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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by dorset1[/i] [br]hi i bought my flat for 130k in late 2005 and went back to my bank a month later looking for a credit card. they said no as i couldnt get an unsecured loan but i was told i could borrow more on my mortgage. they said the value of my flat was 158k so i had plenty of equity and they lent me another 10k. in the 90s i was a gambler and i got tempted, started again and blew the lot! i went back to the bank a few times and the value had gone up to 185k according to them so they kept lending me more and i even got secured loans from other companies. i quit gambling in march 2007, deeply regret everything of course, but i cant afford these repayments any more. i rent the place now and live with a friend rent free but i have nothing left each month. ive missed payments and i want them to re-possess but i know deep down that they must have made a mistake and had the wrong valuation of my flat, its worth about 135k now so i would have a 50k shortfall. i would like to go for bankruptcy but i fear prosecution, i never lied on a form but still, deep down i''m sure there was a mistake on their system. im so worried about the consequences but is bankruptcy a possible way out? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.