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17 year old debt, token payment and sudden threats from debt collection company.
Hi all, My brother took out a loan around 2008 and a few months after suffered an accident which left him disabled and unable to work. My mum took up the mantle to prevent him getting CCJ'd by paying £1 a month to Cabot. Which she's been doing ever since via standing order. Apparently, they have sent letters periodically…
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Bounce Back Loan Default
So, I have a bounce back loan, it was taken out as a sole trader. I'm currently defaulting on all my credit cards and loans since i just can no longer afford them atall, I've had my first default show on Experian for Vanquis. I received a letter today from Moorcroft to say they are acting as collection agent for the bank…
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Affordability complaints - advice needed please
Hi everyone, I’m looking for advice from anyone who’s been through the affordability complaint process. I’ve submitted a few complaints, and two are now with the Financial Ombudsman Service. PayPal has offered a goodwill gesture of £350 on a £2,300 balance. I’m not sure whether to accept it or keep escalating, as I feel…
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First steps
Hi - This is my first step to accepting I have problems….I’m struggling with spiralling debt, mainly credit cards. I’m not yet at a point where I can’t afford to pay them off, however if I carry on I will be. I’ve been debt shifting for years, 0% to 0%. Without actually reducing it. My spending habits are bad. However…
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ACI UK - Sent Prove It Letter - Still getting calls.
Morning All, Recently I received a letter from ACI-UK Stating that I owe £568 to HSBC. I have no recall of this debt owed and nothing is showing on my Credit Report. This could quite possible be from my youth some 20+ years ago now! I therefore sent a "Prove It" Letter via Royal Mail signed for 1st Class, of which was…
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DMP is it a good idea?
My husband is already in a DMP, and now I’m struggling with my credit cards and loan payments, which total around £35k. I didn’t enter a DMP myself at the time because the mortgage payments were coming from my account. If I start a DMP now, will it affect our ability to remortgage in four years’ time? And how long will it…
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Affordability complaint win - what tax do I pay?
I had two loans with Lendables that won affordability claims. They never sent a detailed breakdown of the refund just that they removed charges and interest and give refund of 8% simple interest. They added “We've deducted income tax at the basic rate from the interest included in the refund” So does that mean I’ve paid…
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Debt Company Issues
Recently moved into a property in August, with outstanding utility bills being addressed to myself and co-tenant from June. We were told by power company to ignore the letters as they were faulty however this then resulted on us getting handed over to debt company, who rectified part of the issue and managed to get a…
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DMP and irresponsible lending complaints
Thank you to everyone who gave me advice regarding my earlier post, I hope you don't mind but I need a bit more info if anyone can help id be very grateful. So I posted last week about having £43k of debt ( take full responsibility of bad money management) racked up after separating from my husband. So I received the good…
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credit card debt management
Hi, I am trying to find out what would be the best steps to start clearing some debts. Here is how it stands at the moment: CC4260interest8260interest free6710interest2400interestloan2626overdraft1130 I have managed to shift 8260 onto an interest only card but i am reluctant to apply for another interest free card as the…
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Desperately need help
We have been struggling since Covid badly reduced my wife's freelance earnings but there were still the same bills to be paid. We lost about £800 per month for more than a year and managing became robbing Peter to pay Paul. In April, we headed south (into the Irish Republic. We live in Belfast) for a five day break (all…
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CCA request - Postal Order question
Hi! I’m getting ready to send out my CCA requests. I got these £1 postal orders which don’t have a recipient and are uncrossed. Do I need to add anything else before adding to my envelope?
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Business loan PG being enforced - Solaris debt collectors demanding payment or court - help!
My business used Capital on Tap for a loan. Unfortunately, the business went downhill as a result of the COVID Lockdowns, and I’ve received a letter from Solaris Law, representing Capital on Tap, informing me that they intend to pursue me personally due to a personal guarantee I signed. (I don’t recall any mention of a…
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Barclaycard sold to PRA
So with the help of this lovely forum I've been making real inroads into my debt so far - Zopa card irresponsible claim upheld and removed from credit report, Updraft 2 loans irresponsible lending upheld and removed from my credit report, still need to pay them back, but interest removed and not reported so a small win for…
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Not my Debt: Bailiff Action
Hi all My son (aged 20) has a car parking fine from a Council. He hasn't paid the fine and the Council are threatening bailiffs. My son is now at Uni. The debt is registered at my home address where I live, and is my sons permanent address when not at Uni. I am not going to pay his fine for him and he needs to sort this…
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DRO - Paying off part of my debt to meet criteria
Hi all, I meet the criteria for a DRO except my debts total £70,000. The maximum limit for a DRO being £50,000. I could borrow £20,000 from family to bring me under the limit. Is this frowned upon? I have read that I could be refused a DRO if I did this. Does anyone have any experience of this? Many thanks.
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Help with self managed dmp 80k CC and loans
Hello ive been browsing topics on this site for a while and reading up on all the advice . My story is a follows , two years ago I lost my eldest daughter to cancer at 6 years old . Due these circumstances having to take time of work and after my wife was unable to return to work as she worked in a primary school and found…
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CCJ Judgement from unpaid loan
Hi all. I'm not sure if I posted this in the correct category. Adding my questions at the top: - Is it normal for stays to be removed and judgement entered on the same day? - Is it normal for a judgement to be entered a second time after submitting an N244? - On a personal note, I really feel that the solicitor begun…
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Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
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What’s the best debt solution?
Hello, I’ve tried to do an SOA and confused myself thoroughly so I thought I’d just begin. Up until very recently I was poised to go into an IVA. My financial circumstances have changed drastically and I now have more income than I thought. My partner’s finances are separate to mine, and have to stay that way because of…
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