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Loan to repay cards that don’t mean you increase total credit
I’ve got myself into credit card debt I’m now struggling to repay as interest adding on means what I can pay each month is having little to no effect. I’m not eligible for any balance transfers or loans as they all see this as me trying to increase total credit, whereas all I want the loan company to understand is I would…
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Financial advisors / accountants who specialise in debt?
Hi there, I am gutted to say that I have been in a debt spiral for some time. I have a considerable amount of credit card debt, spread across several cards. I have just managed to sort it so none of them are earning interest, and I’m lucky enough to have a relatively good job in terms of pay which means that I’m just about…
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Help with Bank misleading Financial Ombudsman
I hope someone can help, and that this is the correct thread, it has taken over 6yrs to get all debts in order and clear our credit files, that is all except one. Summary - Joint bank account with TSB, overdraft, agreement with them to pay back monthly, so account does not go into default- Each year this agreement is…
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Support needed enough is enough
Hi everyone, It has taken me so long to finally pull my head out of the sand. 11 accounts unsecured borrowing totalling £85,228. I have only been able to pay minimum payments until recently when I had to start withdrawing money from CC for day to day spending. This has really woken me up to do something. I have been in…
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CCJ advice for N244 (CC debt)
Hi all, I'm in a bit of a situation regarding an impending CCJ and was wondering if anyone had been through a similar situation with positive news, as I can't afford close to 4k at the moment. I currently have a bit of debt behind me that I owe and have had a precarious career the past couple of years working freelance in…
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Credit card balance cleared by Halifax
So I had accumulated a balance of around £10,000 on my Halifax
credit card over the years, mainly making minimum payments, which were about 1%
at the time, with an an interest rate of about 16.9%. About three years ago,
Halifax notified me that I had been in persistent debt for 36 months and would
suspend my card, offering…
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Anyone experience with ACI?
Hi, my loan was sold to ACI a couple of months ago. Original amount £2,034.94. I made an opening F&F offer of £750 which was rejected and the lowest they’re offering me with partial payment shown on my credit file is £1725 with £1929 being the offer if I want full payment shown on my credit file. Does this sound about…
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Defaults - 6 years nearly up.
I’m new here. I have been debt for years after leaving a really abusive relationship. I have 3 defaults on my credit report. Two with Lowell and one with Cabot. They total to around £713.00. I make two small payments each month one to Cabot and one to Overdales Solicitors. Two of these defaults hits the 6 year mark in…
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In a DMP, can i only make decent token payments for months, then make offers.
Hi, going thro all my options to get rid of debt. ive been with stepchange for 15 months on a DMP, £547 a month with wife. we owe £22,500, 3years to go. had to cancel this months stepchange DD as fell behind with rent and electricity bills. so used that money to clear it those bills.. I will have to contact stepchange to…
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Help required .... In a Mess!
I have got into a credit mess over the last 5 years. I changed jobs for a lower salary employment because of mental & physical pressure. Unfortunately Covid came and then increases in fuel, food etc etc. I have subsidised my living expenses with Credit Cards & Personal loans and although I've struggled with minimum…
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Considering DMP but confused on the process
Hello everyone, I have been reading through this forum and the advice on offer has been very helpful, however I'm still a little confused on the process. I have read that I should wait until I default on my payments and then set up a standing order and pay what I can afford, does this follow a formal discussion with my…
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CCJ for Council Tax?
Good Afternoon, I'm hoping that someone could give me some advice. I few years ago, having just lost my job and falling into a deep depressive episode I managed to let things slip and get myself into some financial bother. As a result, I have a CCJ on my credit record for a council tax debt. Before you say it, I've been…
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Snowball or no?
Hi, I have three credit cards with balances as follows: Barclaycard £8383 0% until 1st May 2026 Natwest £7220 0% until September 2025 Natwest £4920 0% until March 2025 The barclaycard was a money transfer I obtained last month to pay off a loan and save on interest. My plan was to pay what we would have been paying off the…
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trace debt recovery
I have 3 payments that are £170 each and the trace group said it's now their escalation department and if I don't pay it's going to their solicitor should I pay I don't know what to do
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Help understanding Interest Rate
Hi all, So I'm setting out on my own mission to get a handle on my debt. I've sorted a few smaller bits, but I have 2 "big" cards and I'm trying to work out which has the highest interest rate, but they seem to both use different metrics? Card 1 says: - Simple standard rate p.a. 30.93% (35.7% compound equivalent) - Simple…
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Default registered - next steps
Hello I've been lurking on this forum for a while helping me to get through the first steps of trying to sort what eventually became an overwhelming debt situation. After coming across this forum I have opened a new account, into which I’ve been having my income paid and setting aside the majority of the payments I’d…
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Credit card debt
Hi I have 3 cards which I’m struggling with they are hsbc I owe £6650 they want £600 a month, vanquish I owe £3000 and marbles I owe £1300 now marbles have cancelled my card due to non payment, vanquish are threatening a default which I’m kinda wanting them to do as they want £400 a month, and hsbc are calling and…
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question about ccj's
can the purchaser of an old debt with a ccj and court ordered payment plan get another ccj to change the payment plan or take a hold on my house.
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Credit Card Arrears - Letters Suggesting If Things Are Not Resolved Soon. They May Want Full Balance
I am in credit card arrears. The only solution to pay them was to find a second job, which I did after more than 100 applications and 6 months of job searching. I finally got a job after all my efforts, and it is a bad one. Struggling supermarket taking it out on their minimum wage employees. I now have real doubts that I…
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Partner’s Debt
I have been with my partner for 10 years, we have 2 children together (one pre-school and another 6 month old baby). We have separate finances and our home is mortgaged in my name only, though he transfers me a set amount monthly to cover his share of bills, including a portion of mortgage costs. I have had my own…
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