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Some advice please. £75k Bankruptcy only option?
I’m in a tough spot financially and looking for advice. I think bankruptcy might be my only way forward, but I’d really appreciate hearing from others who’ve been through similar situations or know what to do. Here’s what’s going on: * Debt Situation: I owe around £75,000 across multiple creditors, and my monthly…
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In debt - how best to pay off credit cards and what to do re mortgage port
Dear all - I'm hoping for some insights into the best way to utilise a £20,000 loan from my stepfather, to enable us to port our mortgage. Here is the detail: After years of over-spending which we have stopped, we have serious credit card debt, including one card on a payment plan wiht MBNA. The debts are all on high…
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Lowells et al
hi guys hope your all doing well, its been a year since i stopped paying and all debts are in default, most have been sold to lowell cabot and pra and m&s is still with moorcroft and not sold pra and cabot are offering discounts, lowell is getting quite agressive and threatening court action as i didnt respond in the last…
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Charging order/Restriction on property
Hello, In 2014 I lost my business (sole trader) and was declared bankrupt. A charging order /restriction was placed on a property I jointly own with my ex wife. Since then I have been in constant employment, with not great pay Is it possible to remove or discharge the order from the property?
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Lowell claims I owe them outstanding debt
Hi all, bit of a newbie here! After umpteen calls and text msgs from Lowell early in the year [ignored]; just received a letter from Lowell citing that I have outstanding debt with them for £xxx.xx with O2 (UK Ltd). However I have not been with O2 for many years since the release of the iPhone 3G I think (well over 10…
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Best Lowell Strategy
My name is K and I’m 30 years old. At 18 I got my first full time job and was given credit cards and loans, by 19 I defaulted all of them and ruined my credit so I stopped caring about credit for many years after countless CCJ’s. Fast forward to last year after many years of having no credit available, I realised the CCJ’s…
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CC debt
Hi .. I’ve been on here before with regards to trying to get debt free .. someone suggested a website where you can add up all your debt and it shows you what you should pay first ? Does anyone know what’s it’s called thank you in advance :)
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Beware the December pay trap!
Yep - here we are again, time for the annual warning thread,,, I'm talking about the "December pay trap" - you know the one, rather than being paid on the last day of the month, or the 28th, "because it's Christmas" your company set up the pay run early - anything from 10 days early. The money lands in your bank account,…
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Decree/debt/gambling
Hi, looking for advice. I have not paid my debts in 5 months due to health reasons being out of work. I have defaulted on every credit line which all racks up to £41,000 I have had issues with gambling because of lack of funds which I have now gamstopped but still have transactions from last month and don’t know if i will…
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Nat West Debt Collection
I need some advice regarding a debt my Mum had inherited from my Dad. My Dad died last year. He had 3 debts with Nat West Bank - one for a loan, and two for two separate bank accounts that were overdrawn. These debts were all in joint names with my Mum. We were aware of the loan debt but not the bank accounts. My Mum had…
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Daughters Debt
My daughter has managed to rake up £20k of credit cards plus debt. She also has a loan. Still waiting to find out for how much. two years ago I went on her mortgage as a guarantor as she had split from her husband. This was before she got into money issues. she was claiming benefits as a single mum with two children. She…
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Tesco asks for Income and Expenditure of further action - Stressed!
I tried to pay my Tesco account yesterday and it wouldn't accept my credit card details so I tried again and was put through to a member of staff. He explained the account went through to him as I need to complete income and expenditure form. I said I only came on to make payment and I am now put through to you. He said it…
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First defaults - what now... (advice please)
Hi to all, I stopped paying my creditors in August 2024. I received
lots of letters which I duly filed. Emails I ignored, and as per forum advice, used a 2nd
SIM card with which to ignore and block phone calls. I note that yesterday, PayPal credit have defaulted me – it shows
on Credit Karma (Transunion). I also received a…
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Day one of my debt free journey
Hi everyone, I hope I'm posting this in the right place, I'm a forum newbie! Today marks day one of my journey to getting my finances back on track. After a couple of years where expenses and spending just seem to keep rising I've decided this is the year I will break the back of my debt. Since having my second child a…
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Decree/debt help
Hi, looking for advice. I have not paid my debts in 5 months due to health reasons being out of work. I have defaulted on every credit line. I have had issues with gambling and don’t know if i will be accepted for a DMP(DAS) in Scotland. Can anyone help and how long before I get court action taken against me?
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Lowell chasing me after 9 years!
Dear All, For the last 9 years I have been living and working abroad teaching and now I have returned and have settled back in the UK after my adventure. About a month ago I received a letter and an email from Lowell debt collection, stating that I owed them 800GBP for a credit card debt that was that with Vanquis Bank…
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E.ON applied for a consent order to set aside a CCJ, then basically retracted it
I haven't been on the forums for year but I need some assistance to know who to ask for help. In June 2022 I received a CCJ from E.ON for £455 which I discovered in June 2023. I contacted E.ON who basically didn't help until I raised an issue with the ombudsman in 2024. E.ON agreed to apply via consent order for a set…
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Moving mortgage to credit card debt
Hi, I appreciate the heading on the face of it sounds like a bad idea…..however…I’ve been thinking long and hard about this. My background, I’ve been clearing debt to the tune of in excess 80k over the last 6 years and doing a decent job of it. The debt is a long story but suffice to say, lightbulb moment and never looked…
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Received a letter from creditor
Hi I am in the early stages of starting my own DMP, stopped all payments last month. I have received a letter from my M and S credit card this morning basically saying my account is in arrears and to pay asap and they will add a £12 late charge, no mention of default. Will a letter saying I have defaulted be obvious, what…
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Finnish Friend - Debt
I am trying to help my Finnish friend out of their debt as they have gotten into a sticky situation. They were automatically declared bankrupt at €8500 around 6 years ago, because they couldn't pay the interest anymore, and all that happened was the debt locked at 11percent interest. Now it is at around 17.5k. Any advice…
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