Debt Issues HELP - -- -- card bills?
just answer my above question only !
Visa 1000
Egg Visa 2000
Littlewoods cloths 800
Comet 400
Capital one 900
all they have done is write me letters and thats it , Same ones over the past 6-7months !
is there away i can get out of it ? Some ideas please . UK Answers only .
Answer:
Hmm, well that's over £5,000 you owe there, so I can see your reluctance to pay, however.
Of course the letters will continue, but they will only get worse.
The companies you owe to will eventually pass your debts onto debt collection agencies who will not be as shy in approaching you for THEIR money.
You can expect frequent letters threatening court action, with the possibility of bailiffs knocking at your door, and/or money claimed from your wages.
You may receive a summons to a court hearing. Failure to attend will mean a visit from the police (not to mention stupidity), because you will then have a warrant out for your arrest. You may not think it, but not paying your debts is stealing.
If you really insist on ignoring your debts, I suggest you change your phone number, change your address and job every few years, and never plan on buying anything through finance or credit companies - you can certainly forget about having a mortgage.
Try to take all your cash out of your bank account as soon as you can or get a cash-paid job so you are not constantly worried about your assets getting frozen.
Oh, and because of the police warrant (if you get one), I would consider taking all your holidays in the UK because you have a good chance of being arrested at the airport when your passport is checked.
Suffice to say, despite your insistence at not wanting to pay I suggest you re-think your situation before it spirals out of control.
It would take a few calls to the people involved to come to some sort of agreement, and there are plenty of places offering advice if you are struggling financially - the Citizen's Advice Bureau for one.
Even if you lay low and manage to avoid prison, I think you'll agree that ignoring your debts will seriously ruin your life.
You are in control now, why do you intentionally want to sabotage your future?
I am not being cocky, just realistic. Don't say you were not warned!
YOU CAN NOT GET OUT OF IT AND THE CREDIT BUREAU WILL RUIN YOU . YOU CHOSE AND NOW YOU WILL PAY ONE WAY OR ANOTHER .
The good news is that you don't have to pay any of your bills. The bad news is that your creditors will either garnish your wages or force you into bankruptcy. or both.
The best thing for you to do is to go to the citizens advice and see if they can help by reducing your payments and perhaps stopping interest from accruing. The other choice is to cut back on as much as possible and try paying off the highest card first then go on from there its far harder to get out of debt than to get into it.
Ok I'll try not to be a smart guy. You have stolen a lot of money. It came from some where. Its some ones money. If some one had your money, you'd go after it in an effort to collect it. So will they. Letters for a while. Then a collection agency. The collection agency "buys" your debt from the bank. Then they go after you. They can be as aggressive as loan sharks. If they get a court judgment against you, your screwed. They will take the money right out of your paycheck. As mentioned above, you will have to live life on the run. If you check the crime statistics you will realize your going to be treated worse than most muggers. Even murderers in prison for life spend less actual time in jail than you may do. Killing some one is one thing, take a banks money, and you have really stepped over the line. I know it sounds like I'm being sarcastic but its the truth. AS mentioned above failure to appear in court, and the judge will show you no mercy. Once you piss off the judge, your double screwed. My ex-wife is living the nightmare. Failure to appear, added an extra 500 to her monetary problems. The judge is hard to ignore. Fail to pay him and you could be sitting in jail. The price of getting out of jail by the way is determined by what you owe. So unless you have the money or a stupid friend who is dumb enough to bail you out, knowing you have no intention of repaying, your going to be sitting a long long time in the drunk tank.
IF they should find out some one has made a post of this nature on the internet and can trace it back to you, you could be in a lot more trouble. You have made it clear you have no intent to pay. This could get you charged with fraud and thieft as well. The odds are against it but you have posted your debt list. If some one working your case should recognize it, a search warrent could follow. The the police will be knocking on your door. I suggest you do one of two things. Run like hell right now. It will cost you more to run than to repay but I'll let you figure that out on your own. Or you could contact them and eat dirt. After you plead for mercy, start making payments. It may only be letters you toss in the trash now, but it will get worse. They can squeeze blood from a turnip. I could not get my ex-wife to help pay off any of the debt she racked up. Thats why she became the ex. Now that we are divorced, she continues to spend as before. She has judgments against her, she will not see a home of her own anytime soon. Ok not in this life time. She has lost her car, her appartment, her drivers licence, her freedom, her children. Yes she lost custody of her kids. And like you she still doesn't get it. Good luck with that. Be honest with your self for a second. If some one owed you 5100, would you just send them a letter? Would that be the end of it? Would you try every resorce to regain your money? And you think they won't?
some of the advice you have been given above is not correct. Let me fix that. Working under the table is a good idea. Moving however should be down about every 6 months or less. Do not have anything in your name. No home, rented room, credit card, phone bill, electric bill, car etc. That is one way for them to find you. Have your bags packed at all times. You never know when you may have to grab your bags and run. You will need running cash. Never have less than about 900 on you at any given time. When you go to work, take your prepacked things. You may not be able to return home by the end of the day. You may not be able to finish out the day at work. You may not be able to collect your last paycheck. So you will always need some starting over money. Deposits on utilites and rent and all that can eat you alive. Develop a network of stupid friends who will take you in, in the middle of the night. You will be spending a lot of time on the couch with any of them dumb enough to let you in. Your going to need a lot of safe houses where you can crash and have a roof over your head. I would not care much for a life like that, but what ever works for you. By the way my ex has had to move again. She wore out her welcome in her grandmothers attic. Its your life, enjoy.
Hi there,
I know how you feel - have been thre myself. There are several options open to you. Bankruptcy or an IVA would mean you only pay back a fraction of the debt and the rest is written off, but they both have other consequences. I'm afraid the companies won't just let it lie, believe me!
