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AuthorPosts
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15th February 2020 at 2:43 pm #91042
That is the worst advice I’ve ever heard from lainey87. For starters once you acknowledge the debt it is impossible for the debt to become statute barred. You have entered into an agreement by paying £1 a month therefore keeping the debt alive until either you die or you have paid the debt off. Ignoring letting and calls risks baliffs coming to your house. Even if the goods in your house are not yours they can still be removed if the rightful owner has no receipts or proof of ownership. Work with the companies you owe. They will understand and by law your priority bills must be paid first. Rent/mortgage council tax etc. You will be probably asked to complete an income and expenditure form to see what you can afford to repay. Don’t leave yourself short and remember if you ever have the opportunity to repay the debt in one payment most debt companies will accept up to 75% discount as full and final payment. This will go on your credit report as only partially settled for 6 years. Ignoring debts is the worst thing to do.
Wrong. U don’t acknowledge the debt. You wait till a ccj drops through your door. The ccj only lasts 6 years. You ‘vary the judgement’ with the court and offer to pay £1 per month.. you only pay a ccj for 6 years.. you don’t contact any debt collectors or pay any money unless a ccj is issued. Read the post again. Worked for me and debt free
Then maybe that’s where you and i are different. I borrowed the money so i pay it back. I’m currently 3k paid into an 8k debt paying £140 a month with no interest added ( 4 creditors). I still have more than enough spare after bills to enjoy life and save. I sleep soundly at night knowing i haven’t conned anyone out of money. It was always drummed into to me that if you borrow you pay back. This way I’ll never have ccj’s no nasty letters no knocks at the door and most importantly i work to do that.
15th February 2020 at 2:46 pm #91043Sorry 1st and 3rd post. I used friends and families accounts and then i don’t know anyone who gambles.
Surely you can deduce from that statement that it means I have opened additional accounts in other peoples names who weren’t using them for themselves. In fact a big problem I had stemmed from winning 2k on one site a couple months back (after already pumping 3k in over a serious of 200 deposits, you never actually win….) I then pumped 2k into another site thinking at least I had that 2k coming back….but they won’t release the money until a “source of wealth” is completed…which on my sons account simply isn’t possible he has no source of wealth and the money came from my paypal to his, and as I’m gamstopped we can’t exactly say where the money was coming from, I lost the other 2k in record time (new site, not lost enough to get a payback) so that was 5k gone I can’t afford to lose (this all started as a deposit of 100, cash out of 300, reverse withdraw and ongoing chase back of losses, bit like your man here, just I don’t have unlimited funds) Add to that out of pocket about 9k when not working, I have had to borrow bits of money here there and everywhere just to try and scrape by, which other people have had to borrow on my behalf from payday loans, the amount of interest I have to pay back is more than what the monthly repyament on a 20k loan would be….and once you lose all that money in a month your back to a place where you need to borrow again (life actually costs money when you don’t sit at home all day watching youtube videos)….it’s a never ending cycle and it makes absolutely zero sense when a bank loan could cover all the money I need to pay out, and give me an affordable way out…the bank also make a little money out in the process in interest. Anyway, if most people here hate gamblers and gambling so much, errr…..maybe I got the impression somehow this was a site that promotes gambling? Anyway, next time you hit a big score, remember its mugs like me who’s life got destroyed to fund your nice little win. Do you think if there were no losers you’d still be winning?
People on here will be sympathetic and try and help me included but when you posts comments saying you wanted an 18k loan to pay off your immediate debts and have a bit to play with. Gees does the position you are in not sunk in yet and you still want money left over to play with. I was in a bad position last year and you know what i did. I wrote to my creditors i asked them to freeze any interest. To lower my monthly payments and you know the most important thing i did after 30 years STOP GAMBLING. I was stressed i didn’t stop work. Infact i worked even harder.
I don’t think you quite get what “a little to play with” means….its called money for a rainy day so when something happens like a washing machine breaking down or roof collapsing or whatever, not being back to square one. This is currently what happens. My missus car is about to pack in for example, we have no way of replacing it (it cost £3000 5 years ago and we got 100k miles out of it) If we can’t commute, we can’t get to work, and can’t make the money to payoff the mess we’re in….you need to think long term, big picture…. I got debt free years ago doing it the beans on toast way, it just fucks you up long term…
15th February 2020 at 2:53 pm #91044Sorry 1st and 3rd post. I used friends and families accounts and then i don’t know anyone who gambles.
