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Debt advice agencies, whether to use and which one is best for me
So i am now at the point where all of my debts have fallen into default and its time to address and get payment plans set up..per the frankly amazing support on this forum i have quite a few..no judgement please, and they seem to be all over the place, some with debt collectors, others with the creditors and some have gone…
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PayPal debt
I have over £2300 in PayPal debt and I'm struggling to pay it because the interest is 21%. I don't really understand what the interest amount means, I just know my monthly payment isn't really paying anything off. I was trying to work out a way to pay it off sooner. If I paid for an example half of it off in a few months,…
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Online Support Required (Advice Welcome)
Good morning All, I am looking for some advice really, on where best to find expert advice. Unfortunately, I have racked up significant debt over the past 5-10 years. Whilst I am managing to pay it off, and still have money left over, I don't think I am doing it efficiently and there is probably a fair better way for me to…
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Do you owe Council Tax or benefit-related debts? Take part in interviews investigating their impacts
Hi everyone, I’m a doctoral researcher at a university in England where I'm currently conducting research into the benefit-related debts (e.g. overpayments, Universal Credit advances, hardship payments, etc.) and council tax debts that people owe to the government and local authorities. In particular, my study aims…
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Do CABOT have a claim against me?
I have an outstanding debt from 2013 for a little over £6000 to a loan company. I was in a lot of financial trouble at the time. And had a lot of letters and recovery threats arriving. At the time I buried my head in the sand and ignored many letters. I have since sorted my financial situation, or so I thought Although I…
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Have done DMP but due small inheritance
Hi everyone, I decided to go for the DMP that step change suggested and my monthly payment will be £119 down from £500pm on credit cards. I told the person I spoke to that I may get a small inheritance of around £6k in spring next year and she said I may be able to settle my debts (just under £11k.) Does anyone have…
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Virgin credit card removed from credit report help
Had 5 cards. 4 defaulted and all om credit reports and sold on virgin were the last to default according to letter but its been removed completely on CRs Lowell have been in touch as they have it now any advice on this one? Contact Lowel and make paymebts?
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Unexpected expense at the start of DMP
Hi to all, I stopped paying creditors in August so not too long ago.As stated in my previous post, I am just starting to get some defaults on the horizon. Namely NewDay/Pulse. PayPal credit have given me until 22nd November to pay my balance in full, so I suspect they might be next to default me. My intention is to…
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Capquest debt letter
Afternoon. Newbie here. In July I got a letter saying some company had brought a shop direct debt I have. This was from 2008. Now I don't remember this at all. The only shop direct I ever had was 2014. I needed up paying that off on credit card. Well today I got another one saying I still owe £300 and that some of the…
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Money Moral Dilemma: Should I borrow to help my husband pay off his debt?
This week's MoneySaver who wants advice asks... My husband of just over a year (though we've been together for seven years) has got into £20,000 of debt. It's not clear how, although he's a generous person. I own the house we live in, and told him at the start of our relationship I didn't want any debt in the house. I…
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Coast Finance / Welcome Finance - Secured loan
Good morning, needing advice here as going round in circles. I have an offer on my house and have printed off the orders against the property. I've managed (hopefully) to sort out the ones I knew nothing about and look like interim charging orders but left with original secured loan from Welcome Finance (2004). The copy…
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ARC Europe
One of my debts has been passed on to ARC Europe, but they do not own the debt. I have set up a monthly standing order, but I have been asked to complete a financial statement. Do I need to do this? Many thanks
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Should I rethink my plan?
Hi all. I am in roughly £106k of unsecured debt, but lucky enough to have a high paying job, so…big hole but big shovel. In total there are 8 creditors who I owe to. After months of reading this forum, I thought that a self managed DMP would be the way forward. I’ve stopped payments for two months and am waiting for…
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To DMP or not to DMP?
Hi everyone, I wasn't sure if this should be here or in the DMP area. I have around £11k in debt on credit cards, I can't quite believe that number. My minimum payments are about £500 each month and needless to say I'm struggling. Please don't judge but I went through bankruptcy in 2019 which will be removed from my credit…
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Persistent Debt at 36 Months - Does a payment still count?
Through my own fault of things getting on top of me I've hit the magical 36 months point with an M&S credit card. I've been offered either a payment plan or a personal loan, none of which I want to do. I have some money that will enable me to make an extra payment that before the 36 months would have got me out of…
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CCA'a for accounts less than 3 years old
Hi all, would anybody bother requesting CCA's for accounts that are less than 3 years old and have now gone to a DCA in the last month. I have some 14 + years old that can't produce CCA's, however I imagine that accounts that are less than 3 years old would be able to produce them? TIA
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It all just got serious
Hello, long-time-since user and lurker of the forum. The situation I find myself in needs attention so I decided to come back. I plan on starting a diary to chronicle the journey to becoming debt free (the proper way this time) and posting my SOA to see whether it's possible to reduce outgoings. I guess I just wanted to…
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Information not matching
Account information - opening date: March 2022 - default date: August 2023 Payment history - first reported: February 2021 - default appeared: July 2022 - account has been satisfactorily closed: August 2023, closing balance £809 Do I ignore? am I being thick here
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Reckless lending appeals outcomes.
So I have two reckless / unaffordable lending appeals. Have received two replies from the lenders. 118 118 money have rejected it. So have progressed to FOS Lendable have accepted my claim. Here is their response. Can anyone help me make sense of it. I understand the the overt but also is there anything between the lines.…
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Did Plata take enough information to make a proper decision?
I found myself in a very tricky situation a few weeks ago, and felt that I had to take out a loan to cover the household bills and my own. I mean, it did the job, the bills were paid. However, having come back to the forum and trying to learn and get my head round a few things, and obviously try to get debt free as quick…
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