Wannabe WAG in £85K Debt

iB1

http://www.thesun.co.uk/sol/homepage/woman/real_life/3117936/Wannabe-WAG-in-85k-debt.html?OTC-RSS&ATTR=Real+Life

RRESPONSIBLE British women are spending more than ever trying to live the WAG lifestyle - with devastating consequences.

They are a whopping £13BILLION IN DEBT - £3billion more than men - and more are going BANKRUPT as a way out.
Josie Stephens, 33, knows more than most about the problems caused by overspending to copy the WAG lifestyle - the admin assistant has built up debts of £85,000 with her decadent lifestyle.
However, Josie has an alternative to simply paying back the money.

She says: "I'm just going to go bankrupt - it's so easy these days. It will clear all my debts and there are hardly any repercussions. "Kerry Katona did it and even though she spent cash she didn't have, all her debt is now totally wiped clean.
"It's a brilliant option and means I can spend far more than I earn."

Recent shocking statistics show that Josie is not alone in her attitude. The number of British women going bankrupt has risen tenfold in the past decade.
Figures released by the Insolvency Service also show that the biggest culprits are women aged 25 to 44.
Experts are putting the rise down to "irresponsible spending" of women trying to copy glamorous celebrity lifestyles and seeing bankruptcy as a "quick fix".

Josie, from Finchley, north London, admits she has spent a fortune trying to emulate the WAG lifestyle on an annual salary of £25,000.

Josie, who seems unaware of the dangers of bankruptcy, says: "A few of my friends are the same as me and are in huge amounts of debt.
"We all want the WAG lifestyle, which means expensive clothes, holidays and nights out.

"I see my credit and store cards as free cash and only pay off the minimum so the companies don't cancel them. The rest of my salary goes on rent and bills but I spend around £400 on shopping a week."

Josie is single and started spending heavily three years ago after the failure of a long-term relationship.
She says: "I realised I was never going to marry a rich man and be looked after like a WAG, so I started spending money to cheer myself up.
"I had a good credit rating at the time so was handed two personal loans, nine credit cards and three store cards.
"One of the first things I bought was a £1,700 Louis Vuitton handbag. It cost more than my monthly salary and the excitement of buying it was fantastic.
"The shop assistant treated me like a celebrity and I loved the whole experience. That is when I became addicted to spending."
Josie's debts continued to spiral out of control, without her feeling any responsibility for her crazed spending. The most Josie has ever spent in one purchase is £4,500 on a Gucci coat.

Bankruptcy could cost Josie her job, home and a secure future and see her in court but she thinks she can hide her debts from her family.

She says: "My parents don't even have a credit card and would be devastated to know about my looming bankruptcy.
"They think I buy nice things with bonuses from work - which don't really exist."
Over the past three years, Josie has spent £33,000 on clothes, £32,000 on clubbing, drinks and gifts for friends and £20,000 on holidays.

"When you break it down, the amount I spend looks scary but I don't feel guilty because the banks were happy to hand me the cards.
"I realise that when I go bankrupt there will be a note on my credit file but once I'm discharged I can start again.
"It will be a clean and easy way for me to get out of debt.
"There isn't much stigma attached to it any more, as celebrities are openly doing it. The moment I can't pay back the minimum payments on my cards, I will be filing for bankruptcy.
"I already have the forms ready to fill in. For me, bankruptcy is the perfect route to living the lifestyle I desire."

The numbers are typically a little over inflated. It looks as if she has spent £85k on credit - doesn't necessarily mean that she is 85K in debt. However what with minimum payments and interest on the credit cards, it's probably still a very high figure.

Some of the naivety is shocking. Basically tried and failed looking for a money-source of a husband and is now attempting to spend herself into bankruptcy.

I'm not sure she realises how long it will be before she would be able to get a credit card again - and what bloke would touch a gold-digger like that with a bargepole?

And a final note. How do you attempt to hide debts from your family when you're plastered all over a national newspaper???

StevieJ

What a load of rubbish

Strings

This is one person they are reporting about, probably made up as well

GDB2222

Fairly clearly, bankruptcy is the only way out when you are as much up a creek and paddleless as she is. However, I think the courts will treat her more harshly than she thinks. Although she may be discharged in a year, they can make an income order for 3 years. There's also the question of criminal charges. Knowingly running up debts like this is actually against the law.

1984ReturnsForReal_2

I bet she wont be able to withdraw any money this afternoon...........


Edit: and the dress looks !!!!........

doire_2

These bit.ches make me sick

jamespmg44

Should bring back debtors prisons for these folk.

Quite clearly committing theft and should go to jail for it.

Blacklight

Josie Stephens, 33, knows more than most about the problems caused by overspending to copy the WAG lifestyle - the admin assistant has built up debts of £85,000 with her decadent lifestyle.

Josie, from Finchley, north London, admits she has spent a fortune trying to emulate the WAG lifestyle on an annual salary of £25,000.

There are the two most important parts.

Graham_Devon

Blacklight wrote: »

There are the two most important parts.

Why are they the most important?

The_White_Horse

prison for 25 years would sort out this thief.

Blacklight

Blacklight wrote: »

There are the two most important parts.

Important Graham because people love to remind us how much the 'average' wage is in this country and how intrinsically linked to house price this magic number is.

They love to tell us how out of kilter house prices are with the 'average' wage and how this cannot possibly be sustained.

Although here we have someone employed in work with the social standing just a little above bin man earning a little more than the 'average' wage, which demonstrates what complete bоllocks that whole argument is.