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StepChange v Self-Managed... £85k+ Debt
Hi all, I am trying to decide whether to pursue a DMP via StepChange or Self-Manage. Any thoughts? I am nervous given my debt is so high... I cannot go formal insolvency as I work within the financial industry (I have checked and I do not need to declare and I am not credit screened in my role). * Currently in Breathing…
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Brodies on behalf of PRA
hi guys, I have received a letter from Brodie’s on behalf of PRA (barclaycard debt) stating ‘notice of court action consideration’. I did a CCA request to PRA in 2023 and I’m still waiting…just double checking this letter isn’t anything to worry about? Says court proceedings may be taken against me if I don’t pay by 10th…
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13 yo credit card debt / CCAs and partial settlement
Hello - my first ever post. I have two queries. In 2012 I defaulted on several credit cards. Been paying them all a tiny amount per month ever since. All has been quiet until recently when Cabot suddenly started threatening me with debt collectors and sent someone round who left a card. (An issue may be that my direct…
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Profitable Amazon business, now under heavy debt pressure - looking for advice
Hi everyone, I’m posting here because I’m currently under significant financial and mental pressure and would really value input from people who have gone through similar situations. I run an Amazon business (UK/DE). Two years ago the business was generating between £7-10k per month in profit. Based on that performance, I…
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Perch Capital / ACI / Salary Finance
Hi, I've this morning received correspondence from ACI as Perch Capital has purchased my loan from Salary Finance. Wording definitely says "Sold". I immediately rang them to inform them the balance is incorrect (£187.50 difference, not much I know) as a result of a irresponsible lending claim back in September 2024, and…
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ACI / Updraft
Hello, I posted my first post last May 2025 mentioning I was approximately in £70k of debt due to gambling. Today, I am mentally feeling a lot better with my debts across 11 creditors at £57k so I'm immensely proud that the balance is going down. I did go self managed and found thing so stressful so I went with PayPlan for…
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Lost court cost expenses
Hi al I have a debt of 10k from the council It has not gone to the bailiffs yet as very early. I jave mit got a formal letter yet from the council Ive just been told what the amount is. Does it matter what the debt is actually for from the coincil as to wether they offer a payment plan? Its mot council tax debt its debt…
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Irresponsible lending complaints advice
Hi, I'm just looking for a little advice regarding my complaint responses. Virgin CC have refused the complaint so I've sent to the FOS. Barclaycard have replied to say yes they agree I shouldn't have had the last increase from 6k to 7k so have dropped the limit back to 6k and ive just received response from Castle…
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Halifax default after account misuse – debt now with Wescot – next steps
Hi all, I’m looking for advice regarding a Halifax account that has recently defaulted and been passed to Wescot for £410. In late 2024 / early 2025 I was introduced to some individuals by a mutual friend. I was told they could help me make money through crypto-related transactions. I now understand this was a scam /…
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Best way to manage
Hello, I currently owe 6,000 on a credit card and I am able to afford minimum payments each month. After 2 years I am now being charged interest of 26.0% - 30% compound equivalent, meaning of the £250 payment I make £122 will now be the interest. I also use all of my £500 overdraft every month. I am unable to get a 0%…
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£57k debt - Stepchange or self?
Hello, I (29M) am finally resolving my debts after years of letting it get worse, I found myself trying not to miss payments and so took out further money which got me into this hole. (Not missed any payments on anything) I have 4 loans, 3 credit cards and 3 overdrafts and I am looking at a DMP with Stepchange, I can…
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Consistency in Financial Ombudsman Affordability Complaints
I currently have 6+ complaints in with the Ombudsman about numerous cards and loans. I am struggling to understand the lack of consistency in their investigators findings. For example, one investigator has agreed that one company should not have given me a loan of £4000 in late 2024 due to the fact that it was plain to see…
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Pension Payout used for paying off debt
I'm at an age now where I'm thinking about possible retirement and looking at my pension options. One of those is that I can get a 25% pay-out when I turn 55. As I have a significant about of debt, 30K+ that is manageable and reducing, paying £1000+ per month. I wondered if it would make sense to pay off that debt using…
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Verify Home Visit
Hello,I owe a couple of debts from an old address about 13 years ago.I never informed any company I owed money too that I was moving.I have recently received a few letters from debt agency's at my new address which I have ignored.The mist recent 1 is from Verify saying they are sending someone for a home visit.I have not…
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debt free wannabe (huge financial family mess)
Hello, I have this MASSIVE family financial issue and I am not sure how to resolve it. Help, please! My husband has no income as his two business are not producing any profit (and they never had since 3.5 years ago, when he started them). My income is good, but not enough to support a high mortgage and a family of 4 (2…
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10 Year Old Catalogue Debt
I have just received a letter from a debt recovery agency about a catalogue (Fashionworld but changed now to JDWilliams) debt from 10 years ago.I have not had any contact about this debt in all that time.It is for £1500....Would this debt not be statute barred and what would my next steps be.I am in Northern Ireland..Thanx…
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DMP and Lump Sum
Hi, I have an incoming settlement from a divorce (buyout from FMH) of £38k. I have £30k in debts across various credit cards which were needed to start my life from scratch unfortunately. All debts have defaulted and passed to agencies, currently paying £100 a month through a DMP with StepChange. I understand that I will…
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Zopa letter
Hi, So a repayment plan I was on with Zopa for 3 months has just come to an end. They have sent me a letter today (dated 17th Feb) informing me that "my loan will soon go into default." But then it also says "Get in touch today to avoid a Notice of Default." So does this mean it's in fact a notice of arrears and I have…
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DMP Journey
All I am three months into waiting for accounts to default following missed payments. I have 6 creditors owing approx. £92000. I have done a SOA with stepchange and I can currently afford £500 a month towards paying off my balances. I am self managing now after identifying a workable budget. I made affordability complaints…
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Making a full & final settlement offer
I am currently in a DMP that will take 14 years to complete. A friend will give me money to make a full & final settlement offer. Should I make the offer through my DMP provider or go to the individual creditors myself?
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