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pbs106
Starting Member
28 Posts |
 Posted - 01 November 2009 : 07:07:18
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| I have about £95K on 6 credit cards (I've been using each card to pay the minimum amount each month by balance transfer) but I've now run out of credit and I cannot now pay all of them at the end of each month. I also have 2 loans costing me £366 a month. I take home £1650 a month and pay out £700 in rent. I own a car worth £2,000 which I need to get to and from work (I work odd shifts with no public transport). Will I be allowed to keep my car if I go BR? Any advice would be welcomed. Peter |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 November 2009 : 10:03:03
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Hi Peter,
If your car is worth £2k and you need it for work, then you should be ok.
The glimmer gets brighter all the time
Jan
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In 2 Deep
Junior Member
United Kingdom
161 Posts |
Posted - 01 November 2009 : 11:49:57
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Peter,
The OR should let you keep the vehicle given that you need it to commute to work etc...
Gd luck.quote:
Originally posted by pbs106
I have about £95K on 6 credit cards (I've been using each card to pay the minimum amount each month by balance transfer) but I've now run out of credit and I cannot now pay all of them at the end of each month. I also have 2 loans costing me £366 a month. I take home £1650 a month and pay out £700 in rent. I own a car worth £2,000 which I need to get to and from work (I work odd shifts with no public transport). Will I be allowed to keep my car if I go BR? Any advice would be welcomed. Peter
Treat EVERY Penny as a prisoner. |
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pbs106
Starting Member
28 Posts |
Posted - 01 November 2009 : 18:37:10
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| Many thanks for the info, I have an appointment on the 18th Nov to discuss my situation with a credit expert, thats the earliest date I could get, they must be busy! Peter |
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In 2 Deep
Junior Member
United Kingdom
161 Posts |
Posted - 01 November 2009 : 19:44:11
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Peter,
Who are you seeking professional help from?
Why dont you try either Melanie Nichols http://www.jonesgiles.co.uk/index.htm
or http://www.revivauk.com/
Both post on this site, and will no doubt be able to assist you long before the 18th Nov.
quote:
Originally posted by pbs106
Many thanks for the info, I have an appointment on the 18th Nov to discuss my situation with a credit expert, thats the earliest date I could get, they must be busy! Peter
Treat EVERY Penny as a prisoner. |
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pbs106
Starting Member
28 Posts |
Posted - 01 November 2009 : 21:41:42
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| CCCS - Thanks again, I will give one of them a ring. Peter |
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Looking to go BR - I think?
