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DMP, IVA, DCA??? HELP!
Hi everyone, Been lurking around on these forums and posts and trying to get an idea of who is in similar position to myself. Little bit about my situation: 50k worth of CC debts, across 6 cards Shared ownership home with my wife and 2 kids (75% rent 25% mortgage) Decent car on PCP with 40 months left to pay on that I've…
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Lowell Phone Calls & Text Messages
Hi all, First post on MSE forum and have searched for Lowell issues and may have similar issues to other poster but not quite the same! I currently have umpteen missed calls from 0333 556 5564 (assumed to be Lowell) including a handful of text messages from Lowell citing: "We've been trying to contact (name removed) about…
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Help with where to start with this mess
I think with the start of 2024 - i need to finally acknowledge things are not ok and seek help with where to start clearing this mess. Below is SOA; [font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b] Monthly Income Details[/b]Monthly income after tax................ 1800Partners monthly income…
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Is it time for a DMP or try to ride the storm?
Hi all, Just looking for some advice regarding my situation really. I haven't posted here before, but have regularly read the different threads and have found them very helpful. My situation is as follows: - I have been in debt of some kind since around 19 years old and have never been debt-free since this point. - Current…
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Car Finance 50%
Hi, Ive got a car on HP which im no longer able to afford. Can i hand the car back and make arrangements with the car finance company to continue to pay up to the 50% mark? Thanks.
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Advice needed regarding making offers...
Hi, sadly I am here again, after being debt free for a good few years. I hope this is the correct part of the forum to post. I have 4 credit cards, all on hold or in default and two with agencies. Next month I will have a lump sum settlement, not enough to pay all the debt off in full but to be able to make quite…
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Bit of debt advice please
Hi Guys, I’m new to the forum and just after a bit of debt advice So recently I woke up and realised I’m 43 next month I have £22k of debt (2 loans, 4 credit cards(1 is only £200) and Klarna £299) and zero savings 1 of my loans has only £606 on it left and I plan on paying it off next week, this will free up £202 a month…
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Debt has finally caught up with me
Don't even know how to start this tbh, so I'll just summarise for now. I'm about £56k in debt over a number of loans and 3 credit cards. Until around 12 months ago, I was easily able to manage these debt repayments, and just about get by. A bit of history...It all started around 10 years ago with my divorce, when I ended…
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Help Needed: Dealing with Debt Settlements and Uncooperative Creditors
I'd really appreciate some advice or insights on how to tackle these debt-related hurdles. Firstly, I've been faithfully sticking to a Debt Management Plan (DMP) with Payplan for just over two years now. This plan involves making nominal payments to various creditors. Recently, PRA made me an offer regarding an old Lloyds…
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Moving from StepChange to Self Managed DMP...
Hello all I've been on a DMP with StepChange for three years and my debt currently stands at £2,555 and I owe to six creditors - four are with debt collection agencies and two are still with the original creditor. SC have been brilliant and a life saver at the start of the plan - the thing is I have been considering going…
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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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Credit card debts
Hello. I hope that I am asking in the right place? I am self employed and currently have approx £25,000.00 in credit card debs with 6 different cards. This all came about after my partner suffered an awful illness and neither of us could work for a long time. I have been making the payments ever since (6 years now) I have…
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Unaffordable Lending - Autism - FOS
Hello, I hope you are well. (I sometimes struggle to right coherently so I have broken my questions up into smaller questions I hope that is okay) I have autism, and generally struggle to manage my finances, due to my disability I am unable to earn a lot of money (around 22k/year). 2 years ago I signed up for a credit…
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Multiple joint debts and banking query
Hello all. Myself and my husband have came to the realisation we cannot afford to pay off our debts - we are spending far more than is coming in and have been finding we are paying our CC's just so we can then use the money for food shops etc. We have got ourselves into such a mess trying to clear off one debt, by securing…
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What to do with £10,000 if I have a mortgage and loan
I have a mortgage with 20 years and £145,682 outstanding. Interest is fixed at 1.19% until Dec 2026. I have a 5 year loan for £30,000, (4.9% APR) which I'm 12 months into and there's £27,036 outstanding. Now the good news. I have £10,000. Do I:* Overpay my mortgage by £10,000 * Overpay my loan by £10,000 * Neither, invest…
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Settlement with creditors
Hello all after coming on this forum at my wits end 2 years ago I set up a DMP with StepChange who have been absolutely amazing our debt was a mind boggling 95k and after a lot of patience we are now at 35k still a lot but not long to go. We are due to come into some unexpected funds and the focus is now on clearing the…
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Looks like PRA have won
after sending cca requests by myself and wife in October to PRA regarding Barclaycard credit card account debt if roughly £6000 each. they initially said it was unenforceable due to not finding statements for mine and the credit agreement for my wife. yesterday, they posted the agreement bro my wife and 2 years worth of…
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Interest changed after default notice
Hi all, I received a default notice for three of the old style (Mortgage) student loans just over two years ago, this was despite me being on a payment plan through Step change for the eight years previous. To add insult to injury they've been charging me interest from the inception of the step change payment plan to the…
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Now struggling with debt
Hi, I am now struggling with debt. I was going to use StepChange. Can anyone recommend any better company who negotiates for the debtor more?
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Advise on situation involving CC and housing.
Hello all. I was advised to drop this post over here from the housing section. As said it may be better suited. I’m hoping to get a bit of advice for a situation I’m in. Without going into to much detail my partner and I have split up and I need to find a new place to live. The problem is private rental pricing is crazy…