Dont Know What To Do

Maria81

My BF and i have been together for about 3 years. Before me he was with a woman that used him totally, he's never been married but this woman took total advantage of his depression, basically she run up thousands of pounds of debt in his name, took all his inheritance, and that was that. He worked his butt off to repay all the debts which were a lot!! but that was at his old job when he was well paid, he's now moved up north with me and he thought all the debts were sorted but now he's got a letter saying he ows 300 and has had one saying he ows 13 thousand!! there's no way that we have that money, we dont have much at all.
Dont know what to do and the letters they send you are scary.
Its making us both depressed and dont know what to do about it all, when do you think about going bankrupt? we are never silly with money and i have no debts, only had one in my life which is all fully paid off and no more will i make!

So_Sad_Angel

Maria81 wrote: »

My BF and i have been together for about 3 years. Before me he was with a woman that used him totally, he's never been married but this woman took total advantage of his depression, basically she run up thousands of pounds of debt in his name, took all his inheritance, and that was that. He worked his butt off to repay all the debts which were a lot!! but that was at his old job when he was well paid, he's now moved up north with me and he thought all the debts were sorted but now he's got a letter saying he ows 300 and has had one saying he ows 13 thousand!! there's no way that we have that money, we dont have much at all.
Dont know what to do and the letters they send you are scary.
Its making us both depressed and dont know what to do about it all, when do you think about going bankrupt? we are never silly with money and i have no debts, only had one in my life which is all fully paid off and no more will i make!

Hi Maria

Firstly welcome Hun.

Sounds like you have been through a bit of a shock with all this. Firstly you must speak to one of the Debt Charities...CCCS/Nat Debtline/CAB.

Bankruptcy is always the very last resort & if your debts are under 15k then Debt Relief Order may be more suitable....both depend on the specific case.

Please try & realise that worry will only make you more anxious & depressed...it will not make the problem go away. Take action , get yourselves informed through reading & seeking advice. That knowledge will ease the pressure you are putting on yourselves & be able to work out the best solution for you.

Hope that helps...keep asking the questions....most of us know what you are feeling & its scary right now but it will get better....there is always a solution.

Angiexx

Maria81

thank you so much for replying and for being nice too, i have been on another site for debt cant remember the name but they made fun and made me feel like crap.
i admit i dont know much about financial stuff, useless with it all to be honest, but he's having a really hard time right now, with all this coming up again when he thought that he had sorted it all.
its more frustrating coz it wasnt even his debt - though run up by his cards and name so i know he owns it whatever she did to him.
she's onto her next victim now nad bleeding him dry.
and we're left with this. i just feel like crying at times and it does scare me, when we dont have much money to start with.
will have to have a talk to my BF tomorrow and finally talk about it as its a sore issue, but i just want it gone.
thank you for your help! x

So_Sad_Angel

No one will make fun of you here....most of us know just how bad debt issues can be....even worse if they come as a shock as this has to you. The main thing is that you are on the road to getting it sorted.

Here are the numbers for the debt charities...never pay for advice...you need it to be impartial. I would say that depending on the urgency Nat Debtline are best for immediate advice.

• Consumer Credit Counselling Service: Full debt help service. Link: CCCS Tel: 0800 138 1111 Opening times: M-F 8am-8pm
• National Debtline: Full debt help service. Link: National Debtline Tel: 0808 808 4000 Opening times: M-F 9am-9pm, Sa 9.30am-1pm
• Citizens Advice Bureau: Full debt and consumer advice service. Link: Citizens Advice or visit your local CAB centre (find nearest) Opening times: different for each bureau

Also if debt is below 15k ( again strict criteria here) your BF may be able to look at Debt Relief Order....see sticky at top of this board.

Do nothing without taking advice first. Ask as many questions as you want here....support is here if you need it. Feel free to PM me if you need just a chat.

Take care & you will sort this out.

Angiexx

miss_spooky

Hi Maria81,

As he was with his ex over 3 years ago you could try sending a statute barred letter to both companies and see what they say. A SB account is where an account hasn't been acknowledged in writing or payments made for 6 years, after which time the company can not chase you for payment - once procedure has been followed. Does he have any idea when these two debts were taken out? You'll be looking at 2003 and the actual date the agreement was agreed. i.e an agreement taken out 26/09/03 will be SB 26/09/09.

To check this before sending the letters you could do Experian's month free trial for a credit report. Don't forget to cancel membership before the end of free month. Or send of for the reports at £2.00 each.

There are a couple of templates floating around if not try the National Debtline website as they have a fact sheet & template on it.

HTH