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Need to tell Bank about mental health problems and am v scared
Hi, OK. I'm thanking my lucky stars that this forum is anonymous. Basically, when I moved from my last town to this one, I was getting so many phone calls from the bank that I just could not handle speaking to them and hearing their questions about when I would be able to get my business loan payments up to date. I had no…
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Hard bit done now what
Hello so finally got old debts under control Personal loan of 4k, credit cards amonting to 6K) Started repayment plans on all of them and have set up standing orders with them which makes my finances much more doable and living comfortably (still tight) but no longer spending more than whats coming in 27 now and one of the…
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5+ year old npower debt - but it's incorrect
Hi, long time lurker, first time poster here. In March, I received a letter from 'Past Due Credit Solutions' (PDCS) asking for £489.40 (original balance £349.57) for an npower electric bill. It didn't list the dates or anything. I called them and the advisor put in a request through npower for documentation. In April, I…
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why have halifax sold on my debt?
I received 2 letters from the Halifax this morning informing me that my debt has been sold on to a group called pra ... but I don't know why as I was sticking to the repayment agreement? bit of background - I was a specialist nurse but left my job due to intolerable long hours, increasing stress and increasing workload,…
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Bad Credit & Mortgage Equity
So, after many years of careless spending, my wife and I entered into a joint DMP in 2011. Accepting the risk of having our credit rating destroyed, we sought to get our outgoings under control and start reducing what we owed. The plan worked well for about 5 years (£24k of our £47k paid off over 5 years). The plan came to…
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Non UK resident with UK debts
After moving to france i still have UK credit cards which I have to transfer money to pay every month. As the 0% transfers are now coming to term i would like to try and consolidate the debt into one monthly payment. I am unable to get a loan in france for this purpose and as i am no longer a UK resident my options are…
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Nationwide overdraft fees £500
I had a Nationwide account since I was 8 I am now 26 . My parents opened it for me. I stopped using it 2 years ago. I used it regularly before but changed banks. I didn't have any overdraft on my account. A transaction of 18gbp came out last year in June. Its says that the first 20pound is interest free but they charged me…
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Getting to end of month without taking out a payday loan
I have been in a spiral of high interest payday debt for years now. I have managed to pay them off without defaulting (with a small loan from a friend who is my angel for some of them, very frugal living and selling everything I have of value on eBay except my laptop which I need for work) and I have paid off my last.…
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Where is all my money going?
I need to wake up from my slumber and find out where our money in disappearing to. Hubby and I have pretty decent jobs. I take home £1140 per month and Hubby roughly £1500, we do not have a mortgage and rent and council tax is taken directly from hubby's salary. we have a loan of £10k with a repayment of £279 and a credit…
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Need to consolidate Credit Card debts - is a Loan the best way.
I seem to have amounted a total of £12k on my two credit cards and despite trying to make the most of balance transfer 0% rates I now seem to be paying £60 interest on one credit card with the other 0% credit card ending in a couple of months. I always make the minimum payments but with the interest it doesn't seem to be…
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New SOA - can you take a look please
I've just had a new kitchen and have taken on more debt, luckily it's on 0% and should be paid off in 2 years. I'd like to pay it off sooner if I can but want to enjoy life and not be totally scrimping. Household Information Number of adults in household........... 2 Number of children in household......... 1 Number of…
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CCA Requests for accounts after 2007
I have sent CCA requests to all accounts prior to 2007. I have the following accounts all approx. 2014/2015 is it worth sending requests for those too? anyone had any success with later accounts like this: Tesco Credit card (2015) Rate setter (2015) Barclay card (Now with Link Financial (2014) Many Thanks
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Advice for newbie on being bipolar and having lightbulb moments!! <3
Hello to all you hardworking peeps, I found this forum after being directed to the Money Saving Expert document on mental health and debt problems, it wouldn't let me post the link but just google 'money saving expert mental health' if it's relevant to you, dear reader! I found out this year at the age of 28 that I am…
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Please Help!!!
Looking for any help people can give me here ... i'm spending so much time trying to read & understand what to do next but so much of it doesn't make sense! :(
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Interest Charges while on DMP
My question relates to the type of interest that creditors are allowed to charge to an account on a DMP. While most creditors have stopped charging interest, 2 have not – but they both charge it very differently. One charges only on the capital, and sends a statement every 6 months showing that the capital has reduced by…
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New Arrivals
Hi all My partner and i are here to gain insights and motivation to help us become debt free! We have a small person in the house, and another on the way, and have some big ideas of what we want to be doing in the not to distant future. BUT, we have focus and motivation issues. We seem, from calculations in this SOA and…
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Enforceable or not enforceable?
So I have posted here recently and explained that I am close to clearing off £58k of debt. I have asked about how to tell if a CCA shows if the debt is enforceable or not. I have posted again, because when I search through various threads, there have been a number of people asking the same question, but there does not seem…
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Mortgage after debt
We got ourselves into a lot of debt through reckless spending, the debt was about 30k but over the last 3 years of living within our means and changing our spending habits we have just managed to pay it off, we have never missed payments and always paid our mortgage for the last 12 years. My question is are we likely to…
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Legal Costs
Hi, Does anyone have a rough guide as to what a court would deem reasonable in terms of legal costs vs a debt. Arrears are £375 Legal costs are £3186 That's what 700%...... Thanks
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paypal help for business debt
Hi folks, Paypal business account, has my name as the 'contact' name but the business name on all the account details. I was doing admin for this business for my partner hence me being the contact name(yes lesson learnt although I thought contact name just meant someone they could ring to speak to!). Unfortunately the…