Keeping catalogue? Advise please?!

carrie6874

Hi to anyone who can please help,

Planning on going br next month. I have a littlewoods and great universal catalogue but have managed to pay them off. They are listed at my parents address (just never got round to changing them to my current address) but I really need to keep them as it is the only way I can afford clothes for my son and I, christmas and household appliance emergencies etc.

My questions are:

If I don't owe them any money do I have to declare them to the OR?

If they are linked to my parents address would the OR find out about them if I didn't declare them?

And, should I tell l/woods and gus that i'm going br - will they let me keep them if i've never had problems paying them?

Any feedback would be gratefully received as it's the only thing worrying me about going br.... Really want to be 100% honest with OR but just can't risk losing option of buying on catalogue.

Thank u!

fiveyearplan

Once you are BR you have to inform anyone you are seeking over £500 credit that you are bankrupt. I think you still have to inform the OR about the catalogue even if you don't have a balance but I'm not 100% sure on that.

Bethankim

Hiya,

you will need to decalre them as you have the catalogues. plus you are in effect taking credit so must inform the catalogues, its likely they will stop your account.

and this bit is my own personal view, when i faced bankruptcy i had to change my mindset about buying on credit and make changes. right now you may use catalgues because you have so little money. It may take a while but perhaps working out what you were paying and saving that £5 a week e.g in a credit union account or anothwer basic bank account.

Last year when i stopped spending i cut christmas to a minimum and worked through my guilt about christmas etc. It is perhaps one of the hardest things to change is the emtionial attachment to spending.

sorry if that is not what yoy asked or wanted to hear, but part of the support i found most useful was the honesty.

Beth
xx

maxmycardagain

once BR you only have to inform when applying for credit of over £500, and you may not have to inform the OR of a facility you have with a zero balance....

single+2angel

My OR let me keep my littlewoods account but I had to call them to reduce my limit to around £450 or less(I reduced it to £ 250 but I did not use it til a month ago.Finding it really expensive) Now I am discharged and with a limit of £ 1150. The OR will know of this account because it's on your credit file. Call LW now and reduce your limit so it will show as under £500 on your Credit file by the time you are BR. Then it's no problem. If there is no balance on the Lw account just put it on the BR form Lw catalologue: £0.
Good Luck with your BR.
x

Holes_in_my_pocket

i Had a zero balance and didnt put on forms. Used 2 weeks after bankrupt small bill paid it straight away asked to lower credit level to £500 didnt say why everyone seems happy and it builds credit rating