How much did you owe to go br

scorpio62

Hi,
I've been in debt for many years and even entered into an IVA in 2005. It finally failed after I found I was struggling with repayments after two years - should never have done it. The money I paid in went to the solicitors and my creditors got nothing!!!

I was going to pay my creditors a full and final but, after losing job and looking around my home at the furniture and other things that needed replacing........... I thought, what the hell and ordered carpets throughout (had painted concrete floors!!), new bed, mattress, fridge/freezer, TV, Laptop (to replace 7 year old piece of junk), blinds, loads of clothes and shoes!! I bought a 5 year old Fiat Punto but, will now lose that!! I was hoping to keep the car as I envisage having to travel miles to find a job. I,ve been applying for jobs with a distance up to 30 miles so far!!

This is being reckless!!
Because It seems impossible to find a job or even get an interview, I just thought I;m gonna buy all the things I;ll probably never be able to buy again!!

After my 6 months on job seekers, I won't receive another penny from them or be able to get rent and council tax benefits as they'll know I;ve been reckless!!

All my own fault and right now just see a black hole as my future.

scorpio62

bump - I thought people were wanting to see my version of being reckless Be honest with me though when and if replying to this

Bassplayer

Hi All

Not sure how much mine will total, keep doing and re-doing figs so it changes daily. Recently made worse when I had an offer on my house which was £35k less than I paid for it, £15k less than my mortgage on it and about £65k less than it's peak value!

Perhaps we could run a fun league table for amounts owed, with a prize for Numero Uno! Sorry, just a simple way of shedding a little light on a dark place for most of us!

Cheers

BP

Scarlett.1974

scorpio62 wrote: »

bump - I thought people were wanting to see my version of being reckless Be honest with me though when and if replying to this

scorpio62 - can you just confirm - was it your redundancy money you spent on all those things or did you use credit?

Scarlett.1974

Oh and to answer the original question - H and I, between us, went BR to the sum of £250K between us (but they will get *some* of that back when they sell the house).

To address a point made above - as far as I can tell, BRUs are not given due to the amount of debt, but the reasons behind it.

Squoshes

Hi,It was £20k, then OH went self Employed in Motor Industry, paying debts, toes in water, all ok, then BANG, no work, no money and accumulated stupidity of £50K! Now drowning!

scorpio62

Hi Scarlet,
It was my redundancy money that I spent on furniture, etc.

Waspeze

about £45k .. went on a crazy one buying 50 inch plasmas and picasso's

philnicandamy

and dont even mention the wild women.........:D

Nigella_2

I owed under 6k (+ an amount from 1992 administration order due to expire Feb 09)

Sounds hardly anything BUT I did owe 16k but paid 10k through a dmp.