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It's a tough situation, and one I never wanted to face.

 

I've always prided myself on paying my bills, I've never wanted nor looked for any kind of easy way out. If I have used the money, I owe it and I want to repay it. But now its getting too much.

 

I owe over £20000 to numerous different people, banks and credit cards mostly, but a few other places as well. When I've been out of work previously, I and my girlfriend have had to have her take out loans or credit cards to help us get by, and with just her wages, she can just about meet all the repayments herself for those taken out in her name.

 

However now things are getting to be too much. I have been out of work since December and it doesn't appear that I will be finding work any time soon. I suffer chronic back pain, so much so that I can barely walk or stand for more than a couple of minutes before the pain becomes unbearable. Due to my being overweight, my doctor refuses to see past my waist line and will not sign me as unfit for work. I am still looking for work, hoping to find a job where I can sit down all day, because I AM capable of doing that, however I Don't drive and there are pretty much no jobs of that sort local to me.

 

Basically, my own debts are piling high and I have no way of repaying them. The Job Center has stopped my JSA as I have passed the 180 day mark for contribution based, and as my girlfriend works full time, I have no allowance for any other sort, so I have no income coming in to even give 5 or 10 pounds. I have tried offering £1 p/m but that was met with refusal.

 

If I found a job tomorrow, even at minimum wage working 40 hours p/w, that would be more than enough to meet all my bills and leave us relatively well off with disposable income (though I'd rather bank it in case of another time of hardship) but my opportunities for work are very limited and as such it could be months until I find work again.

 

I have no assets, no children, the only material possessions we own are standard fair, TV and DVD's etc.

 

Is Bankruptcy the right choice for me? Or do I have other options?

Unemployed for 225 days, 32 weeks. Here's praying I find work before 40 (at this rate before 40 years old, not 40 weeks :s)

 

vs Capital One: CCA req sent 6/7/09. No reply

vs LTSB Credit Car: CCA req sent 6/7/09. No reply

vs LTSB Loans: CCA req sent 6/7/09. No reply

vs Marehill Finance: CCA req sent 6/7/09. CA recieved 10/7/09

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you are not alone..........

 

i'd be inclined to fire off a CCA request to evryone of your creditors, and when they start coming back - start a thread in the relevent forum for the co.

 

pers i would not rec bk until your situation is fully investigated.

 

we are all here to help

 

the more you read the stronger you become.

 

dont forget also that any loans or CC's are fair game for reclaiming any charges. i'd also closely look check that you are not paying for any PPI's those you can also reclaim esp if you were mis-sold them

 

all the best

 

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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you are not alone..........

 

i'd be inclined to fire off a CCA request to evryone of your creditors, and when they start coming back - start a thread in the relevent forum for the co.

 

pers i would not rec bk until your situation is fully investigated.

 

we are all here to help

 

the more you read the stronger you become.

 

dont forget also that any loans or CC's are fair game for reclaiming any charges. i'd also closely look check that you are not paying for any PPI's those you can also reclaim esp if you were mis-sold them

 

all the best

 

dx

 

CCA's first. Ok I'll go with that. Thank you.

 

Next question, what are CCA's and how do I use them?

 

I'm sorry, you'll likely need to lead me around by the hand as I have no idea about any of this.

Unemployed for 225 days, 32 weeks. Here's praying I find work before 40 (at this rate before 40 years old, not 40 weeks :s)

 

vs Capital One: CCA req sent 6/7/09. No reply

vs LTSB Credit Car: CCA req sent 6/7/09. No reply

vs LTSB Loans: CCA req sent 6/7/09. No reply

vs Marehill Finance: CCA req sent 6/7/09. CA recieved 10/7/09

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Hi there, after reading your post, I appreciate where you are coming from. My partner has also been out of work since December, and due to him working in the building trade has not managed to gain another job since.

Bankruptcy is usually the last resort. If you have no assets, you would not lose anything by going bankrupt. However, it does have a stigma attached to it, and can affect future credit and employment and there is an upfront fee to bankruptcy of just under £500.

There is the option of a debt management plan where you can pay a minimum of £50 into the arrangement until you get back on your feet, and when you can afford to pay more. There are free of charge companies for this such as Payplan or CCCS.

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CCA's first. Ok I'll go with that. Thank you.

 

Next question, what are CCA's and how do I use them?

 

I'm sorry, you'll likely need to lead me around by the hand as I have no idea about any of this.

 

http://www.consumerforums.com/resources/templates-library/86-debt-collectors/581-cca-request-letter

 

post it off with a £1 PO

dont sign the letter as it might get scanned and copied over to fake docs.

 

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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Share on other sites

http://www.consumerforums.com/resources/templates-library/86-debt-collectors/581-cca-request-letter

 

post it off with a £1 PO

dont sign the letter as it might get scanned and copied over to fake docs.

 

dx

 

OK, lovely Il get started on that. Thank you.

Unemployed for 225 days, 32 weeks. Here's praying I find work before 40 (at this rate before 40 years old, not 40 weeks :s)

 

vs Capital One: CCA req sent 6/7/09. No reply

vs LTSB Credit Car: CCA req sent 6/7/09. No reply

vs LTSB Loans: CCA req sent 6/7/09. No reply

vs Marehill Finance: CCA req sent 6/7/09. CA recieved 10/7/09

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OK 2 quick questions before I finalize these and mail them out, should I send them too the original holding companies or the DCA's?

 

Second, HFC bank have no had there solicitors send me a typically nasty letter, should I send the CCA to the solicitors or HFC? And should I inform their solicitors about my sending the CCA at all?

Unemployed for 225 days, 32 weeks. Here's praying I find work before 40 (at this rate before 40 years old, not 40 weeks :s)

 

vs Capital One: CCA req sent 6/7/09. No reply

vs LTSB Credit Car: CCA req sent 6/7/09. No reply

vs LTSB Loans: CCA req sent 6/7/09. No reply

vs Marehill Finance: CCA req sent 6/7/09. CA recieved 10/7/09

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OK great, thanks.

Unemployed for 225 days, 32 weeks. Here's praying I find work before 40 (at this rate before 40 years old, not 40 weeks :s)

 

vs Capital One: CCA req sent 6/7/09. No reply

vs LTSB Credit Car: CCA req sent 6/7/09. No reply

vs LTSB Loans: CCA req sent 6/7/09. No reply

vs Marehill Finance: CCA req sent 6/7/09. CA recieved 10/7/09

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