Get Out Of Debt

[trooper]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

[bones]

ring em up and have em explain to you were they got the money from to loan you!!

if they dont give you a truthful anwser (that it is created out of thin air)

what right do they have as to charge you for air?

or just tell em to fuk off cos you are skint.

[blueone]

ring em up and have em explain to you were they got the money from to loan you!!

if they dont give you a truthful anwser (that it is created out of thin air)

what right do they have as to charge you for air?

or just tell em to fuk off cos you are skint.

Prob not the best advice Bones!!:p

Wish i could help trooper but i'm in a similar position to you :( Any advice would be most welcome

[shodan]

Hi as far as it goes in the UK - I'm clearing debt at the moment,I've gone with CCCS consumer counsceling and credit service and they are brilliant. They've got my monthy payments down from hundreds (nearly a thousand) to under £90. well worth a phone call. 08452725400 - ask about the Debt Management Plan.
I make one payment to them a month and all the phone calls from credit cards banks etc have ceased. they deal with all that for you.

The first step wichever route you take is to open a new basic bank account (lloyds tsb have an excellent one) without an overdraught facility to start with, and give none of your creditors the details of this account.

also check out martins money tips website, if you do some trawling theres great info on there.

[skyline]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

you can opt for an IVA which means they freeze the interest and pay an affordable sum for 8 years I think.But the problem is that you also pay a monthy fee to a dept management company.You will have a default notice against you so you will find unsecured credit hard but hey thats not a bad thing.I wouldnt borrow anything ever again to be honest

You may just say to them forget it i aint paying ya an option i would choose

[eyepod]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

A friend of mine did this recently. Go to a local Citizens Advice Bureau (it's all free), with the details of who you money to. They will make you fill out some income and expenditure form which they will then use as a basis as to how much you can afford to pay your creditors. Lie on the form so it looks like you can afford to pay each one something like £5 per month.

The CAB will write to each of the creditors (for free) telling them you can only afford to pay £X per month. This is legally binding - creditor has to accept.

Since the amount your willing to pay is so small the creditor thinks sod this and sells the debt on to another company. New creditor usually says something like - "pay me £300 and we will clear the rest". Ignore it and they will sell the debt on and so it carries on - after a while the debt has gone down from all the reselling that it is not worth collecting and is written off.

I know two people who did this one has got most of the debt written off and both are paying next to nothing for their debts. Doesn't cost you anything and no real hassles involved, just go to a CAB.

[theninja]

First don't FEAR them. I have over £20,000 worth of debt I was using http://www.payplan.com/ for a number of years them don't cost anything to use. I was making payment of £20 per month which would of never been paid in my lifetime.

But when I found out what a scam the whole money system was I decided to stop all payments. I still get letters but the phone calls have stopped and have never had any bailiffs. They don't have a leg to stand on anyway usually the Banks will sell the debt off to a collection agent. The point is I had a contract with the bank not the collection agent so they have no rights to collect the money. Other the next couple of week I will be testing a few letters out - will let you know how I get on.

Just remember their only real power is the fear they install in you.

[mountain]

If there is no contract you are not obligated to pay. Ask them for the contract and they will cease to call...put it in writing and they will dismiss altogether. Here is a link with details.

http://www.natural-person.ca/

[the itinerant shrubber]

The companies that you owe never chase you,they use a debt collection agency.The agencies dont actually carry the details of your debt or any evidence that you owe anything. We were recently chased up about 3 grand that I admittedly did owe but I wrote back pretending not to know what the debt was for and asking them to produce details and evidence of the debt that I was meant to owe them and if they couldnt,then leave me the fuck alone.
That was 4 months ago and I havnt heard a thing from them since.

[revelations]

You can write off a debt as long as it is under £5,000.

If you contact your local Citizens Advice Bereau they will be able to explain

to you in more detail. I think that you have to declare your self bankrupt in

order to achieve this debt write off, but who gives a shit at least you wont

have the stress and the worry anymore! :)

[cheesedanish]

The best thing it to phone them and ask for a 'settlement plan' which will close the account and you make an arrangement to pay a sum of money which you can afford and pay off the debt without incurring interest.

[mr jones]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

its not illegal to be in dept so just tell them you're bankrupt, that way you can have a low credit rating for a few years and not get into anymore dept.

