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Improved situation but still unstable income — best next steps? Self-managed DMP?
Hi everyone, I posted about six months ago after being been made redundant and my debt was mounting up quickly. At that point I was in a really difficult position, pretty much having to choose between paying debts or keeping a roof over my head, so I stopped paying most of my creditors. I did continue paying a few of the…
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ACI UK - Sent Prove It Letter - Still getting calls.
Morning All, Recently I received a letter from ACI-UK Stating that I owe £568 to HSBC. I have no recall of this debt owed and nothing is showing on my Credit Report. This could quite possible be from my youth some 20+ years ago now! I therefore sent a "Prove It" Letter via Royal Mail signed for 1st Class, of which was…
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Consolidating debts
Looking for advice before signing up for a personal loan to consolidate debts. Currently have 20k in debts on various 0% credit cards. Paying the minimum payment every month £350. All of the cards lose the 0% promotion period at some point this year so will have to switch them all which will of course come with a fee of…
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Self managed DMP
hi, I have 6 defaulted accounts that I make small monthly repayments on, and the interest has been frozen on all of them. I have been paying regularly for 4 years now. What happens after 6 years, are these debts wiped? Presumably if yes, it will take longer for my credit score to recover than if I had settled them? I am…
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Working towards reducing credit card debt advice
I will prefix this with I am unsure if I should be posting here or CC forum - please could it be moved if deemed to be in the wrong place? :) We have a bit of a stress-on as we are in a bit of a hole debt wise, not helped by my wife currently being on statutory maternity pay, us having welcomed a baby last summer (I also…
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Advise please letter from moorcroft
I’m in the process of starting a self managed debt plan just looking for some clarification on when to start making payments, I have stopped payments and waiting for defaults one debts had been passed to moorcroft and they have sent this letter as it states in the letter that a default has not yet been registered do I…
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Marston Recovery and Vulnerable person
my friend is a stroke survivor, from a stroke July 25. He still has full care support from the rehab team and 4 care visits a day. Prior to this stroke he was in a coma for 7 weeks from pneumonia, and also had a previous stroke where he was sent to a care home for rehabilitation. He has had an aggressive visit from Marston…
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Lost (Scotland)
I'm just lost just now. To give some background, I had a disagreement with my ex wife regarding child maintenance payments as I had both my daughters staying with me 4 and sometimes 5 overnights per week but paying £400/month. Long story short, she lied to CMS saying I only had them 2 nights per week, I refused to pay it…
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TPP StepChange
Hi All Over time, since my divorce, I have slowly been building more and more debt, mostly CC’s, short term loans, home shopping. I initially applied for a DMP with SC, but after some changes to my I&E, they say I don’t have enough funds to deal with the 23 (god 🙄) creditors. I only have £110pm available. So they have come…
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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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credit card (aqua) selling to Link Finance
hi, I'm looking for advice. i have a credit card with Aqua, I've recently been sent an email that they are now selling my account to Link Financial Outsourcing. i know i have to wait for them to contact me within 60 days, however i have financial anxiety and questions. firstly, what does this mean? what can i expect from…
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Wife death - Please help with where to begin...
My spouse has passed away suddenly.. The house we live (+-£175k if matching the last sale on our street of a similar one) in is in her sole name with a mortgage of ca.£28k. She has a life insurance which hopefully will be paid off that will only cover the cost of the mortgage and funeral. Also she has a few debts,…
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Council Tax + Bailiffs. How to deal with this?
Apologies If this ends up being long but there is considerable context and history here. Background 2017 - I fell ill (cancer) and we had a new baby on the way. Pretty much ended in financial disaster. For several years we just tried to get by but ended up in this weird debt cycling with the council. The process is this.…
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New debt added to credit file from AGG - no idea who they are!
Hi, can anyone advise on what to do please. I am trying to clear off last few debts and rebuild my credit file and I have just noticed my transunion score dropped hugely so I was just looking at the report and it seems a new debt was added. It says September last year but I don't recall seeing it before and have only just…
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Consumer Choice
Hi Like most of us here im in a chunk of debt but starting to do something about.- Circa 35k Im self employed but the business is a partnership and i cannot risk this being affected in anyway I have spoken with Consumers choice about a DMP and who I have seen advertised all over the place and wondered if anyone has had any…
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Do I Need to Complete the Lenders Income & Expenditure Forms?
So, I've got several credit cards that have now defaulted. A few of the debts have been sold to debt buyers (Lowels and Link). Others seem to have remained with the lenders themselves (Jaja and HSBC). I logged into Lowels portal and was able to set up a payment plan easily for £20 a montth. But when I logged into Jaja's…
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Affordability complaints & DMP
Hi all, I am around £50,000 in credit card & store card debt. Have been fairly heavily in debt since I was about 25, am now 38 and a bit fed up with it so I've made the decision to default the lot and clear it in a DMP. I have a good salary take between £3600 and £5500 a month depending on overtime etc and would like to…
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Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
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Dealing with Marston
Hi All, Complete newbie here so bear with me! I had council tax arrears which were sent to Marston. I set up a payment plan and was paying £168 per month. All payments were made on time, in full. In December I had to take 2 weeks off work unpaid due to my daughter being ill. This meant that my income was much lower for…
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Which to pay off first
I have 3 credit cards with different lenders and swapped the balances round so they are now all on 0% for 9,12 and 18 months. The 9 month 0% has £1400 on with a credit limit of £4000 The 12 month 0% has £2100 on with a credit limit of £5200 The 18 month 0% has £3000 on with a credit limit of £3500 I’ve had a promotion in…
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