its now or never!!!

fiveyearplan

chunkyu wrote: »

where did it start going wrong?

i think it was about 9/10 years ago i took out a loan with my then girlfriend except that i had it in just my name, at the time i got the loan it was for improvement to the house and for driving lessons and a car. then a few months later we split up an i was left to pay the debt on my own. i was doing agency work which wasn't regular hours by then and started to struggle. I then applied for a couple of credit cards and got them intially to help me. out which i know was silly now, but (delete this) I ended up relying on them more and more.
Then to top it off I lost my job. i ws naive and didnt read the paperwork that came with the loans and credit cards. and didnt relaise that i was covered by payment protection. and of course i was getting charges and penalties incurred, no one had explained it to me. (delete this)
So again i was struggling even further I applied for yet another loan to try to sort the debts i had already accured and was accepted to my disbelief DELETE THIS!!! but even with my good intentions work wasn't giving me the hours and i was relying more and more on the loan for my day to day needs.
I started to panic when I started getting the letters and phone calls threatening legal action against me. I admitally started burying my head and running away from it thinking that it would all go away.
Eventually i faced up to it and contacted the companies and offered a small amount which some accepted, some didn't. I continued along that path for a while then went into a debt management programme where i was paying £100 a month by then I was back in regular work then just as I thought things were getting better i was told that I needed to find other accommodation, and had to move into some where more expensive, so i had to stop paying into the debt management programme.
I didnt know what to do or where to turn people were telling me it was my fault and i had to sort it myself.
I wasthen at a very low point in my life i'm not sure of all the debts i have run up.
In 2004 i started a new relationship and got into another dmp where i was paying £150 per month, i was in a steady job everything was fine, but in november 2006 i was diagosed with depression had a bit of time off then my relationship ended in early 2007, i lost my job, and pretty much everything, i was living in boston lincs at the time and had to move to peterborough to live with my sister, i left with nothing, no job, no money as i was stupidly having my wages paid into my ex girlfriends account so had no cash coming in.(I don't think I'd mention this) icouldnt pay into the dmp again. i had to sign on for job seekers allowance and find somewhere to live as my sister could only put me up for a couple of weeks. i eventually found somewhere but the rent was high and with no job i was already in arrears with the land lord though thankfully he was understanding. I managed to get a job but was only able to get a few hours a week enough to cover my rent and food and travel costs.
I got in touch with the citzens advice beareu abot whati should do and they advise me with the amount of debt i have and with my level of income that i should go bankrupt, i also called payplan and they also advised the same.
This is not a decision i have come to lightly but feel that it is only the only way i can have a fresh start, i have made mistakes. and i hope i have learnt from them, i will not make the same mistakes again. this is why i've decided to go bankrupt

is this what i need to put in the reason box?

Yes, that is what you need to put in that section however I would never mention that you took out any credit that you didn't think you could pay back.

chunkyu

so what other bit do you think i should take out?
i never intend on getting this badly in debt

chunkyu

Ihave made the changes is there anymore you think i should take out? or how to phrase things.
i alway had the intention to pay back but due to the circumstances i have encountered it didnt go that way.


i think it was about 9/10 years ago i took out a loan with my then girlfriend except that i had it in just my name, at the time i got the loan it was for improvement to the house and for driving lessons and a car. then a few months later we split up an i was left to pay the debt on my own. i was doing agency work which wasn't regular hours by then and started to struggle. I then applied for a couple of credit cards and got them intially to help me. I ended up relying on them more and more.
Then I lost my job.
So again i was struggling even further I applied for yet another loan to try to sort the debts i had already accured and was accepted but even with my good intentions work wasn't giving me the hours and i was relying more and more on the loan for my day to day needs.
I started to panic when I started getting the letters and phone calls threatening legal action against me. I admitally started burying my head and running away from it thinking that it would all go away.
Eventually i faced up to it and contacted the companies and offered a small amount which some accepted, some didn't. I continued along that path for a while then went into a debt management programme where i was paying £100 a month by then I was back in regular work then just as I thought things were getting better i was told that I needed to find other accommodation, and had to move into some where more expensive, so i had to stop paying into the debt management programme.
I didnt know what to do or where to turn people were telling me it was my fault and i had to sort it myself.
I wasthen at a very low point in my life i'm not sure of all the debts i have run up.
In 2004 i started a new relationship and got into another dmp where i was paying £150 per month, i was in a steady job everything was fine, but in november 2006 i was diagosed with depression had a bit of time off then my relationship ended in early 2007, i lost my job, and pretty much everything, i was living in boston lincs at the time and had to move to peterborough to live with my sister, i left with nothing, no job, no money i couldnt pay into the dmp again. i had to sign on for job seekers allowance and find somewhere to live as my sister could only put me up for a couple of weeks. i eventually found somewhere but the rent was high and with no job i was already in arrears with the land lord though thankfully he was understanding. I managed to get a job but was only able to get a few hours a week enough to cover my rent and food and travel costs.
I got in touch with the citzens advice beareu abot whati should do and they advise me with the amount of debt i have and with my level of income that i should go bankrupt, i also called payplan and they also advised the same.
This is not a decision i have come to lightly but feel that it is only the only way i can have a fresh start, i have made mistakes. and i hope i have learnt from them, i will not make the same mistakes again. this is why i've decided to go bankrupt.

thank you for your time

sniggings

mate if I were you I would only put a line or two at most,all the OR is looking for is a reason you went BR,I put 1 line,it's fine if you want to go right into it but I was told by my OR that it was just to give the creditors the reason you are going BR,and the more you say the bigger chance you will say something the OR might have to take a closer look at,the goldern rule when talking to the OR seems to be keep talking to a minimum.

chunkyu

i know this is cheeky but what would put based on what you read, im not sure

sniggings

well this is what I put-"not understanding my limits and living outside my means"

so something along them lines,your debts slowly grew due to consolidating loans and reduced income.

short but sweet:beer:

chunkyu

thanks!!!
im glad there are people to help me on here

chunkyu

where do i find my tax reference code?

pmg19680

Hi,
You should find this on either a payslip or your last p60:D

chunkyu

hi im looking at my p60 and am confused what bit i need to put in?
help!!!