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DMP, maxing credit and full and final offer
I have been reading through all the DMP posts and I see someone asked should they max all their credit before starting their DMP so they have a large emergency fund and can make full and final offers? Is this a route anyone takes? How early in could you make full and final offers? If you have a little lump sum available…
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Amount of Unsecured Debt
Hi again Can I ask does it make a difference the amount you owe one credit card company as to the action they will take when you stop paying monthly payments? My largest credit card debt is 25k and this will be the first month I am not going to pay. Just feeling nervous about what will happen. Thanks
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Sending letters to Creditors
hello everyone, been a while now. I would like an advice on whether i should write to my creditors and say i am out of the country and not returning? I have been contacted by transave and been asking for me to settle. Otherwise, legal action will be taken. Should i reply to this or let it go? Thank you for those who will…
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Debts and DV
Hi, it’s been a while since I’ve been on here but I really need your help. i have recently ended my marriage which included physical, emotional and financial abuse. I have been in contact with CAB, they say it will be hard to get any write offs due to financial abuse but they will try. My husband was in and out of work and…
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Drowning in debt, please help with next steps.
Over the last 15 years I have made bad decisions which has led me to nearly £90k worth of unsecured debt. Huge chunk of this has come from investing in a business which did not do well at all, I am now struggling to meet the minimum payments. I have around £90k of unsecured debt spread over 8 credit cards ( 5 of them are…
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Voluntary termination delayed collection
hi clever people I have voluntarily terminated my PCP with BMW. They have confirmed this in writing and state to wait for arrangement of collection of the vehicle. My question is, our next months payment is due on Friday. If they don’t arrange to collect the car before this date, will the direct debit be taken again? Are…
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Another Resolvecall issue
This discussion was created from comments split from: Resolvecall letter.
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Creditfix queries and closure
Hiya. Me again. The dreaded IVA just cropped up in my mind. So I thought I’d ask on here as you put my mind straight last time :) If all goes to plan I am 18 more payments of £256 off of completing the 60months. I don’t own a home or anything of significant value. So will that likely be it once I have made the 60 payments?…
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Broadband provider final bill sent to collection agency
Hi all, Need some advice on how best to proceed with a outstanding balance with my previous broadband provider being sent to a collection agency. I have several defaulted credit card balances split across 3 or 4 debt collection agencies. I’m a resident in Scotland and they are all due to become prescribed within the next 6…
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Improved situation but still unstable income — best next steps? Self-managed DMP?
Hi everyone, I posted about six months ago after being been made redundant and my debt was mounting up quickly. At that point I was in a really difficult position, pretty much having to choose between paying debts or keeping a roof over my head, so I stopped paying most of my creditors. I did continue paying a few of the…
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Some advice on debt management and secured loan
Hi all, hope this is the correct place to post. I am looking for some advice on what to do before making a decision. I work as a self employed handyman and have had a tumultuous few years. I lost my mum in 2020 and was left with some inheritance that I didn’t really use wisely, I then sold my house in London which again…
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Advice and help with £28k debts
Hello all. Long time lurker here. I've read and taken in a lot of advice from all you lovely people and have finally decided to admit to myself I need help and advice. To cut a long story short; I've had some form of debt since the age of 18 when banks threw credit around for fun (40 now, time flies). 2009 moved in with ex…
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Bereaved, and now debt collector has written.
I hope this is the best forum for this question. I'm an ex debt free wannabe under a different username who is now debt free. Or i was... My partner died last year, I was the executor of his will and there wasn't even enough to cover his funeral costs. He wasn't named on the deeds and had no savings or anything. He had…
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Which one do I do?
I would appreciate some help. Background In 2007 (or it might have been the year before) I got a credit card with M&S.To try to help with my debts that were starting to build, in 2008 I applied for a credit card with Halifax and they sent a card and then another card days later. I don't recall asking for a second card but…
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Quick advise please
Looking for help from someone more knowledgeable than myself on behalf of my daughter She bought a flat 18 months ago with a deposit gifted from us and a sub prime mortgage as she has a debt management plan in place (unfortunately via a paid company) The mortgage is due to be re-negotiated in 6 month and although the DMP…
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Credit card transfer
I currently have an M&S credit card with a £5,500 balance that I am paying interest on. I would ideally like to do a 0% balance transfer so all payment paying down balance. Even though I have a high credit score I currently am not working as a carer for my son receiving carers allowance/UC. So thought that it may be better…
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Awkward: Advice please
Morning all 2.5yrs ago our only car was written off in an accident that wasn't our fault. We got the value of the car, £3000. As we needed a reliable family car, we looked at a car loan to boost the funds. My parents offered ( I never asked) to lend us £10,000, with no time scale to pay them back. We set up a (we thought)…
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Mortimer Clark / Ratesetter
I was wondering if anyone else has had the above lovely combination? I found this one interesting as Ratesetter got bought by Metro during all this and I often wonder how likely it is to get paperwork. Cabot have been quite quick to go for CCJ route, makes me think actually there is no paperwork for them and are trying it…
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CCA request
Hi everyone, I posted a few months back regarding making full and final settlement offers on some of my debts and received the advice from members here to send CCA requests to my creditors first to check whether the debts are actually enforceable. I’ve now had a couple of replies back. The responses mostly included…
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Sleepless in Liverpool - worried about debt
Hi folks, I am a bit embarrassed by the situation I have got myself into, and whilst I see from the forum there are other people with much more larger debts than me, it is keeping me awake at night and causing a lot of anxiety for me. So, I am a single guy who lives in a three-bedroom house on the outskirts of Liverpool. I…
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