confession time and advice

JasX

Ok, afraid most of the advice we can give is speculative without knowing much more detail?

Assume you don't own a house, car, valuables or anything else readily saleable so that route alone wouldn't get you all the way?

Might be worth talking to family about it too, you never know what one of them might have up their sleave (friends who are Lawyers, a rainy day fund for family emergencies, willing to take a loan out for you even... etc)

If they go through with the police thing it'll probably be quite tough to keep from your current/new employer, found this when trying to look up what police/court action might be:

http://myreader.co.uk/msg/130421393.aspx

"I'm afraid that much of this is seriously misleading. Courts have to
use guidelines, and the guideline 'entry point' for theft in breach of
trust, with a loss of £5000 is custody, for a conviction after trial.
A timely plea of guilty, previous good character and repayment of even
part of th cash may allow the court to come down the scale, either to
a suspended sentence or a high community penalty. A caution is highly
unlikely.
This is far far too serious for Usenet, where the advice is often
unreliable, even when well-intentioned. Get legal advice quickly, and
follow it.date: Fri, 19 Jun 2009 00:20:04 +0100 author: unknown "

Probably the only accurate bit is the line about internet advice being unreliable, things being quite serious and you really need proper advice... I'm worried it being several incidents over time rather than a one off might count against you further.

Might be a contraversial suggestion but if it were a choice between taking a high interest loan for the money vs destroying future earning potential for an extended period the high interest rate might look the better value -Obviously would depend on what your current outgoings/income allows you to afford (people have been known to take drastic steps like moving back in with parents relatives etc for a while when money becomes critically tight)

Depending on what industry you're in and if a future bankrupcy wouldn't be a critical problem perhaps that wouldn't be the worst option long term either.... (probably another contraversial suggestion there too)

There is the option of negotiation with the employer, sounds like they've been EXTREMLY generous so far so not sure what you can expect in future....

Don't forget your 31st August deadline is a bank holiday.... probably complicates things/shortens the time you have left further.

Final consideration from the other end of the field are you certain they aren't going to go to the police even if they do get their money?

Sounds like a very difficult position to be in but best of luck!!

misspoppy

Hi

I think the best thing is to speak to your former employer and see what options are available loans don't sound a good idea but if its the difference between police action and not I'd be tempted to get a loan by any legal means possible. You could start with a credit union they might be able to lend you enough to buy you some time and leverage with your former employer.

Good luck and consider telling us about all your financial difficulties as thats what has got you into this mess and presumably needs sorting.

cirrusmp

In this case anything is better than a custodial sentence. Have you tried someone like yes loans or HFC/Beneficial - maybe even provident?

There APRS are absolutely ridiculous - 60-80% plus, but they will lend pretty much anyone money...

Ames

I just want to put your mind at rest about one thing. My ex stole £6k from his employers due to a gambling addiction, and he got 120 hours community service, the judge told him they'd been told not to hand down custodial sentences for that. There was someone on here a few months ago who also stole a lot of money from his employers (the IR!) and he didn't go to prison either.

I agree though, getting a loan, even if it's through a family member, would probably be your best bet. I don't know too much about loans, but would getting a guarantor make it any more likely to get a loan?

dancingfairy

credit union? they may be able to help?
df

wannatry

Hi

Thanks everyone for your responses, I really appreciate it. I agreed to contact them today with regards the money and have been unable to get in touch with my HR manager and so have composed the following email, just wanted your opinions. I'm going to offer to pay £170 per month for the rest of the year and then I'm going to apply for a guarantor loan for the rest. I have several people who can guarantee me but the amount isn't big enough so don't have another option. Plus it will take a month to sort out. I hope they'll agree but who knows, if you have any suggestions as to how to improve this that'd be great - need to send it soon.

Dear

I hope you are well.

Further to our conversation last week, I visited the bank yesterday to confirm a loan payment to pay the amount that I owe to the company.

Having first agreed that they were able to assist me, they have now advised that they are unable to provide me with a loan. Having applied through my bank branch I was assured everything would be fine, so felt no need to look elsewhere. Due to changes in situations both theirs and mine they have now changed their minds.

I have spoken to both family and friend non of whom are able to help me, and as you know with my debt problems finding another way to pay back what I rightfully owe is proving very difficult.

I really want to avoid involving the police and want to do everything I can to pay back what I have taken but I am not going to be able to do this by the agreed deadline of the 31st August.

I wondered if there was another alternative? I know with everything I have done I am in no position to ask for favours but I don't have another alternative.

As you know I have recently started a new job and so am in a position to be able to make a monthly payment. I know this isn't a permanent solution as I'm sure you want this issue resolved. I can afford to make a payment of £170 per month. If you could allow me to do this until January when I will have made alternative arrangements. I have applied for and been provisionally accepter for a guarantor loan which my family will back up for me. This will then clear the remainder of the money.

As I said before I know the original agreement was for the 31st August and you wouold like to avoid dragging this out, but I would be greatful if you could consider this. If you the need the monthly payments to be higher then obviously I would increase these. I really will do whatever it takes to prevent you taking this matter further.

Could you give me a ring when you've had a chance to read over this.

Many thanks for your help

wannatry

Can i bump the message please........

SazM030306

I'd miss out the 'I hope you are well' for a start'. This would set them off in the wrong mood. Kind of greasing up to them?
Also 'if you need the monthly paymenys to be higher then obviously I would increase these' - you've said you can afford £170, this statement leads them to believe you can afford more than this and are only offering minimum.

Just a couple of thoughts there, I'm no expert it's just what stuck out to me.

Good luck with it, I hope they agree.
Saz
xxx

tallyhoh

sounds good to me

slummymummyof3

Quote 'If you the need the monthly payments to be higher then obviously I would increase these.' Quote

Reading your email, I think the bottom para - you are suggesting that you are in a position to make a higher monthly payment but only if they want - any way you could reword this as I would suggest they will say 'yes, we want higher monthly payments'