please help ive got into a tricky situtaion

elfieb

coolcait wrote: »

I'm not entirely sure whether you took out the loan because you needed it, or because you wanted to teach Provident a lesson?

I completely agree that Provident - with their extortionate rates of interest, hard sell and hard ball attitudes - need to be taught a lesson. (Watch that extremely judgemental statment pass the 'this board is not for judgement' filters, unchallenged ).

However, I can't see that losing out on a £500 loan, plus the extortionate rates of interest, will make them see the error of their ways. It would be nice if I was wrong on that one, but I can't be that optimistic, I'm afraid.

As for not realising the consequences of taking out a loan so close to applying for a DRO, and at a time when you knew you intended to apply for a DRO...

I'm afraid that I do feel outraged on behalf of all the people who took the time to make you aware of those consequences:

http://forums.moneysavingexpert.com/showthread.html?t=2270855&highlight=

I stand by what I said on the original thread to which OP didnt seem to take a blind bit of notice :mad:

Provident would more than likely appeal the DRO (creditors have 30 days from the date of the DRO in which to do so) claiming that you were solvent when you took out further debt, so how you could you be insolvent 2 days later??
Your DRO could then be revoked, £90 lost, and all debts back.

I would also add, that failing that, you are all but certainly looking at a DRUU.

kate252

coolcait wrote: »

I'm not entirely sure whether you took out the loan because you needed it, or because you wanted to teach Provident a lesson?

I completely agree that Provident - with their extortionate rates of interest, hard sell and hard ball attitudes - need to be taught a lesson. (Watch that extremely judgemental statment pass the 'this board is not for judgement' filters, unchallenged ).

However, I can't see that losing out on a £500 loan, plus the extortionate rates of interest, will make them see the error of their ways. It would be nice if I was wrong on that one, but I can't be that optimistic, I'm afraid.

As for not realising the consequences of taking out a loan so close to applying for a DRO, and at a time when you knew you intended to apply for a DRO...

I'm afraid that I do feel outraged on behalf of all the people who took the time to make you aware of those consequences:

http://forums.moneysavingexpert.com/showthread.html?t=2270855&highlight=

you said you felt outraged on behalf of those taking the time to make me aware of those consquences- i dont understand because no one did take the time to tell me- if i knew i dont think i would have done it- so i am not sure what you mean there- i genuinely thought id be home and dry and it would be wiped off i didnt kow creditors could contest debt relief orders- so why do you feel outraged on behalf of the person who didnt tel me this?
not sure here you are coming from

why d you think i did this realy odd risky thing to teach some company i dont care about a lesson?
its a bit odd- of course i needed the money- dont be daft

kate252

kate252 wrote: »

you said you felt outraged on behalf of those taking the time to make me aware of those consquences- i dont understand because no one did take the time to tell me- if i knew i dont think i would have done it- so i am not sure what you mean there- i genuinely thought id be home and dry and it would be wiped off i didnt kow creditors could contest debt relief orders- so why do you feel outraged on behalf of the person who didnt tel me this?
not sure here you are coming from

why d you think i did this realy odd risky thing to teach some company i dont care about a lesson?
its a bit odd- of course i needed the money- dont be daft

oh and i agree- i doubt very, very much that my small little rebelion that wil probably back fire on me wil trigger any kind of responsabiliyt or feelings of decent humanity in provident- others have tried- a whle back a load of people tried to take provident to court for their extortionate interest rates and at the time it was thought that if successful it could turn provident n its head
it didnt work and there is still no law as to what is a reasoable amount of interest to charge and who yu can loan too

its like martins campaign to get bank charges revoked- looking good but didnt make it-

ontheroad_2

kate252 wrote: »

you said you felt outraged on behalf of those taking the time to make me aware of those consquences- i dont understand because no one did take the time to tell me- if i knew i dont think i would have done it- so i am not sure what you mean there- i genuinely thought id be home and dry and it would be wiped off i didnt kow creditors could contest debt relief orders- so why do you feel outraged on behalf of the person who didnt tel me this?
not sure here you are coming from

why d you think i did this realy odd risky thing to teach some company i dont care about a lesson?
its a bit odd- of course i needed the money- dont be daft

I don't know anywhere near enough about the DRO process to know about taking on more debt just before you go DRO - but I've just read your previous thread highlighted by coolcait - and its full of people taking time to advise you not to do it, and why not. As skylight says now though, whats done is done, you'll just have to wait and see now how it affects your DRO.

