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Santander mortgage approved
As a wee bit of hope for anyone with a less than fantastic credit rating. I finished my DMP with stepchange nearly 6 years ago. It was 44k all in and took me 5 years to pay every penny back. We got approved for a mortgage on our dream house yesterday with santander with an 85% ltv, mortgage is 280k. I just wanted to…
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Disputed Barclaycard Debt - Hoist Finance
Hi Guys A few weeks ago I asked for some advice on my partners disputed debt with Barclaycard after initially sending the provit letter. He continued to get letters chasing paying the debt even though they acknowledged that it was unenforceable but we sent off the statute barred letter after receiving some advice from a…
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Decade old overpayment of wages and an Enforcement of Judgement order.
Hello Folks. I require advice. I once worked for the Northern Ireland Civil Service and left in 2010. Some years later they contacted me saying I had been overpaid on my last wage and to give it back, I forgot all about it and have moved house several times since. They did get a hold of me some eight years ago and I made a…
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DMP or IVA
Hello, I have managed to rack up 20k on credit cards and am now struggling to the pay anything other than the interest due to current fuel and energy prices. I need to recover some disposable income so am considering either a DMP or IVA. Having spoken to two different financial advisors who both sided on opposing sides of…
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DCBL collection letter received - disputed amount - isn't due
Hi, I received a letter from DCBL today for debt collection of £109.11 on behalf of Horizon Fuels. They did not include any reference to the actual debt or how this sum was calculated. I'm assuming it may relate to a Fuelpecker fuel discount card I had as a member of the Caravan and Motorhome Club. I had a long drawn out…
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Feeling Proud and Motivated!
So last September I finally faced up to my epic debts! I have always been able to pay them and have a good credit rating but they were not going down any. I gave myself a kick up the backside, started to budget really well and started paying them off. My total debt was an obscene £29500!! I have just updated my spreadsheet…
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Debtline numbers don't match my Excel numbers? (reposted with corrected info)
I'm probably being a bit daft (i was blonde once upon a time!) but I've just spent time putting my numbers into the Debtline system, and their "total outgoings" figure is different to mine, as are the figures in the SOA template (below). Are things like gifts / clothing / savings added into the committed spending figure,…
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NatWest DMP
I have set up a DMP with PayPlan. Meanwhile, NatWest have decided to pull my overdraft - a measly £250 They are sending me letters, text and scary emails Do I allow this to upset me or do I just go with the dmp and accept that they are getting their token payment of `£1 until January By withdrawing my overdraft, does that…
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Credit card debt solution
Morning, I have got 3.5k debt 0% credit card and 2k I owe to my parents which I can repay anytime (car replacement). No other debts apart from the mortgage I repay monthly. I was thinking about taking 6k loan to repay my card and parents. Any advice? Thank you
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Absolute worst case scenario
Good afternoon, Thank you all for the amazing advice you all gave me on my first post a few weeks ago. I've taken a lot on board from what was said and have decided to move forward with my life, and without going into too much detail in order to do that I think its best if I apply for bankruptcy. I'm currently on a DMP and…
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Pay off debt or start emergency fund
I have just received a letter saying Barclaycard are giving me a refund of £566 -something to do with interest and charges paid on my last DMP. Shall I pay this off my 12k debt or start an emergency fund currently with PayPlan and token payments until Jan 2023
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Stepchange Review in deficit
Hi I have a joint DMP with my wife. She did the annual review and it showed a deficit and she couldn’t continue with reducing the monthly payment so left it in progress. Stepchange have noticed this and suspended the direct debit for August and its due on the first of the month, because it’s not their policy to take money…
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Wescott/Link settlement
Currently have a debt of 18k off an old Halifax loan, defaulted 5 years ago. Haven’t paid much at all in the last year or so. Previously tested the water with a settlement offer and they came back with a 20% discount offer. looks like Link are a bit stubborn, realistically what is the best discount I can hope for? They…
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What Small DFW Things Will You Do This Week 25/07/22
When we start out on the DFW trail we do loads of "big stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of progress, when…
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Best (free) budgeting apps
Hi, Does anyone know of any good budgeting apps that are free or very low cost please?
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Creditor threatening CCJ
I have had correspondence from Moneyboat Pay Day Loan Company today. They have my offer of £1 a month until Jan 23 but they have not received PayPlan's offer yet saying the same. They have not accepted my offer and have asked for £60 a month (£700 total debt). I replied that PayPlan will be in touch offering the above but…
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Help please
Hello, Apologies for any errors I'm sight impaired. I'm trying not to have a complete meltdown. I'm disabled, receive high rate PIP. I work over 40 hours a week & manage to juggle everything quite well. My husband has long covid. He's frontline & we have been very fortunate that he has been on a covid scheme & received…
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Secret Credt Card
Hi, my OH has no idea about money whatsoever. He remortgaged the property so many times in order to clear his debts. He's been bankrupt and we had to go on DMP in 2009 when he retired early due to ill health and I carried on working to clear his debts and pay off the mortgage. We're finally became debt free (apart from one…
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Hcollect Help
Hi, I'm wondering if anyone can help. We were recently contacted by Hcollect about a debt they are acting on by an acquisitions company we knew nothing about, I wrote them the template letter that's out there saying we do not acknowledge the debt and know nothing of it, and asked for what proof they had that this was our…
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Coast Finance based in Luxembourg so the financial ombudsman can't help?
Hello again. My second question today - thank you for reading! Coast Finanace are writing to me every few weeks stating that my account with them is in default and that I need to contact their recoveries team or face 'further action'. I am paying them a fixed amount each month without fail, based on the amount that I was…