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"i lost my house, my car and 82k but believe it or not im happier now! no more pressure " house repossesed.... had to sell my car last yr..... ex hubby stopped payin the morgage when i left him, he didnt tell me about the repossesion I now owe 30K for a house i dont own | |||
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"borrowed the £350 of my parents to do it, " its almost double that now, and as my parents help me out with other stuff i dont feel able to ask them to lend me more money | |||
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"glad to hear from others that you get through it, i owe 30k, am on a debt management plan (will take 10 yrs to pay off), have been thinking about bankruptcy but am scared, the only thing i own is my car worth 3k, i need it for work and for going north to see my poorly Dad, someone said they can make me sell it!" stick it in your parents name.... u dont own it then? | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat " If the payments are reasonable, and the term is relatively short,(& all interest is stopped), it shouldn't be too bad. If not, and you've no real assets, you may as well do the full bankruptcy, as the credit etc. penalties are pretty much the same, & the bankruptcy is often over in 12 months. | |||
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"i cant help but think how easy it is to get into debt nowadays. Finance companies left, right and centre willing to give unsecured loans, HP etc.....and the preverbial has now hit the fan " Its actually a lot harder these days, many more checks than, say 5 years ago. The paperwork on my first house in 1986, was a couple of pages & a letter to your works. This year, was unbelievable, having to produce paper trails of where money had come from etc. It seems harder to me, for people who cannot use the banks/building societies, and are forced to use such as the Provy, or, far worse, 'payday loans'. Interest has never been so low, yet these quote 4-figure apr's! They create a vicious circle of debt, and should be banned. | |||
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"glad to hear from others that you get through it, i owe 30k, am on a debt management plan (will take 10 yrs to pay off), have been thinking about bankruptcy but am scared, the only thing i own is my car worth 3k, i need it for work and for going north to see my poorly Dad, someone said they can make me sell it!" you need to put it in someone elses name | |||
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"borrowed the £350 of my parents to do it, its almost double that now, and as my parents help me out with other stuff i dont feel able to ask them to lend me more money" If its only the house debt, and no-one else is bothering you for money,(cards, etc) it may seem like throwing good money after bad. But, if you are being hassled/threatened by a number of debtors, it would be a massive weight off your mind lancs. I helped a friend go through it a few years ago, and it was very straightforward. CAB will put all the paperwork together, you just need the fee. | |||
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"glad to hear from others that you get through it, i owe 30k, am on a debt management plan (will take 10 yrs to pay off), have been thinking about bankruptcy but am scared, the only thing i own is my car worth 3k, i need it for work and for going north to see my poorly Dad, someone said they can make me sell it! you need to put it in someone elses name " You could do that, but they won't take your car off you, if you need it for work. It is possible they consider a 3K car excessive, but I would doubt that | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat " Not as bad, MrM has a Debt Manageent Plan (DPM) | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat Not as bad, MrM has a Debt Manageent Plan (DPM)" DMP is ok, if you can see the end (ie it not going to last 20+ years), and you can still have a decent standard of living. Hope he is with PayPlan, as I believe most others take a chunk of the money that you are paying, before it gets to your creditors. | |||
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"unfortunatly, just after my divorce i was made redundant... ex wont help me financially and ive got in total 40K debt... credit companies arnt hasseling me, i just get a regular letter that i ignor, lol, ive nothing for them to take it they send the baylifs! Ive been to debt advice and the CAB they both said that bankruptcy was my only option...... cant understand why when youve no meney it cost's so much to go bankrupt! my only hope is that i get my day in court and can go and pled my case... ive run out of options" i had no choice, they made me bankrupt, but all over now and happy again | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat Not as bad, MrM has a Debt Manageent Plan (DPM) DMP is ok, if you can see the end (ie it not going to last 20+ years), and you can still have a decent standard of living. Hope he is with PayPlan, as I believe most others take a chunk of the money that you are paying, before it gets to your creditors." Yep am with PayPlan, also when the companies asked for their money I waited until the debt collectors wrote as when payments were set up with them the interest stopped, as they and not the people I owed the money now owned the debt , if you get what I mean. One company was charging a minial 2% interest, that stopped when the debt collection company stepped in, so making the amount of debtstart to reduce as there was no interest, 5 yrs to go and counting .... lol Dont know if that reads right now ,,,,, lol | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat " Be very careful with IVAs. The company who organise it for you also have a vested interest in your keeping up the repayments. If you default, you are in deep s**t & the only only alternative (save a windfall)is to go Bankrupt. Whichever way you go, your credit status bombs. Contact Citizens advice & ask them to recommend a free solicitor who will go through options. We know so many people - from different walks of life - who are going or have gone through the same thing. It is Hell but you are not alone. Best wishes. | |||
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"glad to hear from others that you get through it, i owe 30k, am on a debt management plan (will take 10 yrs to pay off), have been thinking about bankruptcy but am scared, the only thing i own is my car worth 3k, i need it for work and for going north to see my poorly Dad, someone said they can make me sell it! you need to put it in someone elses name You could do that, but they won't take your car off you, if you need it for work. It is possible they consider a 3K car excessive, but I would doubt that" Someone I know went bankrupt about 7 years ago, had quite a decent car but because she needed a car to get to work and lived in quite a rural area they gave her back some of the money they got from selling the car to get a little run around | |||
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"Well unfortunately the shit has knocked the fan over in our house and I'm now having to do this, anyone else in the same boat " I'm going bankrupt as it's a better option for me Hope it goes well for up Mally xx | |||
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"message away x" Brilliant thanks but now I am too old or maybe too young | |||
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"Might be easier if you message me first " try me now! im out of your age range, lol | |||
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"also, (this is gonna sound awful) but my dad has mesothelioma, cancer caused by asbestos, just diagnosed, and he is gonna sue the pants off the company he worked for as it is incurable, if he wins he would help me out with the debts, but meantime, i'm struggling, if i go bankrupt then he gives me money the bankruptcy folk would want it, have to think very carefully" only IF they know about it.... thing to do now is set up another bank account, but not use it, as when you go for bankruptcy they will freeze your accounts. also, with the car thing, you cant just simply put it in someone elses name. A) your insurance company will need to know, and this could boost your premium, or even render it null and void as they usually require YOU to be the registered keeper of the car, and B) they would want to know where your car has gone (guessing it wasnt bought cash, forgive me if wrong), how much you sold it for, and where the money has gone. NOW.... IF you let your daughter have the car and buy a cheap banger to run around in they cant chase you for it, then you can transfer it back into your name afterwards. | |||
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"not sure if the link is allowed so will not post one. But for anyone having debt / Bankruptcy / IVA issues do a google for 'CCCS' (withou the quotes) They are a registered charity , and do not charge any fees" yes thats who my DMP is with, but the bit i can afford will take 10 yrs, i am in a secure well paid job but am paying extortionate rent, i'm on the housing list , at the bottom, soon as my lease is up in April i'll look for a smaller place, Dad will lend me a deposit, still hard with 3 hildren, i can see light at the end of the tunnel in the distance! | |||
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