[qasrose]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

This is not a get out a debt forum

[revelations]

This is not a get out a debt forum

Who are the wankers that let us get in debt? :rolleyes:

[deldaley]

Who are the wankers that let us get in debt? :rolleyes:

properly you ........ you know call me out there but by getting into debt only causes misery and prolongs their control over you maybe have some restraint in the first place and dont just spend spend spend on credit, the so called credit crunch has been fueled by people who dont give a fuck about the consequences and its left to sensible people to pay higher interest rates now on their mortgages and other forms of credit ........ dont you realise none of its actually written off they get the money back some how .
How about not getting in debt in the first place and then blaming the banks by saying its their fault for lending you the money only one person to blame for your debt misery YOU......

[theninja]

How about not getting in debt in the first place and then blaming the banks by saying its their fault for lending you the money only one person to blame for your debt misery YOU......

What a load of ****!! I was very a sleep and struggling to bring up my family when I took out my loans. The banks were just throwing money at everyone. How can the general public make a sound decision when they don't have all the information everyone is brainwashed from birth and then have a shit education.

[revelations]

We aint all born with a silver spoon ...idiot :rolleyes:
properly you ........ you know call me out there but by getting into debt only causes misery and prolongs their control over you maybe have some restraint in the first place and dont just spend spend spend on credit, the so called credit crunch has been fueled by people who dont give a fuck about the consequences and its left to sensible people to pay higher interest rates now on their mortgages and other forms of credit ........ dont you realise none of its actually written off they get the money back some how .
How about not getting in debt in the first place and then blaming the banks by saying its their fault for lending you the money only one person to blame for your debt misery YOU......

[deldaley]

We aint all born with a silver spoon ...idiot :rolleyes:

dont call me an idiot just because you dont like my comments.... silver spoon get real ive been made redundant twice in the last 5 years but made touch decisions at the right times and kept my head above water by taking 2 jobs to put food one my families table , but soon realised that i was just being a tax cash cow for the government since then i have learned to trade services for goods and grow and sell my own food and put my future well being in my own hands not theirs people should take responsibility for themselves and not think others will bail them out by their own greedy consumerism

[blane777]

Im from the UK and a few years ago i was in 40k+ debt.I decalred bankruptcy which cost me around £330 all in all.The Official reciever who you will deal with in the UK looks at your assets,income and savings to determine what you can contribute towards your incured debts you have accrued.


If you own your own home you can expect to lose it.If you have your own business you can expect to lose it.However if you have no assets at all but are just your average working man that rents a home and has a family then the reciver will take no more than 50% ofyour monthly "Surplus" income,what you deem as "surplus" is down to how you can fill in the forms and blag it basically.

I ended up paying sweet FA to them and was released from the bakruptcy agreement after 3 months.its all about how you fill in the forms :)

[meave]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

where are you and do you own yer own house(differnt law uk)

[hirschfelder]

I have student loans and bank overdraft loans to pay but I just ignore them

I have a police fine for affray, I just ignore that too. I once got fined for going the wrong way round a roundabout, I ignored that too and eventually got a letter of apology

The ones who are real dogs about it are the Council Tax. Pay your Council Tax and the rest is sweet

[loderlive]

I have student loans and bank overdraft loans to pay but I just ignore them

I have a police fine for affray, I just ignore that too. I once got fined for going the wrong way round a roundabout, I ignored that too and eventually got a letter of apology

The ones who are real dogs about it are the Council Tax. Pay your Council Tax and the rest is sweet

:eek:

Woman driver?

[hirschfelder]

No, just drunk (kidding)

It wasn't very well marked and it wasn't a very ROUND ROUNDabout. It was also at about 3am and there was no other traffic (except the old bill), so I had no idea I had to go left to go right. From my perspective, it just looked like a normal junction

[gremlin]

why did you get a credit card in the first place, whats wrong with shops, catalogues are such a rip off. sorry stated the obvious, sorry i used the word obvious, sorry i have to go now.

[meave]

why did you get a credit card in the first place, whats wrong with shops, catalogues are such a rip off. sorry stated the obvious, sorry i used the word obvious, sorry i have to go now.

i know its not troopers answering this but shit happens

[scott_1975]

Trooper,

If you are in debt call the Consumer Credit Counselling Service. They are an independant charity that will help you to setup repayment plans. They have helped a few people I know.

http://www.cccs.co.uk/

Hope this helps,

Scott.