Surely you can deduce from that statement that it means I have opened additional accounts in other peoples names who weren’t using them for themselves. In fact a big problem I had stemmed from winning 2k on one site a couple months back (after already pumping 3k in over a serious of 200 deposits, you never actually win….) I then pumped 2k into another site thinking at least I had that 2k coming back….but they won’t release the money until a “source of wealth” is completed…which on my sons account simply isn’t possible he has no source of wealth and the money came from my paypal to his, and as I’m gamstopped we can’t exactly say where the money was coming from, I lost the other 2k in record time (new site, not lost enough to get a payback) so that was 5k gone I can’t afford to lose (this all started as a deposit of 100, cash out of 300, reverse withdraw and ongoing chase back of losses, bit like your man here, just I don’t have unlimited funds) Add to that out of pocket about 9k when not working, I have had to borrow bits of money here there and everywhere just to try and scrape by, which other people have had to borrow on my behalf from payday loans, the amount of interest I have to pay back is more than what the monthly repyament on a 20k loan would be….and once you lose all that money in a month your back to a place where you need to borrow again (life actually costs money when you don’t sit at home all day watching youtube videos)….it’s a never ending cycle and it makes absolutely zero sense when a bank loan could cover all the money I need to pay out, and give me an affordable way out…the bank also make a little money out in the process in interest. Anyway, if most people here hate gamblers and gambling so much, errr…..maybe I got the impression somehow this was a site that promotes gambling? Anyway, next time you hit a big score, remember its mugs like me who’s life got destroyed to fund your nice little win. Do you think if there were no losers you’d still be winning?
People on here will be sympathetic and try and help me included but when you posts comments saying you wanted an 18k loan to pay off your immediate debts and have a bit to play with. Gees does the position you are in not sunk in yet and you still want money left over to play with. I was in a bad position last year and you know what i did. I wrote to my creditors i asked them to freeze any interest. To lower my monthly payments and you know the most important thing i did after 30 years STOP GAMBLING. I was stressed i didn’t stop work. Infact i worked even harder.
I don’t think you quite get what “a little to play with” means….its called money for a rainy day so when something happens like a washing machine breaking down or roof collapsing or whatever, not being back to square one. This is currently what happens. My missus car is about to pack in for example, we have no way of replacing it (it cost £3000 5 years ago and we got 100k miles out of it) If we can’t commute, we can’t get to work, and can’t make the money to payoff the mess we’re in….you need to think long term, big picture…. I got debt free years ago doing it the beans on toast way, it just fucks you up long term…
Ok i apologise for the interpretation of your post. Money to play with i assumed was for gambling. Surely though if you are on 50k a year plus your missus works and you say 18k would clear your immediate debts where is the problem. That’s 4k a month just your salary.
15th February 2020 at 2:57 pm #91045@Iainey87 Not only is it terrible advice, it’s also a horrible attitude. They are his debts (and yours in the past). Why the hell should he not pay at least a good chunk of it off if he can.
If you don’t pay your debts, then somewhere down the line I do. And why the hell should I bear the burden of your stupidity.
Goes to show uve never been in debt. Citizens advice would tell you exactly what I wrote.. non priority debts come last.. ignore them.. plain and simple.. that’s how it works. I have 2 defaults dating back to 2014 of £100 in total which drop off this year. And 5 ccjs totaling to £6k which start to drop off in 2 years. I pay £1 per month to each ccj for 6 years. I’m debt free. That’s how it works.. learn about debt before posting silly things, weather it’s right or wrong that’s how debt works. Hende
Well I can vouch that its also terrible advice because it what I did and look at the fucking state of me.
I have a CCJ that expires in about 6 months, well guess what….another company have bought up the debt and issued me a CCJ so now its another 6 years on my record. Brilliant…..
The biggest problem I have, and I don’t think anyone gets this…. other people have got themselves in debt for me, so I can’t talk to stepchange or any of these other people, what can they do in that situation?! I can’t not pay back the loans to family when they need to pay it back immediately to avoide getting in the situation I am in. I have fucked their credit now, it makes no fucking sense that I can afford to get out of this with a loan and don’t get that option. I’ve never had that option. I don’t know why. “Rich” people do this all the time, juggling debt around, moving to 0% offers all the time etc. I didn’t get this option before I had even started gambling, it was the sheer insanity of it all that lead me to gambling.
And no, I don’t blame other people who win for me losing, what sort of logic is that….but there seems to be a sense of superiority amongst gamblers here who don’t have gambling problems….very good for you.
