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Crippling debt from private lenders with PGs - Help!
To cut a long story short(ish), my partner & I had a successful business & borrowed funds into the business from private individuals to grow it. Taken in good faith and with a clear plan at the time, which was working successfully at first. However, a number of events, including the pandemic, changed the course of the…
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£16500 debt and remortgage coming up
I brought a shared ownership house May 2024- since living here things havent been the best leading to £16500 debt. My remortgage is due next year- what can i do to resolve this to enable me to remortgage- thanks
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This is it, rock bottom. Advice please
I have finally got to the stage where I've sold everything, my savings have run out, and I've used all available credit card funds on shopping, fuel etc. I now have nowhere to go except not pay. I have filled in a stepchange form and it says a DMP is the best way to go. Debts are 5k Lloyds card, 4k Lloyds card, 3k Capital…
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Struggling with debt and trying to find a way out.
Hi After losing my business from a mixture of both Covid and IR35 reform I have been struggling for a long time and it has taken a serious toll on both my marriage, which has failed leading to seperation. I've been in a dark place but after reading through this forum it feels like I might have found a way out. I've been…
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About to enter a dmp, worried for my partners credit rating
Morning, im about to enter a DMP, although im worried about my partners credit rating. we live together and have a mortgage together although we aren’t married… will this affect her credit too? Thanks
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Link debt.... this is getting weird
I got contacted by Link early this year chasing a debt.. Well, it seems the card which has defaulted belongs to someone with the same name as me but different demographic's. Sometime last year Link where provided with my telephone number, linked to this address. I've had spam calls previously linked to this address but…
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Desperately need debt help
Firstly I am new to forums and think I accidentally posted this in the wrong place! I will try again… I would really appreciate some advice on how to get out of the massive debt I’ve got myself in. I am meeting minimum payments each month and have no missed payments. However my minimums are ridiculously high and my monthly…
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Is an Affordability Complaint an effective way to get a default amended (or removed)?
I've been in a PayPlan-managed DMP since August 2019, and until recently, I believed I would have to slog it out for a few more years (based on projections) to pay the whole thing down. However, circumstances have changed, and I will have enough money to pay off all my debts next year. Despite being in my DMP for this…
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Would you consider this a LBA?
Hi All, Would appreciate your advice? Can this be considered as a letter before action? Thanks
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Link Financial - Full & Final Settlements
I've noticed there are a lot of people on here dealing with Link Financial. I currently have multiple debts with them and have started the process of offering F&F settlements. Currently their counter offers are way too high so I'm waiting it out for another 6 months before approaching them again. Has anyone had offers from…
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Trying to reduce interest loans - getting declined
Hello there, So, I've been doing some cost calculations, I occasionally check my finances and see what I can do to improve things. At this point, I have two loans working out at £17,400. paying these off with the interest is working out about £548 a month, I can afford this but I want to try and consolidate and try and…
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Zopa Default
Hiya, just looking for a bit advice please. Had an email from Zopa saying they have issued a default notice on my loan and if I dont reply to this the full amount will be due. I'm assuming this is what I'm waiting for? They've said if I donr contact them then the full amount incl interest will then be due. ( I currently…
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28k in debt - totally stuck but want turn it round…
Hi, I’m very sad to say over the last few years I’ve run up a stupid amount of debt - I feel so ashamed. I think there’s some underlying reasons behind this but I essentially have spent way over my means and then started gambling to try and get it back… I have a wife and two young kids and I basically want to sort this out…
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Debt Help Wescott - Aqua
Looking for some help. Im in the middle of setting up a DMP myself. Going well with the advice of everyone so far but I'm a bit stuck on what to do with this one Aqua balance 7800 Last payment January 2025 Account passed to wescott to manage (Not debt brought) in May 2025 Aqua defult letter sent August 2025, not yet on my…
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Stepchange DMP, payments
I have applied for DMP with stepchange, I have given 3 different payslips as my pay can be different each month as sometimes I do get offered overtime, but this isnt to often, how will they average my pay? Will they look at my highest payslip and go by that or go by my lowest wage earned?
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Thinking of entering a DMP in late 30s. I'm genuinely scared.
Hi everyone. I hope you’re all well Please accept my apologies for the long message but I really could do with some advice. I am falling apart. I can't sleep well. I just don't know what to do anymore. I'm in my late 30s and have completely !!!!!! my life over. Left a toxic job in April, found out they were scamming…
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PRA partial settlement
Myself and ex husband are in a personally managed dmp which is over 6 years old so defaults are no longer showing on our credit files. We both have debts with Barclaycard that were taken over by PRA group. His debt is £6,800 and mine is £14,800. We have just got divorced and are able to settle these debts with the sale of…
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Help with debts!
Hello, I'm new to the forum but have read a few threads and have a much better understanding of debt. I still have a few questions though if anybody would be greatful to answer for me. Apologies if they have already been asked an answered but I haven't been able to find any answers. A bit about me... I have had a gambling…
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Bank account closed, but still overdrawn
I recently queried a default on my TransUnion credit file and found my current account with Coop Bank that I closed four years ago, in May 24, was £210 overdrawn. I moved home and hadn't updated the bank of my move as I thought the account being closed was the end of it. They claim to have sent letters to that address…
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Lantern Debt Purchaser/Collector
My Bamboo loans defaulted and sold to Lantern and they have emailed to ask me to call today or within 5 days to sort payment plan. Do I now call them and tell them what I can pay? Any ideas what they will also ask? I’ve never heard of them. I don’t have any bank details off them telling where to pay just this email saying…
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