Think I might get a BRO

script

Nervous Mother made a brilliant point.

Not that any of us want a BRU/BRO.

But if it's for 6 years or less (and it would be extremely rare to be any longer than that) - and as she said it hardly matters.

Credit is shot to hell for 6 years anyway.

And the other restrictions are very very unlikely to have any great effect on us.

boseboy03

Well I am one of the Minority that received a BRU and really don't stress at all. The further restrictions are really of very little detriment to my life, at first the not knowing what a BRU entailed was the worrying bit but now I am informed it truly is nowt but letters to add to my collection. My BRU will be finished with by 2012 and just in time for my 40th Birthday too :beer:

Matt1982

Boseboy do you mind me asking. why did you get one?

boseboy03

Received it for Spending money and furthering debt whilst insolvent, robbed peter to feed paul to be honest. Many circumstances led me to the path I took before the realisation that I could no longer sustain my family, home etc

I did not lead anything like an extravagant life but after 2 Planned Children and 1 Unplanned I found that i just could not provide for my family without creating debt. Whenever I struggled the lovely friendly HSBC always seemed to want to throw money at me, they even deposited £10,000 into my account on the strength of a single phonecall initiated by them not me. Some of this was used to pat credit cards and some to live. They seemed to pray on my then naiviety and made themselve seem like friends helping a friend out in times of need. I of course agreed to these monies but they and others made it so easy.

The spending and borrowing with no clear or practical way of paying it back was what I was judged upon and so the BRU was agreed to. I know now that I was so obviously unable to pay monies back but unfortunately I took the ostrich approach and ignored it. So I have no lost my home, my car, some but not all of my dignity, a few hairs on my head and a sizeable chunk of debt. I do however have a brighter future and better financial understanding that will be passed to my kids.

Selfishly I don't concern my self with these Abbreviations that I gathered on my journey, I beat myself up too much before and after BR. I know longer worry about letters.

curly04

boseboy thank you for sharing

I am pleased this is almost over for you, I'm at the start of this long road and did the same as your robbed peter to pay Paul

At least knowing you have got through this (as many others on here) its really helping

Curlys