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Serious questions about Debt Management Plan and StepChange
So, I've been on a token repayment plan for the past 4 months with StepChange. I have informed them that I've had a small bump to my income and as a result, they want me to ring them and redo my budget over the phone. Now for transparency: My income is £29k plus a £5k part time self employed job (100 a week or so) so…
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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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Help! £54K debt, DMP process and defaults.
So I have the following debts: Virgin credit card: £9646 (interest free period expires next month) Lloyds credit card: £6464 (paying standard interest rate) Santander: £5098 (paying standard interest rate) HSBC: £6198 (interest free period expires next month) M&S credit card: £ 3143 (period expires 6 months) Halifax credit…
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Debt Management Plan
Good afternoon all, I hope this finds you well - sorry if i have not posted this in the correct place. I have broken up with my partner for the right reasons, however we had credit card debt which was solely in my name so now i am lumbered with it all. It's around £40,000. These are made up from several credit cards. After…
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Communicating Change of Circumstances with Creditor
Good morning My partner and I are going to be splitting up this year and selling a jointly owned house. I'm going to struggle paying my credit card bills next month. I had my heart set on cancelling direct debits and starting saving for a DMP as they default but reading further threads some people have had success talking…
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Resolvecall
Hi All I am worried sick they are going to call at my home 10 years ago I hit on hard times with credit cards and agreed with the bank to pay the dept off at £5 a month From then till now I have done that The bank sold my dept on to a DCA and I received a letter from the bank telling me they had done this and I didn't need…
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Affordability complaints?
In 2017/2018 I was living in my 1500 hsbc overdraft, maxed out on my hsbc credit card and got a loan with hsbc to pay those off and cover day to day life.I then consolidated and got a bigger hsbc loan - 18k which then meant I had more payments to make each month, I got a 4500 mbna cc followed by an aqua card where the debt…
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How best to allocate £6k cash + £6k loan across cards?
Hi all, I hope everyone is well, I am hoping someone can help advise me. I want to know what the best way to allocate a lump sum across several credit cards to avoid defaults and stabilise my situation. I would truly be grateful for any advice and ideas. II had to leave my job and unfortunately spiralled and missed…
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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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British Gas have destroyed my partners Credit Score
Apologies for the long thread, but hoping for a bit of advice. My partner checked her credit report recently as she was having issues applying for a new bank account. We found late payment marks (totalling £1300) from British Gas every month since the start of 2025 for a property she hasn't lived in for over 15 years; this…
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Nationwide and ARC
Good morning all. I am just looking for some peace of mind. I have worked hard over the last ten years and reduced my credit card debt from around £48,000, now down to under £10,000. Most of this is with PRA who I pay £40 a month to but I do owe Nationwide just under £2,000 for a credit card. All of my debts dropped off my…
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Full and final settlement - Lowell
Hi all I got Lowell to agree a partial settlement for a defaulted debt. This was their email response to me. Is this watertight enough to not sell the debt on or do I need more from them before sending the money? Dear xxxx Your payment planBalance £490.94Agreed payment amount £200.00 *Thanks for your recent payment offer.…
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Account disappeared from credit reference agency reports but not due to old default?
Hi, this is a bit of a head-scratcher for me and I'm not sure how to proceed without potentially putting myself in a less favourable position than I am now. I would really appreciate some advice or inputs (if someone has been in a similar position). I had a Vanquis credit card (among others) and in August 2019 I entered…
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Please help £75k debt!
Hello everyone, I found this forum and have been reading different stories the last couple of weeks because find myself at breaking point, 35/M I have a history of gambling addiction which is the root cause and for the first time in my life ( it has been approx 2 months where i feel in control of it and honest with it to…
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Credit Card debt issues
Hi all not quite sure where to put this post as it crosses different category's. I usually flip my CC's every 12 months from one promotional rate to another just paying off the minimum payment as its all i can afford with having 2 teenage lads now swinging the hinges off the fridge on a daily basis and the cost of living.…
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Balance Transfer Card for Next Account
Hi all! I’m autistic so bear with me, I tend to just write things as they are in my head so I hope it makes sense to at least one person :D I’ve been pre approved a balance transfer card at 0% for 31 months with £3000. I’m wanting to use this to pay off my Next credit account faster which is at £3000, its interest is 24.9%…
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Best way to allocate £12,000 between creditors?
Hi all, Hope everyone’s doing okay. I’m after a bit of advice on my situation. I’ve got a lump sum and I’m not sure of the best way to split it across a few credit cards to steady everything out. I had to leave my job and things kind of snowballed. I had two accounts on payment plans (Tesco and MBNA). Over the last few…
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Affordability Claim Win! Finally.
1 year 2 months and finally got my affordability claim win!! Never thought I’d get it sorted but it finally happened. November 2024 sent Newday my complaint which they rejected. I sat on it for 5.5 months thinking no point taking further to the FOS. They’d sent a massive lengthy letter explaining why I was wrong. It put me…
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Difference between sold and managed by
So I’m in the process of defaulting, I have 11 creditors quite a bleak situation with 9 of them defaulted. Also just want to thank everyone it’s been a tough old time of anxiety, regret, shame and quite scary so thank you for everyone who’s helped in any of my previous threads. basically PRA have 3 of my debts and WESCOT…
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Default
Self managed DMP. My first default back in November (noticed on credit file in December) was from PayPal however they haven't sent me any default notice or passed the debt on. How would you manage this? Await official letter to start payment plan or just start making payments to PayPal?
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