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Debt reduction solicitor
Hello and help 😖 I have always had brilliant credit and been debt free and this changed very quickly for me a few years ago when leaving a partner and starting afresh I foolishly ran up credit cards ! repayments became impossible may family I know I really didn’t want to IVA or bankruptcy and I was contacted by a company…
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Self managed DMP - newbie
Hoping posting here is the correct forum - been a long time lurker and have finally decided to do a self managed DMP. Have found the advice on here so helpful and reassuring. I have a couple of questions I hope people will be able to answer. 1. Has anyone had experience with negotiating payments with AMEX and how long they…
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Default query
Good afternoon - I received a notice titled “Default Notice under s87(1) of the Consumer Credit Act” but when I flagged this when arranging a payment plan Novuna responded to me saying the following I can see a Default Notice was sent on X however this was to let you know that you had defaulted on the terms of the…
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Capquest I'm confused please help
I had a letter from capquest saying I own money to shop direct and that they have taken over the debt. With a random ref number ,I have no clue what this debt is ,I've not had any shopping catalogues in many years . Should I just ignore this or what do I do. It say if I pay a reduced amount the the debt is settled
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0% interest credit card transfers
I've seen many times about transferring the balance from an existing credit card to a 0% interest one. Having been told that it will take 20 plus years to pay off my current cards at minimum payment rate, I am wondering if it's possible to transfer two existing cards to one 0% Interest card. Total combined debt for both is…
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Opos Limited harassment
There was a random letter to me sent to a family member’s address a couple of months ago, from Capquest saying they had passed a debt of £130 to Opos. I have sent several Prove It letters. There is absolutely no way I owe this because I haven’t used ANY credit, except credit cards paid off in full monthly, for at least…
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Help with credit card interest
Need help please. My Dad transferred a balance to a credit card in 2022. It had a 6 month interest free period. He never received a single statement. He paid a manageable amount every month. He used it on the odd occasion for purchases. He is 77 years old and only stopped working last year. He came to me today, saying that…
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Cannot see wood for the trees - persistent debt advice
Hello everyone, a long time lurker here. Please can I have advice what can we do, as I cannot see the wood for the trees. I'll do my and my husband's SOA after work when I get time but here is a rough outline of the problem: Spiralling debt problem that started long time ago with one credit card, and now after two…
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Default letter question...
Hi to all,I received a letter from Barclaycard to let me know that
they have defaulted me. It has indeed appeared on Credit Karma (Transunion). I'm a bit confused by the letter. It acknowledges that I didn’t pay what I was
supposed to. At no point does it ask for me to make contact or make any
payments. Indeed, it actually…
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First Assignment Letter
Hi all, I've just received my first letter stating Wescot have been assigned my account on behalf of one of my loans. I've checked the credit report and the account is showing default now, however I still haven't received an official Default letter from Tesco, just that they're passing the management of the account to…
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Student Fees, debt letter
My daughter has received a letter from Pannone Corporate, on behalf of the university, about student fees my daughter seemingly owes. They have asked for the money back. She has been given a deadline of when to pay or provide financial details. They have also said in the letter they can commence court proceedings…
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Facing up to my Debt, before its out control
Hello, I'd appreciate some advice on how to get started on trying to tackle my debt. Some backstory, my partner has been out of work for almost a year due to mental health and addiction issues. We have been unable to get much support from UC other than a few hundred each month, which isn't enough to cover our outgoings. My…
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Help with Money Management
Does anyone know of some kind of advisor who could help me with issues of tax, budgeting and pensions for someone who is not quite in dire straits (yet) but doesn't have savings or assets? Basically (and I am not expecting sympathy) I earn a reasonable amount via PAYE and freelance work. But I also have a huge amount of…
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About to begin a DMP with £53k of debt.
Hi everyone, I posted a thread a few months back discussing my financial difficulties and the solution was to hammer my credit cards before the interest periods started. Whilst I have tried to do that, our mortgage has now gone up an additional £300 a month and we have had to replace our car. The interest free periods are…
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Can I do a DMP?
Hi all, I’ve been reading through the forums and was hoping for help
as I’m getting so much worse with stress. Between my mental health and Covid my spending spiralled out
of control resulting in this stupid and insane amount of debt. I’ve copied
across a SOA which is solely my income and bills/debt. I live with my…
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Final offer to wescot
Hi I owe wescot/cabot just over £1000 for an overdraft, I've been paying a minimal payment to wescot for around 6 years now, Santander have sold the debt to cabot who are letting wescot continue with the payment plan. To be honest I want it gone, I've only got them and very to pay off then we are totally debt free (…
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Lowell/London Scottish Finance
Almost twenty years ago, I got into a lot of debt through my (then), wife's drug addiction, we were even made homeless. One of the debts was over £8,000 on a credit card. We split and I eventually began to rebuild my life, even to the point where I met someone else and we've now been together for 18 years. In 2008, London…
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Could being made redundant help with my debts??
Hi Posting as a panicked newbie here... We have been offered the opportunity to apply for or voluntary leavers scheme and I have submitted a request to be considered (I don't have to sign it but after a bad day finally pressed the submit button!). The background is that I have been there 16 years, I am good at my job (I…
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In process of setting up S/C DMP - advice needed re NatWest affordability complaint
Just to introduce myself, as I think you will be seeing a lot of me around these parts! Apologies in advance for the War and Peace introduction and questions! I did a DMP with StepChange a decade ago, which was very successful and they helped me get a mortgage when I was selling the family home during divorce. It was the…
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Later stage of DMP - next steps?
Hi all, I'm hoping to get some sage advice from the hive mind - I'm a newbie here so apologies if I'm posting this in the wrong forum. I've been in a DMP for the best part of 15 years after managing to face up to the damage done by gambling addiction. At the point it started I was working full time and my wife was looking…
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