| Page 1 of 2 |
Cohen
Posts: 7155
Location: Rapture
|
 Posted: Mon, 22nd Sep 2008 22:46 Post subject: UK credit card debts. |
|
 |
Whats the best way to get out of this cunt?
my friend is struggling to pay off her credit card debt because of moving into a new house the rent takes all her money. The debt is going up (although she isnt spending the card, its maxed) and the fees interest along with it. Is there anything she can do to freeze it or consolidate it properly :S? I know jack shit about this sort of thing because Ive never been in debt in my life.
I really want to help her out so, if anyone has any good stories/ideas to share please gogogo.
troll detected by SiN
|
|
| Back to top |
|
|
Jenni
Banned
Posts: 9526
Location: England.
|
| Posted: Mon, 22nd Sep 2008 22:59 Post subject: |
|
|
|
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
| Posted: Mon, 22nd Sep 2008 23:02 Post subject: |
|
|
CAB? ?
troll detected by SiN
|
|
| Back to top |
|
|
tobycoaster
Harry Potter
Posts: 598
Location: Under the stairs
|
| Posted: Mon, 22nd Sep 2008 23:08 Post subject: |
|
|
Think she means the benefits claiming favourite debt dodger Citizens Advice Burea
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
| Posted: Mon, 22nd Sep 2008 23:23 Post subject: |
|
|
ah.. not sure.. il see
troll detected by SiN
|
|
| Back to top |
|
|
Jenni
Banned
Posts: 9526
Location: England.
|
| Posted: Mon, 22nd Sep 2008 23:25 Post subject: |
|
|
The CAB isn't just for the benefit claimers.
|
|
| Back to top |
|
|
leroy15b
Banned
Posts: 293
Location: Dutch HigH Lands
|
| Posted: Mon, 22nd Sep 2008 23:34 Post subject: |
|
|
Atleast get some help. Do nothin will make only more trouble...
But u already knew that  ..
New laptop: i7-3630QM / 8GB / Nvidia 650M 1GB / 500GB
| NPiracy wrote: | | If I buy the game I actually on my way the little mine helpful and contribute to the company to develop. (GTA4/360) |
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
|
| Back to top |
|
|
[sYn]
[Moderator] Elitist
Posts: 8374
|
|
| Back to top |
|
|
-=Cartoon=-
VIP Member
Posts: 8823
Location: South Pacific Ocean
|
| Posted: Tue, 23rd Sep 2008 00:40 Post subject: |
|
|
offer to let her sleep in your bed with you so she dont have to pay rent.
|
|
| Back to top |
|
|
|
|
| Posted: Tue, 23rd Sep 2008 01:23 Post subject: |
|
|
How can you max out your credit card by moving? What was her limit 500?
Anyway I don't think there is anything you can do except maybe take out a loan at the bank at a lower interest and pay off 100% of the credit card. The problem with this as soon as people do this they start charging again and end up in the same problem expect now it is twice as much. (make sence)
Also when paying off credit cards. Lets say she owes 1000. She pays it all off except for 10. She is still paying interest off the 1000. Until the balance reaches 0 she will always be paying on the highest debt amount. Lot of people don't know that.
She needs to work 2 times as much and spend 2 times less.
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
| Posted: Tue, 23rd Sep 2008 02:06 Post subject: |
|
|
nono what happenned was.. she was living fine and using her credit cards responsibly (well, responsibilities with credit cards can only go so far in my book  ; example she bought the odd clothes here, took her BF the odd presant there but nothing too expensive and always payed it off) anyway so.. then the house she was renting ; the landlord either died or stopped renting the hosue out (I cant remember, it is a bit fuzy cos it was last year, might have been a family member of the landlord that died which caused him to sell up or something :S) so she had to move back in to her parents place (which was too far out of her way to keep her job, commuting was too far to travel each day) so she had to quit. she took out the max on the card which was around £2k (its not a serious debt but its got built up fees now) and until she found a new job she was practically living on that 2K. Now shes back working again and living in a new place BUT the rent is much much higher than the last and shes struggling with it. I suggested simply staying at her parents place again until she could pay it off but unfortunately her parents dont get on too well with her when shes at home so it's out of the question. The debt has been unpaid for months and months now, the fees are rolling in and the excess is nearing 1K on top of the 2K already owed (as far as I know, she hasnt told me the full amount as im not even sure she knows herself)
man I wish I could explain this shit better, it really is all jargon to me, Ive always lived by the 'no cash dont buy it' rule and saved my money when Ive wanted something plus Im still living at home with a parent so I dont have any debts whatsoever. The reason I want to help her out is because Ive known her a good 6 years, shes been a good friend to me and is a good person, and in all the time I have known her until right this last year shes never had any problems with money or spending what she didnt have, in fact she was a better money manager than me during college  and it is a shame to see her under the stress she currently is (she was actually engaged this year but things arent going well with the fince now which doesnt help).
From the outside looking in this small bit of debt is ruining her life :s
troll detected by SiN
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
kalato
Posts: 1492
Location: Finland and UK
|
| Posted: Tue, 23rd Sep 2008 22:17 Post subject: |
|
|
kaeye phone the people she owes it to and ask them to stop the credit card fully and ask them to make a weekly or monthly payment plan such as 20 or 30 pounds a week or maybe 50 pounds a month? They should agree but if they say no then tell them well thats all I can afford otherwise you will have to send me to court (which will cost them money) and they will finally say yes to the payment plan. The other thing you could try and do is to write or type a letter to the bank and try to get her charges back then phone the dept people and say i'm in the process of getting my charges back etc.