15th February 2020 at 2:57 pm #9104615th February 2020 at 2:58 pm #91047To the ‘I’m not paying my debts and they will go after 6 years’ group (I’ll come up with something more catchy.)
Source for the info below is from step change:
Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
If the creditor has already obtained a court judgment or order before the limitation period passed the debt can never become statute-barred
Another option is don’t contact the creditor and hope that the limitation period ends before they start court action. We don’t recommend you take this approach. If a creditor hasn’t had any contact or payment from you for a long time they may start court action just before the limitation period ends. Ignoring a debt greatly increases the chances you’ll end up with a CCJ, decree or money judgment, which you may have been able to avoid by getting in touch with the creditor sooner.
1115th February 2020 at 2:58 pm #91048That is the worst advice I’ve ever heard from lainey87. For starters once you acknowledge the debt it is impossible for the debt to become statute barred. You have entered into an agreement by paying £1 a month therefore keeping the debt alive until either you die or you have paid the debt off. Ignoring letting and calls risks baliffs coming to your house. Even if the goods in your house are not yours they can still be removed if the rightful owner has no receipts or proof of ownership. Work with the companies you owe. They will understand and by law your priority bills must be paid first. Rent/mortgage council tax etc. You will be probably asked to complete an income and expenditure form to see what you can afford to repay. Don’t leave yourself short and remember if you ever have the opportunity to repay the debt in one payment most debt companies will accept up to 75% discount as full and final payment. This will go on your credit report as only partially settled for 6 years. Ignoring debts is the worst thing to do.
Wrong. U don’t acknowledge the debt. You wait till a ccj drops through your door. The ccj only lasts 6 years. You ‘vary the judgement’ with the court and offer to pay £1 per month.. you only pay a ccj for 6 years.. you don’t contact any debt collectors or pay any money unless a ccj is issued. Read the post again. Worked for me and debt free
Then maybe that’s where you and i are different. I borrowed the money so i pay it back. I’m currently 3k paid into an 8k debt paying £140 a month with no interest added ( 4 creditors). I still have more than enough spare after bills to enjoy life and save. I sleep soundly at night knowing i haven’t conned anyone out of money. It was always drummed into to me that if you borrow you pay back. This way I’ll never have ccj’s no nasty letters no knocks at the door and most importantly i work to do that.
You do that, but citizens advice will tell you what I just wrote. You won’t have people knocking on your door lol.. that’s for the idiots who don’t pay a ccj, it then goes to high court.. you ‘vary the judgment’ on a ccj and ask the court to pay the minimum each month. Doesn’t matter about ccjs, you can still obtain credit with them. I have a aqua card now with 900 limit with 5 ccjs. Debt free and pay £1 per month to 5 company’s for 6 years. Currently 4 years in on one of them. You should of gone to citizens advice and got proper info before paying back a giant debt
15th February 2020 at 3:01 pm #91049@Iainey87 Not only is it terrible advice, it’s also a horrible attitude. They are his debts (and yours in the past). Why the hell should he not pay at least a good chunk of it off if he can.
If you don’t pay your debts, then somewhere down the line I do. And why the hell should I bear the burden of your stupidity.
Goes to show uve never been in debt. Citizens advice would tell you exactly what I wrote.. non priority debts come last.. ignore them.. plain and simple.. that’s how it works. I have 2 defaults dating back to 2014 of £100 in total which drop off this year. And 5 ccjs totaling to £6k which start to drop off in 2 years. I pay £1 per month to each ccj for 6 years. I’m debt free. That’s how it works.. learn about debt before posting silly things, weather it’s right or wrong that’s how debt works. Hende
Well I can vouch that its also terrible advice because it what I did and look at the fucking state of me.
I have a CCJ that expires in about 6 months, well guess what….another company have bought up the debt and issued me a CCJ so now its another 6 years on my record. Brilliant…..
The biggest problem I have, and I don’t think anyone gets this…. other people have got themselves in debt for me, so I can’t talk to stepchange or any of these other people, what can they do in that situation?! I can’t not pay back the loans to family when they need to pay it back immediately to avoide getting in the situation I am in. I have fucked their credit now, it makes no fucking sense that I can afford to get out of this with a loan and don’t get that option. I’ve never had that option. I don’t know why. “Rich” people do this all the time, juggling debt around, moving to 0% offers all the time etc. I didn’t get this option before I had even started gambling, it was the sheer insanity of it all that lead me to gambling.
