A big big thankyou to all, £92000 better off

blueback

I just want to say a big thank you to all the valuable information on here.

For the last 3 years I have been living with £104,000 of debt and having to deal with 13 DCA's and 11 creditors.

Letters, phone calls and the rest.

I started sending off the template letters on here just under a year ago now and as a result £92,000 has been written off.

No phone calls, no letters, no harassment and my CRA file that was 10 pages of defaults and CCJ's has begun to shrink as one after one they capitulate.

With the additional help of the FOS and TS, I have won £12600 in compensation and £4734 in PPI. When the Banks lose their appeal about default charges there is also another amount due from them.

Although not affected by bullying tactics, I advise anybody going through the debt trap to spend an hour a day to organise their files and get a book of 2nd class stamps and £1 Postals Orders. Take the template letters and advice from the site and begin the cleansing process.

Thank you all once again

hettiecarro

Blueback

I am really interested in your situation. I am currently £60000 in debt. I have had to give up my job and now have no way of paying this off. How did you manage such an outcome? Any advice will be VERY gratefully received.

jennyo

I love hearing people success stories, they are inspirational, I am looking forward to my debt free date which is at the latest april next year.

StuTheDon

blueback wrote: »

I just want to say a big thank you to all the valuable information on here.

For the last 3 years I have been living with £104,000 of debt and having to deal with 13 DCA's and 11 creditors.

Letters, phone calls and the rest.

I started sending off the template letters on here just under a year ago now and as a result £92,000 has been written off.

No phone calls, no letters, no harassment and my CRA file that was 10 pages of defaults and CCJ's has begun to shrink as one after one they capitulate.

With the additional help of the FOS and TS, I have won £12600 in compensation and £4734 in PPI. When the Banks lose their appeal about default charges there is also another amount due from them.

Although not affected by bullying tactics, I advise anybody going through the debt trap to spend an hour a day to organise their files and get a book of 2nd class stamps and £1 Postals Orders. Take the template letters and advice from the site and begin the cleansing process.

Thank you all once again

Hmmm - slightly suspicious - you use the words "written off". Are you sure you dont mean unenforceable which is different entirely?

I'd be very surprised if these DCAs and other creditors just capitulate upon receiving a letter.

blueback

Unenforceable by them, written off by me

Hope this helps?

BeautyandtheBeast_3

Fantastic news- well done - im in for the long hard slog - no CCJ or defaults so thought better get a move one

skysky69

How do you go about getting debt written off? Is this debt that you have got into by spending 96k of someone else's money and then not being able to pay or a quite substantial smaller debt that has spiralled with charges and costs to 96k?

I have relatively large debts, that I am well aware that I got myself into and spent every penny so I plod on, trying to pay it back a piece at a time - its my responsibility. Can I just get mine written off? Seems a bit of a con that people can get them written off without having to pay them back if they had the money and spent it all.

alistair1234

Seems like people are looking for an easy way out.

This pushes up the price of credit for everybody else who intends to pay it back.

StuTheDon

There have been numerous debates on these boards about this. For me, I believe if you have spent it you should pay it back without exception. People complain about having to pay interest and charges but, sorry, you signed the credit agreement with the terms laid out.

Unfortunately it is the easy way out for some people who dont want to take responsibility for their actions.

Of course there are some cases like illness, divorce where it is outwith someone's control however I would say that running up debts of £104,000 is downright criminal.

But, at the moment, the law at least appears to be on the side of individuals who find issues with their credit agreements so they will continue to pursue these routes. It will be the rest of us that pay, either through higher interest charges or via tax to bail out these institutions.

andys15

I completly agree with stu the don. Dont start congratulating this guy. He is basically a con man. He has spent £100000 and hasn't paid a penny back. What the hell did he spend over £100000 on. People in here sympahise with this guy, but he has probably lived like a king racking up this stupid amount of debt, with no intentions of giving it back. Who are the mugs, we are who pay back our debt.

Greenbynature

Sorry I don't know your full story on how you got into that amount of debt but I have to agree with others I don't think its right or fair that people who rack up huge debts should get it written off while honest people like myself want to pay back their debts.