kate252

whats a DRUU

i dont think it wil revoke all debts back but just revoke that particular debt
thats what my solicitor told me anyway

if you have to be solvent to take loans out then why are provident open about lending to people with bad credit and to people who have done a DRO? or even in a position to do one as i was?

so it seems things are a bit murky here- when is the suitabl time to take a loan before a DRO- a few months or a week- wats the difference?

does it mean that anyone taking a loan out that end up not being able to repay it are fraudulent?

i disnt see a diffreence in someone spending years sending money on credit cards and getting this wiped off on a DRO and what i did to be honest

the only differnec is the time frame

you only decide to do DRO on the day you actually submit the forms and do it- at any time you can chane your mind and not go throgh with it

so in my mind- which is probably not the laws mind- i could have taken it out with the intention to pay and not do the DRO and thoght better of it and panicked when i saw the interest rates

well see what happens but the idea that i cat apply for a loan if im not solvent doesnt make sense when provident will lend to any body- if they wil lend to any body why cant they accept then that these things will happen- what did they think would hapen loaning to someon riddled with court orders?

they were very eager to put another debt on top of all that, and how dd they think someone could pay back a loan when they had £8000 already to pay back? which is seen through a credit check, i wasnt under bligation to provide them with a credit check

as lenders they shuld have done one and made reasonable decisions

they shouldnt go boo booing to me about it an d take it on the chin.

it can be revoked and then i can pay but they wont be getting 20 poundsa w eek off me they will be getting a more affordable ten pounds and i belive they cant continue to raise interets if you do this

kate252

ontheroad wrote: »

I don't know anywhere near enough about the DRO process to know about taking on more debt just before you go DRO - but I've just read your previous thread highlighted by coolcait - and its full of people taking time to advise you not to do it, and why not. As skylight says now though, whats done is done, you'll just have to wait and see now how it affects your DRO.

whats going on here?

listen no one told me not t do it- i started this whole post AFTER it was done- way after

so can peole stop feeling ooutraged n behaf on people telling me the consquences and what would happend if i did it etc

this didnt hapen ok?

i posted on here after i did the loan and after the dro and when i found out the consequences of what i had dne

skintbutsolvent

You posted over a month ago asking what would haen if you did it and were told it was potentially fraud and strongly advised not to do it. You now post saying you have done it this week and didn't know it was wrong. That doesn't make sense, you blatently DID know but went ahead anyway, so you deserve to suffer the consequenses. What you have done is COMPLETELY different to the 'robbing Peter to pay Paul' that so many of us have done, always hoing to find ourselves in a better position.

You don't decide to declare yourself insolvent on a whim, it takes time to realise your position, accept it, find out the process etc - and as you asked about it a month ago please don't make out you only decided days ago. People on here have been in awful situations whilst dealing with their insolvency and I am afraid its people like you that make us all look bad.

shellsuit

kate252 wrote: »

you said you felt outraged on behalf of those taking the time to make me aware of those consquences- i dont understand because no one did take the time to tell me- if i knew i dont think i would have done it- so i am not sure what you mean there- i genuinely thought id be home and dry and it would be wiped off i didnt kow creditors could contest debt relief orders- so why do you feel outraged on behalf of the person who didnt tel me this?
not sure here you are coming from

why d you think i did this realy odd risky thing to teach some company i dont care about a lesson?
its a bit odd- of course i needed the money- dont be daft

kate252 wrote: »

whats going on here?

listen no one told me not t do it- i started this whole post AFTER it was done- way after

so can peole stop feeling ooutraged n behaf on people telling me the consquences and what would happend if i did it etc

this didnt hapen ok?

i posted on here after i did the loan and after the dro and when i found out the consequences of what i had dne

This is where you asked about it and where people told and advised you not to do it.

If you click the link and read it, you will see!

http://forums.moneysavingexpert.com/showthread.html?t=2270855&highlight

elfieb

kate252 wrote: »

whats a DRUU

i dont think it wil revoke all debts back but just revoke that particular debt
thats what my solicitor told me anyway

A DRRU is a restriction placed upon you for a duration of anything from 2 to 15 years. They are not something to be taken lightly, and your "solicitor" should have advised you of this.

If the DRO gets revoked ALL debts are back.

peachyprice

Duh!

http://forums.moneysavingexpert.com/showthread.html?t=2270855&highlight

Do youself a favor and stop taking the p!ss out of people here who have been good enough to give you advice that you chose to ignore.