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Self managed DMP - do I start repaying now?
Hello all Following the extremely helpful advice on this board, my personal credit card debt was no longer manageable (repayments of over £1k a month which I couldn't afford) and I'd run out of balance transfer offers, and all my cards were at standard interest rates so I stopped all my direct debit payments for my credit…
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Lowell Letter (vague threat) - advice appreciated
Hello I’ve had the letter below from Lowell for one of my debts of c£12k. I have had the CCA back upon request (which looks complete, but I am double checking), and subsequently a few letters chasing. This is the first time they have mentioned a deadline to get in touch, which is actually less than a week from when I…
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In Debt - Reality Check in place!
So after a disastrous house and a wedding, I've managed to get myself into a bit of a debt hole and I realise now I need support (likely a DMP I guess) but I've put my fairly embarassing SOA below and any advice or help will be appreciated This is my personal debt and not linked to my wife - she covers lots of other bills…
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Please look at my SOA
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Capquest Letter of debt
Hello all, To start off i have i have been debt free to my knowledge for over 5 years and my experian report and others show i have no debt in my name, this morning i received a letter from capquest saying they where now holding a debt that they have transferred form capquest limited to capquest... i have no knowledge of…
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Barclaycard sold to PRA
So with the help of this lovely forum I've been making real inroads into my debt so far - Zopa card irresponsible claim upheld and removed from credit report, Updraft 2 loans irresponsible lending upheld and removed from my credit report, still need to pay them back, but interest removed and not reported so a small win for…
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Further Steps Notice unknown debt
Hello all, I was asked by my ex-husband to help pay an amount that he received a Further Steps Notice for recently. He has no idea why he has received this letter from HMCTS Norfolk (with Great Yarmouth Magistrates Court address), and has assumed it is for a CCJ for catalogue debt that was registered in 2014. He recently…
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Link - unenforceable debts and now a letter threatening legal action with Kearns solicitors
Have 3 accounts with link . Sent off for CCAs and received letters saying unable to comply and unenforceable. Continued to have letters so I sent letter saying ’ I have recently received reminders for payments for the above accounts. As per your letters from 4th feb,2025 and 9th dec 2024 you have confirmed you are not…
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Currently in a court process with UK Debt company
I have recently found out I had a CCJ issued in 2019, however I know nothing about it and have moved addresses. I have applied to court where the CCJ got cancelled and I have filed a defence asking for assigned deed , original signed information , transactions etc Also that I could also request a SAR . Is the time limit up…
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Debt Managemt Plan query
Hello. I've been in a dmp for a number of years, paying all my disposable income into it which amounts to about £140 a month. My situation is potentially going to change and my disposable may go as high as £1000 a month. Obviously I want to increase my dmp payments accordingly and start clearing this debt, but, do I 'have'…
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New DMP
Hi all, So my DMP with Step Change is up and running....not heard directly from any of my creditors so assuming they have accepted the proposals - I pay my DMP and crack on with life. Getting myself into a sensible budget, changing my mindset and getting myself out of this mess which I created through my own stupidity. I…
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Can anyone help please with a debit letter
Can anyone help please. I received a letter from A RUk asset recoveries limited. The debt is for a shortfall in a mortgage from 32 years ago, and a court order dated 2001.The letter states that judgements are exempt from Limitations act 1980 and remain live and payable. They are asking me to fill in a financial summery and…
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How much emergency funds to keep momentum?
Hey there, long time lurker on this board. Without posting war & peace my partner and I found ourselves in around £80k of combined unsecured debt by the end of 2023. This was a mixture of existing debt from silly spending habits, house renovation and then failed fertility treatment which really turned it into something…
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Overdraft & Self Managed DMP
I’m already on a self managed DMP and have been since last November. It’s all going well bar a few bumps in the road. One thing I have never tackled is my overdraft. Hence the post. Can you ask a bank to freeze the interest charges on your overdraft and then agree to pay £x per month to gradually reduce it? Would they then…
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Debts under wrong address
A few years back I left the UK and put most of my accounts at my parents address. When I started struggling financially I changed the address on these accounts to a mail forwarding address so I could continue to receive my letters electronically as this company scans them and I can access them from outside the UK. Since…
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Should I contact moorcroft
Hi, I’m embarking on a self managed dmp after reading guidance on this forum. Two of my accounts have now been passed to moorcroft. From what I can tell this just means they are collecting on behalf of the original debt and it hasn’t been sold to them. Do you advise to set up a payment plan or ignore them until it gets…
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What happens if you can't afford to pay?
Hi all, After following the excellent advice on this forum regarding non-payment of unsecured debts to force a default, I am now at the stage where letters have started arriving from Debt Purchasing Companies. Originally, I had 10 creditors with a combined total debt of approximately £50k which have all slowly fell into…
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Advice on SOA please
My main concern is amount of interest on my cards. I have a good credit rating but can’t get a 0% card due to the amount of debt I’m in. Reason for debt is not here any more. Am I best just cutting back on EVERYTHING and paying it off through gritted teeth or are there other options… Some of it is 0% but due to end later…
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Tips for staying focussed
Hi all sorry for a long post. Advice needed. Turn 50 next month, wife same age. We have 10 and 12 yr old kids. I work for a supermarket where every little helps, wife works in a school. We never seem to have enough money. On paper we have £300 left over a month. This includes us paying a relative £170 a month for a loan,…
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LINK Financial - 7 Day notice letter
Hi all. I have received a letter from LINK financial regarding a debt they have purchased in my name dated 22nd July and received on 25th July. They state the following: Despite our best efforts to collect this sum through communication and negotiation the balance of £xxxx.xx remains unpaid. We give you 7 days notice that…
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