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Devon Cream Tea

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About Devon Cream Tea

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  1. Thanks for your replies. I have actually spoken with someone today, regarding an IVA. My total debt is over £23,000. They said that I could pay £90-a-month for five years, and that the other £18,000ish could then be written off. To me, it sounds like a good option. Why might it not be?
  2. Thanks for your reply. You're right, lol, it was. I take it that I can find out about pro-rata letters, here?
  3. Andyorch: Thanks Thanks for your reply. Out of interest, why is it a bad idea to go for an IVA? To clarify, does a default actually damage your credit file for a whole six years, almost as much as an IVA/DRO would?
  4. Hi Slick, Yes, so it would seem that a DRO won't work. I was just wondering if there are any other options.
  5. Thanks for the response. Actually, I am earning more than £50-a-week, let alone a month, from the second income, so I guess that rules me out. Interestingly, when I liaised with someone regarding a potential IVA, they seemed to think that my income levels, from both my job and second income, wouldn't rule me out in terms of their amount; only that the second income would make me look like a gambler. I'm probably scraping the barrel now, but are there any other options? I presume not, as I'm not sure there's anything 'below' a DRO.
  6. Thanks for your reply. I believe that one of them is defaulted on my credit file. Would a DRO potentially still allow me to get a mortgage, quicker than an IVA would?
  7. MY debts total some £23,000. Just over £3000 is with Capital One, around £750 is with Tesco Bank for a credit card, around £400 is with Aqua, and just under £19,000 is with my bank, HSBC, for repayments of a personal loan, for which the agreement was to pay back £325ish a month. Only the Tesco Bank debt is with a DCA. I've been paying only the actual creditors, as I haven't made a payment on the one that's with a DCA, since it was. Really, I just want to ascertain whether there's a way of writing off any debt, without the effect being so detrimental to the ability to ge
  8. Thanks for your reply, Andy. Do you think the matched betting income would be problematic?
  9. Hi, I have debts totalling some £23,000. J ust over £3000 is with Capital One, around £750 is with Tesco Bank for a credit card, around £400 is with Aqua, and just under £19,000 is with my bank, HSBC, for repayments of a personal loan, for which the agreement was to pay back £325ish a month, but I've defaulted for around a year. They have just got back in touch regarding the default in payments, with covid having stalled their chasing. I earn £22,350-a-year, with an annual bonus usually averaging between £1500-£2000, although this was lower this yea
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