And no, I don’t blame other people who win for me losing, what sort of logic is that….but there seems to be a sense of superiority amongst gamblers here who don’t have gambling problems….very good for you.
Doesn’t work like that. They have sold the ccj because they are getting no money off you. But a ccj cannot restart unless the 6 years is over and they apply to the court again for a ccj once again.. it doesn’t just automatically restart because someone buys it.. go see citizens advice for clarification
15th February 2020 at 3:04 pm #91050Then sell your house pay off your family and friends and use the rest as a deposit and rent. Millions of people rent. If your on 50k a year it won’t take you long to get back on your feet. You said you own 50% of your house so that’s the best option.
15th February 2020 at 3:06 pm #91051To the ‘I’m not paying my debts and they will go after 6 years’ group (I’ll come up with something more catchy.)
Source for the info below is from step change:
Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
If the creditor has already obtained a court judgment or order before the limitation period passed the debt can never become statute-barred
Another option is don’t contact the creditor and hope that the limitation period ends before they start court action. We don’t recommend you take this approach. If a creditor hasn’t had any contact or payment from you for a long time they may start court action just before the limitation period ends. Ignoring a debt greatly increases the chances you’ll end up with a CCJ, decree or money judgment, which you may have been able to avoid by getting in touch with the creditor sooner.
No the debt stays with you for life. But the ccj doesn’t. So after the 6 years the ccj is gone. So you no longer pay the ccj. If the company wishes to they can take you to court again after the 6 years to obtain another ccj. But on credit cards loans ect this is very unlikely this will happen.. of they haven’t managed to obtain all the cash in 6 years I can’t see them doing it all over again. Citizens advice will tell you exactly the same.
15th February 2020 at 3:13 pm #91052To the ‘I’m not paying my debts and they will go after 6 years’ group (I’ll come up with something more catchy.)
Source for the info below is from step change:
Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
If the creditor has already obtained a court judgment or order before the limitation period passed the debt can never become statute-barred
Another option is don’t contact the creditor and hope that the limitation period ends before they start court action. We don’t recommend you take this approach. If a creditor hasn’t had any contact or payment from you for a long time they may start court action just before the limitation period ends. Ignoring a debt greatly increases the chances you’ll end up with a CCJ, decree or money judgment, which you may have been able to avoid by getting in touch with the creditor sooner.
No the debt stays with you for life. But the ccj doesn’t. So after the 6 years the ccj is gone. So you no longer pay the ccj. If the company wishes to they can take you to court again after the 6 years to obtain another ccj. But on credit cards loans ect this is very unlikely this will happen.. of they haven’t managed to obtain all the cash in 6 years I can’t see them doing it all over again. Citizens advice will tell you exactly the same.
So the debt stays with you for life. So what myself and sal139 are saying is not incorrect.
1115th February 2020 at 3:14 pm #91053So u own 50% off your house , 50k a year job. And u owe 16k . I would take that right now .
15th February 2020 at 3:15 pm #91054And to make this as clear as possible. Stop messing around on a silly forum talking to gamblers about debt.. 99.% of them are in debt because of the same problem as you.. go to citizens advice and sort it out. They will tell you what I have just wrote.. ignore.. if you don’t go you will only get worse.. you can’t win this money back. It’s gone.. long gone.. get off this forum and on Monday go to citizens advice for help with debt.. once you get someone professional explaining this to you then you will understand more clearly and no longer have suicidal thoughts.. debt is only money. It goes away after so many years.. things do get much much better.
15th February 2020 at 3:16 pm #91055To the ‘I’m not paying my debts and they will go after 6 years’ group (I’ll come up with something more catchy.)
Source for the info below is from step change:
Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
If the creditor has already obtained a court judgment or order before the limitation period passed the debt can never become statute-barred
Another option is don’t contact the creditor and hope that the limitation period ends before they start court action. We don’t recommend you take this approach. If a creditor hasn’t had any contact or payment from you for a long time they may start court action just before the limitation period ends. Ignoring a debt greatly increases the chances you’ll end up with a CCJ, decree or money judgment, which you may have been able to avoid by getting in touch with the creditor sooner.
This is pretty much what i believed to be true. Thanks for finding the source sal
1115th February 2020 at 3:18 pm #91056So u own 50% off your house , 50k a year job. And u owe 16k . I would take that right now .
Yes it stays for life. But they won’t chase you after the ccj. Never read a story or heard Anyone who has had a ccj twice. Debt free in my opinion. My credit credit is back to normal, with £900 credit available on card and 5 ccjs waiting to drop off..
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