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Hi,

 

I'm trying to create a new thread in Formal Solutions: Bankruptcy, Administration Orders, Debt Relief Orders and IVAs

 

Can someone please look into it?

 

Whenever I try and click on the Title thread; it returns me to the sub forum. Same when I try and click on the area to create the main body of text.

 

Thanks,

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do it here well move it

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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do it here well move it

 

 

dx

 

 

Ok thanks. Tried doing it at work too but it's still essentially using the input box as a hyperlink.

 

POST:

 

My wife has £20k of debt from 2 HP (car) agreements, a bank loan, store card, 2 credit cards and a laptop.

 

She has gone over her capacity for paying this back.

 

We haven't been married for long so the scale of all of this was kept hidden from me for some time but hey, it's one of those things.

 

My credit was shot to pieces by companies like Turnbull Rutherford (blast from the past) but over the past few years has been getting better. I'm in a position to apply for a mortgage in my own name etc.

 

Anyway, my wife earns £1100 after tax etc. Her debts, on a monthly basis, equate to around £600+ per month.

 

I'm thinking at this stage she is best declaring bankruptcy. She has gone way over her head with this. No idea what kind of finance institutions were carrying out credit checks to allow her to be in this much debt but it's the situation she's in and one I have inherited because I love her and don't want for this to affect our relationship.

 

Does anyone have any advice on whether this would be a positive step for her bearing in mind she has no assets, no career which would ever require bankruptcy being a problem and cannot afford to repay the amounts they are demanding per month.

 

All other attempts at negotiation etc have failed with the finance depts of the respective companies and, to be honest, I already have a lot of maintenance payments to make and my education fees to cover so it's not realistic for me to take on these debts.

 

Thanks in advance.

 

V

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Thread moved to the appropriate forum and thread title changed.

 

Andy

We could do with some help from you.

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not being nosey

but could you list here debts

what they were

the OC

and if they are owned by a DCA now and what she pays and take out date?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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They are all debts from 2014. No DCA contact yet. She's been keeping her head above water with them but as she fell pregnant 10 weeks ago, we're combining finances to some extent and some hard truths are hitting home.

 

She is one month behind currently but there is no realistic way to pay once she is on maternity leave etc.

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ah that's a shame 2014 not a lot you can do

might be the only answer

unless the creditor would agree to 18mts?

low payment?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hello vjohn :)

 

 

Is the debt total over or under £20,000 ? If under and with no assets eg home ownership - then your Wife might be able to apply for a Debt Relief Order - far less traumatic than BR for real !

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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