. It's not end of story going bankrupt after 6 years.
Eh? I don't understand that sentence.
. It's not end of story going bankrupt after 6 years.
I had a friend (yes a friend, not me) who racked up a stupid amount of debt and ended up with nothing to show for it. I can't remember the exact name of the process, but he was able to approach an organisation who act on behalf of people in his situation. This organisation basically speaks to the people you owe money to and (as far as I can see) tell them words to the effect of "he can afford to pay you amount X every month. You get that much or he declares bankrupt and you get nothing". He had to destroy his credit cards and pay back something like a third of his overall debt. I don't think this route was as bad as declaring bankruptcy but again I'm only going from memory.
I would speak to CAB though, do not take anyones advice off the internet, speak to a professional advisor.
bump it up to around £7 - 10k then get yourself declared bankrupt. Flippant remark yep but its only a few years on the credit blacklist. And nowadays it is a lot easier to do if you look into it.
Of course the system would have you work like trojan for years to pay it all back....
The system rewards those know how to work it not those who are honest and work hard.
Probably a Debt Arrangement scheme or an IVA
This is perhaps the most cynical, feeble-minded, un-ambitious and tedious advice I have seen blah blah
You'll NEVER be able to take out a mortgage or get little credit for the rest of your life. Your children will also struggle.
Because thats how credit ratings work
You dont need to read my "advice" Dont be so insecure in your thinking that you let what other people say affect you personally and emotionally.
Theres quite a few people who dont understand how bankruptcy nowadays works. Its not really stealing anyway, If x company is so willing to lend money to bad risk cases they cant really complain when it goes pear-shaped.
Anyway - its not YOU that owes the money its Client XXXXXXXX. Start treating your life like a business and finding the various loopholes that are commonplace then you'll be in control. Ive managed to have about £3k written off myself years back.
But yeah seriously do what the others have said contact cab, work out a finance plan and pay off x amount each month for x amount of years. gl
Hey man, sorry about the other day...