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notgood

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  1. Hi fkofilee, are you certain of this? Do people think it is worth going through the process of defaulting, letters/threats and inevitable CCJ instead of bankrupcty? I know it can be stressful but stress asside is it a better or viable option to bankruptcy?
  2. Hi. Sorry i havent replied. Just been trying to get through the week, extreme stress. Thank you all for your points. I have taken your advice and gone to my GP and told her everything. she is helping me. I have contacted gamcare and self excluded myself for 5 years from the site I was using. ericsbrother no i am not, i think i know why you are asking having googled it now. I have read in forums somebody suggest that if you can handle the pressure and are able to deal with creditors demands and DCA and also if you can deal with the inevitable County Court claims then there is no reason to go bankrupt. Is this accurate? When i inevitably default on my 4 debts (4 loans) and if they subsequently apply for CCJ and I can prove that I can only afford an 'X' amount per month will the judge force the creditors to accept that amount? If instead of say £100 per month per loan I can only afford £15 per month per loan? Do the creditors have to accept that? Can the judge force me to go bankrupt or anything else if i cant possibly afford more? thank you again
  3. i am thankful to everybody who has taken the time to respond to me. I am so ashamed and disappointed with myself. I actually cant stop crying reading the replies and wondering what took over me to make myself be in this position, for the first time in my life, so quickly. I dont know why i am not able to deal with this either. i feel very helpless and physically ill thank you
  4. Hi. I have just registered, although I have been on this forum many times over the years as a guest. I am in a bad place, i feel embarrassed. After my marriage broke down this year my ridiculous reaction to the stress and sorrow was to start gambling online and I am now in a position where I owe £30k. I have taken, all in the space of 5 months, 4 x £7.5k loans and have lost it all on a crazy impulsive online gambling spree. I am absolutely disgusted at myself about this behaviour so please do not act on your urge to tell me how wrong this was. I know more than you can imagine. I have never, i repeat EVER gambled in the past and I am a 52 year old man. I am not and have never been a gambler which is why this is even more difficult to make sense of. I had zero debt just 12 months ago. My question in this instance is this: Given the way this debt was taken out, ie in a very short period, spent on gambling (with the ridiculous hope of making losses back each time) and the fact that I exaggerated my income by about 25% in my loan applications, can this lead to a Fraud or criminal prosecution? I didnt lie about anything else, and I stated my other loans at each new application. Can the banks or the official receiver (i will be going BR ) find this behaviour so wrong that I could be charged? I understand that I will most definitely be having a BRU. The use of the funds is clearly documented in bank statements. ie I didnt take loans out and cash them out or purchase things, or give to friends or go on holiday. It was all used on gambling over a very short period. Please only reply if you are aware of English Law regarding fraud (if this is in fact fraud) and under which section of the Fraud Act? I really need some solid knowledgeable advice as I am extremely stressed. I have been reading about S1, S2 of the Fraud Act and searching online but can not really find something clear to suggest whether this is something that, a) can be prosecuted, and b) is in fact prosecuted. Some posts in other forums state that they have never heard of anybody being prosecuted for lying or exxageratin on a consumer loan application but I find that hard to believe? Why would the CPS have a Fraud Act and why would they not pursue it if a bank requested them to? If anybody has been prosecuted please share your experience or some points, or PM me if you are not comfortable to post online. If this is in the wrong forum please move to the appropriate one. Thank you
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