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frank-watkins
Starting Member
United Kingdom
10 Posts |
 Posted - 02 March 2009 : 13:53:13
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i just read through that debt relief order thing and its nonsense and gave me false hope.
it say you have to have less that £50 a month to live on... rediculous, even the lowest of the lowest dole payments is more than 50 quid a month.
the citizens advice place here in blackpool doesnt even have a damn appointment service...you gotta cue up for over an hour every day in the hope you get seen by the 2 or 3 people in there.
all i can see is maybe going to jail, and id gladly take that option right now cos i now have zero access to money, im overdrawn and no chance of help from anyone.
i knew there would be a catch, and there was and i fell for it.
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 02 March 2009 : 14:27:13
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For one thing if your debts are over £15k as per your original post you would not qualify for a DRO and would have to go down the bankruptcy route as a solution. DOR's are for people with debts UNDER £15k,secondly the £50 in the DRO refers to disposible income - that is income after your allowable expenses ie rent/utilities/food/travel costs etc
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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frank-watkins
Starting Member
United Kingdom
10 Posts |
Posted - 03 March 2009 : 23:08:44
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yeah i re read it again.yesterday was a bad day,anxiety gets the better of me most days.
my loan is being paid off with loan protector.they told me on the phone that they can help me get shut off my card debts though,
will just have to wait till april 6th and go to citizens advice at around 6 am ;-)
sorry for the previous post.
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frank-watkins
Starting Member
United Kingdom
10 Posts |
Posted - 01 April 2009 : 11:53:43
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Hello again.
Im relying on this DEBT RELIEF ORDER on 6th april,it is my last hope.i have zero cash left,my gambling has now milked me dry.ive had several loan companies on the phone talking nonsense wasting my time and irritating the hell out of me, im not looking for CONSOLIDATION at all.Infact i will more than likely go for complete bankrupcy and to hell with the consequences...maybe it will also get me out of my 3 network poxy mobile contact too and get everyone off my back.
I was hoping one of these companies who have been calling would offer me a straight loan..i would of taken it regardless of interest.been signed off sick again for next 6 months so my loan at the bank is covered but i now have 3 credit cards milked totaling 9 thousand and rising with the interest.
im hoping i can sort this out on the 6th like ive been told i can....if i was somehow lied to or decieved in any way... then my only option is applying for every single card i can get my hands on and paying off one with the other...then jail.
cant think straight with no money in my pocket.
if there is ANY CATCH AT ALL....in this debt relief order please can someone tell me.
on the 6th...all i want to do is go to the citizens advice and fill out whatever forms i have too,give em all my demands and walk out the door without feeling suicidal.
if i can do this maybe things will be ok,but at the moment id gladly milk another card if i had one.cant help it.
sorry for the rant. just at the end of my tether so to speak. and the moron who just called me gave me false hope again. |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 April 2009 : 12:19:41
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Please can you confirm how much you owe, as in your original posts you say 30k and if this is the case you won't qualify for a DRO.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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frank-watkins
Starting Member
United Kingdom
10 Posts |
Posted - 01 April 2009 : 12:37:38
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I owe now 3 cards.
1 £1000
2.£1500
3.£6400
all with interest rising...
my loan of 23 k is being paid off by the loan insurance company while om off sick and i will never return to work at all.
ive currently no available cash at al... i just had ANOTHER call from another loan company, i dunno where they got my number from,next caller gets told that im dead anyway regardless who it is.
so yes my debts that i cant sort out are around 9 thousand. i cant possibly go the next 5 days without money though so thats why i was ready to take any offer of a loan as long as i could get it today or latest tommorow. cant think straight...
just now... i got a text also.. "loan finance we can help"
christ, i just want everyone to just drop over dead and leave me alone.
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warsteiner
Starting Member
7 Posts |
Posted - 01 April 2009 : 16:54:57
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Frank, you need to seek expert advice to get out of the mess that you are in. I have spoken to a couple of IPs over the last week and they were both great and do not judge you.
It's been 1 month since you made your original post and it doesn't look like you have sought any advice. Got to your local CAB or speak to a couple of IPs as your situation isn't going to get any better unless you take action.
Do not take another loan or credit card as this could go against you if you do declare bankruptcy as you will be taking the money with no realistic way or ever paying it back. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 April 2009 : 17:23:56
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Is there a time limit on the payments the insurance company will make to the loan?
The glimmer gets brighter all the time
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 April 2009 : 20:31:06
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Regarding the loan insurance - I still think that you will have to include the loan in your debts as I can't see that the insurance company will carry on paying if you enter any form of insolvency procedure as all debts must be included.
You really do need to take professional advice about your situation as I'm not sure the DRO will be the way forward for you due to your loan. You could try contacting Paul Johns from Reviva - his details are in the experts section at the side of the page.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 02 April 2009 : 00:25:16
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Frank,
I and a lot of other people on this forum can identify with what you are feeling and going through.
All i can say is take some advice from experts, these are mostly people who sort out problems like yours day in day out so you have nothing to worry about, they will have seen worse cases than yours!!!
As Skippy said try giving an expert like Paul Johns from Reviva a call i know for a fact he has dealt with worse cases than yours.
It honestly is not as bad as you imagine, all you have to do is take it one step at a time.
The first step is talk to someone who knows
Dave |
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frank-watkins
Starting Member
United Kingdom
10 Posts |
Posted - 02 April 2009 : 16:07:09
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HI.
im goin to CAB on monday first thing gonna wait outside bout an hour before so im first in the que.i will take all the papers i own and tell em everything.
i will let you know how i get on.
thanks again. |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 02 April 2009 : 19:35:14
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Have a good weekend Frank try not to stress too much it will all work itself out i'm sure.
Remember the experts are there all hours of the day and at weekends so if you need you can get some help.
That goes the same if the CAB are unhelpful, some can be great others are almost a waste of time.
Either way it's not a problem it CAN be sorted.
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.
Life's too short!!! |
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single father/no assets .i owe 30k!
