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Debt Help
Hi there. I was looking for some advice and hope you can help. We seem to have no spare money left after pay and our bills/expenses are more than our pay. I think we pay around £1000 in credit bills each month. We are up to date with all payments but it seems to be a struggle and we are looking for some help. Sometimes we…
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Full and Final Payment Offer - More information required
I have been in a debt management plan since August 2018. I originally had debts of circa £37k with seven different creditors. As at September 2024 my debts are down to circa £15.5k and just four creditors. Defaults for 3 of the 4 creditors will fall off my credit file between February and April next year. The other default…
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If I Default on Credit Card Will my Overdraft Be Cancelled? - Scotland.
I currently am living off a very small income, after it was slashed due to post pandemic business difficulties. I have been warned this income could be cut completely, in coming months. I have tried to find another job, with over 100 applications, but am finding it increasingly difficult in 2025 to even find things that I…
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Interest on student overdraft
Hi All, I hope everyone is well. My partner has a student account with NatWest containing an overdraft of £1750 which is all used (around 98%). She pays off £60 per month and is hit with the interest fees of £46~ each month, so making slow progress at £14 per month. My questions is whether we can use the history of her…
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In a bit of debt and need some advice on whether a DMP or otherwise is the best way forward......
Good Morning All, Just joined the forum and picked up some great pieces of info and tips so far so thank you all for that. I'm in a difficult position atm financially, have toyed with idea of a DMP or similar for quite a while and have this week used the Stepchange website to look at my budget etc. I'm in £70k+ debt across…
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Next steps once default is registered
Hello kindly debt helpers, I have been waiting for defaults to be registered to 6 credit card accounts. Had taken about 6 months all in all! It looks like about 3 have now been sold onto different debt management companies who are calling me constantly. Wanting some advice about next steps before I contact them… Can I come…
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Problem with Marstons
This discussion was created from comments split from: Marston holdings debt company debt not mine..
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What small things will you do this week? W/C 17 March
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 cancelling 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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No CCA request responses for 6 months
How long roughly does it take for DCAs to respond? As background, I sent several off 6 months ago and apart from the initial holding response to say they were looking into it I’ve heard nothing. Well apart from when I got one response to incorrectly say it wasn’t applicable as the debt related to an overdraft. The debt was…
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Cheque Refund Interest
Received a checque refunding all interest charged while I was on breathing space. Is it ok if I just go to the bank and deposit this? I am currently waiting for all my accounts to default. Many thanks!
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Using both 0% credit balances and a loan to keep monthly payments of debts affordable for me
I have been successfully using 0%balance transfers to pay off some debts. I always set up DDs that will pay off the amounts in time. Recently illness, losing the £300 energy payment before Christmas , and my car being stolen and costing more than the insurance to get another, andthe general price rises for so many regular…
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Debt help
Hi all, Really struggling mentally and feel like I’m in a hole that just seems to be getting deeper and darker. Need some advice on how to proceed and get life back on track. Stupidly through my own fault I have racked up around £45-£50k debts through unsecured loans and credit cards. One issue that has caused this is I…
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DMP or IVA advice needed
Hey all, im new to this thread and could really use your help and support in our situation and how to proceed, im embarrassed and feel so ashamed that it has come to this point but i need to act now as it is seriously affecting our quality of living. I feel I have made some bad financial decisions and with a house purchase…
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Next steps with DMP
I am self-managing my DMP, I have been ignoring all the phone calls and letters, and waiting for a default notice. This morning I received my first default letter from M and S bank with the wording 'Default notice for M&S credit card account xxxxxxx' - this is the first one I have received so I am a bit worried. The…
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Proof Of Debt
Hi there, I have asked a DCA for proof of a couple of debts they are claiming. They have responded, and supplied a statement and agreement for 1 account. The other is only a statement This statement is only a grid you could knock up easily in excel, with Client Reference/Payment Date/Payment Value/Payment Type. There is no…
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Letter of Claim received. What next?
I recently received a letter of claim for a barclaycard debt that went into default late 2020. I was out of the country and ended up using the card due to a bereavement in early 2020 and was unable to make the monthly payment as it became unmanageable. I contacted barclaycard multiple times to set up a payment plan or to…
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Credit report status following F&F payments
Can someone confirm if you have a defaulted debt which was then paid off at a reduced rate how this would affect your credit rating? Would the default be removed? Would the reduced settlement show on your report for a further 6 years etc. many thanks
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Unrecognised debt on file - should I send a prove it letter?
Hi all, just wanted to ask for advice on whether I should contact a creditor AGG Booth. I have been discussing this on another thread where others have had them pop up on their credit file with no contact - and I think someone has tracked down some contact details for them - or a related company so I have an address and…
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Council tax enforcement
Hi I am at the stage of council tax enforcement. The debt relates to single person occupancy discount from two years ago. I listed my current income and expenditure and made the LA an offer that they rejected? Going forward, I cannot afford to pay in one go, do I just have to accept a monthly payment the LA will state? Is…
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Sudden contact from old creditor
I was on a DMP for over 10 years which I ended in 2020 when I asked for credit agreements from my creditors - I stopped paying those who couldn’t supply them and acknowledged the debt was unenforceable, and carried on paying those who could. In October this year, it is 6 years since my last payment to Link who since they…
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