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Do I do an IVA?
Hey guys, woild live your thoughts on this, as all of your advice blows my mind every day! I am shared ownership 50% - zero equity. Single 35 I have about £35k debt including unpaid council tax that has gone to ballifs to take goods. I got in a spiral when I lost my mum and just borrowed as my income went down (commission…
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Zopa loan help please
This discussion was created from comments split from: Zopa Loan default.
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Link threat of legal action
Hi, I would really appreciate some advice. I was in a DMP from 2012 to 2020, I wrote to all creditors in 2020 asking for the CCA, none of them could produce. Some accepted F&F, some didn't. Of those that didn't I've either heard no more, or had the odd text/email/letter letting me know the debt is still outstanding. Link…
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Cabot/ orbit
Hi new here !!! Hoping someone can help I had a letter last week for a debt from 2016 that was with Cabot financial I haven’t made any contact with them since November 2019 , the letter which is in my Maiden name from orbit I didn’t even read I threw away but I also received a text saying someone would call. Also , for…
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old ccjs
hope someone can help! am dealing with husbands affairs as he has slight dementia, Lowell are saying he owes money but the debts are ccjs from years ago which court payments were set at £1 per month as he has no income as I am breadwinner, they say no record but I know they were taken to court, just need to find paperwork…
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unknown debt
Hi All hope you can help! keep getting texts from a debt company called Ophelos stating I owe money on a credit card that I have never heard of! is not on my credit file and search does not show any card in this name i.e. Sky card, any ideas, have emailed them asking for details etc and no answer, just texts every day
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11k debt
Hey everyone, I am hoping you would be able to help me please. I got 11k in debt however my loan of £8500 has now got a default since early July ( made last payment in June,). I was trying to get my debt sorted and reached out to Money Wellness Group, which I found out about as PayPal sent me an email on how to manage…
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Debt Help
Good morning, It's been recommended I post on this board, so if you've seen my post duplicated on the IVA one, that's why? Firstly I would ask that you don't judge, I am fully aware I have made some very silly mistakes when it comes to my money and I am now trying to get on top of them. I have just had a call with…
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Payments after defaults
Just a question on what my next move is after defaults are registered about arranging payments. I’ve got my disposable income of £150 and worked out % payments for my five creditors: > I’ve set up a standing order for a Sainsbury’s loan account which is with Advantis for their % which has been accepted for £9.80 a month…
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Daily phone calls and initial letter from Westcot
Earlier in the year you all gave me some really useful advice about my frightening debt situation. I stopped paying all my cards in Feb/March, and am waiting for them to default. None of my credit card debts have been closed and defaulted yet on my credit record. I had a letter from M&S saying they were passing my debt to…
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Payplan DMP
Hi, So I contacted pay plan because my debts amass to around 33K and I am struggling to keep onto of the monthly repayments. We went through all my income and outgoings and they recommend me going on a DMP. We worked out I would pay £591 a month and it would last 4 years 7 months ish. Our fixed mortgage is going to end…
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No defaults on credit file
Hi all I’m a few months into my journey of self managed DMP. I had a default letter from Hastings loan in June, nothing is still showing on credit file but debt has not been sold on. What do I do not make contact until it shows on file? Or contact new company and update regarding a default notice? thanks
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Trying to get free and out of DMP
Hi, i have been in a DMP with payplan for around 12 years, and still have a long way to go. I potentially may have a gift being offered to partially pay off some of my debt, but the giftor is keen to keep it as a low as possible. I still have £20k to pay off,paying £80 a month, to 11 creditors. How would i go about trying…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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30 Years old, $53k In Total Debt, $100k Salary - Need Advice
Hello everyone, I'm pretty scared typing this but I need advice on how to tackle paying off my debt. After totaling everything up I learned that my total debt is $53,425, with me paying about $1,903 a month (credit card debt + personal loan). I realized I've made some serious mistakes in my finances but I believe I can…
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Cabot repayment
Hi all. I have been making small monthly payments to Cabot since they took over the debt in 2017. I have recently been hassled to update my budget planner. I was prepared to pay more, but they have told me that I need to now pay them £92 per month when my monthly disposable income is £169.50. I declared that I put £25 per…
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Lowell settled default - O2 error
O2 incorrectly charged me £14. I called customer service, thought it was sorted, a year or so later I heard from Lowell. It was only £14 so I paid up not realising they would still raise a default on my credit rating. I chased O2 again who confirmed the error was theirs in writing, and promised removal of the default…
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Zopa Loan default
Hi, could you please advise if this is anything to worry about before I start a self managed Dmp? At what point do I contact them to set up a payment please? See attached letters. This is after 2 missed payment rather than the 3 to 6 that it says they usually start defaulting. Donr want to end up with a Ccj 😞. Thanks for…
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Use LISA to pay of debt?
Hi everyone, I’d really appreciate some advice/opinions. I have nearly £15,500 saved in my LISA account towards a deposit. My problem is, I also have £7000 worth of credit card debt which I just can’t seem to shift. Because I have them means I’m so frivolous and just use it. I really want to just get rid of both of them to…
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Credit/Loan/Debt Help!
Hi, I've been trawling through the website and Forum for some help but haven't quite found the right thing... plus some conflicting advice. I'm hoping this community can provide some help from their experience to navigate me through this minefield! I have a 'normal' credit card, a 'balance transfer' card, Paypal Credit…
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