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Just need reassurance really
Hi everyone, nervous newbie here. I was googling debt advice and came across this link and thought how nice it would be to hear stories of people who are in a similar situation to me, as often my debt journey feels incredibly lonely and isolating! I’m a married mum of three and my husband and I are currently in (inward…
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Credit File / Security clearance
Can any offer advice/knowledge? I have defaults that have dropped off my credit score. I’m in the process of filling out the financial section for security clearance for work. I really don’t know if I should mention these debts (as I’m still paying towards a couple but they no longer show on the credit file) or not. The…
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Debt Spiral - would love advice before the payment plan people call me in 2 hours!!!
Hi - I am definitely in debt spiral rather than crisis but it is not going in the right direction. All main bills such as mortgage and utilities up to date but I am personally in over £8k of debt due to a mixture of overdraft, pay pal credit, 3 credit cards!! and a loan. I have two part time jobs that are not bad paid and…
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Confusion over company debt with personal guarantee
Hi there, I'm wondering if anyone can clarify whether a debt can be owed both by a limited company and by an individual simultaneously. I ask this because I took out a loan under my limited company several years ago which had a personal guarantee. The business ran into trouble and was unable to keep up the contractual…
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What happens if you just ignore your debts?
Lots of posts here from people who want to get to grips with their problem and well done to them for making a start. I'm not in debt, I'm lucky, but I do wonder what happens eventually to the people who DON'T ask for help, just keep struggling on, making minimum payments, missing payments etc,? If they have an interest…
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Lendable Home Visit Letter
Hello, I have a letter for Lendable that says they will make a personal visit to my home to get back in touch with me. I had stopped paying the monthly amounts and not contacted them at all, hoping they would default first before I could tell them my situation. I'm thinking I write to them with my situation at this stage -…
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NCO Europe & Capquest - 15 year old debt
Hello everyone, I am sure this has been asked before but its now happened to me and I would love some guidance and reassurance. My previous relationship has resulted in a divorce, which happened 5 years ago. We are living in separate countries now. I was out of this country for a short while and am now at the lovely age of…
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HMRC letter
Hi Not sure if this is the right place to post this. I have received a letter today from HMRC for late filing penalties dating back to 2013/2015. This is the first time they have contacted me. I did run a business back then and had an accountant who dealt with all my returns. I am aware that HMRC can persue you for a long…
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Help needed please 🙏
Hey all, so I’m £27000 in debt. I don’t have to explain why but I want to. Split from my ex husband of 24 years Feb 22, sold our house & actually paid off our £42000 worth of debt, I have 3 children, I work full time, I stupidly racked up more debt which I should not have done. Been lurking on here since April when I…
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Feeling a bit down about it all.
So as I pay debts off I cut up the card, I have paid off two loans this month and have cut up 3 cards today. I looked at my spreadsheet and realised I STILL had 7 debts to go, one loan and 6 credit cards :( . Just feeling a bit deflated (was 30,000 now down to 16 000) .
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Reduced payment plans
Hi, I’m just starting a new thread to try and understand the pros and cons of reduced payment plans. Do they just mean that you pay a reduced amount and take longer to clear your debt? So interest remains the same, the debt amount remains the same, the only thing that changes is the monthly payment and therefore the loan…
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DMP Newbie
Hi all, I am at the very start of my Debt-free wannabe journey. I have £ 47000 in debts (this includes a hire-purchase car) Went onto the StepChange website and it suggested a DMP. I have not defaulted on any of my payments, but I know that in the next month or so I won't be able to pay. Currently I feel a bit overwhelmed…
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Business bank account whilst going through a self managed DMP
Hi guys, I have a question regarding opening a business bank account whilst on the road towards a self-managed DMP. As some of you know, I am currently £50k in unsecured debt with the intention to allow my accounts to default as my income as a sole trader has significantly dropped and I just can't hold it all together…
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OPUS chasing statute barred dept (and leaving voicemails on communal office phone)
Hi all, I’m reaching out for some advice regarding a situation I’m facing with a debt collector (Opus). They’ve been chasing me over an old debt that they’ve already acknowledged as statute-barred, meaning legally they shouldn’t be able to pursue it. However, despite this, they’ve been leaving voicemail messages on the…
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Mortimer Clarke Chasing a 8 year old CCJ
Hello you lovely people. Just wanted to say what a great help this forum has been. As someone who suffers with mental health issues triggered by anything financial this place is an absolute godsend and not sure where I'd be without it. So about 13 years ago my life took a downward spiral and I found myself in loads of…
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DMP nerves (admiral) - please help
Hello, I am going to soon take a DMP out this month (put it off for too long) it’s around £28k I owe now and I use credit most days to get by! Looking to cancel the DDs this month and wait for defaults before DMP. Looks like the DMP will be for 12 years but hopefully settle this earlier I’m concerned as I have two large…
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CCA incorrect response
Hi, I have a very old CC debt originally from MBNA and which is serviced through a debt recovery company. I have been paying this off since 2014 with a nominal monthly amount. In July 2021 I decided to send in a CCA and received what looked like a genuine, albeit very poor, copy of the original signed agreement. As the…
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Cca and physical copy v online agreement
To comply with cca do they need physical agreement (in paper signed) or is an online copy ok? Do the tick box count as signature or do they need your actual signature? Would it be enforceable if they produce an online agreement not physical apart agreement ?
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debts after death - advice needed
Hi Everyone, I am supporting my Aunt following my uncles death last week. Very sad time for us. He was in his seventies but it was more sudden than we had expected. Aunt and uncle were joint tenants in their house. Mortgage was paid many years ago. I understand that my Aunt became the sole owner of the house at the point…
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QDR Solicitors and Lantern - Payment after 'Termination Fee' used to block Statute Barred
Hi there I’ve received a letter from QDR Solicitors on behalf of Lantern (Originally Lending Stream) who say I have a debt with from 2017 – I wrote to lantern first tosay the account was statute barred and asked for them to prove it and they sent a payment schedule with a random payment from 2019 after the 'Default fee and…
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