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Tesco Bank default error
Good morning. I’ve received a letter from Tesco Bank stating that they made an error as they failed to send me the required notice of default letter before terminating my credit agreement and recording a default on my credit file. They have now enclosed the required notice of default letter. My intention is to enter a DMP…
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DMP Interest and Charges
So all of the advice on here is to allow CCs, loans and other forms of credit to default before entering into a DMP. I get this is because the defaults will fall off credit report sooner than arrangement to pay markers would… My concern is that if I stop making minimum payments on current debts and wait for them to…
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DMP and defaults
I've applied for a DMP with StepChange. 1. Should I have defaulted first? 2. Does default simply mean missing payments or paying less or is it other official action? 3. I regularly have made payments albeit sometimes minimum and now have stopped whilst I await DMP outcome. I'd regularly pay then reuse the credit as I'd be…
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Debt Management Plan
Hi All Today I took the step to enter a DMP with over 60k debt across 6 lenders. I have agreed to pay a good amount back but still awaiting whether the creditor agree to the payment amounts by the the company I am using. Has anyone had any situations where the creditor declines the payment amount? Really scared and worried…
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Default notices
Hi, I am starting to receive default notices. Please could someone advise me if I need to engage now with the original creditors or wait for the debt to be sold on? I am hoping to enter into a self-managed DMP. Thank you
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DMP & Joint Account Closure
Long time lurker, first time poster. I've amassed £32,000 debt in the last three months due to a terrible gambling addiction. I've now registered with GamStop to permanently self exclude myself from future betting. I'm looking to start a debt management plan with StepChange once my existing debts have defaulted and I've…
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Mortgage questions and debt management plans
I've recently completed a debt management plan, paying off close to £65k over the last 5 years, and I've been looking at the possibility of a mortgage rather than continuing to pay rent. I'm 53, so time is not on my side. I've got approx. £10k deposit available right now, and I started looking at mortgage options, but I am…
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Help please if possible many thanks
Hi all - I am new to this site and would like some advice if possible. I will try to set to provide the headline and my question: Due to a gambling addiction that has recently been acted on I have unsecured credit card debt. I want to pay it all back but need the interest frozen to enable to do so. Min payments have been…
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Help with sale of house funds
Hi everyone, I'm looking for a wee bit help please. My mum recently had to sell her house due to her finances and she is now in a emergency accommodation.She has a little money left from sale of house and wants to clear her debt with it. Council tax and energy are completely up to date but she has a large amount with…
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Newlyn Notice of Enforcement for Mother in law
Hello, I'm hoping someone can help advise on this. My mother in law went into a care home in April 2016. the home she shared with her estranged husband was sold the following year. He has since died. We didn't deal with house sale or any bills. Myself and my husband have an LPA for her. Completely out of the blue a letter…
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Default on credit file
Hello I’m in a bit of a confusion with welsh water, I rented a property and always paid the bills there no problem but when I moved out in august 2021 it was a bit hectic for me. Apparently I did view the last bill online but I never paid it, they showed proof I viewed it in mid august 2021 and I get paid end of the month…
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Opos
Hello apologies if I’m not posting this in the right place. I received a letter today from Opos saying that they have been trying to contact me regarding a debt to RBS for a credit card outstanding balance of £360. They have contacted once me a couple of months back to inform me that they’d taken on a debt but I did not…
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CapQuest & Resolut
So on April the 5th 2024, I received a knock on my door. An agent from Resolut working on behalf of CapQuest. The funny thing is the debt they're seeking to collect was already paid in full in 2015. A debt collection agency came after my Littlewoods/Very debt 3 months before the 6 year limit was reached. Having already…
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Debt advice IVA or DMP
Hi newbie here just looking for some debt advice. I have a considerable amount of debt 48K across 8 lenders all unsecured credit cards, store cards and loans. I have had to give up my job to become a full time carer for my son who has a disability so my income will be heavily reduced. My son gets high rate care DLA so I…
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DMP vs. Second Charge
I am currently in a situation, which I am quite scared about to be frank. I have never thought of ourselves as living beyond our means, but recent events would state that we have been doing it for years and now I feel trapped. I am trying to work out how to move forwards without screwing myself over further and getting in…
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Notice of Enforcement for Slough Council from 7 Years Ago
Hello 👋 I am seeking urgent advice, Please. I have just received a letter through my post from Stanford & Green civil enforcement dated 10 May 2024. I am quite shocked by this as I have no knowledge or prior correspondence about this. It came with my old name before divorce. I left Slough Borough in early 2016 after…
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Partially Satisfied
Hi One of my creditors has written to me today telling me they will write off 80% of my balance if I pay the remainder in full by the end of may. The has not defaulted but has had late payments. If I accept this offer, what impact will it have on my credit file? I can only find information about partial settlement on…
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DFNLWs - what did you do next?
Are you one of our fantastic Debt Free No Longer Wannabes? :) For even more inspiration for our DFWs please come back here and let us know what you've done next. Are you now a Mortgage Free Wannabe using our Mortgage Guides to help clear yours? Or are you building up your savings with the help of the Best Savings accounts…
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How best to use a lump sum and going forward
So apologies for the long post but I am hoping with the info a short term and long term answer can be achieved. Initial summary is we have a lump sum of money coming(around 20k) in the next few months and I am wanting to know how best to use it that will help in the short term and also long term. Area where I could use it…
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Default all?
Hi all I am in need for some amazing advice. I have accumulated quite a bit of debt during my 20s (end of 20s now and making better financial decisions). This resulted in massive amounts going out in direct debits every month for mainly things that are on credit or credit cards. I have a car, insurance, house rent and…
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