I like bum.
|
|
| Back to top |
|
|
deelix
PDIP Member
Posts: 32062
Location: Norway
|
| Posted: Tue, 23rd Sep 2008 22:32 Post subject: |
|
|
I never use money I don't have. Seems like lots of people have a bad habit and spend more than they can afford.
|
|
| Back to top |
|
|
[sYn]
[Moderator] Elitist
Posts: 8374
|
| Posted: Tue, 23rd Sep 2008 22:53 Post subject: |
|
|
|
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
| Posted: Wed, 24th Sep 2008 01:10 Post subject: |
|
|
no. She works in the police now. She came straight out of college into the police. Pistol.. I took a train to meet her and she was in a real mess the other day. I have a soft heart for her as she does for me but I cant bail her out of 3K debts, its just not the right thing to do. Plus I can not afford that myself, I checked my bank today and I only have £700+ or so cash in there myself which is running a little thin for comfort. Im getting pay day on friday but even so I still cant afford to bail her out and I know for a fact she wouldnt accept my money even if I offered.
I suggested she take a bank loan out to deal with the credit loans so she can get them off her back, but she cant do that since her bank loan is not payed off fully either. Luckily she doesnt Owe the bank too much so it isnt so bad.
I am currently talking to her about trying to get them consolidated.
troll detected by SiN
|
|
| Back to top |
|
|
|
|
| Posted: Wed, 24th Sep 2008 02:24 Post subject: |
|
|
never spend money you dont have
|
|
| Back to top |
|
|
|
|
| Posted: Wed, 24th Sep 2008 03:08 Post subject: |
|
|
| Stefan F wrote: | | never spend money you dont have |
I have a less boring one :
"never have money you don't spend"
|
|
| Back to top |
|
|
|
|
| Posted: Wed, 24th Sep 2008 05:54 Post subject: |
|
|
| kaeye wrote: | no. She works in the police now. She came straight out of college into the police. Pistol.. I took a train to meet her and she was in a real mess the other day. I have a soft heart for her as she does for me but I cant bail her out of 3K debts, its just not the right thing to do. Plus I can not afford that myself, I checked my bank today and I only have £700+ or so cash in there myself which is running a little thin for comfort. Im getting pay day on friday but even so I still cant afford to bail her out and I know for a fact she wouldnt accept my money even if I offered.
I suggested she take a bank loan out to deal with the credit loans so she can get them off her back, but she cant do that since her bank loan is not payed off fully either. Luckily she doesnt Owe the bank too much so it isnt so bad.
I am currently talking to her about trying to get them consolidated. |
She is in a worse situation then you can imagion if she works for police. Owing money that is. She should of been making enough money to live. Maybe you are taking things too far?
|
|
| Back to top |
|
|
|
|
| Posted: Wed, 24th Sep 2008 09:04 Post subject: |
|
|
Tell her to get in touch with her creditors. As soon as they see that she cant afford to pay it, they will freeze the interest and set up a pay plan. Alternatively tell her to get in touch with the citizens advice bureau which will give her info on what to do, they will suggest what I already said, but they will also give her details of companies that will manage her debt for her, do most of the running.
3k isnt a lot of debt, if she can make that into 1 payment per month, instead of lots of little ones she's on the right path. The sooner she goes to see someone about it the better. There are a hell of a lot of people in worse situations than her.
|
|
| Back to top |
|
|
|
|
| Posted: Wed, 24th Sep 2008 20:07 Post subject: |
|
|
I went to the CAB, they liaised on my behalf and i now pay BC £1.00 per month.. Now I can afford more than that but let them stew.
go to the CAB mate
|
|
| Back to top |
|
|
Cohen
Posts: 7155
Location: Rapture
|
| Posted: Wed, 24th Sep 2008 20:09 Post subject: |
|
|
she just took that job at the police; the new one. She is hoping to pay things off but still the rent is quite high even with the police wages.
troll detected by SiN
|
|
| Back to top |
|
|
SycoShaman
VIP Master Jedi
Posts: 24468
Location: Toronto, Canada
|
| Posted: Thu, 25th Sep 2008 03:04 Post subject: |
|
|
| kaeye wrote: | | she just took that job at the police; the new one. She is hoping to pay things off but still the rent is quite high even with the police wages. |
cops dont carry guns in england right? |
|
| Back to top |
|
|
|
|
| Posted: Thu, 25th Sep 2008 08:04 Post subject: |
|
|
| SycoShaman wrote: | | kaeye wrote: | | she just took that job at the police; the new one. She is hoping to pay things off but still the rent is quite high even with the police wages. |
cops dont carry guns in england right? |
Only to shoot the wrong person.
|
|
| Back to top |
|
|
Jenni
Banned
Posts: 9526
Location: England.
|
| Posted: Thu, 25th Sep 2008 09:18 Post subject: |
|
|
You mean people. Off the top of my head I can think of three people killed unlawfully by the boys in blue.
|
|
| Back to top |
|
|
|
|
| Posted: Thu, 25th Sep 2008 11:23 Post subject: |
|
|
They have seperate armed response teams, with all sorts of weapons. But general bobby on the beat does not carry a firearm no.
|
|
| Back to top |
|
|
SycoShaman
VIP Master Jedi
Posts: 24468
Location: Toronto, Canada
|
| Posted: Thu, 25th Sep 2008 16:26 Post subject: |
|
|
Is there alot cime in the UK then? cause i'd laugh if a few of my boys and i were say makin a drug deal and a few cops came to stop us waving batons  its like something you'd see in a bad comedy ya know?
Unless the response time of those special units are like under 2 minutes. then i guess it would be effective to bide some time
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
Jenni
Banned
Posts: 9526
Location: England.
|
|
| Back to top |
|
|
| Page 1 of 2 |
All times are GMT + 1 Hour |
but your right, shes been doing nothing but worry and struggle for months, its getting old lol
