Using CC when facing LILA

miss_watson

Hi everyone, not sure if this is the right place to post this, quick senario of my situation is that we have handed back my partners car to the finance co, we have handed back the keys to the mortgage lender of the house and now live with boyf parents at the moment this was at the advice of the CAB and when all shortfalls are finalised we will be going into a LILA. Now the reason for my post is that I have a credit card which will also be going in to the LILA but the question I have is that there are some things which we need for the new house like a baby gate for the stairs, is there a cut off date for using my credit card? This will be the first month that I wont have made a payment to them, or should I really think of this card as null and void as from now?

Thanks for any advice or rows lol

Em
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izools

It would be fraudulent using a credit card that you know is soon to be written into any kind of insolvency. It should be in the trash, in pieces.

I've not come across the term LILA before. Is that similar to Bankruptcy? Is it a UK term? Am I being really ignorant here?

Arwen

I wouldn't be using your Credit Cards if you are going into a LILA.The AIB will very probably have some stern words to say to you.Probably better to start living without Credit Cards now.

Why don't you try boot sales/your local paper/NCT sale for stairgates,there are plenty of second hand ones about?

miss_watson

Thanks guys, I really knew what you would say but I just wanted to double check. I havent used it since before the day we first went to the CAB 2 months ago, its in the drawer but will be shredded tonight, thats a great idea about the boot sale tho I wil try that, the one we have isnt big enough for the staircase in my boyf parents house.

sorry izools a LILA is a term used in scotland it stands for Low Income Low Assets so now we have no house or car we have no assets my boyf is unemployed and I only work 21 hours a week not a very happy situation going into a LILA but a necessary evil, even with my dad trying to help us we had no other choice. Im trying to look on the bright side and we started out living there together for a while before we bought the house 5 years ago athough they are a bit more set in there ways now but nothing major!
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thanks again,

Em
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izools

Well good luck with everything, you will be fine in the end.

I had to go cold turkey when I was declared bankrupt last march and it is a big struggle having all your credit cut and having no plastic, but you'll learn a lot, and quickly, about how to budget & be thrifty. Learning how to maximise how far your income goes and minimise your expenses is a real art, and you will be proud to have mastered it soon enough

Best wishes

fermi

Hi.

Should just point out this board on MSE....

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> Bankruptcy & Living With It

May be helpful at some point.

miss_watson

Thanks izools you are so right im working to a budget at the moment and so far it seems to be working its tight but no debt is actually a good thing, i know it is still there at the moment but the thought of being free of it actually comforting at times now. lesson well learned i have to say.

thanks fermi i will have a wee nosey round there, its good to know that we arent the only ones well as good as it can be.

Thanks again everyone for your advice,

Emma
xxx