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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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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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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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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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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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My debt story - looking for a bit of support
Hi all, I’ve been a long-time lurker on here but finally plucked up the courage to post. Looking to tell my story for bit of support and some honest perspectives and maybe offer some support to others Over a number of years I built up a large amount of unsecured debt (6 figures) across credit cards and loans. It started…
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Irresponsible lending
I've started a self managed DMP and awaiting my first defaults…I've put in irresponsible lending complaints to FOS and all have come back negative mostly saying that although wages were not checked adequate checks were made via my credit score and as I had always managed my accounts well, so my question is can I do…
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Overdales CCJ issued advice
I’m looking for some advice regarding a situation with Overdales that’s now escalated to a CCJ. The original debt was around £1,800. I made an initial offer to settle at £900 (which I felt was reasonable given my circumstances). They came back with a counteroffer of 70%, but they refused to negotiate beyond that point.…
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Urgent Debt Advice
Hi all, new here so thanks for accepting. I am looking for advice please. I have around 35k debt and looking for best advice to clear. I am working full time and have no assets (no car I own or house. I live with partner and have a baby. The house is a mortgage in my partners name only and I just contribute towards bills…
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2 payments left on 34k DMP ...now really cross
Hope this is ok to post. Just a safe space to rant. I have spent the past 4.5 years in a managed DMP and have 2 payments left then it is all done and dusted. 34k paid back. I am incredibly proud of that. The past few weeks nearly everyday I have had letters through from various card companies all offering me 0% finance…
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Super scared about my debt options
Hello, First time posting, have been reading these forums late into the night to try and work out what I’m going to do. I have about 38,000 worth of debt which has been accumulating for about 10 years. I’ve never missed a payment on my 1 loan and 4 credit cards but because I can’t access any more credit, I am paying large…
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Self managed DMP advice/help??
Evening everyone. This is my first post here after reading only for months. I am intending on doing a self managed DMP & have already ignored my lenders for a few months. Today I received a letter with my first default from “Creation” which I have a loan with. I have copy & pasted the main part of the letter below and I am…
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Received first default notice
Received my first default notice though the post for a Zopa loan. It says lender for this agreement is Plata Finance ltd (formerly Zopa ltd) which is news to me. No mention of Plata in credit agreement. Do I need to do anything at this stage? It’s given me a deadline of beginning of May to pay arrears (which obviously I…
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Self-managed DMP
So, I've decided a self-managed DMP is for me - 10 creditors, mostly credit cards - £45k. I've done a budget through business debtline, but they have no availability for speaking to me and then referring to stepchange, for the next month. So - as I understand it… Cancel all Direct Debits - done Don't pay until I receive…
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Debt write off due to serious mental health - any success stories?
Hi. I'll start by saying, I'm not looking for any medical advice, as I have a full psychiatric team assisting me… Six years ago my mental health deteriorated, ending in me getting divorced and eventually being signed off work. After the divorce, I was left with the family unsecured debts (which were all in my name) of…
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DMP own ran- settlement advice
hi all lowell have sent me a few letters now to say they have given me a 2k discount so only need to pay 1k to write it off Should I do this or keep paying my payements? Says something about if pay early can affect credit score more? Thanks in advance
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Lowell threatening with 4 months until statute barred
I defaulted on a credit card in July 2020. Lowell have bought the debt and have been ringing, texting and sending letters. Today I got a letter saying if I don’t get in touch by 1st April they will send a field agent to my address. How likely is it that they’ll do this with 4 months until it’s statue barred please? What is…
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Stuck in unsellable shared ownership flat with rising service charges and debt – can’t see a way out
Hi everyone, I would be really grateful for any advice or perspectives, as I feel quite alone dealing with this and am struggling to see a way forward. I earn a relatively good income (circa £80k per year in central london) and historically had no debt. However, since around 2020 things have gone wrong. Following a period…
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When to make affordability complaints in the DMP process
I have just stopped paying this month. Do I need to wait for the accounts to default or should I get on with it before that? Thx
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Self managed DMP starting now
hello, I’ve been reading a lot on this website past week. I have found it inspiring and wanted to start that journey of my own to being debt free. Happy Good Friday. Just to start of first with some questions! a few DD has already been taken to pay some credit cards, as I wasn’t ready to do my DMP yet until a few days ago.…
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Debt Management Plan and Creditor Payments
Hi all. I’m about to enter a DMP with Step Change who are amazing by the way. Long story short is that I had to take early retirement due to a health condition and this has led to some financial difficulties. My question is about payment offers to my creditors. There is one creditor who is being offered significantly more…
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Back again - 15 years later
I posted here frequently many many years ago before I got married in my 20s with my first brush with debt, since then I’ve got married, had children, got divorced and even got on the properly ladder (all by myself I might add) I’ve had ups and downs financially but mostly kept myself afloat. I am now in my 40s and I’m…
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Is this CCJ - should I pay or ignore ?
Hi all, need urgent advice. Claimant: Euro Car Parks Limited Solicitors: DCB Legal Ltd Amount: £295.84 Judgment date: 19 March 2026 Entered: in default Timeline: Received parking charge ~2 years ago Appealed → rejected DCB Legal chased repeatedly, I ignored believing the charge was wrong Never responded to the court claim…
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No debt, but repeated calls from Cabot Financial
I've been totally debt-free for 5 years, no mortgage, all cards and loans legitimately paid off. For as long as I can remember, I've been getting calls from (I think) Cabot Financial - it's a recorded message, and the speaker who recorded it was a mumbler, so it's not totally clear. The number is blocked, but somehow or…
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Some DMP questions...
I'm considering entering into a DMP as debt payments are becoming a struggle due to personal circumstances leading to a reduction in my working hours/pay. I've spent days reading threads on here (really appreciate everyone sharing their knowledge and experiences) and have contacted Stepchange and feel it's the right thing…
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