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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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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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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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Thinking of DMP, some advice needed
Hi Everyone! I'm currently £33k in debt. Some credit cards, and 3 personal loans. Credit cards repeyments are £200 and 2 of the personal loans are manageble with monthly payments of £120 and £270. The problem is with my last loan which is £580 a month. After all of my bills and repayments I'm left with around £50-£100 a…
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Currently in a court process with UK Debt company
I have recently found out I had a CCJ issued in 2019, however I know nothing about it and have moved addresses. I have applied to court where the CCJ got cancelled and I have filed a defence asking for assigned deed , original signed information , transactions etc Also that I could also request a SAR . Is the time limit up…
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Statute Barred under Scottish Law
I'm after a bit of advice about Scottish law. Specifically the five year statute of limitation on debts. I have recently had contact from a company claiming that I owe them £250 for a debt that they claim was from 2020, specifically the 9th of June 2020. They contacted me around the 20th of June this year. Now my question…
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Please look at my SOA
This discussion was created from comments split from: DMP mutual support thread part 13 !!.
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Gentle advice please on SOA
Please can you kind people look at my SOA? I’ve been completely honest with what I’m spending. I am a single parent of five, age 34, 25, 23, 17 and 14, the last two live at home. Birthdays are a moderate £60-70 each, Xmas £150 each, and this hasn’t changed with inflation for many years! Mobile/internet/TV all in contract.…
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Can Credit Card Debt Be Offset Debt Against Pension Savings?
Hi all, Have searched the forum without success to the following question: Can a creditor such as MBNA (same banking group as Halifax) offset a soon to be defaulted credit card debt against a Scottish Widows (also same banking group as Halifax) private pension? I know they can against bank accounts - hence why I plan to…
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Default closed - Reopened as new loan
Hi All Bit of a strange one as I can’t seem to find any information of this. I had a loan through a Credit Union which I defaulted on 5 years ago and it became a CCJ around the same time due to my past negligence with finances. I figured out a payment plan with their solicitors and have been paying it off since and haven’t…
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Link - unenforceable debts and now a letter threatening legal action with Kearns solicitors
Have 3 accounts with link . Sent off for CCAs and received letters saying unable to comply and unenforceable. Continued to have letters so I sent letter saying ’ I have recently received reminders for payments for the above accounts. As per your letters from 4th feb,2025 and 9th dec 2024 you have confirmed you are not…
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Zopa ignoring complaint
Hi all, I registered an affordability complaint with Zopa due to an incredibly high loan they offered me and was approved for in an instant and in hindsight is not at all affordable and leaving me in a financial mess towards the end of every month. I sent off the complaint email on the 27th June outlining my complaint, I…
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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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DMP Repayments
Morning all I'm doing a self managed DMP - 6 of my 8 unsecured debts have now defaulted and sold on to the likes of PRA, Cabot and Lowell. I have begun paying these through their websites but when I go to set up a regular payment, all of them require a minimum payment - min £50 a month, but there are a couple that are…
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Debt stressing me out, can't sleep!
Hi everyone. I'm after a bit of help! I have some debt that I would like to pay off, it's been stressing me out and I really just need help on how best to approach this. I have a tumultuous relationship with money and really just need some guidance on priorities and how to organise things. I have no idea what I'm doing at…
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Debt Advice - What is the process when defaulting and setting up a DMP?
Good Evening, I am seeking advice on what to do next with my personal debts. They total around £30,000 and I cannot afford my repayments at all at any longer. I was initially in contact with Stepchange, I applied for 'Breathing Space', which I realise may not have been the best thing to do but this ends on 01st August…
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Query in relation to a default not showing on credit report
Hi Folks, I have a query I hope that you can advise with. I commenced my self-managed DMP journey in August 2024. I had nine creditors and all but one have defaulted. Some
payment arrangements have commenced with the companies that have made contact.
In my case, Lowell have bought two of my accounts and Cabot has bought…
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Self managed DMP help
Hello everyone. I understand this topic comes up over and over again but I would really appreciate your time to just clarify a few things, just to make sure I do things in the correct manner and to not dig myself a deeper hole. iv been reading a lot on here so I think I have everything I need possibly. I have debt of…
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Advice on my debts please
This discussion was created from comments split from: Struggling with debt? Ask a stepchange debt adviser a question.
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CCJ applied for but not obtained
Hi I am back and forth with Cabot re a couple of old debts of my husbands that have just come to light (severe mental illness led to him racking up debt without me knowing). Both over 6 years old, I did the statute barred letter and the reply was that they weren't statute barred due to court proceedings initiated. One of…
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DMP where to start
Apologies not sure if I’ve stuck this in the right place so if I haven’t sorry. So I’ve accumulated just under 10k of debt. And I don’t feel like I’m in control of my finances anymore, moneys coming out here and there and more debt letters seem to be coming or I owe more money somewhere that I’ve forgotten about. I’ve had…
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What to do…
I’m in approx 70k of debt. I have been looking at a dmp and have mentioned this to my partner, however she is not keen. She thinks it may affect my position in regard to an opportunity with the company I work with. The risk as far as I can see it is if I get credit checked however that won’t be pretty without a dmp if…
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Debts and Broadband
Hi, Sorry if this doesn't fit in with this topic as it probably could link in to many others but here we go:- So I have been trying to obtain broadband and thought that I would go with BT. I tried to place an order at fist but was unable to due to being still with Sky ( although was already told I would be disconnected…
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