please help! ~ Unenforceable credit.

GeorgeUK

Your only problem may be that the only contract that is of note right now is the most recent one you signed when you consolidated the debts - about 3 years ago.

As this is quite a recent contract, it probably has all the required prescribed terms on it and will be enforcable.

The smaller Nationwide debt - have you been making £1 payments to them too?
If so, the debt probably won't be statute barred.
You could try to look into whether the credit agreement for this is enforcable as it was probably taken out before 6th April 2007 - so should have certain terms on it.

If they are threatening to send people to collect the debt, they will have the same legal power to take goods etc as the paperboy - none.

innocentsi

Ha ha. Thank you George.
Its the 22k NR loan I'm still making the £1 payments to and I'm paying nothing at all to the debt collector's debt of £1k.
I was told that making a token payment of £1 a month would serve me well if they were to slap a ccj on me.

McKneff

Quote: I would give anything to start a fresh fully.Quote

Notwithstanding all the advice you have been given, from what you have said in your post (above quote)
you borrowed the money, you spent it, you knew you would have to pay it back. If you would give anything why dont you sell your property and pay your debts.
Job done, start afresh.

innocentsi

If you read the threads you'll see my property is in negative equity otherwise I would.
Infact I bought the flat to accumulate equity to pay the loan off in full.
If my crystal ball had told me about the GFC then I wouldn't have bought the flat in the first place.
I was actually TRYING to make good my situation and get out of the rut, so please don't talk to me like I'm your wife whose wrung up your gold card!

McKneff

Your trying to get out of paying a debt to make good your situation for yourself.
You said yourself you have an inheritance.
So pay some of the debt off with that
Dont tell me you cant afford to pay more than £1.00 a month.
And i dont have a gold card. I dont have any debt.
Why do you presume I am a man in debt to a gold card anyway.

Shinysprite

McKneff wrote: »

I dont have any debt.

So, McKneff, you are posting on the DFW board because....? :rolleyes:

This board is for advice, not judgement and your comments are not helping anyone. It is precisely because of sanctimonious people like you that those of us struggling with debt *for whatever reason* feel stigmatised and might not feel able to seek the help we need.

Innocentsi - unfortunately I have no advice to add but I wish you luck with sorting out your situation and I know from personal experience that the majority of posters on this forum are very understanding and give very good advice. Good luck!

McKneff

dont be silly, have you looked up the word sanctimonious

Anyway, I'm , off now, i just cant cope with people who ask for advice on
trying to get away with not paying what they have borrowed and spent and then rub their hands in glee when theysee an opportunity to not pay what they freely admit they owe.

innocentsi

Right. Well I believe I came to this forum for HELP and ADVICE. Neither of which was found in your post to me.
Unless I navigated wrongly, I'm quite positive this forum was not called 'Gloat & Chastise at the people who are in debt forum
So whilst I applaud you for keeping your financial nose clean, I DID come here for help and I DO want to remedy my predicament.
I'm sure your views on finances were different ten years ago than they are now?

GeorgeUK

I think your best option may be to try to save some money and make a reduced settlement offer to them. If they are aware that you are no longer in the country, it might be their only chance of getting anything back.

Not sure about the bankruptcy - you would be better checking with either one of the free debt charities about the impact it may have on your flat, or possibly the citizens advice bureau.

I'd also advise posting on the bankruptcy board here - there may be some others that have some experience of what may be expected. I can understand your concern - as it is a joint mortgage, your mother would become fully liable and responsible for the debt after you became bankrupt.

costapkt

McKneff wrote: »

Your trying to get out of paying a debt to make good your situation for yourself.
You said yourself you have an inheritance.
So pay some of the debt off with that
Dont tell me you cant afford to pay more than £1.00 a month.
And i dont have a gold card. I dont have any debt.
Why do you presume I am a man in debt to a gold card anyway.

If you do not have any debt , then what are you doing on here ?
Keep your smug opinions to yourself you ever so perfect person
Even you must have a skeleton in the cupboard