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Section 77 Discrepancy
Hi, We have made a section 77 request for an old debt my wife is being chased for via a debt collection agency. They have sent a copy of the original signed agreement where you can see some of the terms on there but not all of them as it is just 1 page of the agreement and very small, so we requested the full terms, which…
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Debt Write off and Redundancy -
hi all, has anyone had any luck with getting debts written off due to job loss? We've been informed that our business is closing in at the end of the month. Haven't worked there long enough for any decent payout and am in panic mode right now as there's still a considerable amount of debt against me. I'm looking for jobs…
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Average spend expected by creditors per household
Hello. I'm currently paying off a few debts and am looking to submit a payment review to my creditors soon. Does anyone know where I can get information on what they would expect to see in terms of average spend for my household in 2024? Prices have changed and seem incredibly unstable in so many areas so I'm really not…
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It this Unenforceable
I have “recently” received a letter from PRA who I had been
studiously ignoring for some time, however I called them back and said I didn’t
recognise the debt and asked for details. They put it on hold until 17th of March and this
letter arrived... After the obligatory panic period it slowly dawned on me
that this may be…
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Looking for some advice how to proceed
Up until now I have had no issue paying my debts however I will admit i have been living beyond my means. I have came to the realisation that I need to change my life completely. However about six week ago I was involved in an accident in my van which was my fault. The van slid on black ice and I hit a car oncoming. I am a…
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Settling My DMP but worried as I took out additional debt without telling them
Hi I have recently received a large inheritance from my late father. I contacted Stepchange to pay off my DMP balance with a lump sum. The sum has been paid, and showing in my payments, but my balance remains the same. As this is a large-ish sum, they are asking for evidence of where the sums came from them, such as my…
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Husband's name used by son to guarantee a loan
Hello, looking for help please. A debt recovery company are chasing my husband for loan repayments totalling £15000. This was apparently a loan taken out by our son in which he used my husband's name as a guarantor. My son has not paid anything back and now we are being threatened with court proceedings. We have asked for…
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change bank account
Hi, i have cancelled all my direct debits in the hope of arranging repayment plans with my creditors. I know that its advised you should change bank account if you have any debt with your current bank. I only have a small amount of debt with them and had planned just to pay this off so i didnt need to change banks,…
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Lowell Portfolio County Court Judgement at Previous Address! Also not the creditor!
Hi All. I have only this month learned of a county court judgement which is showing on my ClearScore Credit file I have never dealt with Lowell and there is a county court judgement of £426. I called the court to find out the information. How can a third party take someone to court since they are not the creditor? On the…
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Pension and debt
Hello. Does anyone know if I'm allowed to make private contributions towards my pension plan if I am still paying off a large debt? At the moment I only have a workplace pension which isn't even close to enough for when I retire in about 20 years. Thank you :)
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Late Payments vs Default?
My wife has a loan that she’s fallen behind with and we are trying to work out the best way forward. Circumstances towards the end of last year caused her to fall 3 months behind on her repayments but as things have improved since, she’s now making her contractual payments again, plus a little extra to chip away at the…
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Partner come clean about credit card debt, I'm a novice.
First post here, appreciate any help in advance. My partner has come clean to having around £10,000 credit card debt, £2500 catalogue debt, £4000 left on a loan and every month hitting her £1800 overdraft limit. I completely accept her reasons for being in this position and want to help but I have no experience with credit…
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Debt Settlement and credit score
Hi. If I offer a full and final payment to my creditors and the accept; have the remaining debt written of, how long does this stay on my credit file?
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DRO Fee - Change in budget
Just been announced that the fee for obtaining a DRO is to be scrapped. Excellent news!
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Child Benefit paying back HMRC
Hi, In the 2024-2025 tax year HMRC have changed my tax code to recover the full child benefit amount which I claimed and filled in a self assessment for. I’m a single parent and was claiming for both children and was earning £65k. I always thought thresholds were wrong for a single parent but a couple could earn £49k each…
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Recently defaulted- Need advice on next steps
Hi, all my debts have recently defaulted, and I have a few questions about the best strategy for a couple of them. First, I have an old (opened 2006) nationwide credit card. It defaulted last year, but I made a token payment last month. The account is currently being managed by ARC on nationwide’s behalf. Due to the…
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Being contacted about a default after 6 years
Hello, I have recently moved house and in the last few weeks started receiving letters from a debt collectors regarding a debt of £150 from an old credit card which I was unable to pay years ago. It had defaulted and I've checked my credit file it dropped off a few months back. Can they still chase me for this and what…
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Feeling Like It Is Starting to Spiral
Hi all I thought I would ask for some advice here as I feel like I am starting to lose control of my finances. I wouldn't say I am in massive debt. But heading there non the less. Maybe I am in denial. Maybe I just need to budget better. I am unsure. I have ready a good few posts on here and am trying to come understand…
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Not informed about default on file
Hi there. So a few years ago, I lived in a flat above a shop. I didn’t have access to my post or gas/electric meter. At the time, I disputed with British Gas about the amount I owed and I vaguely remember it being sorted. I’ve been trying to improve my credit score and just recently, this default has showed up from 4 years…
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Paying out more than I can afford
Hello, a newbie here i have been a complete fool, cost of living has kicked my bum, nursery fees, dropped hours in work has led me to take out loan after loan, credit card after credit card and now I’m paying out a lot more than I can afford and I’m riddled with anxiety, not sleeping and unable to talk to anyone about…
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