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DMP mutual support thread part 13 !!
Welcome to the DMP mutual support thread Part 13 !! Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for. There is help on getting interest and charges stopped, how to start with an…
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Charging Order? The myth
I feel that this is so important that I thought a new thread should be made to highlight the importance of understanding the law on Charging Orders and how many people are stuck with their property in the false believe that they have had a Charging Order put on their property. In particular the thousands of Northern Rock…
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Struggling with debt? Ask a stepchange debt adviser a question
If you need help with your debts, this is the thread for you. This is a new thread, as the old one was getting a tad long. Trained advisers from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! There are three ways to get in touch: 1 - Simply post…
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The Debt Free Roll Of Honour
Update December 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below. To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion Back to Martin's original…
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In Debt and Wannabe Debt Free? first Steps to take are here, please read, then ask questions.
This thread provides guidance about some good first steps you should take if you are in debt and want to get debt-free. It doesn’t matter how big or small your debt is, or whether you are comfortably paying your debts and looking for advice on where to cut back further or struggling to cover your basic needs - we are here…
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Reclaiming money back from various payday loan companies
Hi all just wanted to share some good news regarding payday loan companies..... From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20. Early this year I saw all the news…
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Pls remember Debt-Free Wannabe's for support and help not judgement
Martin (Lewis) made the following announcement a few years back. But the link in the stickies is broken. Anyhow, here is what Martin said: "Dear Money savers..... Debt Free Wannabe is one of my favorite boards on this site. It's also one which runs a delicate balance. Many people who have serious debts have hidden them for…
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Debt-Free Wannabe Sticky - Provit & Statute Barred Letters, Defaults, Help and Guidance, All Here...
Debt-Free Wannabe Sticky - Please read for links to important topics and help Hi folks :) This is the Debt-Free Wannabe Sticky where links to all current important tools and information will be posted. Links: (1) Those who are new to debt, and want to know where to start, check out these first steps :…
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Statute barred debts and the Limitation Act
Statute barred debts and the Limitation Act Statute Barred debts. A debt will be "Statute Barred" if there has been no acknowledgement of the debt by you making a payment or in writing within the relevant limitation period. The debt would then be legally UNENFORCEABLE, unless the creditor has already taken legal action…
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Likelihood of CC refunds
Hi! Just wondered if anyone had any experience successfully challenging irresponsible lending? Virgin allowed a second CC so debts are 3k on one and 17k on another Barclaycard increased limit and debt is 17k all with other bank loans and smaller CC debts. Mental health was a big factor as well as gambling and I’m just…
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£15k debt, no income until May - best course of action to take here?
Hi there Owing to some stupid overspending when I was in my early-mid twenties, and then constantly dipping into other sources of finance to avoid sticking to a budget, I've now found myself in £15,179.09 worth of debt, split between credit cards, overdraft, a PayPal Credit account and a couple of nasty payday loans:…
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Barclaycard, irresponsible lending
Been following for a while and am currently self managing a dmp. I first took a credit card out with barclaycard in 2012 due to being pregnant at the time and needing baby stuff. Since then the credit limit has increased. at various points I'd paid it off and then racked up more over and over again mostly always paying…
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Barclaycard sold to PRA
So with the help of this lovely forum I've been making real inroads into my debt so far - Zopa card irresponsible claim upheld and removed from credit report, Updraft 2 loans irresponsible lending upheld and removed from my credit report, still need to pay them back, but interest removed and not reported so a small win for…
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Divorce & Debt
Hello, I’m not sure if this is in the right category but I’m looking for some advice regarding my current situation. The last 3 years have been difficult to say the least. in 2022 I was in a well paid job, married & a homeowner with mortgage. I got depressed & became reckless with my money. My wife left me in January 2023…
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DMP for £60k worth of debt...ready to tackle this!