Look at www.moneysavingexpert.com it's a free to use, not for profit site that has a lot of really helpful info on debt and all the different options.
Good Luck x
IGNORE ALL THE ABOVE
IF THEY KNOCK AT YOUR DOOR - YOU DONT LIVE THERE OR ARE NOT THAT PERSON
ME AND A FRIEND OWE MORE THAN THAT I HAVE A CCJ
I MOVE EVERY FEW YEARS AND NO ONE HAS CAUGHT ME
IGNORE THE " THREATENING LETTERS"
YOU WILL BE OK AS LONG AS YOU DO NOT ANSWER THE DOOR
IF YOU WANT YOU CAN OFFER TO PAY BACK SOMETHING STUPID LIKE A FIVER A MONTH ITS UP TO YOU BUT DONT WORRY TO MUCH
THERE ARE HUNDREDS OF PEOPLE THAT DO THIS
<<<<AND THERE ARE THE PEOPLE THAT WORK FOR THESE AGENCIES AND THE BANKS THAT ARE TRYING TO SCARE YOU >>>>>
JUST LOOK ABOVE
you say they're not big amounts..big enough for you to still get in serious grief over it, I'd like to know what your aversion is to paying them back, you spent the money, imagine if you'd lent a person £5000 and they just decided they weren't going to pay it back. I'm sure you wouldn't let it be forgotten. If u genuinely cannot pay it back then I'd suggest going to the Citizens Advice Bureau, if you just don't want to pay it back then expect everything that's thrown your way, trust me it wont be pleasant but its what you've chosen :-)
If you keep ignoring them, they'll keep writing you till eventually they take you to court. You've not explained why you don't want to pay them. If you don't want to pay them just because you don't feel like it, please let me know how you get on, I just might try that with my mortgage company.
If it's because you think they are charging you incorrectly, you should contact them and ask them to reverse the charges stating the reason.
If it's because you're having financial difficulty, you should contact them all stating your current situation - attach a budget if possible. Whatever you do, don't ignore them. There's a way. The national debt line has a number of self help letters that you can use to contact these people. If it's really desperate, I think the consumer credit counselling service can help you renegotiate your debts with the companies.
All the best
Realistically it costs a creditor about £1500 to make someone bankrupt so for your level of debts it isn't going to happen.
Your creditors will eventually sell you debt on to a collection agency. The collection agency will pay about 85p in the pound for your debts. They won't tell you this and will still try to collect the full amount owed.
What happens now depends on your personal circumstances.
What do you have in the way of assets ?
Do you own your property and is there any equity in it ?
How much do you have in your bank accounts ?
How much is your car worth ?
Do you have any investment accounts ?
Are you working regularly ?
If you are a reasonable target because of any of the above then the debt collectors will take you to court and obtain a CCJ. If you fail to adhere to the terms of this then the bailiffs can come in, seize your goods and assets and auction them off to raise money to clear your debts. Note that costs will now have been added to the original sums.
If however you don't have any assets then you could simply ignore all the letters and as long as you don't contact any of your creditors after six years the debts are wiped out, see first reference below. You'll probably need to keep moving around, not have any credit cards or bank accounts but it's fairly straightforward to live on a 'cash-only' basis.
Debt collection is a business like any other and if after a period of time with you ignoring them the Collectors will in turn sell on the debt to another agency. This agency will buy the debt at a discount but still try to obtain the original amount owed. If you do the maths you can see that the original debt becomes more heavily discounted with each collection agency it passes through and therefore worth less time and effort to collect. If they do trace you then there will be all sorts of special offers of a discounted settlement but simply remember the six year law.
You also have the option of going bankrupt yourself, see second reference below. You can be discharged after 12 months but there are a couple of points to note.
You need to declare any bank accounts that you've had in the last two years, so if you're going to 'lose' some cash then close your bank account and wait two years.
You may not get discharged after 12 months if the Receiver believes you haven't been completely honest with him.
The question of what to do is a personal one and has to fit in with one's own view the morals and ethics of the situation
Ok, I've read all the other replies, agree with most, totally disagree with others, but honestly for the life of me cannot understand why you are asking this question in the first place.
But I will answer it. Here goes:
Card bills?
Yes, you have them.
What will happen if I don't pay them?
Expect more letters, more letters, final demand letters, baliffs, court orders, police knocking at your door, etc, etc.
Will they just send me letters and that's it?
No. As stated above, you can expect baliffs requesting your belongings instead of payment, and possibly the police knocking on your door for failing to attend court.
Would like to point out that whatever jamesdean2002uk says is totally wrong.
There is no point pretending you are not the person owing the money because the bailiffs, and especially the police, WILL ask you for identification if you answer your door.
Yes, you can ignore the banging on the front door, but bailiffs act on their own rules and can access your property and take your stuff by force even if you don't open the front door willingly.
Do you think the police will do anything less? If they have a warrant and they suspect you are at home then no closed door will stop them.
Despite all that, then to comply with other answers, yes you could continually run to avoid your debts: you may as well get a caravan and become a traveller.
I mean, what hope would you have for the future? Do you think your status, or non-status in society, will attract you a suitable mate?
How could you live, and provide for a family with no stable surroundings?
But, let's imagine you achieve these things: you scamper about all your life, grow a healthy family unit etc.
You cannot escape the ultimate life-check - that of the death certificate.
I can see it now:
"Well, son, your father had thousands of pounds hidden in that old mattress and he left everything to you.
. but sadly, it seems he had a few debts from thirty years ago, so."
I think you can guess the rest, but to be honest, you don't seem to care too much now that you are alive, so why should you care when you are dead?
Like I said: I read the other replies. Some gave good advice, others not.
I answered your question as best I could, but I think you know yourself the proper answer, and you know, for yourself, what you should do.
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