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Received my first letter from Debt Recovery
So this morning I received my first letter from a Debt Recovery for a Marks and Spencer debt - a little bit scared. There is now a default showing for this debt only on my credit file. Waiting for info on the other 4 debts. Here is my thought process. * Make an updated list (nothing has changed since I stopped paying in…
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Helping Dad with debt
My dad is about to retire due to ill health and has debt with companies such as Lowell (around £2k), Cabot (around £2k) and capital one (£?) as well his mortgage (£9k) and a loan (?). I’m trying to help him pay off his debts which I have just found out about as he physically cannot keep working. The loan company has not…
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Approaching 6-year mark but Lowell reapplying default to credit file?
Hi all, I am approaching the 6-year mark (thankfully), but the company, Lowell, appears to be attempting to reapply the default to my credit file. From reading, I understand that once an initial default has been entered onto a credit file, it cannot be re-entered or reapplied but I am concerned this is a loophole that some…
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Affordability complaint query
My four NatWest accounts are with the Financial Ombudsman, and I’m just wondering ‘IF’ they upheld it, what would potentially happen with the interest, etc. I had two credit cards, one was a 12% that did have the limit increased on a few times and was my oldest and I’d regularly balance transfer off it to other cards,…
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Cabot Experience
Cabot have been writing to me for around 3 years for 2 credit cards debts they have supposedly bought. During this time they have wrote to me on numerous occasions, recently with increasing frequency. Is it usual for them to chase debts for so long without any engagement before seeking a CCJ? Does the length of time these…
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Capquest
I have had the same letter saying that i owe money from 2001, i have just phoned them and explained that it isn't correct and they have told me they closing the account, phoning back now to get confirmation email
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I am stuck
Hello there, I am a bit stuck on what to do. I owe around £30k to debt. I am a homeowner and do have money in (our) property. However, I cannot get to it because we also have a £75,000 Help To Buy loan on it. If I start a Debt Management Plan I can't buy out the £75k. If I don't buy it out I can't take out any of the money…
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What to tell StepChange
I suspect the answer may be “the truth”, but I’m putting off trying to get through by phone to SC as I think I might be dissuaded from my plan! DMP first payment was April and I paused it in May. Affordability complaint with Financial Ombudsman for 4 NatWest accounts, all passed to Moorcroft and I don’t want to pay…
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Anxiety Over Self-Managed DMP
I was asking advice here a few weeks back re self-managing my DMP. It’s newly set up with StepChange who took first direct debit in April. I’ve asked them to pause May as I had an unexpectedly expensive April 🤦♀️ and I haven’t yet built up an emergency fund to any great degree, which SC have agreed to. I was on the verge…
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CCJ Consent Order from 5 years ago.
I have a CCJ from a £299 parking ticket in issued on 20/05/2021. I settled this CCJ in 2022 after a dispute process. I won't get into the details of the dispute but it was quite unfair in my opinion... During my house search, I realised my CCJ was marked unsettled. However this was wrong. I reached out to the claimant in…
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Is there anything I can do about this debt? - time limits/enforceability
I am currently paying a small token payment monthly to Link Financial for a debt that would have been incurred over 20 years ago now. To be honest I can't even remember what it's for. The remaining balance is several thousand pounds. Due to life circumstances I will never be able to repay the full amount or settle for an…
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I feel a sense of achievement
Hi all So my husband and I have been taxiing a 5k debt thay was for our bathroom renovations. We have finally paid it all off after a year. It might not seem like much but we were paying down other credit cards that carried a balance and the 0npercent deal was eneding sooner. It was also our first time using a money…
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Statute Barred Help
Hi all, I am new to the forum, and looking for some advice. I think I may have made a massive error, I received a letter from ACI concerning a credit card debt from TSB. It is from 2010ish and this is the first I have heard from anyone about it in approx 8 years. I have never replied or contacted anybody ever about it. I…
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Dmp
Hi I’m 36k in debt I have spoke to step change they have suggested a dmp can anyone advise what’s the best way should I go with dmp or not thank you
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Mortimer Clarke Solicitors unresponsive
Good day I am hoping for some wisdom from someone - otherwise we will have to defend in court against Mortimer Clarke Solicitors This is situation: * We have been on a DMP with Step Change - it has gone well and we have 3 payments left to clear all our debt. It has taken 4 years to pay off all our debt. * One debt was…
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Where is the support
I have been In a DMP since Dec 2023 and I don't think I've had any support from Sttepchange really They never reply to emails They never answer your questions So how exactly are they helping I've never have any advice They set up my plan I pay in every month And nothing else I had a big bill come in Aug last year so I said…
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I am terrified
Hello… after receiving a wake up call when HSBC refused a consolidation loan I found this forum. Spoke with a company that helps with dmp and was suggested dmp. Won’t use this company as they are paid and will contact Step Change. But first a bit of a story. i am in my 30s. Divorced 3 years ago. After the divorce my only…
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Lowell saying not statute barred
I have had loads of letters, emails, texts and phone calls from Lowell since November 2024, regarding an old credit card debt The last payment on the account was Sept 2018 . I replied saying the debt is statute barred, however, they are saying it is NOT statute barred as the original lender issued a default notice in Sept…
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British Debt Collection Company threatens with CCJ due to unpaid membership fees on German website
Good morning, I hope everyone is well. I do have a bit of a tricky situation and don't really know where I stand legally. I am German, but do live in the UK for several years. A few years ago I have signed up on a German website for dog breeders, which offers a Premium membership, which I had for the last 3 years. A few…
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Huge interest rates, please help!
Hello - I’m trying to help my spouse who has got in a complete mess with finances. I’ve included some details below. I’m in a relatively good financial position and so can continue to cover the bulk of our household costs (we have separate finances) but given the amount of debt and the huge interest rates I’m wondering if…
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