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Settling old debts
I have four old debts. All defaults have now dropped off. Three out of four were writing to me offering to settle at 20 percent. Meaning an 80 percent reduction. I might ask them for the original credit agreement and cease all contact. Can anyone advise?
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Bringing down debt, where to place the focus?
Hi everyone, long time lurker but now signing up for some tips and advice to reduce this debt hanging over us as it's really starting to irritate! Quick overview - £34k debt on a self managed DMP, around 3.5 years old now - F&F offers starting to come in with around 50-60% discounts so hoping to clear this for around…
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CCJ defense advice - heating engineer claiming against me
Hi foks, hope this is the right forum - let me know if it's not. I have a bit of a petty saga which has been going on for nearly a year now... I had a heating engineer come and do a few jobs, two of which weren't done as per the quote (which had some pretty ambiguous wording on it) and while I paid up for the work which…
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Virgin Money debt sold but no default?
Hi all, Self managed DMP, slowly getting all the defaults… Received a letter today that advises Virgin have sold my cc debt to capquest. I received a default notice back in January from Virgin, but the actual default has not appeared on any of my credit reports yet, nor any confirmation the account has defaulted. However…
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Zopa loan sold to Cabot
Hi Everyone. Letter today for my defaulted Zopa loan saying they have sold it to Cabot. Not yet set up any repayments to this as I was awaiting letter rather than telephone, email, text demands. So now I'll await a letter from Cabot. Is this right? Also should I send Cabot a CCA request, like I did with PRA group who…
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Credit Card Debt - Now living Abroad - What to do?
My daughter is a UK citizen ( at the moment ) , UK bank account, but has worked abroad quite a lot in recent years. She has a UK credit card, with not the best of rates. She does 1-2 year stints as a nanny mainly working in the US & Canada depending on Visas. She is now in Canada, still working as a nanny which is fairly…
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Moorcroft - partial settlement offered on buy to let mortgage debt
I have received an offer from Moorcroft to partially settle a buy to let mortgage debt at 30% with a lump sum after using a company to negotiate on my behalf (Bell and comp). The mortgage was with The Mortgage Business ie TMB. It seems that Halifax took over TMB and passed the debt to Moorcroft. I have a current account…
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Balance transfer limit pretty useless
I took Experian’s advice and applied for a balance transfer account with MBNA. I was accepted then told the limit on the transfer is £500. No good to me, with a need to transfer £4,600. How do I find out how much a CC will allow me to transfer before committing to an application and how do I stop MBNA setting me up with a…
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Martin Lewis warns council tax debt collection is 'so aggressive it'd make banks blush'
Aggressive council tax debt collection practices – even after missing just ONE payment – are putting up to two million people at risk of serious harm, new research from charity the Money and Mental Health Policy Institute (MMHPI) has found. The charity's chair and founder Martin Lewis has called for Government action and…
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Last chance saloon before insolvency.
Hi everyone, I have been a very long time Lurker on this forum, and have used it for guidance and advice when I have had previous half-hearted attempts at sorting out our debt problems. today, for the first time ever I have sat down and I’ve completed an SOA. It doesn’t make for pleasant reading but I keep reminding myself…
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Settling credit card debt
Hi, I have £25,000 unsecured credit card debt over four cards and of this £19K has defaulted and these defaults will be two years old in November 2024. My credit report is only showing 19K of this debts and they all date to a similar time. I wonder why the other credit card (Virgin) isn't showing up? None of the defaults…
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Cabot Financial --> Orbit doorstepping and advice please?
Hi all, with much thanks to this forum over the last 10-15 years we've managed to sort out many of our old debts mainly credit cards. The only one really left is a Yorkshire Bank account sold onto Cabot years ago and they were terrible to deal with but in the end I said all I could afford was £1. for all that time the…
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Saving to pay off mortgage earlier.
Hi guys. So, currently my outstanding mortgage is 118k and it was a 28 year term when I took it out in 2022 (aged 41). Back then I was paying 375 a month, though that has now increased to 689 since the 2 year fixed ended - the rate was 2% on the first 2 year fix term, while since March the rate is 5.02% when I started…
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PRA group and Barclaycard
Hi. I have been reading lots of your great advice on this forum. I have taken aboard and having cancelled debts in Dec 2023, most of my debts are starting to get defaults. I was going to go through Stepchange and go with a DAS. However I have decided to go self managed DMP as I feel I would like to try and pay of debts…
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Credit card debt passed on to a agency
Hi Some advice would be much appreciated Opened the account 1996 Defaulted June 2021 - By default I didn’t make any payments to add I received no letters calls emails about the account June 24 letter claiming they have brought the said account and I owe £2000 The evidence available is I paid a further 6 months of £ and the…
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Default registered 2 years after DMP payments started
Hi, I started my DMP in May 2018 and now six years later I'm finally debt free. I had around 12 accounts that defaulted all within a month of entering the DMP, and these are off my record. However I have one account, Azzuro Associates, that didn't put my account into default until August 2020, despite me never missing a…
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Mortgage & DMP?
I have £21k of defaulted debts, £6k "not being collected" and the other £15k on hold pending CCA replies. Defaults will fall off in March 2029. My home is shared ownership with my 50% mortgage free and rent & service charge on the other half going up by APR every year. I'm 60, still working in the NHS and am debating…
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50k plus in debt, trying to assess options out of it!
Hello all, I'm beginning to realise that I'm in way to deep. I can't borrow my way out of this anymore (not that that's ever worked for me anyway) so I'm here looking for help and a way out of this. I've spoken with a debt help agency who've suggested a couple of options (I'm in Scotland so may be different to England)…
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Help with stayed court proceedings please
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Intrum question.
Hi guys. Right, so... Intrum sent me this letter after i offered them about 25 % of the debt. Makes me thibk they dont even have the initial contact and I was wondering how to deal with it. The debt is from vauxhall as after finding out i have been miss sold the finance dont know what to do. Any advices? If any of you can…
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