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les2258
Starting Member
18 Posts |
 Posted - 09 January 2009 : 02:35:44
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As I understand it if I told some lies on applications to get credit then this is fraud and as fraudulant debts cannot be cleared in BR there is no point in going BR. Any suggestions what I do now? I never took out debt with the intention of not paying, the agreements are from 2 yrs ago and i have never missed a payment but now it's just all too much. Just been online on my account and in profile it says HOMEOWNER when in fact we rent.Arghhhhhhhh.
Another sleepless night!!!!!!! |
Edited by - les2258 on 09 January 2009 02:44:47 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 07:42:46
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Hi Les
What exactly did you not tell the truth on?
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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les2258
Starting Member
18 Posts |
Posted - 09 January 2009 : 08:01:34
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that we owned the house when we rent it and that we worked and didn't. Looking like BR out the question. Don't know what to. Just when i thought there was a way out!!!!!
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 09:06:07
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Hi Les
Why would you go to prison. I dont think that this cases alarm bells ringing, many of us took things and slightly changed the truth to our advantage and to be honest the lender should have done their calculations and looking before they let you have it so really they are as much to blame as you.
I know that in the past they just wanted to lend, lend, lend and now obviously they cant.
Our remortgage was adapted by our lender so that they could lend us the money and we did not have the wages coming in that they wrote down so basically i would say dont worry and go for the BR. If asked the bank is as much to blame as they should have done proper checks, dont take all the blame yourself.
The worst you would get is the BRU/BRO and thats not that bad.
Take care
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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les2258
Starting Member
18 Posts |
Posted - 09 January 2009 : 09:45:07
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Thanks Jo
What would we do without you, you're always there to reassure.
If my debts are gone and I can live again then getting a BRU/BRO ufff who cares. I was just worried that after all this they could say I still owe the money as I obtained it fraudulantly by lying. Whatever they can't have what I just haven't got. I so don't know what i would do without this forum!!!
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 09 January 2009 : 09:50:28
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Hi Les
Make sure you remember that "they cant have what you haven't got"
And as for the BRO/U then if you do get one its only supposed to be a harsh telling off and keeps you under br restrictions.
Jen
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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Almost there
Junior Member
United Kingdom
288 Posts |
Posted - 09 January 2009 : 13:45:28
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Hi Les, Jo and movin on are right, although I didn't lie on my application forms, my bank has lent me so much money without doing any checks whatsoever, a loan of £11,500 another of £10,000, 2 credit cards with a £3,500 and £8.750 limit on them plus an overdraft with a £4,000 limit, and I only have about £950.00 coming in!! Any sensible bank would realise that I could never pay all that off, so the banks are very much to blame and deserve to lose the money.
I would try and move on and start afresh, I don't know how much you owe, but at the end of the day I think they have bigger fish to fry.
Good luck
Sandie |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 09 January 2009 : 13:56:30
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Hi Les,
The good news is that I have never heard of an occasion where a lender/the OR has re-checked the original application form during a BR. As someone who worked for one of the major high street banks for the best part of 10 years, I know through experience that most people "bend" the truth a little when applying for credit.
I do have to stress however that saying you own a property when in fact you rent, and saying you worked when you didn't is most definitely fraud (obtaining money by deception) which would more than likely mean 6 months at Her Majesty's pleasure if it ever came to light.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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pix1
Average Member
689 Posts |
Posted - 09 January 2009 : 16:10:24
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Les,
The main thing is to tell the truth on the BR petition. It is unlikely the OR will go into minute detail as to exactly what is on the forms for credit. That said, though, the brus and bros do show people with small scale fiddles like that. Haven't we all taken out loans and said it was for home imrpovements when, in fact, it was for a holiday or something? My gut feeling is that you will be ok and, certainly, such fears are not sufficient to give up on BR as your salvation. Good luck. |
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les2258
Starting Member
18 Posts |
Posted - 09 January 2009 : 18:31:02
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Thanks for your honesty Julian.
Think I'm looking at 2 yrs tho. Not only have I lied on the applications but also lived a life I cannot afford, holidays etc and now all the credit is it at the limits, not looking good for me is it!!!
Don't know what to do, I can't pay what I haven't got but should I really take the risk of BR?
Ohhhhhhhhh what have I done..............
I suppose at least in prison I would get 3 meals a day which is more than I get now!!!!!!!!!!!!
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 18:53:57
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Les
I cant stress this enough, may i suggest a call to our helpline, i really think you need a chat with someone with more knowledge than i have and can then go over your case more thorughly.
I do think that if the debts are unservicable then you have little or no choice but to go down the bankruptcy route.
Call them, its free, that number is 0800 078 9367.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 09 January 2009 : 19:47:58
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Les
Please please give the helpline a call - just talking to your situation through will make a huge difference.
Please dont think that doing nothing is going to be better as it will be constantly worrying for you.
Take care
Jenny
xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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les2258
Starting Member
18 Posts |
Posted - 09 January 2009 : 19:59:34
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Rang the helpline. Yep I'm in deep s##t. Been advised deffo not to go BR in next few months.
Good job hangings been abolished.
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 20:10:54
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Hi Les
I do hope that you can manage until you can go BR.
Do let us know how things pan out.
Take care
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 09 January 2009 : 20:21:36
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Oh Les
Im sorry to hear that - do you know if you are able to at all or is there anything you can do in the meantime?
x
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
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les2258
Starting Member
18 Posts |
Posted - 09 January 2009 : 21:53:52
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Just don't know what to do anymore. Can't pay crediters, can't go BR, can't see any light at the end of that very long tunnel. All my own fault tho.
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fraud
