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Default and DMP Plan thoughts
How do, been lingering on the forum for a while and just thought I'd ask if my plan makes sense (based on a mix of forums and elsewhere). After being in continuous debt over nearly two decades, I'm not getting any younger (43) and I want my debt gone by I'm 50 to concentrate on saving for retirement (beyond work pension).…
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Debt and Job loss
Hi, Please no judgment, I am exhausted with worry and really dont need to be told how wrong I have been. Long story short- I have a senior job which pays well. Things have gone wrong in work and I think there is a real chance that I may well lose my job. Not a misconduct issue but more a performance issue in the business…
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So confused with conflicting advice …
Hello, Apologies, this may turn into a long post but I’m receiving so much conflicting advice that I don’t know which way to proceed!! I am currently in around £8,500 of unsecured debt. Half of which is on a dmp with Payplan which I have been paying at £190 a month for a few years now. Originally the dmp was with…
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ACI Updraft
Evening all, My Updraft loan still hasn’t defaulted despite missing 5 payments. I have received an Email from them saying… As you are behind with payments and we have been unable to resolve this, we will be asking a debt collection agency, ACI, to contact you and help you bring your account up to date. If you are having…
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PRA Group threatening me with Solicitors
I have two defaulted Barclaycards which have been with PRA Group since early this year. Earlier this year I was advised by @sourcrates and others on a course of action. I sent a letter stating that unless they could provide proof of a CCA I would not enter into any further correspondence. I stated that I was aware that…
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Don’t know how to get out of this mess.
Hi, I currently owe the following: Virgin credit card £9700 (£12600 credit limit) HSBC credit card £5411 (£7500 credit limit) Tesco credit card £4600 (£5000 credit limit) Barclays £0 (£8000 credit limit, but no option for a balance transfer) The majority of Virgin and Tesco balances are either not interest free or about to…
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snowball calculator
Can anyone recommend a snowball calculator that i can save my calculations? Have used "whatsthecost.com" but been unable to save then due. to receiving errors every time
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Help
Hi everyone, I’m hoping for some advice because this situation is becoming really overwhelming and I’m not sure what else I can do. Background: I have a debt that Drydens are dealing with on behalf of Natwest. There is no CCJ in place, and I haven’t agreed to any repayment plan yet because we’ve been going back and forth…
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ACI Debt collection agency
Hi, just looking for some advice. Anyone hd any dealings with ACI debt management company. I'm dealing with a self managed Dmp and had dealings with a few companies but this company are so difficult to deal with, I set up a standing order over the phone as they were too frustrating by email. Agreed to set up 1st of the…
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Back again - 15 years later
I posted here frequently many many years ago before I got married in my 20s with my first brush with debt, since then I’ve got married, had children, got divorced and even got on the properly ladder (all by myself I might add) I’ve had ups and downs financially but mostly kept myself afloat. I am now in my 40s and I’m…
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Random default question
So I have a loan with Admiral. We (me and hubs) are in a DMP and have been since 2022 with Stepchange. We have a lot of creditors and more debt than I care to think about but it is the Admiral loan that has caused me the headache. Im not surprised by this and at this point it is what it is but…. They never defaulted the…
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Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
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Bad credit car finance
Hi, Does anyone know of any bad credit car finance they can recommend please?
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Parent Offering to clear debt.
Hello all, As some may be aware my long term relationship is ending and I have a lot of debt. My Mum initially was going to get a regulated BTL to buy my ex out of the house so I could stay in and pay her rent. Her financial advisor put her off the idea using figures of 6.5% mortgage and that I'd pay £915 rent (which is…
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When to make affordability complaints in the DMP process
I have just stopped paying this month. Do I need to wait for the accounts to default or should I get on with it before that? Thx
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DMP - Plan
Ive been in contact with stepchange who have advised DMP. None of my debts have defaulted - I have just missed my first payment I panicked with Stepchange and asked for breathing space (expires on 4th August). Stepchange are asking for further details such as wage slip with address etc...so has not been setup on DMP with…
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Should I close my credit card account?
Hi there. In a nutshell due to spending on essentials and other unexpected house/car bills popping up I have about £15,000 spread across four credit cards. I notice when I get my monthly credit score that i'm marked down for using more than 50% of the available credit on a card (and sometimes more than 75%). I'm managing…
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Token payments to DPC's pro's and con's
Hi all. A few of you may be aware of my situation as follows: Cabot - Fluid 2681.2 Cabot - Marbles 5737.45 Cabot - Halifax 6050.42 Lowell - Lloyds Bank 16012.2 Lowell - Capital One 7804.2 Lowell - Virgin Money 7448.09 Lowell - Lloyds Group 4723.96 Lowell - Lloyds Group 533.58 Lowell - Lloyds Group 530.62 Link - BoS 3635.38…
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Cannot produce CCA
Finally after year's of debt, i am now down to the last creditor. (A certain well know debt collection agency, has been acting on behalf of the bank in question.) The debt is over £6k. I requested a CCA, which they have now answered today, stating that the bank cannot provide a copy of the agreement. Then go onto say they…
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No choice but to consider DMP - help appreciated!
Hi, I have been reading advice on this forum for a while and I've realised that despite trying for years to repay my credit card debts I have actually just been treading water at best and now more recently getting further into debt month by month. It has been a combination of everything being more expensive post pandemic…
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