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What small DFW things will you be doing this week? WC 17/07
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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Advice on dealing with a debt set up in another persons name
Hi, Been a while since my last post, but hopefully someone may be able to guide on best steps. My girlfriend received a letter from a debt collection company this morning asking for a £1,242 amount apparently due to nPower +£200 admin fee, with a request to pay the full £1,442 within 7 days. This covered missed payments…
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DMP company mistake leads to CCJ
So I entered a DMP with Gregory Pennington in 2011, with 3 debts: A £4500 credit card, a £150 overdraft and a ~£10,000 personal loan. In 2013, after moving house (and informing GregPen & all my other accounts etc), one of these debts was mistakenly removed from my plan by GregPen on erroneous advice from HSBC saying that I…
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Baillifs on there way
I've got a ccj and cannot afford the repayments. I'm not too bothered about the baillifs however what I need to know is I've got a lot of mobile computer equipment I use for work and study I keep it all in an average size shoulder bag. Will the baillifs be able to take it if it's on my shoulder and the equipment is inside…
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Great 'ways To Cut Back' Hunt
MoneySaving's about cutting your bills without cutting back, but sometimes it's necessary to tighten the purse strings. This can be anything and everything. So let's use MoneySavers collective knowledge to form the greatest ever checklist of ways to cut back. If this is good, I may publish the results as an article :) What…
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Settling account - Santander wants a lot of info about finances
Apologies if this isn't posted in the correct place. I'm currently in the process of negotiating settlements and clearing several defaulted credit accounts. I have already settled two (at 26% and 35%; total original debt ~£3k), and have four left to clear. (total ~£16k). One of the remaining accounts is a defaulted…
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Question about Disappearing Debt from Credit File
Hi everyone I recently closed my DMP and argued with Barclaycard as they had charged me £1300.00 in charges over the course of the DMP. They sorted it out quite quickly and sent me a cheque for £1000.00. However they had sold the debt on to a company called Asset Link. When I checked my credit file in May and June the…
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CCJ Advice
I need some help. I've been working hard to sort out my credit rating which I've managed to do with long hours and hard work. I regularly check both my expairan and noodle report to keep track. So I received a letter yesterday regarding a pay day loan company advising they have contacted me a number of times but they have…
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Where do I start?
Hi guys, Posted my first thread yesterday and got some pretty useful advice. Thanks to all. In summary, My credit history is a mess from over 14 years ago when I ended up really ill. Now I'm looking to clean the mess up. A lot of my debt seems to have disappeared, I thought I was In 20k or so worth of debt but it's been so…
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Debt Relief Order - advice needed 're bank
Hi, My husband is currently in the process of setting up a dro via Stepchange. All paperwork has been sent off and he's paid the £90 fee. The final thing they've asked him to check, is if he's allowed to carry on banking with his current bank once he has the dro. My husband contacted Barclays and they said that it may…
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Step Change experience
After a long time of struggling my hubby decided this week he has no options but to enter a DMP and just wanted to share our experience. Monday We contacted StepChange and did their Debt Remedy tool online. Tuesday it was a case of getting all the info together they needed , the account numbers , pay slips etc we needed.…
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Pension v Debt
HI I believe I am doing the right thing here by not acting on my thinking but thought I would ask the question just to seek opinion/thoughts. My focus at the moment and for the next couple of years is to repay all my unsecured debts off. I am constantly looking for angles in which I can increase my ability to do this in…
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Switched Gas & Electricty Provider- Settled Status
Hi Guys, I moved to uk in Feb 2017 from Dublin, signed up initially as PAYG with British Gas for Gas & electricity, then changed provider, all seemed ok, Initially I was not aware of how credit score works, but soon I figured out no company want to give me any credit such mobile phone contract, credit cards etc to EU…
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CCA request ignored
Hi all, I have sent CABOT a CCA request (with the 1£ PO and Signed for), the letter was received (got a copy of the signature) however CABOT have not sent anything back. It has now gone to over 30 days (I am aware of the 12 +2). I was wondering (and I do apologize in advance but could not locate it) if anyone could point…
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Advice needed - I'm a rubbish grown up
I have just under £4k in CC debt that I have been badly managing for about a year (illness & a job change). I don't think I would be able to get a 0% as I think my credit rating is pretty poor (too scared to check though) I do have £12k in savings (inheritance) and I think it would be a sensible idea to use that money to…
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Getting rid of a debt problem in early 20s
Hi Guys I have just taken on a new job almost three months ago, and am about to pass my probation period. This results in an extra £800 a month. My expenses are pretty much the same, so I can concentrate this extra cash into my debts... I have listed my debts for you to have a peak at. My expenses are pretty much the rest…
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I'm a bit confused about DROs
Hi everyone, This is my first post here. I'm currently in debt just over £20,000 and I'm trying to figure out the best way to handle it. I have been in touch with step change and worked out my budget and they recommended a DMP. However, I'm considering working out my own plan, as I like the snowball method of paying off…
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Freedom of Information Act 2000
Can i use this to find out how much debt collection agencies brought my debt for prior to negotiating full and final settlement offers. thank you
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Paying off CCJ's Effect
Hi Guys, First post and first step to getting my financial affairs in order. I currently have 4 x CCJ's Totalling £1798 of which I am about to pay of and get marked as Satisfied, the question i have is what effect will this have on my credit file, and will their be a noticable improvement on it, if so how long before I…
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Unenforceable Debt
Hi I have 7 creditors where I currently owe 38k and have been paying since 2009 a DMP via Stepchange and at the current ratio I will paying for another 20 years. I can raise 12k to pay off and will begin negotiation shortly. I keep reading on the forum about unenforceable debt, can someone explain this to me, most of the…