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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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Being sucked into the black hole of debt
A familiar story: I got behind with payments, set against increased living costs and decreased working hours and pay. I'm self employed but barely make anything since covid. No benefits or savings, just selling stuff on eBay to raise money for food. I do however own my property - a one bedroom flat that may be worth about…
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Refused breathing space
I have tried to contacting lenders/creditors to preempt my situation. I am expecting unaffordbability on my debts within the next few months. I have spoke to Payplan but feel pushed for an IVA. I am looking into a self managed DMP, I need a bit of time to sort this plan and budget and sell some stuff. The rest of my…
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Historical Debts repeatedly moved between Debt Agencies
Hi All, I am after some advice please. Over 15 years ago my partner mismanaged some debts. He paid a company to deal with them on his behalf but they went bust, took his money and didn't action. He's therefore ended up with agreements to repay £1 a month for each. He says there are 6 in total for varying amounts. Since…
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Advice (O2 Loan for device I do not own)
Wondering if you can advise and/or warn others about this seemingly innocuous yet devastating loophole in Financial legislation (or if I've fallen victim to something I had missed). I went to get a new mobile phone recently (from O2). The staff in the store screwed up the application process, so I returned home and applied…
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Personal Guarantee
Hi All I have a business which unfortunately looks like it will not make it. I have excellent advice on here regarding debts so far. Just now want to understand how the personal guarantee would work. It has 4 years 10 months left £591 per month on an equipment lease. It is an unsecured guarantee. What will my options be?…
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Lowell
Hello…I have many around 7 different accounts with Lowell all on low payment plans whilst I continue to increase my funds. However on one of my debts they’ve offered me £771 discount and to pay £85 over 3 months to clear it and it will be partially settled. I have already had the default for nearly 3 years am I thinking…
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CCJ
Can CCJ's be paid with a credit cards to clear the debt? What is the longest repayment plan that is offered for a CCJ? Stepchange have advised that a CCJ should be cleared in 3 years which there is no way I could do.
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Dmp and court action ?
I’ve just signed up to step change dmp -3 years and one month- I sent my creditors a debt and mental health form but they didn’t really use discretion- at least one of them has replied and upped my interest rates and offered me one month zero interest.. 19k my debts are.. 3 years 1 month paying 475 a month. I’m wondering…
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Consolidation Loan - yes or no?
Hi - I've been plodding along trying to start clearing my CC debt this year. At the year start it was £50k. By year end it should be around £46k. I had a good first four months, then had unexpected payments, but got back on track this month. My monthly payments are now around £1600. And around £700 of this is interest each…
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Own debt management
Hi, I’m very confused as to how this works I have cancelled my current direct debits and currently on breathing space with my creditors, at what stage do I write to them to offer a small payment for dmp I have had one letter though to say about missed payment do I wait till they sell the debt on don’t know how it all works…
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Smi (Support for mortgage interest) while in an IVA
Hi all does anyone claim the SMI (support for mortgage interest) while in an IVA? I am looking at all my debt options currently and if I am unable to claim SMI that will massively reduce what I can pay. Would only be around £100pcm and on debts of £75000 not sure that would even be accepted as an IVA?
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Prove-it Letter via email?
If the contact from the debt recovery firm has only been via mobile phone, sms and email, to which I have not responded. Should I start with the GDPR letter, to force further communication to be in writing only or should i send the "Prove-it" letter in email form? I realise the point is to force them to provide physical…
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My own dmp
Hi guys, so after losing my job I’m currently not working, I have put through for Benifits. I have contacted my creditors. I have had a letter from vanquish already to say notice of default am I best letting it go to default an sort out a affordable payment with that? Hsbc I’m on payment break and marbles credit card? I…
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Making a plan to become debt free/cancelling pet insurance discussion
Hi, first time posting I think, but I just had the shock of my life when I got an email from my credit card saying I just went over the limit. I have 3 credit cards, 2 are 0% transfer balance ones I dont use, but just pay off just over the minimum monthly so its always reducing. But my 3rd card isn't 0% anything and has…
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Lowell 90% Offer. Advice Please
Hi I recieved a letter recently from Lowell, offering a substantional saving (90%) to settle a long standing debt (Over 10k ) that i have been servicing for year's at a small amount each month.. A family member has offered to give me the funds to settle this debt. Lowell state in their letter that if pay (Just over £1k, by…
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TBI Financial and Standing Orders
Hi, I'm trying to pay all 17 of my creditors by standing order. TBI financial have sent letters that say if I want standing order details I have to phone them. I know the advice is to just communicate by letter and only pay by standing order. What would you do in this situation? I could - phone them, ignore them, pay them…
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Rbs debt and Aberdein Considine
Hi everyone. One of debts that has defaulted is RBS personal loan. I owe £9858.22. I have allowed it to default and made no contact. However I have received a letter from Aberdein Considine who act on behalf of RBS and want me to set up a repayment plan. Anyone come across this company before they appear to be a solicitor…
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Debt Advice
Please don't judge me, I am reaching out for some help and I would love some support and advice! I got in a right state financially trying to save my business back in 2017/2018. I owed large amounts to Funding Circle and Barclays which were personally guaranteed plus around £75k on various personal credit cards. The…
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Does a default notice have to come with Royal Mail or other snail mail provider?
Hi to all readers; Like many forum members, I found myself struggling to meet minimum payments to
my creditors. As a result of the advice contained in this invaluable
forum, I ceased paying my creditors in August. My plan is to self manage a DMP. I have had some paper letters; lots of emails and some phone
calls…
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