supra-lover Posted August 12, 2006 Share Posted August 12, 2006 i'm in so much debt it's really getting to me now:( abby have charged £110 for debit charges so i'm totally fucked now,,,,theres me thinking i'm gonna pay my too credit cards off today but i cant coz they have taken that, i'm fucked now....help any advice Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 Check out IVA's.. Along the same sort of lines, but not as dramatic.. Link to comment Share on other sites More sharing options...
CJ Posted August 12, 2006 Share Posted August 12, 2006 How about selling your car to start paying off your debts? Link to comment Share on other sites More sharing options...
Alex Posted August 12, 2006 Share Posted August 12, 2006 Did you do anything that was advised last time?? Sell the car, stop paying for a gym membership, get a 0% balance transfer CC and use it to give yourself some breathing room. And stop going out for a few weeks. Link to comment Share on other sites More sharing options...
jazz1 Posted August 12, 2006 Share Posted August 12, 2006 either sell your car or dump your girl Link to comment Share on other sites More sharing options...
Pig Posted August 12, 2006 Share Posted August 12, 2006 how much are you in debt? Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 You can also claim back any bounced debit charges, there was something on here a while back about that... Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 Did you do anything that was advised last time?? Sell the car, stop paying for a gym membership, get a 0% balance transfer CC and use it to give yourself some breathing room. And stop going out for a few weeks. i did but it was all mind blowing:( have you got any links i caould check out mate?? Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 how much are you in debt? i'm 23 .......got a 15k loan £3.500 on credit cards mate Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 Definitely, go for IVA then... Over 3/5 years at £250, soon clear the debt, and unlike bankrupcy shouldn't stay on the record too long after you clear it. Link to comment Share on other sites More sharing options...
Alex Posted August 12, 2006 Share Posted August 12, 2006 i did but it was all mind blowing:( have you got any links i caould check out mate?? If you find it mind blowing talk to someone you know well that is good with this stuff, whatever you do, don't hide from it. You must know someone that's good with money? What about your parents mine gave me some good advice when I needed it... But my girlfriend is so careful of money it's scary!...she's rubbing of on me and has helped me become much better at handling my money. Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 http://www.supersonicsquirrel.net/ Link to comment Share on other sites More sharing options...
Alex Posted August 12, 2006 Share Posted August 12, 2006 Gav, got a link for this IVA? LOL - too late Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 hehehehehe.... Was looking for one as I typed it... I considered it through Gregory Pennington in the past... Seemed to be okay Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 If you find it mind blowing talk to someone you know well that is good with this stuff, whatever you do, don't hide from it. You must know someone that's good with money? What about your parents mine gave me some good advice when I needed it... But my girlfriend is so careful of money it's scary!...she's rubbing of on me and has helped me become much better at handling my money. yeah mine is like that, she knows whats going in and whats going out 100% spot on with money she is,,not her problem though, it's not really a lot of money but it is starting to get on top of me now.see i was living the life style of £500 a week i got made redundent after 6 years and the only decent job i could find was paying 300 a week and i'm paying shit loads in petrol to get there, so if i work it out i'm really only taking home say 260 270 a week:( Link to comment Share on other sites More sharing options...
Scoboblio Posted August 12, 2006 Share Posted August 12, 2006 The best advice I've heard was on the radio.... someone had got themselves deep into debt after buying a huge 4x4, new house etc etc. They were advised to sell the 4x4 and move to a smaller house. While the causes of the debt are still around then you're going to find it nearly impossible to get out of it. Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 Whats A Iva?????? Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 Yeah, similar story here... Was working for the DotCom's in the day, was making a silly amount of money back in 2000 (£100k+)... and then all of sudden it stopped.....company folded... Was used to just buying whatever I wanted when I wanted it... when I ordered sky I ordered all the packages, that sort of story.... Needless to say, the most sobering thing in the world is when I was used to walking past the DVD shops and buying random ones...to suddenly walking past the shops and almost buying a chocolate bar and suddenly thinking 'hmmm, that 35p can buy me a can of food'...sad I know... but it does kick you in the teeth.... Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 Yeah, similar story here... Was working for the DotCom's in the day, was making a silly amount of money back in 2000 (£100k+)... and then all of sudden it stopped.....company folded... Was used to just buying whatever I wanted when I wanted it... when I ordered sky I ordered all the packages, that sort of story.... Needless to say, the most sobering thing in the world is when I was used to walking past the DVD shops and buying random ones...to suddenly walking past the shops and almost buying a chocolate bar and suddenly thinking 'hmmm, that 35p can buy me a can of food'...sad I know... but it does kick you in the teeth.... SO IF I WENT BANK RUPT WOULD THAT WIPR MY DEBTS??? Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 Yeah, but if you go bankrupt, they will take everything they can to PAY the debts... bikes, cars the lot..... Think carefully, and get some proper financial advice from people who do it, not off some people here on the board (Sorry, not offence meant to people here as such), but speak to someone who deals with this kind of stuff daily... Link to comment Share on other sites More sharing options...
Alex Posted August 12, 2006 Share Posted August 12, 2006 Click on the link Gav (Pheonix) gave you and read up on IVA's. It's better to do that than be bankrupt. Link to comment Share on other sites More sharing options...
supra-lover Posted August 12, 2006 Author Share Posted August 12, 2006 Yeah, but if you go bankrupt, they will take everything they can to PAY the debts... bikes, cars the lot..... Think carefully, and get some proper financial advice from people who do it, not off some people here on the board (Sorry, not offence meant to people here as such), but speak to someone who deals with this kind of stuff daily... the thing is my loan will be up in 2 years... 370 a month.....do i struggle for to years till that is payed or go for the easy option??? i will be starting my new job in a coyple of weeks HGV driver so i'll be earning a lot more doing that for sure....is there any millionars on here that can bail me out lol lol Link to comment Share on other sites More sharing options...
JustGav Posted August 12, 2006 Share Posted August 12, 2006 The other option is... Try the nice soft approach and phone up the loan company and ask if you can adjust the payments....... stretch it out a bit until you get the new job.... however you will have to be disciplined not to suddenly start spending the extra 'free' cash you get... Link to comment Share on other sites More sharing options...
CJ Posted August 12, 2006 Share Posted August 12, 2006 I'm sorry to sound harsh but FFS wake up and smell the coffee. You are in debt and have an asset that is worth about 4k. Sell he car and face up to your responsibilities. Going bankrupt is not an easy option. Have a look here for some good advice but be warned, you will lose everything! Link to comment Share on other sites More sharing options...
Alex Posted August 12, 2006 Share Posted August 12, 2006 You've got about 8k outstanding at 24*370...This can be re-arranged over a longer period. The loan company won't mind doing this as they'll get more money in interest. If petrol is costing you, swap the car for a diesel!!!! Link to comment Share on other sites More sharing options...
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