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Which Debt to Pay Off First?
Hi, I'm deliberating over which of my debts to clear off first and would like some kind advice on what may be the best option. I have four debts; Credit Card 1 - £2050 at 0% until 09/03/2019 - Currently paying £25/month Credit Card 2 - £4240 at 0% until 08/06/2019 - Currently paying £110/month Government Loan - £3100 at 0%…
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Debt Free after 3 years - but with an odd twist at the end - im stuck!
So to cut a long story short i got a pay rise at work in 2014 and used that pay rise to pay off all my £13k debt, the last payment was the end of May to my debt management company ( Harrington Brookes ) I first took out a loan in 2001 with Egg, then consolidated with Cahoot and that got transferred to Santander many moons…
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Looking for advice. Unfair ccj's. Civil enforcement
Hi, I currently have 3 ccj's on my credit file due to 3 parking charges from my old place of work. The claimant is Civil Enforcement The letters leading up to and the subsequent ccj's were all sent to my old address which I haven't lived at for nearly a year. My ex partner returned all correspondence to sender and didn't…
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How do I come out the other side of this?
Hello, I'm 28 years old and under what feels like mountains of debt, what annoys me is I could probably be on top of it if it wasn't for all of the interest! Background of it all is, I was in a relationship where I had 2 kids, my ex didn't work and to get to the end of the month, deposits and estate agent fee's etc I had…
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Need help please on how to deal with debts
Hi everyone Very long story cut short... Moved abroad nearly 4 years ago, was paying minimum off UK debts, then it all went pear shaped. Relationship breakdown, also lost a deposit on a property due to this. Due to low wage and renting on my own, there was no way I could service my UK debts and survive on one wage. All my…
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Less than a month to clear substantial overdraft - How?
Hello everyone, I've unfortunately found myself in quite an uncomfortable situation recently. I came home to a letter from Co-op Bank stating I had a month to clear the overdraft, at which point it would become an informal overdraft and incur relative charges. The overdraft currently sits at -£1,626.5. I'm a student, and…
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Stepchange/Halifax Problem
I have been on a debt management plan with Stepchange since 2009, I was due to be debt free this month (June 17) however, Halifax have decided to add nearly £4,000 in on interest. I have nearly paid off £35,000 worth of debt off already and this is a massive blow as we were looking forward to being debt free after so many…
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Negitve Equity Auto vs CC Debt
Hey all, I've made some terrible financial choices throughout my 20's and have only recently changed my ways from the "head in the sand" accounting method. I've analyzed and corrected my behaviours to avoid the same issues going forward, but I have one last problem to solve. Here is my current situation: I recently bought…
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I'm Back - and better! Final Push to Go...
It's the start of a new year, so as per every year I take a look at my finances! When I first joined this forum, I was in £8000 of debt with no savings and no others assets. Not any more. My current situation is.... Debts Credit Card: £5,500 Assets Savings: £3,500 Stocks and Shares Portfolio: £4,600 I've been there and…
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First Utility / LCS / Moriarty Law
Good Evening, Please can somebody provide me with advise on how to tackle a situation I am currently going through. On 17 January 2017, I received a letter from Moriarty Law ('ML') highlighting that they have been instructed by First Utility Limited (‘FUL’) in relation to the recovery of a debt that totals to £305.00. In…
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DMP Creditors percentage calc
Hi all Is there a DMP creditors calc so I can simply enter the amount left for my creditors, my creditors debts and it shows me how I should split it without having to enter all the other details about my finances too? Failing that. whats the formula I should be using? Debts was paying£5604.71 £34.80£6004.29 £40.00£4456.83…
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SOA - Please Offer Advice
2 adults in household. Currently both in separate DMP's with a company who is charging a fee. Trying to re-calculate monthly income & expenditure for one adult whose debts are £10,000 as DMP company are asking for up to date figures. Figures provided may seem extreme / high due to current personal issues and additional…
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Reply to a CCA request
I am currently on a DMP with Wescot, I have however requested a CCA however the reply received is that I should write to CCA Request s Card customer Services ..... shouldnt the Wescot who own the debt have to provide the actual CCA? Could someone advise if that is the case?
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Past due credit solutions
Hi, In February 2016 I was issued with a fine from HMCT for driving without road tax. When I moved home I accidentally forgot to renew my road tax online. However when I discovered the fine from HMCT I promptly settled the fine with them. Last month I was sent a letter through the post from a company called Past Due Credit…
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Suffered strokes last Christmas 2016 Need Advice about Car Finance
I am writing this for a friend who has suffered 3 strokes since last Christmas & nearly died twice. She has a car on finance & explained to finance company due to strokes unable to work etc. They aren't being very helpful. As you can understand she is ill with the worry being unable to pay repayments. In fact she hasn't no…
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PPI on statute barred debts?
Can one try and claim PPI on debts that have been set aside as statue barred, or is that just super cheeky and will have repercussions? ;) HBS x
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Loan or Credit Card
I was wondering which option is the best - a loan of £15000 over 5 years at 3.8% or keep moving balances from 0 % cards and paying the transfer fees each time - repayments would be around £275 on a loan and I am trying to pay £300 a month on the card. This is only half of the card debt! I am aiming to have all debt except…
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Moving to self-managed DMP - advise?
Morning all, I am currently in the process of sending CCA requests to all my creditors with a view to (hopefully) getting some good F&F offers. With this in mind I realise that I will need to move my DMP away from SC and self-manage. I am finding this a daunting :eek: thought as I am nervous about the implications and I…
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Pay off loan or save more for deposit?
Hi guys, I know this has been posted about a few times but I just want to get opinions on my personal situation. Looking to buy land and build in the next 9 months. I have a £10k left on a personal loan which i took out a few years ago to buy a car and consolidate debts. I make regular overpayments of £1k on this a month.…
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My Story - 7 years in the making - I IGNORED OFFICIAL ADVICE!
So after 7 years im now debt free with a 999/999 credit score. What im about to tell you flies in the face of every single money advice and debt advisory service will tell you to do. But i honestly believe that this is the only way to deal with bad debt other than paying it all off before they default you. Once you have 1…