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Getting a default date changed after being sold on
Morning all, I wondered if i could pick your brains for advice on what i may be able to get done for my default. I entered into a DMP with step change in April 2020. I had 4 creditors that all accepted it and removed interest and charges. One of them defaulted me within 3 months (mid July 2020) which is completely expected…
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6 Years Later - An update on £100k+ Debt
In December 2016 I posted this thread: https://forums.moneysavingexpert.com/discussion/5573798/huge-amounts-of-debt-advice-on-dmp-needed/p1 I had just found out that my wife at the time (no longer married) had hidden £50k in credit card and loan debt (I later found more - it actually turned out to be closer to £80k) and we…
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Old Debt 2019 Barclaycard
I have a Barclaycard debt for £7000, I had help from Step change Charity in 2019 to repay my debts. They contacted Barclay Card to stop the interest and froze the account for me to pay back. I then defaulted in 2019, COVID came I had a baby and moved house and I completely forgot about it until recently when I searched my…
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Book recommendations on budgeting?
I feel utter despair at my financial situation. I am 45 and still seem unable to budget. I used to "binge spend" to comfort myself although that's got a lot better (I paid off £17k of debt!) I still seem incapable of managing my finances. I paid myself a salary a week ago and by the time everything goes out I'll be £200…
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Feeling desperate
Hi, my wife and I currently have a mortgage of £110,000, a secured loan of £24,000, two personal loans, one in each name of £8000 each. My wife has three credit cards totally £ £6000. We are due to go onto a new deal or variable rate in December. My wife is unwell and has mental health issues, other issues and ADHD (hence…
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PRA Group - How to respond?
Hi, I received the attached text from PRA Group. After quick search I realise they are a debt agency. But this is the first I have heard about it as I have no debts (that I am aware of!!) Another thing to point out is that I received this not on my main mobile number that I have used for years, but on an O2 PAYG mobile…
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Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
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Credit Card Arrears Scotland. Lender Wants Me to Fill Out Their Budget Planner.
I have built up approximately £14400 of debt spread over 4 credit cards, and an overdraft. In the past year I started struggling to pay the credit cards, and stopped paying them roughly 4 to 5 months ago. I am coming to the end of the ‘breathing space’ arrangements for the cards, and now have to setup some sort of payment…
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Handy guide to choosing a debt solution.
here is the Christians Against Poverty quick pros and cons to various debt solutions. ( zoom in) note the DRO fee is now free and the limit now £50000 and vehicle limit now £4000 thought this might be useful as a sticky
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Gambling and Debt Management.
Hi all. Long story short. I have had a gambling problem for many many years. Previously never borrowed to gamble and always paid my bills. However recently I have made a mess. Current debts £36k personal loans. One loans provided by current account provider that was aware I had a gambling problem for months and years prior…
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End of my tether
Hi all. I’m really struggling with my debt that is spiralling out of control. I’ve had issues with gambling in the past but am resolving this. I have 4 credit cards and a loan of £9k totalling around £23k. I’m also going through a divorce where I will be getting some equity but when is another question. I just get paid and…
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Trapped in Credit Card Debt
I have a debt of £12,250 across 3 credit cards. The interest and payments on them are killing me and then I have to use them again to cover costs I can’t pay so I’m in a vortex that never lessens. I checked my credit score here which is very poor and I have 0% chance of switching cards. I’m desperate. What can I do? I…
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No option to balance transfer
Hi I have about £8500 on credit cards, I desperately want to change to 0% balance transfer as I'm only making minimum payments and the intrest is just 🤯 however due to poor credit history no one is able to offer it to me. What's the next step .. do I try and pay off the highest Aprs first? Or do I pay off the smaller cards…
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Always on the back foot
Hello! I feel as though I'm in a never ending rutt and could do with some advice! My relationship with money has never been great and I am so desperate to make money work for me, rather than feeling as tho I am constantly chasing it! A bit of background: I live in a rented, 2 bed house in Kent (which I mention only because…
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Aci/my jar
Was wondering if anyone could give me any advice about a loan I took out with my jar, years ago, I'm being hounded by ACI for payment of £1212.40, I don't think the loan was as much as that, its saying that my account will be referred to TM Legal to commence legal proceedings against me or a home visit to verify it's me or…
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Advice regarding saving for a Mortgage whilst on DMP
Hello It's been more than 6 years since I started my DMP and my credit file now looks better. I managed to get some of my debt cleared too via a Partial Settlement using money gifted to me with some of my creditors but PRA Grp wouldn't accept, so I still have 7K of debt with them. I recently moved in with my partner and we…
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£127k of Unsecured debt
Hello, been following this for a while, and have numerous accounts that have stopped paying since end of January looking for accounts to default. Sadly the title is not a typo either. No defaults are on credit file yet, two notices of default have been sent for accounts with Natwest. Today I got a letter for each account,…
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Urgent agents say coming today
Hello, I’ve posted before and am managing my debts on my own debt management plan. I have a few loan debts and I sent my first F&F offer last week (yet to hear back). This morning I awoke to the message below which is to do with a debt I haven’t even been told has gone into default yet! I’ve rung the number on the text and…
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Voting address
Pardon me as I attempt to word this correctly. I stay in a four in a block. On my credit check it regularly tells me that im not on electoral roll but i recently voted however the address is different. For the purposes of internet stalkers i stay at 18a and always use my address as 18a but on some, like register of…
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Debt advice needed please!
Hi all, Appreciate there are hundreds of these threads kicking about but didn’t want to hijack. My wife and I are both in debt, collectively and individually, and after many months spent worrying and working things out, we decided, after reading this forum, to do what many others have and stop paying with the eventual aim…
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