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If I default CC will they contact my employer?
This is my first post for a long time (I used to belong to this forum about 10 years ago but forgot my details!) I am a few years away from retirement but I'm struggling to pay off a particular debt. My health isn't the best right now and I also need to help my siblings out with my elderly parents. So retirement can't come…
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Cabot calling my workplace!
Hello First post, but been lurking around this brilliant forum for a while looking into solutions for some debt problems. I have recently started the popular approach of stopping payments and waiting for defaults, and seeing where it goes from there. Two of my creditors, Marbles and Aqua, have been sold to Cabot after…
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N*XT cca request reply
Hi all, I've sent off CCA requests to our creditors with £1 postal orders. I've had my 1st reply from NE*T today which says that they no longer accept postal orders, sorry to disappoint and that payments can be made by DD, online etc. Not sure how to proceed..does this mean they will still look for the CCA or do i need to…
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20 yr Old debts
Been in dmp since 2006 all debts had defaulted by 2007 clear of my credit reports now but still owe 14000 due to end in 4 yrs wish to know what discount I may get to pay all off them most individual debts of the total i range from anything from 100 pounds owing to largest of 1200ish split between 8 debt company’s many been…
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How many Dmp's is too many.
Hiya all, I currently have 5 Dmp's from approx 7 or more years ago. I am about to start defaulting on 7 more as I am once more out of my depth. Is having 12 going to be a red rag to a bull to the debt buying companies. All 5 are with usual suspects. PRA, Moorcroft, etc. Also one of the new ones is with Monzo flex and the…
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Moorcroft help required please.
Hi I have been servicing a debt of £7k with Moorcroft. They recently requested a new I&E, and i have had to reduce the payments by about £3, due to increases in rent and Council tax. Their reply has been " Our client has said your repayment falls outside their guidelines " Which to me sounds like they don't accept it. I…
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Will be paying debt until 88 !!
Hello Please dont judge me 😢 Today my husband paid his last payment to stepchange after paying off 40k and he is officially debt free 👏 Now the problem is I still owe 33k and as only earn approx £600 per month I am paying at £110 per month on a self run DMP. As I am self employed we did not do a joint DMP and I was…
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Need help deciding what is the best course of action
Hi all I am struggling to work out tbe best course of action. So my husband and I have a few credit cards. I have barclaycard with balance of 1675 this will be reducing to 1225 on Wednesday. This cards 0 percent offer ends on June 1st and it was money transfer offer. My husbands card has balance of £200 which will need…
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Dealing with financial anxiety
Can anyone point to any resources or anything for helping mentally to cope with financial anxiety. I’m probably a bit on the spectrum and very focussed on numbers/finance/debt and can be a bit obsessive about it. It’s not necessarily about greed or an accumulation of wealth for the sake of feeling rich - but I do get…
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Nursing home bill
I dont think this is the right place but wondered if someone could move it to the right place. My friends uncle died in a nursing home last month and his daughter has received a bill for over £30,000. He must have been in about 6 months. The daughter is not really up to dealing with this so my friend is going to have to…
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Received a County Court claim for Statute Barred debt, how do I defend? (Lowell)
Hi, This debt defaulted approximately 15 years ago and I've had letters from various debt collection agencies and solicitors but I've never dealt with it due to mental health issues. I've now received a claim form from the Civil National Business Centre (Northampton) I've started the process of defending it online via…
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County court claim for for statute barred debt
A few days ago my husband received a county court claim form for a debt from 2012 which defaulted in 2016, he suffers from poor mental health and this letter has sent him into a frenzy. Is there any way we can defend this? Thank you in advance
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Likely heading towards a need to default - Impact on spouse
Hi, So over the last 2 years I’ve been working towards clearing my debt. Took it down from about 60k in 2022 to just under 20k last summer. However last year due to some good news on the job front I went on a splurge which not only slowed my debt repayments down for a few months but also added a few more grand to it. I…
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It’s all just hit me :(, but I’m determined to come out the other side
Hello all you wonderful people. I’ve read so many post and seen how helpful and supportive people have been to each other. I thought this would be easy to write but it’s not but here goes…… Just over 40, one child. Life has thrown a lot my way in the last 5 years and somehow I’ve ended up with around £27k of credit card…
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Advice needed on DMP please...
I started a DMP plan with StepChange at the start of this year to tackle growing debts and finally put a plan in place to move forward after many many years of battling debt - I have made 4 payments towards my total debt of £45k (£605 per month). I hadn't defaulted or missed any payments at the time of setting the plan up…
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LINK Financial - Emails
I have a debt over 15k with Link, previously from a Halifax loan. The account is managed by Wescott. The debt is enforceable, I requested documents a few year ago. I have been making token payments now for a few years of £5 a month and have not heard anything for a while, however, I have recently started receiving emails…
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Increasing overall debt to reduce monthly debt
Hi all I'm new here so please bear with me. Due to a variety of reasons I've gotten into a fair bit of debt. I've had a bank loan which I jumped into in a panicked state when I saw a credit card bill that had accumulated through the pandemic. I ended up having to pay out £412.00 per month. I've been doing so for the past 2…
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DEBT MANAGEMENT PLAN AND PROPERTY INHERITANCE (in EU)
Hi Ive been on DMP with Payplan for 3 years,paying less £70 monthly.I owe around 46K. I am self employed.I got a lot of room to generate surplus which is not on my Income Expenditure statement. Creditors- INTRUM-£14000(ZOPA defaulted me)-offering me £4000 deal for F&F-good deal! LINK-£17600(Sainsburys defaulted me)…
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Advice for Link Financial/Wescot Needed
Hi All, I have a debt from close to 15 years ago via a Barclaycard. Total is around £15,000. I defaulted on it a long time ago and it eventually moved to Link Financial. Wescot are managing it on their behalf. Around 7 years ago, I agreed with Wescot to make a monthly nominal payment (£1). I’ve been doing this ever since.…
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Personal Loan to attack credit card debt
Hello I am looking for advice that people have gone with a personal loan to pay credit card debt.I have taken a personal loan that I will use to consolidate 6 credit cards. I have 4 credit cards on high balances, 3 of them are high interest rate.The loan can clear nearly 3 the credit cards completely. However, I am looking…
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