years of irresponsibility. We no longer have any personal loans or credit cards. We do have a mortgage and a couple of PayPal pay-in-3 agreements, but the figures are all smaller and manageable. The issue we have now is…
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Lowell /resolvecall
Hi i have a statue barred debt, I sent a statue barred letter to lowell and they just kept coming back with discounts via letters I never responded, I have been having text off resolvecall and today a letter do I send a statue barred letter to resolvecall Thank you in advance for any advice
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Starting monthly payments
Hi, we stopped paying cc in June. We have a significant amount of debt, 75k, spread over 10 cc and an overdraft on a joint account. 8 cc in my husbands name and 2 in mine. We've had one of mine transfer to Wescot, two of my husbands Transfered to Wescot, overdraft transferred to Wescot. One of my husbands has transferred…
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Capquest/AGG - on a fishing expedition...
Hi all, first time in this part of the forum, but had success seeing off a PPC last year. Anyhow... Opened a suspicious letter from an unknown address and was expecting it to be PPC PCN - but lo & behold it was a letter (actually two) which seemed to be from Capquest saying they had now assumed a debt from AGG. Neither of…
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Money Moral Dilemma: Should I pay off son's debts for a second time?
This week's MoneySaver who wants advice asks... My son moved back in with me after splitting from his wife eight years ago. Now two of his daughters live with us too, and he has just quit his job as the hours didn’t work with childcare. He owes £20,000 to banks and credit card firms. Do I give him the cash to clear it?…
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