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Debt consolidation advice
Hi. Very new to this. I have 3 credit cards. 1. £2800 2. 600 3. 2100 (£5400) i dont have any problem paying off the minimum payments every month. But i know. This is all interest. I’m looking at how i consolidate them all without an iva. I dont no the apr on them. But i think around the 26apr mark. I’d like to just get rid…
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Need advice re Step son taking out loans and getting into Debt.
Hope i have posted this thread in the right place but did not know where to put it. I need some advice please as i am starting to worry a lot about my 23 year old step son who is living with us in our home. he and i have the same name as when i met his mum some 15 years ago step was called the same 1st name as me and later…
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Inhibition
How long does inhibition last as I have one and they keep renewing it every 5 years I had a citi card and was paying Regularly but then had a stroke. The debt keeps getting passed on and is now with Cabot finance. My health is really poor but the solicitor acting on their behalf said they won't accept the settlement figure…
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David Lloyd clubs and ARC Europe
Hi there, I came into financial difficulty at the end of March last year (2023). I worked as a contractor for a friend's company and it got ended early (i didn't enforce it since I didn't want to cause any detriment to my friend and his company). I was a member of David Lloyd Clubs since January 2023. And had rarely used…
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Credit card debt
Hi everyone. I only found out 2 days ago that my husband has run up credit card debt on 3 cards. He's been paying the minimum amount on each but not making much of a dent on the debt. I'm heartbroken as I thought we were doing OK financially. I've always saved, never been in debt myself etc. We have a mortgage together…
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Help, my DMP is eating me alive! (need to save up some money while on DMP)
Hello everyone and thank you for all your activity here. Thanks to you I’ve found out that I don’t have to sell my body organs to pay my debts back. So here is my situation: I am a Polish citizen, who had a nasty last few years. Been working full time, but had to take care of my mother who got sick and that meant getting…
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DMP, IVA, DCA??? HELP!
Hi everyone, Been lurking around on these forums and posts and trying to get an idea of who is in similar position to myself. Little bit about my situation: 50k worth of CC debts, across 6 cards Shared ownership home with my wife and 2 kids (75% rent 25% mortgage) Decent car on PCP with 40 months left to pay on that I've…
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Car Finance 50%
Hi, Ive got a car on HP which im no longer able to afford. Can i hand the car back and make arrangements with the car finance company to continue to pay up to the 50% mark? Thanks.
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Advice needed regarding making offers...
Hi, sadly I am here again, after being debt free for a good few years. I hope this is the correct part of the forum to post. I have 4 credit cards, all on hold or in default and two with agencies. Next month I will have a lump sum settlement, not enough to pay all the debt off in full but to be able to make quite…
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Moving from StepChange to Self Managed DMP...
Hello all I've been on a DMP with StepChange for three years and my debt currently stands at £2,555 and I owe to six creditors - four are with debt collection agencies and two are still with the original creditor. SC have been brilliant and a life saver at the start of the plan - the thing is I have been considering going…
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Multiple joint debts and banking query
Hello all. Myself and my husband have came to the realisation we cannot afford to pay off our debts - we are spending far more than is coming in and have been finding we are paying our CC's just so we can then use the money for food shops etc. We have got ourselves into such a mess trying to clear off one debt, by securing…
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What to do with £10,000 if I have a mortgage and loan
I have a mortgage with 20 years and £145,682 outstanding. Interest is fixed at 1.19% until Dec 2026. I have a 5 year loan for £30,000, (4.9% APR) which I'm 12 months into and there's £27,036 outstanding. Now the good news. I have £10,000. Do I:* Overpay my mortgage by £10,000 * Overpay my loan by £10,000 * Neither, invest…
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Settlement with creditors
Hello all after coming on this forum at my wits end 2 years ago I set up a DMP with StepChange who have been absolutely amazing our debt was a mind boggling 95k and after a lot of patience we are now at 35k still a lot but not long to go. We are due to come into some unexpected funds and the focus is now on clearing the…
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Looks like PRA have won
after sending cca requests by myself and wife in October to PRA regarding Barclaycard credit card account debt if roughly £6000 each. they initially said it was unenforceable due to not finding statements for mine and the credit agreement for my wife. yesterday, they posted the agreement bro my wife and 2 years worth of…
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Interest changed after default notice
Hi all, I received a default notice for three of the old style (Mortgage) student loans just over two years ago, this was despite me being on a payment plan through Step change for the eight years previous. To add insult to injury they've been charging me interest from the inception of the step change payment plan to the…
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Now struggling with debt
Hi, I am now struggling with debt. I was going to use StepChange. Can anyone recommend any better company who negotiates for the debtor more?
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Advise on situation involving CC and housing.
Hello all. I was advised to drop this post over here from the housing section. As said it may be better suited. I’m hoping to get a bit of advice for a situation I’m in. Without going into to much detail my partner and I have split up and I need to find a new place to live. The problem is private rental pricing is crazy…
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In debt crisis and not sure what step to take next.
Sorry for the long post - I just wanted to make my current position and how I got here clear. I've been in debt since 2008 despite my best efforts to live within my means. I've been self employed but it's always been a small business with the intention that eventually I would go out and get a "normal job" when my son went…
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Help advice needed
I am getting these weird and assuming spam texts. I have had 2 from a firm called Harley legal who when I spoke to them said enforcement officers were coming round to collect goods if i didnt sign up to a debt management payment plan with a compnay (they happened to be able to transfer me to a firm who has no links with…
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Utility point Debt - EDF
Hello i was a Utility Point customer for energy when they went back at the end of 2021. I migrated my supply to Octopus shortly after this. The final ultility point bill is as issued by EDF, however the bill was incorrect. I received confirmation from Octopus that the meter readings UP / EDF used were not the readings that…
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