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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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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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