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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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In Debt and Wannabe Debt Free? First Steps!
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) Is your debt statute barred ? template letters here :…
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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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Strange letter from Nationwide
So a letter from the Nationwide dropped through my door today. It stated they had sent mail to another address and it had been returned as not at this address. So they had conducted a credit check and electoral roll search and found me at this address. So could I confirm I live here. It went onto say if I didn't, any…
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Debt questions around DMP
Hi All, I've had a good read on the forums and feel more clued up on what I need to be doing, so thanks for the knowledge shared. I do have a few questions though if some kind soul could help with. 1) I see most saying run your own DMP rather than someone else and understand why regarding defaults/building funds and…
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PiggyBank loans and credit file abuse
I defaulted on a piggybank loan in 2013 which to be honest I was in the process of moving was only £100 I thought it had gone through as was linked to my bank card . Fast foward 7 years later out of the blue piggybank contacted me asking for the money and I noticed they had put hard searches on my creditFile a year after…
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Credit file not updated
Hi, I have a loan with Updraft ( Fairscore). I have just checked my credit report and they haven't updated transunion since 1st january - is this normal?? All of my other account on my credit file are updated.
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Link Financial Full and final Settlement Offer Advice
Happy bank holiday Monday everyone, I have a debt with Link Financial which I have ignored for about 4 years. Before I contact them, can I check if anyone has had any recent success with Link Financial regarding a full and final settlement as I would like to see if its worth going down this route with them. Thank you
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Income and Expenditure
Hi, I am being asked by a Debt Recovery Company to provide my income and expenditure information but can I refuse as this is my personal information? I have began paying them a fixed amount each month but they still keep hassling me for my income and expenditure information. I really don't want to share my private…
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New to DAS DPP
Good evening all, I'm hoping to sleep for the first time in a long time tonight after having started to address things via SC. It was sobering to see the extent of my debts. Every month I was having to transfer myself money off my cc to stay afloat so it was easy to bury my head in the sand. When I totted things up I…
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Link Financial want to know the source of my money.
I have a self managed dmp and so does wife, for about last 2.5 years , and about 6 months ago, my only creditor that never defaulted me , link financial who was assigned my aqua credit card debt, I asked for a manual default, they promised, but didn't do it . anyway cca requests were written to creditors at the same time,…
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Any advice, got credit cards, loans, and more.
I'm not sure this is the right category for me as my situation would happily fit into 3 (or maybe more) categories. My situation is a little difficult in the short term and is definitely unsustainable as is, but it's also potentially changing fairly quickly. I'm looking for advice any sensible actions I could take to cut…
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Loan to pay off cards
Hi I have 3k credit card debt. Three different cards different interest rates, 30.4%, 39.9% and 30% According to clear score I could be eligible for a loan which would be enough to pay these cards off (rate 39.95%) Would you do this? I want to be rid of the cards. I can cut 2 of them and keep 1 for absolute emergencies!…
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Making a dent in overdraft
Hi all, It’s been a difficult few months I took a few loans out to pay for my dads care (he’s now palliative with not long left) I also have rent and my sons nursery. I have gone through my savings paying for care. With all the above, even when I get paid and don’t really spend on anything crazy, I find myself in…
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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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Arrangement to pay markers
Hi, Question about AR markers. I understand that these stay on credit file for 6 years from when the account is settled, however does their impact lessen over time? For example…. 3 AR markers on account due to a 3 month money issue. Account brought back up to date and account out of AR but markers still showing in payment…
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Debt Stressed
Getting a bit worked up and stressed has led me to this forum. 33 and married, and as of 4 weeks ago have a 4 year old and a 4 week old. We have around 15,000 worth of debt which has slowly been accumulating over the last four years, this is generally spread across a Tesco credit card which has the balance cleared off…
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DMP and lump sum payment advice
Advice please, we are in a DMP, my husband was in the forces and is getting a lump sum. We have lots of questions: Do we use this to pay off our DMP in full? Can we ask for a full and final settlement payment to be made? Would we do this independently? Which is best for credit as we will need to rent or buy a house in the…
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Moorcroft (RBS)being awkward full and final settlement
i wrote to 2 creditors, one being moorcroft who manage my RBS Credit card debt. I asked would they accept 25% and if not what would they accept moorcroft replied today saying RBS refused and they want to know if I will still be making my monthly regular payments on my dmp, plus what is the reason for my settlement, and…
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Starting out getting debt free - feeling scared
Hello, I posted on someone else's thread of becoming debt free and their advice for starting out and got some great advice including starting my own thread so here goes: Due to my own stupid money management I got myself into a debt spiral where I now can't afford my monthly minimum payments even though I have a full-time…
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Santander and DMP
I have recently taken out a DMP which is due to start on 1st April. Included in the DMP is my £750 overdraft with Santander, of which I had used just over £700). The bank have now removed the overdraft option but is still showing as being overdrawn. I have applied for another basic bank account with Co-op but was wondering…
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Seeking advice for my disastrous debt
I started a thread elsewhere on MSE and somebody recommended I come and post on here for advice. In short, I have c£60k in credit cards and loan debt - I know, it's a lot. This is personal debt that I've accrued through what I've realised is a trading addiction (if anyone can recommend a charity who can help with this kind…
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End of my DMP ! Debt free tips tricks and advice from someone who’s done it !
It’s official, as of 08.36 this morning my debt management plan is complete. My stepchange dashboard is zero across the board & it is all gone ! I have some final thoughts and some tips and tricks I’ve learnt along the way. I want to preface this by saying I am not a financial expert , I would just like to share my…