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taking the plunge SOA help
Bit of background as complicated Hubby employed and I am self semplyed but nature of my work ( i own a franchise ) means my income varies a lot. . Hubby hopeing to do DMP I cannot enter into any kind of debt management formal or informal as would invalidate my contract with company i work with . Going to do SOA today, for…
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Been paying via DMP. Now gone to debt collectors
Hi. I had an unpaid phone bill of roughly £300 with Vodafone. I went through a rough patch and had a few debts so set up a DMP with stepchange. Everything went well with all creditors and i got back on my feet and doubled payments. All payments were made on time and i was 3/4 way through paying my debt off. I have never…
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Piggy banking - 4 week pay?
Hi, I have posted this under the banking section but no reply as of yet! I've done the MSE budget and I'm balanced so I'm now trying to sort out piggy banking but I'm confused. All of our money we get is either weekly (same day each week), or 4 weekly (varies). How can I set up standing orders to ensure we can pay our…
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What small DFW things will you be doing this week? WC 03/07
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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Using a solicitor for CCJ
Morning all, I was wondering what people's experiences or working knowledge are of the benefits of a solicitor in a CCJ case. Having spoken to a couple they appear to be offering extremely high success rates and the ability to basically pester and go after the creditor on various points of law during the process before the…
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Just some advice please on Letter i have recieved
Hi all, Currently i am looking to default my accounts and go self managed when passed over to 3rd party companies I think i am getting there however i have recieved the following letters saying Argos Further action will include passing your debt over to a recovery specialist or legal action to obtain a CCJ Studio (They…
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Statute barred ??
Hi, Can someone please help! I have just received a letter from 'Moriarty Law' saying that they are acting on behalf of 'Talk Talk' to recover a debt. We terminated a contract with Talk Talk just over seven and a half years ago and it was all paid. This is the first communication we have had from anyone in seven and a half…
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What happens when you default?
Hi all I have defaulted on a credit card agreement with Barclaycard. I have been in contact them throughout my financial difficulties and they have been understanding and helpful. My credit card was 3 months in arrears where I was paying £1 a month and finally defaulted in February this year. I spoke with them on the phone…
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Debts whilst in prison
Hi. My db has just gone to prison for 18 months. The family have been dealing with all his finances, including debts owed to three companies. Two companies are sorting out a reasonable payment scheme, the third - a catalogue company are being horrendous. Rude, hostile, threatening, now we've been told to get a solicitor as…
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Small amount on 9k DMP
Been in a dmp for years No payments made 1 year Bipolar disorder type 1 New job + reduced child maintenance = even lower income Trying to get back on track Disposable income 75 Is that enough or will they come after my house? Thanks
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Is insolvency the only way?
I owe approximately £20,000 with all original creditors selling it on to debt recovery agencies, not including the few thousand that I owe family. Having been through hell over the past 3 months - homelessness, emotional abuse etc - I've completely lost track of everything financially. I have now been granted a tenancy…
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Just want to say a huge thanks ..
Hi guys ... Last month I was on asking about borrowing more on my mortgage to pay off my cc's, I ended up not going down this route and with your help and support I've managed to pay off 2 credit cards and only a few hundred on another :j I do still have 2 cards left (one of which has the highest balance) but I honestly…
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At rock bottom with my mortgage
Hi all, I'll keep it brief for now & try to keep the details in a nutshell until more is required. Back in May 2011 I started to get behind with my mortgage payments & was passed from Santander over the Eversheds (Solicitors) to handle my debt. After various job changes, court hearings, suspended orders etc over the…
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Help and advice with big debt
Hi all, Thank you in advance for reading my post. I am struggling with debt which came about due to me being a carer and using my savings and credit cards to pay rent etc while not working after my dad passed away (I care for my youngest son who is in his 30s).My dad used to help me out now and then. After my dad died, I…
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Disputing a debt
Hi - this perhaps isn't a typical post on this forum but I'm hoping the same legal principles apply so there may be some relevant expertise here to pass comment on my situation. We hired an architect some months ago and following terrible service (poor communication, very late deliverables etc) I emailed him to terminate…
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Old Student Debt Dilemma - About to expire/ Statute barred??
Hello, I have debts from student loans dating back to before 1998. To clarify, I started my degree in 1994 and my understanding is that my loans come under the 'old style student debts.' I have been deferring these debts every year. I have read somewhere else that after about 25 years or if I am over 50, this debt expires.…
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Credit Card - Loan
Hi, I have a Barclaycard with £9800 on, currently, I am paying £142 a month in interest ( 17.18% ) this is a lot and I am trying to clear it but it's very frustrating how long it will take me as I only have about a spare £300 a month. I cannot get another interest free card the only ones I can get have like £1000 limit…
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Offer accepted
I sent F&F's off on 19 June. I've had two rejections that I've counter offered on but today I got an acceptance First direct/HSBC accepted a 40% off - original debt £391 and they have accepted £156 and payment to be received within 28 days. All in writing with my report to be partially satisfied and no one else to pursue…
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Debts paid monthly
Hello All, I currently have 5 debts. They are all being paid to a recovery team at £1 pound each month. This has been going on for 7 years. I can't afford to pay any more. They are ranging from £500 min up to £4000. I s their any way i can totally get rid of the smaller ones, as i dont see any of them being paid of in…
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Equita Letter - Unpaid business rates. Please help!
Hi! So I am very new to this website but hoping for some advice. I recently had a letter through from Equita for an outstanding bill on my business rates (which were sky high, I now pay none due to the new legislation). We came to an agreement with the council that I would pay a set amount each week. I soon fell behind. I…