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Dealing with Debt / -900 in overdraft
« Last post by lg2701 on Jul 01, 2019, 09:56:32 PM »
I am currently -900 in my overdraft. Up until in started my new job I was never in my overdraft, and if I was it wasn't a large amount so could pay I off with relative ease. When I started my new job, my payday was different. Because of this my outgoings were set up differently and to come out on the 15-18th of each month, as I got paid on the 15th of each month, now I get paid at the end of each month. Because of this my outgoings went out before I was paid, putting me about -600 in my overdraft. I've never been able to recover and have gone into it a further £300 with other unexpected expenses. I'm now -900 and I have about £400 saved in my ISA but that's for my holiday in august which I'm looking to take about 800-900 pounds of spending money, which is going to put me into my overdraft further. I don't really want to call it off as I have already spent £400 on the flights and accommodation. I just feel trapped now and don't know how to pay off £900 with all my outgoings added on top as well. I earn about 1,300 a month and I'm hoping for a pay rise soon, but I just cant seem to save money and I'm constantly going over my overdraft limit and my ISA money is dwindling fast (it 600 2 weeks ago). What is the best course of action to resolve this? A few months of extremely tight budget? A second job at night? I was considering doing food delivery at night as well as my trainee electrician job during the day.

I just want to not constantly worry about my spending, every penny I spent causes me to overthink and worry. It really getting me down. Any help would be appreciated!
Dealing with Debt / Lying on application.
« Last post by Debtmonkey15 on Jun 17, 2019, 11:41:01 PM »

I know this is really bad. I’ve had myself in really bad debt problems which I have gotten out of.

Since then I cannot even get £50 credit or a current account.

I recently set up a bank account with a bank and lied as I’ve just moved house. I said I’ve lived there for the past 5 years. They’ve accepted it and given me a £500 over draft. As long as I pay this back (lesson learnt) will I be okay?

Dealing with Debt / Re: How much debt have you walked away from?
« Last post by HonmaDP on Jun 08, 2019, 10:33:23 PM »
Just recalculated.

Will be £120k when I sort out the rest.
Dealing with Debt / How much debt have you walked away from?
« Last post by HonmaDP on Jun 08, 2019, 09:51:21 PM »
Including a dodgy meter reading when I changed energy supplier, credit cards and a few business debts including over 30k I’ve not been pursued for.

About 90k.

I’ve got about 4K on my credit file that will fall off in a couple of years.
Bankruptcy / Will you definitely lose your home if you declare bankruptcy?
« Last post by DaveUK2019 on May 31, 2019, 04:25:15 PM »
Hello Everyone,

I am considering declaring bankruptcy and I have a home I purchased in 2017 with a mortgage, I have been making mortgage payments by renting out the property and I really don't want to lose it as it really is my only asset and my proudest purchase.

Will I lose my home? Has anyone here lost theirs?

Thank You
Bankruptcy / Holiday after bankruptcy
« Last post by Bohemian100 on May 28, 2019, 02:08:55 PM »
i went bankrupt on the 06/04/19, most of my debtors were credit cards, in January 2019 i purchased a holiday(flights & hotel) with one of the cards that are now part of my bankruptcy, i had no idea at the time of booking this holiday that i would be bankrupt, i have just recieved the flight tickets & accomadation voucher for this holiday, now i know it would be morally wrong to take this holiday but would it be illegal & in breach my bankruptcy?
Bankruptcy / Re: PPI Refund
« Last post by HeadCandy on Apr 30, 2019, 11:59:07 PM »

Hello Everyone.

Would much appreciate some advice on this as now getting chased by the PPI Refund people.

Thank you so much.

Dealing with Debt / Deceased owes Money
« Last post by WelshWarrior on Apr 23, 2019, 05:34:02 PM »
I am the Executor of my Mother-In-Laws will (not a solicitors will but a home-made one) the more I am going through her paperwork I am finding debts everywhere from Credit Cards with Vanquis, Aqua & Capital One to Debt collection agency's which are RedCats, Moorcroft, Robinson Way, Brecon Debt Recovery & La Redroute.
There is a couple of hundred in the bank but no where near enough to cover these debt's.
Am I liable for these debt's, do I need to contact them to inform them? Which is the best way to deal with this?


Bankruptcy / Re: PPI Refund
« Last post by HeadCandy on Apr 13, 2019, 04:46:23 PM »
just to clarify - the £12000 is being paid to the insolvency service.
Bankruptcy / PPI Refund
« Last post by HeadCandy on Apr 13, 2019, 04:45:05 PM »

Dear All

I wonder if you could advise with your views on this subject.

I declared bankruptacy in 2010 and am now clear of that.

Recently I sought to do a couple of PPI claims through a Claims company.

I was initially interested in PPI on a mortgage held with my ex wife 1999-2001, so sometime before the problems that I had. We divorced in 2003.

The claims company uncovered a credit card that I had had from 2003 until my bankruptacy. This credit card company has admitted miss-selling and has come to the conclusion that I am owed £12000.

They have written to me and explained that this money will be paid to the official receiver and that that they are still interested in my case, and so the money will be paid.

Now I do accept this although of course the money would be handy but if that is the law, then so be it.

I am concerned that the claims company may pursue me for money - I believe around 25%. It does say in their terms and conditions that they wont do this if the money goes directly to the insolvency service. I am worried because I am not sure if I declared that I was bankrupted on the form because I don't consider myself to be bankrupt, having been discharged.

Clearly I don't want to get a bill for £3000 for a chunk of money that I have never had.

I would welcome comments and advice.

Best regards

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