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Paying off DPP with Stepchange
Hello folks, I am looking for some guidance and advice if anyone has been in a similar situation? My ex and I are selling the house so I will be in a position to pay off my DPP. I have just under £30K which will be most, if not all the monies from the sale. How shall I end this? I've see on some forums/reddit posts, to pay…
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How successful is no CCA
I’m a long way off requesting these but it’s got me thinking in the days of technology how successful is it where a CCA can’t be produced? I ask this because I notice on some of my apps the CCA is there so I assume if couple of years down the line I request a DCA to produce one they will?
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Am I best saving cash rather than in the bank
I am going to save an emergency fund whilst I await the defaults but am I best saving this as cash rather than in the bank? The banks I am now using are not affiliated with my debts. Also my pcp ends in 2029 - I need a car for work so plan on saving the balloon payment which is £9K - around £220 a month. Should I withdraw…
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How to sort my debt out?
Hello, I am in debt on credit cards (x2) and loans (x3) to the tune of £10,500. I am paying around £450 per month to pay these off. I do have around £500 left after I have paid all bills and debts, so while I am not destitute, these debts have become a constant worry. I have tried to get a loan to consolidate my debts as a…
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Run out of options on 0% transfers due to the high interest rates, what do I do with my debt!
?Hi all, I have been running up debt on 0% credit cards since about 2015 when I returned to work after 2nd child. I think my total debt is about £10,000 or slightly more but it is spread out amongst various 0% cards. I also have overdraft but that is all currently 0% as well and I am saving up to pay back my HSBC overdraft…
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Paying defaults
Hi, just looking for some further advise please. I've had a couple of debts eventually default and had letters and calls from the companies who've bought the debt. I haven't spoke to them but I've made payment to each for the last 2 months on websites. Should I contact them to set up a payment or is it acceptable to keep…
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Possible Mis sold IVA
I need some advice please, if anyone can help. I think my IVA was mis sold. I was told to say that gambling transactions on my bank statement were foreign currency at tge start of tge IVA and they rushed me through the process, which I went along with as I was desperate. I have MS, suffer with depression and left an…
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First time taking the leap - can no longer afford my repayments - PLEASE HELP
Hi all, My unsecured debt repayments have become unaffordable and I would appreciate your advice on next steps. Background I am a self-employed contractor which means I earn a good wage while I am working, however there have been lengthy gaps between contracts where I have earned nothing at all. This, paired with vital…
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Is there a list of who creditors sell debt to
Is there a generic list of which lenders sell their debt on and to whom? And which creditors use ‘in house’ collections? Which lender is likely to go for CCJ (or decree in Scotland) I’ve tried reading back through some threads (the search function on here is hopeless - or maybe it’s just me!) I’ve accounts with; Natwest…
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Heavily indebted doofus - do I default?
Hi all, came across this forum as a 31 year old idiot who has landed himself in a whole heap of debt. My situation is complicated and I'm hoping that as this is purportedly a judgement free forum I won't be too criticised too harshly for the situation I've landed myself in. The long and short of it is that last year I…
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Affordability Complaints
No longer going down the route of step change, a das or trust deed. Going to manage my debt myself. So first things first, I’m considering making affordability complaints. When is best time to do this? Debts not defaulted yet. If debt is sold and affordability complaint upheld does the debt go back to the original lender?…
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My first ever SOA - never had the courage to post it before.
Even though had lots of help in here before, I’ve Never done a SOA as bothered what people will say to me about where I’m going wrong and my head can’t take much more upset and stress. But here it is. 😔 It’s long but I’m letting it all out as no longer know what to do. Before I started a DMP I was married. We spilt up 2024…
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Can you use a PO Box for banks
just wondering if I got a PO Box whether banks would allow this as a mailing address, or whether they need a physical address? Just trying to reduce the volume of letters coming to home address.
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Help required with large Persistent Credit Card Debt. Have had a recent first Default.
Hello Debt-free wannabe's, I am new to the Forum so just wanted to say hello first before posting anything in detail. Just wondered if you would be ok with me listing details of 6 of my credit cards and one loan? Thanks, M
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£43k DMP?
Hi all I've done a budget with Stepchange and worked through £43k of debts (credit cards) - 0% balance transfers, yadda yadda, all got out of control. The budget has £410 per month to pay towards our debts. Overall question, is it best to do to a formal DMP through stepchange, or manage my own and dedicate efforts in…
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Debt write-off due to mental health illness and long term unemployment
Hi everyone, I’m looking for advice specifically on having a debt written off for my mother due to long-term mental illness and lack of capacity. A card was posted through her door by ResolveCall, saying they attempted a visit regarding an account. No details were given about the original creditor. Background (important):…
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Find myself in debt again! (Scotland)
You would think I’d have learned the first time round! This time round it’s way worse! £30k worse! I’m currently at the stage of missing the first payments so few months of defaults yet. Is there a template letter for offering token payments (once debt has defaulted) What do I need to provide to offer token payments? Bank…
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Thinking of DMP with Step Change
hi , I’ve completed a full assessment with Step Change as I just can’t carry on with a substantial amount of debt 70K accumulated over a few years due to some serious health issues husband and myself and erratic income. So far I have maintained all repayments but have used all of my savings. We are both in our 70s and I…
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Self managed DMP help
Hello everyone. I understand this topic comes up over and over again but I would really appreciate your time to just clarify a few things, just to make sure I do things in the correct manner and to not dig myself a deeper hole. iv been reading a lot on here so I think I have everything I need possibly. I have debt of…
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Field agent visit
Hello, I have been up and down with debt for years. I have about 5 low level debts with Lowell, ranging from £200 to £2600. I have one with TM legal which I pay £1 a month towards. I have one more somewhere from an old mobile company. I have signed a new contract at work to increase my hours so will have a bit more income,…
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