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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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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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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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NEW POSTERS LOOKING FOR DEBT ADVICE - READ HERE FIRST BEFORE POSTING ANYTHING !!!!!
People post on this board looking for advice on many different debt topics. However its sometimes difficult to post in the right place, so, if you are wanting general advice from our panel of regulars on your debt issues, and how to go about solving them, you create a new thread using the big red "create new" button, top…
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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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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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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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DFW Sticky-Provit/Statute Barred Letters, Defaults, Mental Health 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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Persistent debts built up, 0% periods ending on cards mean its unaffordable - DMP
Good evening folks, I did post in the DMP thread but figured this is possibly worth having my own thread for, so here goes. This month is when I finally stepped back and took stock of my financial situation. Total unsecured debt is circa 70k across a couple of loans and numerous credit cards. I've been managing fine until…
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Help DMP not DRO or IVA-should this be in benefits?
63 year old lady Please don’t judge me being on benefits since my health massively deteriorated over past 5 yrs plus and work issues etc Debt credit cards £9k Car asset paid for - Parkers estimate private £4740 - £5920 (needed as long term Ill health and severe mental health,live out in country very little transport, many…
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Broadband provider final bill sent to collection agency
Hi all, Need some advice on how best to proceed with a outstanding balance with my previous broadband provider being sent to a collection agency. I have several defaulted credit card balances split across 3 or 4 debt collection agencies. I’m a resident in Scotland and they are all due to become prescribed within the next 6…
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SOA questions
hello I am trying to complete an SOA to inform next steps and just have some queries if anybody can help. My partner is joint owner of the property however we have been living separately for over two years due to a severe mental health crisis and during that time (and ongoing) I am paying the mortgage and all bills in our…
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Improved situation but still unstable income — best next steps? Self-managed DMP?
Hi everyone, I posted about six months ago after being been made redundant and my debt was mounting up quickly. At that point I was in a really difficult position, pretty much having to choose between paying debts or keeping a roof over my head, so I stopped paying most of my creditors. I did continue paying a few of the…
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Some advice on debt management and secured loan
Hi all, hope this is the correct place to post. I am looking for some advice on what to do before making a decision. I work as a self employed handyman and have had a tumultuous few years. I lost my mum in 2020 and was left with some inheritance that I didn’t really use wisely, I then sold my house in London which again…
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Advice and help with £28k debts
Hello all. Long time lurker here. I've read and taken in a lot of advice from all you lovely people and have finally decided to admit to myself I need help and advice. To cut a long story short; I've had some form of debt since the age of 18 when banks threw credit around for fun (40 now, time flies). 2009 moved in with ex…
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Bereaved, and now debt collector has written.
I hope this is the best forum for this question. I'm an ex debt free wannabe under a different username who is now debt free. Or i was... My partner died last year, I was the executor of his will and there wasn't even enough to cover his funeral costs. He wasn't named on the deeds and had no savings or anything. He had…
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Which one do I do?
I would appreciate some help. Background In 2007 (or it might have been the year before) I got a credit card with M&S. To try to help with my debts that were starting to build, in 2008 I applied for a credit card with Halifax and they sent a card and then another card days later. I don't recall asking for a second card but…
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Quick advise please
Looking for help from someone more knowledgeable than myself on behalf of my daughter She bought a flat 18 months ago with a deposit gifted from us and a sub prime mortgage as she has a debt management plan in place (unfortunately via a paid company) The mortgage is due to be re-negotiated in 6 month and although the DMP…
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Credit card transfer
I currently have an M&S credit card with a £5,500 balance that I am paying interest on. I would ideally like to do a 0% balance transfer so all payment paying down balance. Even though I have a high credit score I currently am not working as a carer for my son receiving carers allowance/UC. So thought that it may be better…
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Big Debts - Considering DMP but have assets.
I owe around 25k across 4 credit cards through stupidity and overspending plus an income reduction of £700/month due to redundancy a couple of years ago. I earn only £1700/month net but am paying over £700 in repayments which isn't making a dent due to high interest, then I end up using the cards to make the end of the…
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Awkward: Advice please
Morning all 2.5yrs ago our only car was written off in an accident that wasn't our fault. We got the value of the car, £3000. As we needed a reliable family car, we looked at a car loan to boost the funds. My parents offered ( I never asked) to lend us £10,000, with no time scale to pay them back. We set up a (we thought)…
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Mortimer Clark / Ratesetter
I was wondering if anyone else has had the above lovely combination? I found this one interesting as Ratesetter got bought by Metro during all this and I often wonder how likely it is to get paperwork. Cabot have been quite quick to go for CCJ route, makes me think actually there is no paperwork for them and are trying it…
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Zopa letter
Hi, So a repayment plan I was on with Zopa for 3 months has just come to an end. They have sent me a letter today (dated 17th Feb) informing me that "my loan will soon go into default." But then it also says "Get in touch today to avoid a Notice of Default." So does this mean it's in fact a notice of arrears and I have…
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CCA request
Hi everyone, I posted a few months back regarding making full and final settlement offers on some of my debts and received the advice from members here to send CCA requests to my creditors first to check whether the debts are actually enforceable. I’ve now had a couple of replies back. The responses mostly included…
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Sleepless in Liverpool - worried about debt
Hi folks, I am a bit embarrassed by the situation I have got myself into, and whilst I see from the forum there are other people with much more larger debts than me, it is keeping me awake at night and causing a lot of anxiety for me. So, I am a single guy who lives in a three-bedroom house on the outskirts of Liverpool. I…
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Concerns over creditor contact
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Working towards reducing credit card debt advice
I will prefix this with I am unsure if I should be posting here or CC forum - please could it be moved if deemed to be in the wrong place? :) We have a bit of a stress-on as we are in a bit of a hole debt wise, not helped by my wife currently being on statutory maternity pay, us having welcomed a baby last summer (I also…
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CC Debt Existing Mortgage
Hi All Would just like to ask a question. I have a number of credit card debts, yet to default on any but payments becoming unmanageable and thinking about a dmp. After reading lot of the advice on here I understand it is best to default first before setting up any payment arrangements. I am worried as I have an existing…
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