Hi Everyone – long time lurker about to embark on my self-managed
DMP journey. The main point of my post is to explain how I’m going to go about this, for you
guys to tell me if there’s something I can do better or in a different way and
questions that I have. Are their any tips you may have to help this all go smoother? I…
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Drowning in debt
Hi, I have got myself into a nightmare of debt and I don't think I can pay my way out of it. The reasons for it are a combination of being self employed until last year, lack of money coming into the business and my own recklessness with probably a bit of depression to add. I ceased trading last year and now am employed,…
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Repayment Plan for Overdraft
I have held a Santander account with an arranged overdraft for 25 years. I now live with my daughter on a reduced state pension. Since my husband died the overdraft has crept up to £1300 and now the bank want me to repay it. I have offered them £25.00 a month (the amount I was paying in interest each month). The first…
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Link threat of legal action
Hi, I would really appreciate some advice. I was in a DMP from 2012 to 2020, I wrote to all creditors in 2020 asking for the CCA, none of them could produce. Some accepted F&F, some didn't. Of those that didn't I've either heard no more, or had the odd text/email/letter letting me know the debt is still outstanding. Link…
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Mortimer Clarke chasing after many years
Many years ago ( about 2007 ) I got into trouble with a Marbles credit card and ended up with a Ccj ( I think this was between me and HFC - who owned Marbles ) for about 8k ( no judgement please I was in a terrible place ). As I was in a terrible place ( drowning in debt with an alcoholic husband who drank most of our…
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unknown debt request from arrow
hello we received a letter dated 11/10/2024 from a company called arrow, no idea who they are... the also had another letter inside from a company called opos.. both letters was claiming that they took over a debt on 1/06/2023 and say we owe a debt of £250 from Shop Direct (Carval).. that of we have no idea who they are…
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How long can conumser debts be legally chased?
Hi I was looking to get a bit of advice. I entered a DMP back in 2011. After initially repaying a
smaller amount for 5 years, I was able to work with most of my creditors (original
and those the debt was sold to) to arrange a final repayment to close the
accounts in 2018/19. One creditor (who is the 3rd owner of the…
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What small things will you do this week? W/C 24 March
When we start 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 in…
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Debt collectors help
Hi, I am after any advice on my current mess of a scenario of debt. I'm not really sure what to do. I have currently defaulted on all of my unsecured debt about 63k in total, and have buried my head in the sand with it as its all a little overwhelming. Me and my wife are jointly dealing with this although she is having…
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Letter Of Claim from Kearns Solicitors
Hi, After some advice on my next move. I've received a 'Letter of Claim' today from Kearns Solicitors for a loan I originally had from Lloyd's in 2012 but was then assigned to Link financial in 2018. They have provided a reply form which has 4 sections. The first section being 'Do I owe the debt'. I know had the loan and…
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BW Legal CCJ
I received letters/emails from BW Legal for unpaid thames water bill. I passed it on to person responsible for bill which is in my name at my property. Cut a long story short person refuses to pay so I wrote to BW Legal explaining that as its in my name I will pay and proposed payment plan which i started in Feb 25. They…
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DMP
Hi, on previous posts I've been on breathing space which ended yesterday, but now expect to start being chased for payments for the last two months I've missed, Been told best to not start a DMP until default letters come, but so far have only received arrears notice letters, but trouble is I have a close family member…
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Debt Help
Hi there. I was looking for some advice and hope you can help. We seem to have no spare money left after pay and our bills/expenses are more than our pay. I think we pay around £1000 in credit bills each month. We are up to date with all payments but it seems to be a struggle and we are looking for some help. Sometimes we…
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Is there anything I can do about this debt? - time limits/enforceability
I am currently paying a small token payment monthly to Link Financial for a debt that would have been incurred over 20 years ago now. To be honest I can't even remember what it's for. The remaining balance is several thousand pounds. Due to life circumstances I will never be able to repay the full amount or settle for an…
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Full and Final Payment Offer - More information required
I have been in a debt management plan since August 2018. I originally had debts of circa £37k with seven different creditors. As at September 2024 my debts are down to circa £15.5k and just four creditors. Defaults for 3 of the 4 creditors will fall off my credit file between February and April next year. The other default…
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