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Cabot, Orbit, and 23 years.
23 years ago my abusive, late ex husband forced me to take out finance on a car. I paid it for as long as I could, I left, it was eventually repossessed and there was an outstanding debt. As a single mother of 4 I couldn’t pay it. I think it went to CCJ but I can’t be sure. It fell off my credit report years ago. Cabot…
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DMP: 2 x CCA requests? Credit Agreement and Affordability - Is it worthwhile?
Dear All, I am now 2+ years into a DMP with Stepchange, paid off over £10K with £25K to go. Debt free date is currently June 2030. I have a total of 10 creditors of varying amounts. In regards to some of my creditors I am wondering if it is worth doing a CCA letter for two different things but would be helpful (these are…
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Mortgage, DMP and Looming Retirement
I kinda have a plan for this but I would be grateful to hear what people think. Scenario I'm 62, due to retire in Dec 2029 - only 4 1/2 years. We have a mortgage, 42k at 1.59% fixed until August 2026. I have 3 creditors Tesco, PRA, Sainsbury's, totalling £18k. We will both get full state pensions, but we have drawn down on…
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Redress for data breach by Halifax for corresponding with the wrong debt management company
Hi Forumites, I made a formal complaint to Halifax about why they (unlike my other creditors) didn't default my credit card account in 2019 when I was 4 months in arrears and then entered into a DMP managed by PayPlan. Someone from the complaint team at Halifax called me this morning to discuss the complaint. She referred…
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Moorcroft
Looking for some advice re a debt repayment plan I have with Moorcroft Debt Recovery Ltd. Myself and a business partner had a business account/overdraft with RBS. The business failed and we were left £20k deep in the overdraft. RBS sold the debt to Moorcroft by which time my ex business partner had left for Australia and…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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What are my options?
Hi, I'm considering my options - Have been online with Stepchange and the three options were 1) DMP, 2) IVA and 3) Bankruptcy, I'm thinking bankruptcy might be my preference given I have no assets and would like to be debt free and fresh start by 46. Whole host of reasons for my situation (£93+k) in debt, I'll not list…
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Should I get an IVA?
Hi everyone. I hope you can help. I've gotten myself in a big pickle. I've been dealing with a gambling addiction which thankfully I'm now on the other side of but i've racked up £22k worth of debt. I have a full time job but not paid that well and repaying £461 each month with nearly 4 years left. It leaves me with very…
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Letters from Enforcement Officers and what to do about them
Enforcement Offices _____________________ I'm seeking help and advice IM sure this has happened to many people now its happened to me... A big white letter appears through my door. Its from the Magistrates court. In bold are numbers, numbers no- one ever wants to see- £1014.00..."as you have failed to make payment..." I…
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Moorcroft/Tesco Bank Loan
Hello all, I'm managing my own DMP and my outstanding loan of c.£21k with Tesco Bank has been passed onto Moorcroft. Moorcroft are only the collection agent on behalf of Tesco. The loan is fairly recent (within the last 3 years) so I haven't yet requested a CCA on the basis that it can probably be provided. I currently pay…
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Bad Debts
Hi all, HELP! i am desperate! My rent fell short this month as DWP/housing didn't pay the rent saying "got paid twice this period". Now my Landlord/Housig Association is chasing me for the balance as I'm already in debt from a previous,long time before now, and threating me with immediate eviction. I'm old and I suffer…
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Tackling £31,000 of Debt
Hi there, I hope this post is in the right place? I would like some help. I really want to start tackling my debts. I am 27, self-employed with a rough income of £2500 a month. I had some issues the last few years, struggling with depression and addiction. This led me to borrow a lot of money that I didn't really…
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Default notice advice please.
This discussion was created from comments split from: Waiting for defaults.
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Affordability
Hi all, It has been a while since I have posted, but still chipping away and reading often. I am considering filing a couple of affordability complaints as I have read other success stories recently. I do remember thinking at the time of my madness 'I didn't expect them to give me that' or 'can't believe they have…
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Old CCJ and Statue Barred debt
Any advice will be greatly appreciated! Sent out a Statue Barred debt email to a debt collection company and received this response back from them. Trying to understand what they are saying and how is the best way to resolve this with a response. Thanks, L
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Defaulted notices
Hello, I have now received default notices from 3 of my creditors be NatWest, 118118 and Updraft. All asking me to pay a specific amount by end of October . I will be leaving the country in few weeks time. Do I have to write to them back or wait for more letters? I have also set up a new address for them to send letters to…
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Mint Credit Card Company
Good afternoon, I have a debt with Mint that I am paying off a amount each month and now Cabot Financial are offering me a discount if I pay them. Do I continue to pay Mint or do I write and get confirmation from Cabot saying that they are offering this discount. Thank you Catherine W
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About to default on 3 debts - scared!
Due to some pretty serious and traumatic life events I've come to the realisation that I've just been surviving, and yes, staying on top of my debts but it's not sustainable. I'm on UC now and applying for limited work capability and ADP. Family issues, my own health, and addictions have all led to this and I'm exhausted…
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Overdrafts and defaults
Hi everyone im in about 28k debt trying to save emergency fund. Made a mistake with Monzo loan and also my bank by setting up a £5 a month payment to them, but hoping they default the loan soon. I have about 12 creditors and I’m getting quite scared and panicky. Vanquis credit card defaulted so my plan was to set up token…
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Zopa default
Hi, looking for more advice please. Received an email from Zopa saying account has defaulted and to contact to set up payment plan or for them to offer a discount to settle full amount of 13,176. I am currently waiting for info from trans Union to log my unaffordability complaint with the ombudsman as Zopa have not upheld…
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