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Does this plan to default then enter into a DMP work?
Hello Thanks to the advice on my previous thread, and with a number of calls to Step Change, I've come up with this plan below for my almost £38k debt. I'd be grateful if anyone is able to confirm if this is a good way forward, as I still have some slight confusion about defaulting on payments and at what point I should…
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Debt before maternity
Hello! New member here but have been reading other threads for awhile. Just wanting to post a SOA - we are expecting our first baby december 2023 and want to clear the debts we can before that, plus I'm saving for maternity savings as well. I have filled in our SOA as much as I can. I'm doing roughly 20 hours of overtime…
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Lendable self managed DMP
Strange my account
defaulted last year written confirmation, I have made not or had any contact
since, today received a new Default letter dated 24.04.24 same figures!!! Cannot do a CCA as online account has copy, any
suggestions on what I should do wait and the dispute default date or make a
payment offer, rumours they go…
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B136 restrictions
Hi, newbie here, I have 2 CCJ’s one with SCM via LLOYDS on a repayment plan, the other is with Turnbull Rutherford, who haven’t chased me since 2016 for money. Both took out B136 restricting orders on us both, but the debts are mine alone, we are planning to ditch our interest only Mortgage and get a repayment Mortgage,…
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Letter from Intrum/Resolvecall - Nothing from them over 15 years!
Hi, Been a while since needed advice/thought on subject but hope all is good with everyone! Received letter from above regarding what appears to be debt of £3k relating to mbna account. No further information is given in either letter from Intrum nor the enclosed Resolvecall letter. No date of original debt, when it was…
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Held out as long as I can. Pips now really squeaking!
I'm fast approaching 62, currently a part-time, self-employed sole trader and drawing a small civil service pension. I'm carrying about £36k of unsecured debt as a personal liability. Essentially all my start up and bounce back borrowing either side of the pandemic. I understand my formal approach for debt advice would be…
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Stepchange recommends a DMP
Hi, I have just completed the assessment on Stepchange and it recommends a DMP. I have a few questions please. I have always made the minimum payment and not missed any and that's what i included in my submission, if i were to leave it for a couple of months so that i could save some money would that affect continuing the…
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Personal guarantor for PCP via business
This discussion was created from comments split from: Dad died with PCP, can they do this?.
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Are these DCA’s?
Hi, I’ve two credit cards I’m dealing with. Forgive my ignorance. My question is are the following companies debt collection agencies? Moorcroft have been super with one. Lowell - slightly weird, said a third party debt collection company may take over, when I kind of thought they were one?
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Visit from a Representative
Hi, I am waiting for my debts to default before entering into a self-managed DMP. I have missed two months of payments so far and I have been saving the surplus into an emergency fund. One of my debts is a Nationwide loan and I have received a letter which says that, as I have not been in contact, they may pass my case to…
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In a big financial mess and I can't see the wood for the trees :(
Hello My situation feels pretty complex to me, and I would welcome any outside thoughts or suggestions on how I might be able to move forward from the right mess I have gotten myself into over the past decade. It really feels unfixable and daunting and I've had my head in the sand for a while now but its time to face up to…
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Overdrawn directors loan
I ran a small limited business that went into voluntary liquidation after the Covid pandemic. I’ve now been asked to come up a payment for the overdrawn directors loan which I can’t afford to pay, the company dealing with the insolvency have mentioned taking equity out of my mortgage. I feel way out of my depth and don’t…
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How long to keep settlement letters?
In spring clean mode! I have a few debts this I settled at a reduced rate. These are no longer on my credit file. How long on average do people keep these letters? I’m happy getting rid of the associated bumpf, just worry in case I can’t prove it’s settled
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Moving DMP provider and the gap between payments.
Hi, In November of last year, sadly before finding this forum, I took out a DMP with a company who charge a £50 monthly fee. They have been helpful, but since understanding I could have set one up for free, I'd want for that fee to go toward my debt. Whilst arranging a DMP has been the best thing I've done for myself, I…
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Looking for some help with my DMP
I've just received news that I might be in line for a new job role which has quite a decent pay rise along with it, which is a massive release considering I've been struggling for so long ! I have a DMP with PayPal plus, I have 4 creditors with debts I will post below in images, these creditors have sent me settlement…
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Incorrectly applied CCJ
Im in the process of clearing up some old debts/defaults from poor decisions in younger years. I found out one of the accounts was paying back had applied for a CCJ. complained the accepted they were wrong and actually paid me back what i had been paying. They did state they were applying to get this CCJ removed. Does…
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UK Search Ltd/Octopus
Good afternoon Has anybody had any dealings with the above? I had an email from them this afternoon relating to an account with Octopus that apparently I owe £281.54 on. This account is at an address I moved out of last September. UK Search say the issue is relating from the end of July to the 14th October by which point I…
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Link to thread on what issues MSE should be raising with the credit industry
https://forums.moneysavingexpert.com/discussion/6522435/credit-cards-what-issues-should-mse-be-raising-with-the-industry/p3
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How do you keep the motivation going?
Paid off two small debts, 5 to go, 3 credit cards of £2000 each & two loans. It will take me a while to clear the cards. How do you keep motivated :(
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how to raise money for full and final settlements offers
normally this comes from windfalls, like gifts from family. I don't have that, I know I have offers available, I've wrote to creditors. the only way would be to stop my dmp for many months( 4 to 9) and then use that money and hence take up some of the offers available on some of my creditors. then restart dmp for the…
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