Gflex
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how on earth did you manage to accrue that much debt? go to citizens advice bearau and file for bankruptcy, it will stay on your record for 10 years so you wont be able to do much during that time but its probably worth it to save urself 50k, not sure how it will work with you having full time job but they wont send you to prison |
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Everona97
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Put it that way: Will they let you to walk away? my advice -don't put your head in to the sand and deal with that now. If you could create that amount in personal debt you have to clear that up. Only way how you can "walk away" is to get a bankruptcy. What that mean? In a future every time when you need to buy something for a credit you will have 35% APR as a standard and mortgage (if you think about one) will be very difficult to get. The problem is that everything is based on a Credit History. You can run, but you cannot hide... sorry, it may sound a bit harsh . we are in the middle of sorting similar amount and I know what it is look like |
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noobienoob2000
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Be a responsible human being and pay your debts. You owe the money PAY IT then next time think twice before you purchase things you can not afford.
Walking away from this isn't going to get rid of it it will follow you. You will be sued. I'm not sure if your country has a debtors prison or not but the bank will sue you and you could get your paychecks garnished.
Filing bankruptcy will follow you for 10 years and make your life miserable. In those same 10 years you could easily pay this debt @ 420 a month. |
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diamondjade
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your local debt management office and have chat runnin away never solved anything, be a man stand up to your responsibilitys, this is what is know as " consequences off your actions" i wish u the best of luck |
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Geeza Sooka Yerlips
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Dae a moonie. |
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Robb the B.D.C.
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HOW? |
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zombiebrian
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You probobly need to declare bankrupsy! your credit rating will suck forever more but at least you can move on with the rest of your life you might get away with paying a little every month or alltogether better of. how did you get in that debt anyway? |
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louisestone2002
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brilliant CUFTIE...still laughing..bet yer Scottish
oh and yeah go bankrupt
and btw....if all these loan companies are legit...then....why are they all at yahoo or hotmail email adresses, surely they can get a website sorted??? |
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Curious Cat
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You bet it will. |
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Rob K
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Do whatever you want but they will track you down. £50K is alot of money to lose.
Your salary will be seized and made subject to a charge. that means the creditor will have first dibs on your salary to pay it back at a reasonable rate and you'll be left with the pennies.
You may declare bankruptcy but you may wish to go with an Individual Voluntary Arrangement (IVA) - it's less hassle than straight bankruptcy and you pay back a percentage of what you owe.
It's certainly better for you if you do this or they will pursue you to the ends of the Earth. You may find it difficult to move to other countries with this hanging over you.
You don't rack up this much debt and then disappear. |
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jamie_walton_15
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go bank rupt |
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FRANK W
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They can track you down through your national insurance number, best thing to do make yourself bankrupt or take a voluntary arangment |
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Jack
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If you can't pay, they can't have money. Any earnings will be subject to deductions, even if that means you paying 1p a week. |
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Rachellie
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yep as answer 1. Go bankrupt. Good Luck. Don't stress, it's only money. x |
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Jake
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Run as far as you want....your a loser ..accept your reponsibility... you lived high on the hog ...but you now tuck your tail between your legs, and run like a coward.
Live by Sword...Die by the Sword !!!!
Run as much as ya want ...Karma will give you your just reward !!! |
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dirtymartini
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That sucks... declare bankruptcy. |
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