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Partial Settlement Offer Query
Hello I received a letter today from a debt collector. Can someone clarify if it states that I have been offered a partial settlement of £750? "We are writing to advise we would be unable to accept £750.00 as a full and final settlement of the account. Wewould only be able to offer a partial settlement which is a…
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In distress - mortgage shortfall
Thank you in advance for reading. I’ve been most distressed by this. I’ve received a letter from Hessonite stating I owe just under £30k for a mortgage shortfall. My ex husband decided to go bankrupt in 2006 and all assets (including the house with Northern Rock mortgage) was taken into the insolvency estate. We were made…
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Ashamed of debt
Hi Everyone, I have been following posts here for a while, gathering information and starting to fill out details on the StepChange website. It’s incredibly difficult to admit, but I’m ashamed of the debt I’ve accumulated, which has gradually spiralled out of control. This month, in an attempt to speed up debt repayment,…
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Advice on credit card repayments
Hi so I am brand new to this. I have a credit card just short of 3k that I’m paying back minimum payments each month so it’s not going down. On 20th feb I will be paying 27% interest rate. I was wondering if it’s possible to get another card to pay it off; and start again so I’m not paying interest? What can I do
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info on mental health and debt form
I thought I'd seen something recently about the MHDF as in a how to guide or something. Does anyone know where this is? Can give me a link please??? TIA
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Best way to clear debt?
No judgement please. For the first time in our lives we are renting but have a lot of debt most of it credit cards, we’re talking 60-70k. We started our own business 3 years ago and it’s still taking time, although our projections are solid. How can we consolidate our debt without having an asset to secure against?
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Pay off loan or credit card?!
Hi all, first time poster with a bit of a dilemma… I have 5k on a credit card and a loan of 2k that I am paying off monthly… I have managed to get around 2k from a savings payout, my question is am I better off paying some of the Credit card off or paying the loan off in full? The credit card is 0% interest with a minimum…
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Mortimer Clarke Earnings order
Good morning I wondered if I could get some advice please I received a notice of application for attachment of earnings order from the above for a debt with Cabot financial. Do I have to fill in the attached statement of means to send back to them? I also do not recall ever having any credit with Cabot and haven't had any…
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Redundancy, remortgaging and debt
Hello all, Just a quick one for a quick advice. So my husband has just been made redundant. We have lot of debt. And can remortgage from 2nd of February. I was looking at doing self managed DMP. A few of my credit cards need paying today 30/01. My question is: do I stop paying them now to start the process of defaulting?…
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DMP associated bank accounts
I am intending on starting a DMP - I owe money on my overdraft on my current account- I have a new account elsewhere. However, I have associated accounts for my children, they are 16+ and use the debit cards in their names to spend with. Is their money safe? or can the bank call upon the balance and attached to my account?
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What small DFW things will you do this w/c 27/01
When we start on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards, and canceling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when in…
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Littlewood Debts
Anybody got any experience, advice on what Littlewoods does in regard to falling into arrears and not making the minimum payment each month. I have fallen into arrears with a current balance owing of £1464.50. The payment of £15 a month I need to clear the Buy Now Pay Later balance I can afford to avoid paying any…
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Panicking
My partner went to cap over a year ago. They took all his info and suggested an rva, however they then said they were too busy and refered him to moneywellness, however over a year later we are still waiting. They keep asking him to upload more info, now the cap referral is out of date and all the time the debs keep…
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Council Tax / Attachment of Earnings
Morning all - advice needed on how to proceed if possible please. Got behind with Council Tax over the last period due to moving house etc. Received a summons at end of December and a request for breakdown of earnings. Sent that through and after back and forth with the Council - it was agreed by them they would pass this…
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DRO/IVA/Bankruptcy advice
Hello I'm desperately trying to get some advice DRO/IVA/Bankruptcy having gone around in circles! After speaking to Step Change, I was advised to take the option of a DRO to clear my debt. However, when speaking to Money Wellness (the company Step Change advised I speak to to arrange this), I was told that I wouldn't be…
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How to cope with debt mentally?
I worked every day including weekends to save £40k (£15k from investments) over the last year. Having saved £40k and ready to put down for a deposit, I had a manic episode where I lost all £40k, and took out a £25k personal loan and lost that too. I pay £615 monthly interest on the loan, I make £3,300 after tax and live…
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Help required with debt issues please
Hello all, I have a diary on the DFW board but was advised to post SOA here as get more advise. If you want the background please go to DFW diary, basically breakdown of marriage, lots of bereavement and major health issues for DD. And also me being too nice and helping people out with money and situations and now it has…
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WIll PayPlan wait to start DMP?
Was planning to let accounts default first because starting payments for DMP with PayPlan. Currently talking to an advisor and they are getting initial information from me. I think I already have a couple of missed payments in January. Not planning to make any more payments this February. And also for a few months until I…
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Considering a DMP
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Advice from Your Experience ?
Hi, I am wondering if anyone can advise me from experience how they have managed to pay off their debts... It may not sound like much to some and i know that people are worse off than me but, I have £8727.81 of debt and its keeping me awake at night time. I have very 3 young children whom are missing out due to me having…