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Bad credit car finance
Hi, Does anyone know of any bad credit car finance they can recommend please?
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Parent Offering to clear debt.
Hello all, As some may be aware my long term relationship is ending and I have a lot of debt. My Mum initially was going to get a regulated BTL to buy my ex out of the house so I could stay in and pay her rent. Her financial advisor put her off the idea using figures of 6.5% mortgage and that I'd pay £915 rent (which is…
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When to make affordability complaints in the DMP process
I have just stopped paying this month. Do I need to wait for the accounts to default or should I get on with it before that? Thx
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DMP - Plan
Ive been in contact with stepchange who have advised DMP. None of my debts have defaulted - I have just missed my first payment I panicked with Stepchange and asked for breathing space (expires on 4th August). Stepchange are asking for further details such as wage slip with address etc...so has not been setup on DMP with…
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Should I close my credit card account?
Hi there. In a nutshell due to spending on essentials and other unexpected house/car bills popping up I have about £15,000 spread across four credit cards. I notice when I get my monthly credit score that i'm marked down for using more than 50% of the available credit on a card (and sometimes more than 75%). I'm managing…
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Token payments to DPC's pro's and con's
Hi all. A few of you may be aware of my situation as follows: Cabot - Fluid 2681.2 Cabot - Marbles 5737.45 Cabot - Halifax 6050.42 Lowell - Lloyds Bank 16012.2 Lowell - Capital One 7804.2 Lowell - Virgin Money 7448.09 Lowell - Lloyds Group 4723.96 Lowell - Lloyds Group 533.58 Lowell - Lloyds Group 530.62 Link - BoS 3635.38…
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Cannot produce CCA
Finally after year's of debt, i am now down to the last creditor. (A certain well know debt collection agency, has been acting on behalf of the bank in question.) The debt is over £6k. I requested a CCA, which they have now answered today, stating that the bank cannot provide a copy of the agreement. Then go onto say they…
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No choice but to consider DMP - help appreciated!
Hi, I have been reading advice on this forum for a while and I've realised that despite trying for years to repay my credit card debts I have actually just been treading water at best and now more recently getting further into debt month by month. It has been a combination of everything being more expensive post pandemic…
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DMP - the beginnings
Hi everyone, Unfortunately I’ve been in this position before (about 16 years ago) where a DMP seems the only way out so will be going down this route shortly. I’m fairly happy with the process but wanted to ask a specific question. What happens if I don’t default on all my outstanding debt? For instance, I have an AO…
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Debt / Partial Settlement / Mortgages
Hi all, I really appreciate any advice you can give me here. I've tried doing my own research but I keep seeing information which almost seems to conflict itself and I'm going in circles. In essence, before my partner and I got together she struggled financially and ended up racking up some debt. I don't know all the…
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How to check status of debt
Hi, we're starting a Self managed DMP and we're confused about one of the debts. We had a letter in December asking for the full amount to be paid but after that we've jusy had letter asking us to contact them and a letter from Wescot to say the debt has been transferred to them but as far as I can see we've not had a…
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Guidance on changing to a Self managed DMP / F&F settlements
Hi, I have a few various questions on this post, any help for any part of this post would be super appreciated. I am currently on a managed DMP and looking to end this arrangement and change to self managed. I've read around on others experiences doing so but I am finding the process a bit overwhelming and need it broken…
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DMP advice please
Hi all. I’m currently looking at setting up a DMP due to the amount of debt I currently have. ( over £60k ) I would just like some advice and help if possible on a few things. Having read a few posts on this forum I’ve set up a new separate bank account and my wages will now be paid into this bank. I’m currently in the…
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Barclays Overdraft, a weird experience
How do, I'm half way through my debts defaulting through my self managed DMP plan, anyway given overdrafts take an age to go through the system I thought why not contact them? (I've deliberately not contacted loans etc. to get defaults quicker which seems to be working) After speaking to their collections debt, they seemed…
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Capitol Resolve
Hi there I have had a letter from Capital Resolve stating that I owe Ovo Energy a considerable amount of money. I have never been with Ovo energy and have never had a bill from them or anyone else. I have never willingly not paid any energy bill and am not aware of any outstanding payments. I have sent a letter to both…
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My debt story - looking for a bit of support
Hi all, I’ve been a long-time lurker on here but finally plucked up the courage to post. Looking to tell my story for bit of support and some honest perspectives and maybe offer some support to others Over a number of years I built up a large amount of unsecured debt (6 figures) across credit cards and loans. It started…
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Car Finance VS ISA
Morning all, I'm looking for a bit of a sense check / advice please. I've currently got a car with a PCP finance deal, roughly 18 months in, 8.9% APR I'm also now at the point where my savings (ISA/emergency/S&S) collectively add up to almost exactly the settlement amount for the car. The payments are manageable but would…
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A Little Light Relief for a Monday.
If your sick and tired of creditors hounding you for payment, why not do what this 19th century Royal Navy Officer did, back in the day, and send them this rather "typically British" response to their letters: Sir, I am in receipt of your "Final Demand" for payment of my account. I have to inform you, that my normal…
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PayPal woes
Hello, I have been on a DMP for a while & am nearly all paid off (yay!) but I had defaulted on paying my PayPal pay in 3. This debt did not (as far as I’m aware) get added to my DMP and still shows up on my credit file. I also had a separate PayPal credit debt which was added (and is now paid) to the DMP. When I ring…
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DMP set up but wondering if I should have defaulted first, and is too late to change?
I'm 29, based in London, earning £2,290 a month. I've just had a DMP set up through StepChange yesterday and they've confirmed they've received my paperwork. But before I fully commit I wanted to get some views on whether I've done the right thing, specifically around the defaulting first debate. My debts Total…
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