[trooper]

"why did you get a credit card in the first place, whats wrong with shops, catalogues are such a rip off. sorry stated the obvious, sorry i used the word obvious, sorry i have to go now."


I got the credit card and catalogues because I'm unemployed and it seemed like a good idea at the time.

Meave you are so right......shit happens. :)
I am currently renting my house and I live in the UK.

Thanks for all the advice guys at least now I have a little peace of mind and some good advice to follow.

[meave]

"why did you get a credit card in the first place, whats wrong with shops, catalogues are such a rip off. sorry stated the obvious, sorry i used the word obvious, sorry i have to go now."


I got the credit card and catalogues because I'm unemployed and it seemed like a good idea at the time.

Meave you are so right......shit happens. :)
I am currently renting my house and I live in the UK.

Thanks for all the advice guys at least now I have a little peace of mind and some good advice to follow.

in that case you can write it all off except student loans as they changed the law last september (IN SCOTLAND) if your signing on you can get them to put you forward for bankrupcy but the citizan advice will give you all the information your only bank rupted for 3 yrs and then its a clean state

[monkfish]

It's how banks make there money and how the powers that be keep you on the reighns. Thats why if your doing okay financially,the banks/loan sharks will be glued to your letterbox. If your up shit creek! your on your own.
Banks will only lend you money if you can prove to them that you do not need it!

[niftygifter]

Declare yourself bankrupt.

Nifty:rolleyes:

[thetonic]

http://www.real-debt-elimination.com/practical_course_in_mir acles/power_of_acceptance.htm
look out for spaces in the URL if the link does not work.
Namaste

Link courtesy of TheAntiTerrorist

WAKE UP

[steppewar]

Does anyone have any ideas or experience of getting out of debt?

I owe money from years ago which I've been trying to pay off but just cant. When I miss a payment I get charged and the debt never goes down. The money owed is from a combinatoin of catalogues and credit cards.

I've seen adverts where they say there's a government loophole so you may not have to pay anything back. Anybody tried this?

Any help would be wonderful and much appreciated.

If the debt is unsecured, ie not against owned property there is a way round it. If you couldn't pay your debt you could claim bankcruptcy.

Another way is if you refuse to pay. This could eventually end up with bailiffs entering your property with police enforcement. They would then take your property to clear the debt.

In this case, before the bailiffs come round you should remove all your valuables from your property and put them in another property or storage. Do not leave any incriminating receipts or paperwork in sight about your stuff or where it is.

Things like TV,s, HiFI's, X box,digital camera's etc. Also move your car somewhere safe, like in a lock up somewhere else. Basically remove everything of value except a bed, chair/sofa, cooker, fridge and clothes as bailiffs are legally not allowed to remove essential living items such as these.
The bailliffs will then leave empty handed as you will have nothing of value in your property. Your debt will then get written off, and you can move your valuables back in. This is a better method than bankruptcy as it is less complicated and there is no legal hangover.

[quelyn]

I am in the USA, west coast. I have taken out a debt consolidation plan which has decreased payments. This company has arranged for the interest rates to be lowered, various fees [late and otherwise] to be removed. This is a four year commitment but if not now than when? Also, this agency has various negatives removed from all credit reports. The company receives $ 34.00 monthly for this service.

[loderlive]

On debt take responsibility but have the courage to say in my own time on my own terms without fear, shame or guilt as you are not a slave to it's existence. Realise credit exists but whether in or out of debt it is only illusory for the real battle is with the spirit. Win that and you will not be defeated by anything, everything is just an obstacle to go through, around or over.

[loderlive]

If the debt is unsecured, ie not against owned property there is a way round it. If you couldn't pay your debt you could claim bankcruptcy.

Another way is if you refuse to pay. This could eventually end up with bailiffs entering your property with police enforcement. They would then take your property to clear the debt.

In this case, before the bailiffs come round you should remove all your valuables from your property and put them in another property or storage. Do not leave any incriminating receipts or paperwork in sight about your stuff or where it is.

Things like TV,s, HiFI's, X box,digital camera's etc. Also move your car somewhere safe, like in a lock up somewhere else. Basically remove everything of value except a bed, chair/sofa, cooker, fridge and clothes as bailiffs are legally not allowed to remove essential living items such as these.
The bailliffs will then leave empty handed as you will have nothing of value in your property. Your debt will then get written off, and you can move your valuables back in. This is a better method than bankruptcy as it is less complicated and there is no legal hangover.

