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Link Financial - no reply to CCA request
Hi folks, Sent two CCA requests to Link Financial using the template from national debtline on 24th May. Had no reply from them as yet. What is the next steps? What if they just say they never received it?
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Are any companies using the Date of Default to trick people?
Hi all In light of the following sticky on Limitations Act and Date of Default https://forums.moneysavingexpert.com/discussion/6027755/statute-barred-debts-and-the-limitation-act#latest My understanding of the above sticky is that the six year limitation for SOME credit providers with the appropriate terms, mean that the…
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Zopa loan
Hi My Zopa loan has recently defaulted and I have now written to them to explain how much I can afford to pay monthly. My letter has been acknowledged and they have invited me to provide income & expenditure information. Please could someone advise if I need to complete this? I also have other debts to consider. I've…
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Clarification on old Debt
I am just seeking some clarification of the what happens to old debt where no debt solution is taken My understanding is Stop payments and inform creditor you will not be making any further payments Debt chased by creditor Default letter Debt sold to debt company after debt company for up to 6 years of chasing with…
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Default and Creditor Contact Help
My husband and I have started the process of cancelling direct debits, we have set up a new account and we are now not paying creditors for non priority debts. We are starting an emergency fund too. I just have a couple of questions please? When the accounts start to default do I then contact the creditor to explain my…
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Employed again, started paying off debts, now Cabot digs up old debt
I'll start with a very brief summary.....Over a decade of fighting new and old debts, being self-employed with a tiny online business didn't help solve my debt problems.Then covid hit and the business boomed (I did not receive any grants or payments during covid) but when it all blew over and the country went into the…
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Debt sold to external companies
Many years ago I dealt with Stepchange and had several credit cards who sold debts to external companies. This is probably 10-20 or more years ago. Some of these companies have then sold the debt to other companies since. Some of the debts I don't know about, for example around 20 years ago I was told I had had an RBS…
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11 letters and the replies start coming
Please read all of this--- myself and wife are now at the point where it's a DRO or bankruptcy or creditor write off in order to clear consumer debts.£22,000 . ( had to stop our self managed dmp cos I dropped to a lower paying job for legitimate reasons) we wrote letters last week to our 11 creditors, showing income…
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Council Tax Debt
So I'm writing this about my 73 year old mother. She is in serious Council Tax arrears - about £8500. She has made absolutely no attempt to resolve this matter. A liability order has been obtained. Enforcement officers have called at her address but she hasn't answered the door. She has no assets of any value that would…
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DMP - Scared about the future.
Hi all, I have read many forums and wondered if I could ask some of you for advice. I started dating someone from work at the beginning of the year (we have been friends a long while before) just as I entered a DMP. He doesn't know about my debt or my DMP (I didn't feel the need to tell him so early on). I was renting a…
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Resolvecall
I got an email from resolvecall a few weeks ago on behalf of Jefferson capital Acquisition saying I owed £230 but if I paid £115 then the matter would be closed. I was out and came back home this morning to a letter put through my door saying they had called and to contact the asap. I don't actually know what the debt if…
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Unmanageable credit card debt, defaults, mortgages and DMP
I've found a few threads focused on DMPs but none that mirror my circumstances and was hoping for insight and advice. I've tried other forums but got little from it other than criticism and pedantic comments on the explanation of my situation which just resulted in me deleting my post. It looks like the people here on MSE…
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Full house of defaults
I know it’s nothing to be proud of but it’s taken almost a year and a new job to be able to get to this point where everything has defaulted and I now have standing orders in place to repay my debts (aside from PayPal who haven’t contacted me since default and PRA who are still looking for my barclaycard CCA) Some of the…
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Prioty Debts
Currently managing own DWP, but been hit with high untilty bill (Gas/Elec) due to reading issues. My question is i am aware this a prioty debt but would my creditors play ball if i ask to reduce payments to clear this for 6 months, anyone point me to any FCA rules to use.
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House ownership and debt
I’m 50 years old from NI and I own my home with my wife
(50/50 and no mortgage). I am also £30K+
in debt and I’ll be starting to pay this back soon (maybe £150+ a month). This will obviously take considerable time to pay back, and
I’m worried about leaving my debt problems for my wife to deal with should the
worst ever…
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Pay off debt with emergency fund?
Hi all, Question around debt repayment- I currently have a personal loan of circa £5k left at APR of 5.68% with payments running until Mar'26. I have roughly the same emergency fund in a high interest savings account paying 5.2%. My question is, should I use all of this or most to pay off my personal loan? This will be my…
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Advice please (in laymans) please
Morning All, I have 2 outstanding credit card debts in my name and am with Stepchange, I have recently just lost my husband so I'm presuming I will still have to pay them off but would/could Stepchange go to them to see if they will come up with something else? I know the above does not probably make sense so sorry,
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Settlement on 6 year old account, credit file impact?
I have been paying a PRA account for over 6 years. The account has dropped off my credit file some time ago due to age. I now want to make a settlement offer to clear the balance (c.£1400). My question is, if I do so will there be any impact upon my credit file? Will the account re-appear here for another 6 years? Or, will…
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Resolve call trying to chase 20 year old debt
Had a letter this morning from resolve call about a debt from 2011, it was a phone contract that I ended up not paying as their was a dispute with Vodaphone and myself at the time, long story short old contract had about 5 months left went into store asked could I upgrade early, was told yes and the old contract would be…
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34 months paying debt that is now proven not to be mine - reclaim nightmare begins
I have been verbally challenging a debt collection company about a PayPal working capital loan I set up when I worked for my ex husbands limited company in 2018/19. I resigned from the company in 2020 to peruse my own career. In 2021 I was inundated with calls and letters from Wescot collections (Wescot) who have verbally…
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