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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Complaint partially upheld. Not sure to accept or not?
Hi everyone In a bit of a pickle and need some advice. The background: Had a Zopa credit card. Due to becoming a full time carer for a family member, my income dramatically reduced and I was unable to meet my minimum repayments. Not wanting this to escalate, I contacted Zopa and agreed repayment plans. They issued a notice…
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Multiple CCJs at old address - never received claim forms - what should I do?
Hi all, I've recently discovered that I have three CCJs on my credit file and I'm feeling completely overwhelmed. The CCJs are dated: July 2025 January 2026 June 2026 All of them are linked to my previous address: The problem is that I moved out of that address in May 2025, before any of these judgments were entered. I had…
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On process with step change
Hi all I'm in process with step change for an iva, but I got a few questions if anyone knows how to answer as I'm worried of scam, On first day spoke to a guy who went through everything and I sent all statements what he requested through WhatsApp, After he suggested iva he passed me to another guy who went through the…
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Questions on self-managed DMP
I've been reading posts on here for months and they have been very helpful. I just wanted to check I was doing the right thing right now. I realised in September that I couldn't keep up with my payments any longer, a combination of credit cards and a loan with Lendable and Updraft. I stopped paying Lendable in October and…
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Requesting a backdated default?
I'm after some advice to help repair my credit history now that my DMP is coming to an end. I moved onto a DMP back in mid-2020 due to a combination of increasing debt and Covid related financial issues. Initially the DMP was to last for 5 years but due to the soaring cost of living I had no choice but to lower my monthly…
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CCA advice please.
This discussion was created from comments split from: 13 yo credit card debt / CCAs and partial settlement.
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30k+ credit card debt
I currently have over 30k across 3 credit cards - currently costing over 1k a month. This is pushing me into the debt spiral where this high payment leaves me with so little left each month that the only way I can get through the month is to spend on the cards… What is the best way to reduce this to a manageable level? I…
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Moving abroad - how to handle credit card debt?
Hi, I was told to post in this forum, so I'll repost my message here. My husband and I are looking to move to an EU country in the very immediate future. He is being made redundant as his workplace is closing, and he has managed to secure a job in my home country. We have a 1 year old, so it seemed like the right time to…
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Self DMP, 2/3 month in, some irresponsible lending complaints have come in
I have stopped paying all creditors for the past 2/3 months now. I am in the verge of getting my defaults with some of them. I think I have had a few defaults already, I need to double check. I have received a few upheld complaints saying that they should have done more checks before increasing or lending to me. First one…
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Feeling a bit stuck!
Hi again, Firstly, I been successful via CAB with 2 write off requests. Two small ones have been unsuccessful. I have been waiting to hear from Virgin, Barclaycard and Next, all of which have now defaulted. CAB have said they were declined, however I’ve had no letters either via CAB (who forwarded all other successful and…
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Debt getting me down
hi everyone, I am pretty desperate for help and not sure what to do! I have around £40k worth of debt and just about covering everything every month! I have spoken to pay plan and cccs and one has suggested an Iva and the other a dmp (which will last 17 years!!) the thought of either of these frightens the life out of me…
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Equity release with k restriction
My husband died in 2025 and left everthing (he actually had only his pension no other assets apart from our home) to me in his will, I was the only beneficiary and also executor. I enquired on getting a lifetime mortgage as I now need the money released from the property to live out my days on, only to find that there are…
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Best approach to take?
I have had a chat with chat gpt and it suggested a few things, but I wanted human perspective. I am 41, work full time for the nhs and have a good pension through them. My husband is 53 and has 17k in a pension. He has just started a new job and the pension contributions are set to kick in. According to Google, his pension…
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Lowell threatening with 4 months until statute barred
I defaulted on a credit card in July 2020. Lowell have bought the debt and have been ringing, texting and sending letters. Today I got a letter saying if I don’t get in touch by 1st April they will send a field agent to my address. How likely is it that they’ll do this with 4 months until it’s statue barred please? What is…
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Dont know what to do
Looking for help/advice. I am really struggling with my debts each month. When I say struggling, I mean that when I have paid my debts each month, I have approximately £200/£300 to last until my next pay day, which is the 20th of each month. I have 6 credit cards, that have outstanding balances, the highest one is £11,866…
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Big decision to make am scared
my husband died at the end of last year. I have around £23k of debt which I need to deal with. I already have informal arrangements with 3 of my lenders (credit cards) I have filled out the budget sheet with stepchange who have recommended a pause in payments or a dro. The recommended top solution was suspension of…
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What would you want from an MSE SOA? 🔢
Hi everyone, The existing SOA calculator has been a huge help to MSE Forum users for many years. It has supported countless people in setting out their finances clearly, getting practical feedback, and taking the first steps towards sorting things out. We’re tentatively exploring whether an MSE version could be useful, and…
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Settlement for Link Financial Outsourcing
I have been paying my debts with Stepchange since 2021, and I'm nearing the end by December this year, however I want to be debt free sooner! I owe Link Financial Outsourcing £1,541.80 and I want to make a settlement offer. They have a webform on their website where I can input an amount I can pay and the source of the…
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Clear plan
Morning all I suppose what I am asking for is a collective plan. I try to do too much, lose focus, give up. Try to do too much, lose focus, give up. Details. Am 50. We had kids later in life. They are 10 and 12. £28k left on mortgage, at 1.6% fixed till next year. I work in a supermarket. Hate it to be honest. People who…
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