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Hello again!
Hi everyone - I was amazed that when I logged in for the first time in a few years I got my 10 year badge! Doesn't seem anything like that! I became debt free back in 2014 clearing nearly £60K of (joint) debt with a house sale. Since then we have been doing OK - no house but cars paid for etc. and keeping on top of things…
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£15,591.56 - clear it in a year
I took out my first ever credit card in March 2001. I paid the balance off in full the first month. I think that was the last time I did that. The second month, I thought I had paid the balance in full again, but turns out i didn't (these were the days before Internet banking - these were the days where you got a bank…
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Beware the pitfalls
I am not sure I can name the companies involved but this is a word of warning of how you could lose your home on an unsecured loan. My wife and I are currently retiired, we are living off savings just now and are awaiting a lump sum at the end of August. Before we move abroad to stay we decided to do various jods to the…
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Can I get DRO to take over IVA and other debts
I took out an IVA at the start of the year to cover approx £7k of debt and was managing okay paying £80. Since then I have had to move home quite suddenly and now have water and electric/gas debts from my old property. I recently had to have an interveiw under caution for overpayment of housing benefit and income support…
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Default from payday loans
I entered into a DMP in January and 2 of my credit cards have been defaulted and i am currently arguing with AQUA about my third ( I had 6 marked late payments and it mysteriously went to 3 the following month, so have complained asking for it to be defaulted. As they have incorrectly reported it.) I also have several…
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Help me stop spending!
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Help please
Hi all, Below is my SOA. I've been in debt since my daughter was born in 2014 and my ex- was made redundant. Unfortunately, she was a 'spender' and I was supporting her and her other two children. I'm currently paying token payments of £1 but realise this is not sustainable. I'm debating whether to cut down a slight bit on…
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The New DFW Dictionary
Debt - money that is owed or that one is bound to repay for goods or services. Debtor– a person who is in Debt and owes money Credit – A lending facility based on a company’s confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.…
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Should I pay? Can I still get a CCJ?
Hi just a couple of quick questions as I am sure this has been asked before but couldn't find relevant answers when I searched. I have logged into Lowell's website to arrange payment of an outstanding debt which is still showing on my credit report. There are several older accounts which are no longer on my credit report,…
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Quickest way to get out of debt
HI there, Need some advise to remove my debt as quickly as possible. I currently have £22k worth of credit card debt (across 5 credit cards) which i managed with balance transfers (often at 0% transfer fee if possible) and I plan on getting rid of these as I can pay easily £500 a month off this, so it should take me a…
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Being cheap Vs Getting value for money
Just wondering on what is the difference, and how do you know when you are making a step from one into the other
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Disputing Debt
Hi Was wondering if someone could give me some advice/provide a template letter. My partner received a letter from a law firm on behalf of a debt collection company in relation to a debt they are claiming he owes and giving 14 days to pay or threatening legal proceedings. He has never received any previous correspondence…
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Dealing with Lowell
Hello, New to the forum though I have browsed it time to time for advice, thanks in retrospect! I was hoping to get some advice of my own if possible. I would like to start squaring off my debts and there are 2 left with Lowell. One is for an Orange account I had 5 years ago. I completely forgot about it and only recently…
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Payday Loans - success reclaiming unafforable loans
Hi all, I was wondering if anybody has any experience of reclaiming payday loan money and restoring their credit file if you can prove the loan was unaffordable when they credit checked you and approved your loan despite evidence you couldn't afford it? I want to restore my credit file mainly and then use any money to pay…
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We can't pay our credit cards this month. What should I do? Please help.
Hi, We are in a bit of a financial mess. We have a lot of debt (credit card and one loan) which we have just about been managing to pay. However my husband has now become ill and is on SSP and will soon be dismissed from his job anyway. I don't work at the moment. We received his pay into the bank this morning and it is…
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Inheritance ... invest or pay off debt?
Hi all, Probably not the best to post this on a 'pay off your debt' part of the forum but it's the only relevant place I could see! I have come into a £12k inheritance and have started a Help-to-Buy ISA. I also have around £30k of credit card debt which pay just over minimum on a month. I'm stretched to pay this each month…
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Debt management plan advice
Hi I am looking for some advice with a debt management plan that I am on. I started using a debt management group called money plus group(MPG) who I pay £365 per month to deal with the companies who I owe money too and I have just received my annual statement and it says that they charge around £65 per month for their…
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DMP advice Gambling addiction
Hi there my first post here, am looking for some advice to try help me out the situation i have managed to get myself into these past months. I am 24 years old and have been suffering with a gambling addiction the past 6 months. I am currently doing everything i can to get support and counselling with this. I could write…
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What small DFW things will you do this week W/C 24th July
When we start out 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…
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CC interest ?
Hi guys .. I'm just after a bit of advice please .. So half way through the month I managed to just about clear another cc .. I had £250 on it but I had a dd payment that was due out for £300 so I thought I would just leave this then the extra would go towards interest owed. So roll on today I have had my latest statement…