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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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Credit Card Arrears - Bank Insist Filling Out Budget Planner (Scotland)
I have been asked after falling into credit card arrears for 6 months, to fill out a bank’s budget planner to arrange a repayment plan. However, there are certain aspects of it, that I am not comfortable in revealing to them. I kept repeating on the phone, “I want an amount that you would be happy with myself paying you…
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Debt for lodger who has moved abroad
Hi guys, we had a lodger stay with us in 2018 to 2019. Since 2019 we have received letters from various debt collectors under their name and we have always sent them back with rts written on them. Since 2024 we have been opening the letters and calling the companies to tell them the only forwarding address we have for them…
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Scared more debt whilst on DAS!
Hello. I’m new to this site and can see there has been a discussion a few years ago about the same topic re: I’m already in a debt management plan and yes, you guessed it…. I’m in a lot more debt again but scared to tell DAS. I can’t bare the thought of bankruptcy. I’ve been suffering with depression for a long time now…
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22k debt, should I go with iva? help pls
Hi hope you are all well. Im 27 and I have around 22k worth of debt from owning my own business the past 8 years (bounce back loan, credit cards etc) I tried everything to keep the business going and it just wasn't happening. So ive since stopped trading and got a part time evening job in Santander. Obviously im struggling…
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DMP - HONEST OPINIONS?
Hi all, I have found myself in a bit of spiral with several missed payments on 3 credit cards and a bank loan. This started earlier this year when leaving a former employer (who decided as a parting gift to only pay me about 25% of my monthly salary) before this I hadn't missed a minimum payment for 3 years. Admittedly I…
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PayPal credit debt and credit file
Hi, Just for a bit of background I suffer with various mental heath conditions and was sectioned in hospital for several months, twice last year following a series of bipolar manic and depressive episodes. During the biggest manic episode I ended up with a very large amount of debts and whilst in hospital my care team and…
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IVA or DMP
Hi
everyone, I have
approached the above concerning just over £10,000 worth of debt varied from
credit card, loans, overdraft, purchase credit. The
following options were offered to me to help me hopefully clear up the
outstanding debt, would be keen to hear your thoughts on this: * IVA - £100 per month for 5 years * DMP -…
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Help with Debts & DMP
Hi all, I am new here and just looking for a bit of advice. A bit of background I didn’t bother with credit until the loss of my parents in 2020/2021 - I lived and cared for them. I started getting small credit cards and a few catalogues throughout 2021/2022 this amounts to around 6000 in all Last June I took out a loan to…
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