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Thread: Be Honest
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23rd February 2008 #1
Be Honest
Be Honest, how many guys here moved to Phils and forgot to pay off their credit cards etc?
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23rd February 2008 #2
wobbly bob, do you have one leg longer than the other
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24th February 2008 #3
Do you have a realtive called sideshow.? Tempted but never done it
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24th February 2008 #4
Can you believe this..Im still paying mine off as the balance wasn't worth losing my credit points for..
IMO,if you knock them,dont do it for peanuts..50K at least.
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24th February 2008 #5
But if its 50K and as Debt recovery becomes one of the growth markets in the UK, I would have thought they would go looking for any assets you leave in the UK to try and recover even part of the debt surely?
In a flat i lived in one of the people before me left a debt not that big and the effort they went to recover it must have added a fortune to the debt.
I know of one mate who left for Canada who forgot about his Student loan and what have you and feels he can't come back for any length of time or return for good and of course his credit rating is at defcom 5
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24th February 2008 #6
50k would be worth it
well, what would happen if you got yourself in debt, and put the 50k under your bed, made, opps i mean got made redundant, went to CAB, who wrote to your Credit card companies explaining the situation, and would they freeze the interest, and take a payment of £10 a month, as this is all you can afford as your not working, will they take you to court or try and bankrupt you , well if you made efforts to pay them back, who knows , get yourself a job and err well ..
just wondering , i wouldn't do it, not til my misses gets a good job, then we wouldn't need to do it
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24th February 2008 #7
Like you say its a tricky one to judge i have heard of people having problems after a few missed payments and others getting a far more easier time. I mean the best example is the man who didn't pay his mortage for 15 years or so getting away with it
http://news.bbc.co.uk/1/hi/england/m...er/7243246.stm
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24th February 2008 #8
i know someone who owed nearly 25k, and went to CAB, they wrote letters for him, showing breakdown of his monthly costs, and made an offer of £10 a month, which in the end they accepted, becuase they didn't want to inccur more costs of taking him to court and making him bankrupt and getting nothing, i suppose £10 a month is better than nothing , i don't think he even got a IVA, hes still must have a credit rating or it wasn't checked as he has a bank account and had no problem renting a house..
that reminds me, i'm still getting letters from the magistrates court for what looks like a polish surname, they've getting closer thou, first lot came from a court in cumbria, then demands from blaiffs, and now salford magistrates courts, must have been 20 letters up to now !! hehehe what a waste of tax payers money, maybe i'll phone them and tell them, their wasting their time..
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24th February 2008 #9
I would if i was you otherwise you will have the baliffs at the door, of course doesn't matter if you answer and show some I.D.
But they normally turn up at the oddest time ( the nieighbour had one for a parking fine a few years back knock a few times) and if no one was in or just the Wife it may distress her.
Sounds like your friend had no assets otherwise they would have gone straight after them.
I think now they have to offer you a basic form of bank account, even credit card the one many of our wifes get when they first come over with no Credit history.
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25th February 2008 #10But if its 50K and as Debt recovery becomes one of the growth markets in the UK, I would have thought they would go looking for any assets you leave in the UK to try and recover even part of the debt surely?
Do you think they might?
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25th February 2008 #11
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25th February 2008 #12
On sunday i met up at the football with a few city bods and some of them are looking to moving into different areas as the ecomony chnages and most of the growth areas sound like glorified debt avoiders or collectors on super bunce.
Trust me its the growth area either in advising and dealing with Business going broke or debt managment in the UK.
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