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DMP for £60k worth of debt...ready to tackle this!
Hi Everyone – long time lurker about to embark on my self-managed
DMP journey. The main point of my post is to explain how I’m going to go about this, for you
guys to tell me if there’s something I can do better or in a different way and
questions that I have. Are their any tips you may have to help this all go smoother? I…
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NCO Europe & Capquest - 15 year old debt
Hello everyone, I am sure this has been asked before but its now happened to me and I would love some guidance and reassurance. My previous relationship has resulted in a divorce, which happened 5 years ago. We are living in separate countries now. I was out of this country for a short while and am now at the lovely age of…
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HMRC letter
Hi Not sure if this is the right place to post this. I have received a letter today from HMRC for late filing penalties dating back to 2013/2015. This is the first time they have contacted me. I did run a business back then and had an accountant who dealt with all my returns. I am aware that HMRC can persue you for a long…
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Help needed please 🙏
Hey all, so I’m £27000 in debt. I don’t have to explain why but I want to. Split from my ex husband of 24 years Feb 22, sold our house & actually paid off our £42000 worth of debt, I have 3 children, I work full time, I stupidly racked up more debt which I should not have done. Been lurking on here since April when I…
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Feeling a bit down about it all.
So as I pay debts off I cut up the card, I have paid off two loans this month and have cut up 3 cards today. I looked at my spreadsheet and realised I STILL had 7 debts to go, one loan and 6 credit cards :( . Just feeling a bit deflated (was 30,000 now down to 16 000) .
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Reduced payment plans
Hi, I’m just starting a new thread to try and understand the pros and cons of reduced payment plans. Do they just mean that you pay a reduced amount and take longer to clear your debt? So interest remains the same, the debt amount remains the same, the only thing that changes is the monthly payment and therefore the loan…
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DMP Newbie
Hi all, I am at the very start of my Debt-free wannabe journey. I have £ 47000 in debts (this includes a hire-purchase car) Went onto the StepChange website and it suggested a DMP. I have not defaulted on any of my payments, but I know that in the next month or so I won't be able to pay. Currently I feel a bit overwhelmed…
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Business bank account whilst going through a self managed DMP
Hi guys, I have a question regarding opening a business bank account whilst on the road towards a self-managed DMP. As some of you know, I am currently £50k in unsecured debt with the intention to allow my accounts to default as my income as a sole trader has significantly dropped and I just can't hold it all together…
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OPUS chasing statute barred dept (and leaving voicemails on communal office phone)
Hi all, I’m reaching out for some advice regarding a situation I’m facing with a debt collector (Opus). They’ve been chasing me over an old debt that they’ve already acknowledged as statute-barred, meaning legally they shouldn’t be able to pursue it. However, despite this, they’ve been leaving voicemail messages on the…
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Mortimer Clarke Chasing a 8 year old CCJ
Hello you lovely people. Just wanted to say what a great help this forum has been. As someone who suffers with mental health issues triggered by anything financial this place is an absolute godsend and not sure where I'd be without it. So about 13 years ago my life took a downward spiral and I found myself in loads of…
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DMP nerves (admiral) - please help
Hello, I am going to soon take a DMP out this month (put it off for too long) it’s around £28k I owe now and I use credit most days to get by! Looking to cancel the DDs this month and wait for defaults before DMP. Looks like the DMP will be for 12 years but hopefully settle this earlier I’m concerned as I have two large…
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CCA incorrect response
Hi, I have a very old CC debt originally from MBNA and which is serviced through a debt recovery company. I have been paying this off since 2014 with a nominal monthly amount. In July 2021 I decided to send in a CCA and received what looked like a genuine, albeit very poor, copy of the original signed agreement. As the…
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Cca and physical copy v online agreement
To comply with cca do they need physical agreement (in paper signed) or is an online copy ok? Do the tick box count as signature or do they need your actual signature? Would it be enforceable if they produce an online agreement not physical apart agreement ?
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debts after death - advice needed
Hi Everyone, I am supporting my Aunt following my uncles death last week. Very sad time for us. He was in his seventies but it was more sudden than we had expected. Aunt and uncle were joint tenants in their house. Mortgage was paid many years ago. I understand that my Aunt became the sole owner of the house at the point…
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QDR Solicitors and Lantern - Payment after 'Termination Fee' used to block Statute Barred
Hi there I’ve received a letter from QDR Solicitors on behalf of Lantern (Originally Lending Stream) who say I have a debt with from 2017 – I wrote to lantern first tosay the account was statute barred and asked for them to prove it and they sent a payment schedule with a random payment from 2019 after the 'Default fee and…
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Being sucked into the black hole of debt
A familiar story: I got behind with payments, set against increased living costs and decreased working hours and pay. I'm self employed but barely make anything since covid. No benefits or savings, just selling stuff on eBay to raise money for food. I do however own my property - a one bedroom flat that may be worth about…
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Refused breathing space
I have tried to contacting lenders/creditors to preempt my situation. I am expecting unaffordbability on my debts within the next few months. I have spoke to Payplan but feel pushed for an IVA. I am looking into a self managed DMP, I need a bit of time to sort this plan and budget and sell some stuff. The rest of my…
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unknown debt request from arrow
hello we received a letter dated 11/10/2024 from a company called arrow, no idea who they are... the also had another letter inside from a company called opos.. both letters was claiming that they took over a debt on 1/06/2023 and say we owe a debt of £250 from Shop Direct (Carval).. that of we have no idea who they are…
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Historical Debts repeatedly moved between Debt Agencies
Hi All, I am after some advice please. Over 15 years ago my partner mismanaged some debts. He paid a company to deal with them on his behalf but they went bust, took his money and didn't action. He's therefore ended up with agreements to repay £1 a month for each. He says there are 6 in total for varying amounts. Since…
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Advice (O2 Loan for device I do not own)
Wondering if you can advise and/or warn others about this seemingly innocuous yet devastating loophole in Financial legislation (or if I've fallen victim to something I had missed). I went to get a new mobile phone recently (from O2). The staff in the store screwed up the application process, so I returned home and applied…