A big big thankyou to all, £92000 better off

blueback

Karen_30 wrote: »

Just wanted to wish you lots of luck for your future blueback - however you worked out clearing your debts they are gone and hopefully you can now have some deserved happiness after what seems a particularly bad time for you :-)

I have approx 50k of debt (originally 63k) and had to opt for a dmp due to large paycut (not my fault) - they're going....slowly! I've no doubt some creditors will get funny in time but will deal with it when and as.

Again, best of luck.

K x

Thanks K

Not quite out of the mess although considering I was paying £833 per month into a DMP before NR got their fake charging order I cant believe how easy it it is to live on £20K pa without using credit cards.

What people forget is that a CCJ or default acts the same way as going bankrupt. Most people dont have major assets and most people have a joint mortgage.

Knowing you have nothing they can take and they cant touch your equity as long as your home is jointly owned and the defaulted debt is for one of you means that you have time to sell your home if you have equity or stay put if you dont and just wait for the 6 year statute barred limit.

I understand that people get scared when they reeive letters or calls, but it is really important to understand that they have no rights whatsoever other than to take you to court and you the consumer have many more rights in order to ensure that they abide by the law.

It is timing and you have to be organised, I ensured that sold my assets for the going rate, used the proceeds to suplement my reduced earnings, learnt how to live within a budget and relaxed.

If people realised how rich you can live with £20k and 3 kids to support by growing veg, turning lights off when not used, going to the supermarket at 1930 and never, never, buying ready made food for starters, they would never use a cresit card again.

I have a couple of years left before the remainder of my self enduced debt plus 1000's in charges and interest become statute barred, but I wont be applying for credit on the anniversary because I have realised after checking 100's of statements how much that £40 on the credit card cost me over time........ if I had paid it back(:rotfl:) of course

blueback

I forgot to say that that although after having credit on a string for so long, not to be able to have the couple of hundred on the card for a new suit or handbag was infuriating at first, but paying cash for something I actually needed after saving for it was far more infusing..........try it..its soooo liberating