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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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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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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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dmp or iva
I am self employed and my income has been pretty steady for the past 2 years, I have £22500 debt from credit cards and a loan which so far i have been paying just the minimum on everything but it has squeezed and squeezed my income and i am getting nowhere. I have no savings as I was using them to top up my income when I…
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Credit card debt
Hi everyone. I only found out 2 days ago that my husband has run up credit card debt on 3 cards. He's been paying the minimum amount on each but not making much of a dent on the debt. I'm heartbroken as I thought we were doing OK financially. I've always saved, never been in debt myself etc. We have a mortgage together…
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24k credit card debt - help, sanity check
Hello, I'm in dire need of a sanity check with regard to my debts, please ... I stupidly built up just under 24k in credit card debts over the last 7 years, and last year following a nasty divorce and the death of my parent I started struggling with making minimum payments. I was in denial for a while and I kept…
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Transferr My Wife To The deeds
I own the house 100%b and my wife not on the deeds. Can i put my wife on the deeds and will their be any tax or stamp duty we have to pay. Thanks
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PayPal Credit default
My PayPal Credit account has showed in my credit report for at least a month now as defaulted. However I’ve never received the default notice from them in the post and they are continuing to write to me and send emails seeking minimum payments? I just received another letter today saying minimum payment by 8th April? I am…
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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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CCJ issued by County Court Business Centre...
I was trying to get driveway insurance today when buying a car, and was informed I have a CCJ???!!! i had zero idea about this. On investigation, I can see the amount I apparently owe, and the issuing court, which is now no longer operational. How on earth do I find out who this is from? I've exhausted all my search…
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Can bailiff's take things on finance/credit?
I'm just wondering what country court bailiff's can take for a CCJ. Are they allowed to take things on credit/finance? For example Sky Glass TV (on finance with Sky) mobile phones/tablets on contract etc. I've tried googling it but the only information I can find is about cars on finance. Thank you.
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Debt help!
HI all, I'd like some advice/help with my debt please. I`ve currently got almost £28,000 in personal loans and credit card debt. Ive not yet missed a payment but having recently changed job and taken a slight reduction in salary £35,000 to £31,000. I think if not this month it'll be next month that I start missing…
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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 £68,000 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…
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IVA or DMP long post
I’m looking at options and read some great advise on here but just wanted some advise based on personal experiences to help me decide I’ve avoided all the companies such as PayPlan ans step change so far as want to feel I know what I’m doing when. I start talking to them I have £34k debt .. my monthly payments are nearly…
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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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Lending stream/Credit report
Good evening I have 3 defaults remaining - 1 With Virgin Media (Due to come away in Jan 2025) emailed them my current issues at the time but not overly fussed about this one the other 2 with Lending stream however - One comes off in May 2024 which is a couple of month away which I won't kick up a fuss about being so near.…
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partner's bonus
hi all, My wife has been given a 25K bonus what is the best thing to do with it? Both 59 we have no mortgage 15k credit card debt 2k savings any help apricated Tard
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Cabot threats increasing
I have started paying monthly token payments as part of my self managed DMP. I haven’t contacted them at all. The latest letter titled “Failure to respond is not an option No.1” The letters do show the balance decreasing by the amount I’m paying. Should I contact to inform them I am on the DMP? Is there a template letter…
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Debt & mental health
Hey everyone Just something I’ve been wanting to ask for a while. I’ve racked up a lot of bad debt and am paying this back via a DMP. Due to rising costs of living the amount I’m paying is going to take me around 10 years to clear. The thought of this has caused my depression to resurface uglier than ever before. what my…
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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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LOWELL CCJ
Like others I've had a letter from Lowell re a debt from Hoist completely out of the blue. Firstly about a credit card which changed to joint account. There is a CCJ apparently dated Sept. 2013. I've contacted the bank who can't tell me anything cos the account was closed in 2011. I never had any info from Hoist or knew of…
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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…
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Utility point Debt - EDF
Hello i was a Utility Point customer for energy when they went back at the end of 2021. I migrated my supply to Octopus shortly after this. The final ultility point bill is as issued by EDF, however the bill was incorrect. I received confirmation from Octopus that the meter readings UP / EDF used were not the readings that…