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Debt Management Plan. Where To Start
Hi All. I'm looking for some advice. I've got 44k worth of unsecured debt in the form of credit cards and loans. I'm struggling to keep up with the monthly payments at the moment. I haven't defaulted on any of the accounts as of yet. To which seven in total. I'm looking at getting a DMP but I really don't know where to…
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Debt Collector or Debt Purchaser?
Hello! I've been lurking on the MSE Debt-Free Wannabe forum for some time now.... here's my situation: In Dec 2022 I was unfortunately made redundant and it took 9 months for me to secure another role (I work in recruitment/HR so with reduced hiring, companies just didn't need someone like me). Anyway, I'd never missed a…
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Ongoing Default Saga With Lendable
Good morning, it’s been a year since I decided to start a self-managed DMP and stopped all payments waiting for defaults. In that time all creditors have defaulted except one, Lendable. I continued to pay them a small amount for a few months (as they threatened doorstep collectors..) but they didn’t stop interest making…
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What should I do?
I’m looking for advice on the best course of action to take. Some context: According to Credit Karma, I have two defaulted credit card debts: * Tesco Bank £3100 (default date Jan 2019) * Lowell’s (Natwest) £1600 (default date Aug 2019) The start date for (1) was 2016, and for (2) 2013. I’m certain I originally defaulted…
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Defaults Question
I have a Q about 2 of my husband's debts that aren't being reported on his credit reports - is it because he defaulted more than 6 years ago? He still owes that money doesn't he, it's just not on his report because of that default thing. I didn't know that was a thing, I've learned something! If I've got that correct,…
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Can I set aside a ccj?
Back story - in 2017 I engaged the services of solicitor 1 on a deferred payment agreement. I made it clear I didn't want to go I to debt over this issue and they agreed to this. The agreement was I would only pay once the family estate was settled. Solicitor 1 was made fully aware of a family member who had made…
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TO DO BEFORE STATUTE BARRING
Hi, I have tried to read as many threads as possible but still have a question. Background: In the past (2018) I had CC debts that I couldn't pay & they defaulted 17/1/2019. After many letters & phone calls, due to pressure from my wife and a gift from a family member, I repaid all except one CC. She thinks it is morally…
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Iva early settle
Hi everyone need some advice . We our in our iva 4 and half years . I am soon to ininherit some money up to the value of 8,000. We owe 3200 on r iva do u think the creditors would take an early settlement.
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Are solicitors allowed to buy debts from banks that the same solicitors represent?
I have seen posts on this forum about HSBC selling debts to
MFDP Ltd, a debt collection entity. After selling the debt to MFDP Ltd, HSBC has also been
instructing borrowers to continue paying their debt through a preferred solicitor,
Restons Solicitors. I have a debt with HSBC which I have been paying through
Restons…
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Start of self managed DMP journey
Hello! Is anyone else a couple of months into starting a DMP and want to share what they have experienced so far? I stopped paying all my credit cards minimum payments in July and so far only had a handful of letters and txts/emails. I don’t answer my phone to unknown numbers so not sure how many phonecalls ive had. Im…
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CCA Request - Response next steps
Good morning! :smile: I’ve sent off 3 CCA requests last month, 2 to Cabot and 1 to Moorcroft (debt owned by Capquest). Cabot have responded to both to say they are still processing the requests, but until they can provide the information the accounts are unenforceable. Moorcroft have only said they have referred the…
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Please help me decide where to start!
I’ve spent the evening taking my head out of the sand and can’t decide where to start. I know about the snowball effect but could anyone tell me where I should attack first. I would be so so grateful. MBNA - £16,000. 28% interest Barclays - £3,300. 28% interest Halifax - £9,000. 0% interest until Dec Nationwide - £2,800.…
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HMRC debt
Please could I ask for some help with a self assessment tax debt? I work freelance alongside a full time job, and it's put me into the 40% bracket this year. I didn't put any money away at all to pay the tax, I feel really stupid about this but I just chalk it down to being autistic and not understanding what I'm supposed…
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Resolve call
Hi, I’ve just had a visit from someone from resolve call. I’ve had a few texts from them, and a letter, stating I had a debt with Alliance and Leicester, which my ex did in both our names many years ago, more than 19 years I think. I never had any part of this loan, the ex dealt with it all, or not as the case seems to be.…
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Zopa
Hi My loan with Zopa has now defaulted and I was about to commence monthly payments, but I noticed yesterday that the debt had been sold to a collection agency without warning. I submitted a CCA request to Zopa some time ago, but received a letter back to say that someone would be in contact, but heard nothing further.…
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Is a personal loan the way to go?
Hi everyone, Just looking for opinions on this one. So the situation is that I have a total debt of about £15,500 (exc mortgage). This breaks down as follows: Overdraft: £3k (£45 pm) 15% interest with starling. PCP car loan: £8,270 (settlement quote) 227pm Very: 188 (13.67pm) Finance agreement 395 (settlement quote) £32pm…
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What should I pay off first?
Hi all. Not sure if this is right category to post in. However I’d like to know opinions. What’s best to pay off first? I have 0% credit cards around 11/12k I have a loan a mortgage. ( I can only pay off 499 extra a month without early repayment fees ) I would like to possibly buy another property, but it seems that my…
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Constant spiral of debt
Hi All, I'm brand new to the MSE forum so go easy on me..! I have been living in a constant spiral of debt for longer than I care to remember. I live from pay day to pay day and am forever in my overdraft. I have loans and credit cards that I pay the bare minimum monthly repayments on. I rent a house with my wife but…
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Starting a DMP
I decided to do a debt management plan a few months back after looking at advice online mainly from StepChange and on here. Following advice on here I stopped all direct debits in order to try a build up an emergency fund , clear some outstanding payments and wait on accounts to default. It has only been a couple of months…
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A few specific questions
Hi, I've been in debt for a long time, maybe I will share some more of my story and situation eventually which ultimately centres on me being autistic and the impact that has had on my life, but I just have a few questions for now. I've been working on increasing my income and I've managed to do quite well (like over a tax…
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