I'm with you here, to keep anyone guessing on your assets is always a good thing.

What if any valuables you have were bought in another name, to the person who's property I reside in.

So it be logical for these items to be in such property.

And that person would be willing to testify the right to keep them.

[theninja]

If the debt is unsecured, ie not against owned property there is a way round it. If you couldn't pay your debt you could claim bankcruptcy.

Another way is if you refuse to pay. This could eventually end up with bailiffs entering your property with police enforcement. They would then take your property to clear the debt.

In this case, before the bailiffs come round you should remove all your valuables from your property and put them in another property or storage. Do not leave any incriminating receipts or paperwork in sight about your stuff or where it is.

Things like TV,s, HiFI's, X box,digital camera's etc. Also move your car somewhere safe, like in a lock up somewhere else. Basically remove everything of value except a bed, chair/sofa, cooker, fridge and clothes as bailiffs are legally not allowed to remove essential living items such as these.
The bailliffs will then leave empty handed as you will have nothing of value in your property. Your debt will then get written off, and you can move your valuables back in. This is a better method than bankruptcy as it is less complicated and there is no legal hangover.

Very good advise but you are wrong about Bailiff entering your property they are not allowed (expect Inland Revenue) this info was taken from:

http://www.insolvencyhelpline.co.uk/identify_problem/bailiff_problems.php

Can a bailiff force his/her way into my house?
Most bailiffs do not have the right to force their way into your home to seize your goods. The only exception is that bailiffs from the Collector of Taxes (Inland Revenue) can get a warrant to force entry, but this is very rare. All other bailiffs have a right of peaceful entry only. This means that they cannot use force to enter your home, for example, by breaking a window or a door. However, they can enter your property through an open door or window (front and back) and can climb over fences and gates, but cannot break them down. See also ''If a bailiff does gain peaceful entry to my house, what will they do?''
You do not have to let a bailiff into your house. A bailiff cannot force their way past you if you answer the door. If all your doors and windows are securely closed they will not be able to gain peaceful entry to your house unless you let them in.
Bailiffs are well aware of their limited powers and may use a variety of different means to gain entry peaceably. They may attempt to walk in as soon as a door is opened. They may ask if they can use your telephone to check if an arrangement is satisfactory with their office. They may simply ask you if you would prefer to discuss matters inside. You do not have to go along with any of these methods.
Can I be arrested or imprisoned for not letting a bailiff into my house?
No. If a bailiff is accompanied by the police, they are only there to prevent a breach of the peace. You cannot be arrested for refusing to allow a bailiff into your home.
You cannot be imprisoned for not paying your debts. However, non-payment of council tax, child maintenance or magistrates court fines can lead to imprisonment if you 'wilfully refuse' to pay. This means that the magistrates must be satisfied that you have the money but choose not to pay. You should be required to attend a magistrates court means enquiry hearing before this is decided. This gives you the chance to explain why you have not paid.



also this is a good website: http://criminal-bailiffs.angelfire.com/index.htm

[masonfree party]

properly You ........ You Know Call Me Out There But By Getting Into Debt Only Causes Misery And Prolongs Their Control Over You Maybe Have Some Restraint In The First Place And Dont Just Spend Spend Spend On Credit, The So Called Credit Crunch Has Been Fueled By People Who Dont Give A Fuck About The Consequences And Its Left To Sensible People To Pay Higher Interest Rates Now On Their Mortgages And Other Forms Of Credit ........ Dont You Realise None Of Its Actually Written Off They Get The Money Back Some How .
How About Not Getting In Debt In The First Place And Then Blaming The Banks By Saying Its Their Fault For Lending You The Money Only One Person To Blame For Your Debt Misery You......

Asshole!

[masonfree party]

declare Yourself Bankrupt.

Nifty:rolleyes:


Not A Good Idea..because They Can Grab All Your Assets Like Shares, A Car Etc For Instance

[mr_self_destruct]

Big companies often accept whatever you offer them rather than facing the expense and time of taking you to court. Offer to pay them back a token amount each week.

[mr_self_destruct]

Just remember their only real power is the fear they install in you.

Very true.

[loderlive]

Big companies often accept whatever you offer them rather than facing the expense and time of taking you to court. Offer to pay them back a token amount each week.

Very true because it's still a profit margin from a non existent entity. Court means a loss or a risk so need hard evidence for asset return to do so. To them its a numbers game and so it should to us.