£30,000 debt on CC's. Can this be written off? I don't have PPI

pinkgeekette

Hello,

I am actually trying to gather information on behalf of my boyfriend at the moment. He was made redundant 6 months ago and decided to go off travelling for 8 months.

He has £30,000 of debt all together, majority of it on credit cards. He has just told me he has not got any PPI protective payment insurance, so I am unsure if he is covered to have this written off.

Is there anyway at all he can get out of this debt? His redundancy money is almost all gone!! His DD's just for his CC's are exceeding £600 a month! The interest is a nightmare.

I really cant afford to support him when he runs out of money as I am only in a £16,000 a year job. Please some help!! Any advice no matter how much you think is not relevant, may helps us in a big way!

P.S. He is married. Split with his wife 2 years ago. They split their debt so she has just as much. But all the debt he has, is in his name. Hope it helps if its relevant!

moonrakerz

I don't wish to sound harsh but why should you think that this debt should be "written off".
Millions of people use their credit cards responsibly and pay off what they owe - why should they be expected to subsidize someone else and pay off their £30,000 of debt as well ?

This may not be what you want to hear - but that's life !

[Deleted User]

pinkgeekette wrote: »

He has £30,000 of debt all together, majority of it on credit cards. He has just told me he has not got any PPI protective payment insurance, so I am unsure if he is covered to have this written off.

Coverered to have this written off? How exactly does he expect this to work again?

pinkgeekette

We really don't think this should be written off. We just need some help and advice on how to manage and not have to live with the depression of this under us. We are a young couple who just want to get on with life and enjoy it, not take advantage of it. He has always been very sensible and never saw this redundancy coming. It has hit us all for six! And we both agree that tax payers should not have to pay off anyone's debts. We are stuck in a situation we do not want to be in. My boyfriend has worked in the same job for 20 years and has never ever once missed a payment for any loan or utility bill. Had it been me he married and not some other daft cow, I would have ensured we had some sort of protection or insurance so we never found ourselves in this situation. I believe it was her that didnt want to have to pay the extras. He would never be so daft as to not have it. Getting into debt like this was not intentional - it was a very big mistake and a herd lesson learned.

Personally, I am trying to stay away from getting into debt myself as I have seen first hand what it has done to family.

We really just want some help and advice please. Even if we can just have half or 25% written off.

pinkgeekette

Some genuine good advice would be nice rather than the blame!

If you had been in the situation he has been in over the last 3 years i think you would understand the need to get away.

snugglepet20

Is he back in the UK now? He needs to get a job, what did he do and earn before the redundancy? He must have had a good job to get 30k on credit cards. He could get some sort of loan to cover the money owed with fixed payments to stop the interest charges eating up his payments then and over time he can pay it off.

chattychappy

pinkgeekette wrote: »

He was made redundant 6 months ago and decided to go off travelling for 8 months.

Suggest he stops travelling now. You sound too good for him - really he has to face this situation. If he seeks debt advice from a debt charity (and he will have to do this) then they might be able to get interest frozen for a while.

There is no hope of getting anything written off until he starts defaulting (and trashes his record). Eventually debts are sold on and sometimes an offer to settle is accepted. You can't really negotiate for this now and can't be certain it will ever happen.

rhcp

It's not about blame, it's about taking responsibility for yourself. If you owe £30k and receive some redundancy money, you should use it to reduce your debts, not use it for an eight month holiday and leave your girlfriend to do all the running around for you.

pinkgeekette

snugglepet20 wrote: »

Is he back in the UK now? He needs to get a job, what did he do and earn before the redundancy? He must have had a good job to get 30k on credit cards. He could get some sort of loan to cover the money owed with fixed payments to stop the interest charges eating up his payments then and over time he can pay it off.

He did have a very good job where he earned in excess of £50,000 - he will be back in the UK very soon and will be looking for a job straight away. We do want to pay back the debts - but we just want to be able to live our lives also. I suppose we wont know our real options until he can investigate this himself - I cant go calling all the CC companies myself. We just know there is no hope of getting a loan while he doesnt have a job. And it is highly unlikely he will have a loan until he has been well settled into a new job. Especially under current climate. Thanks for your input though

iereboy

Please don't worry. A lot of people in your situation face the same problem.

What you need to do is to find out if he has any credit left on the cards and go on a nice long holiday with your boyfriend. You both deserve a holiday, after all spending £30k is tiring. I hear Afghanistan is nice this time of the year. Take some Bibles for light reading and some voddie to keep you merry.

Another option, would be to find a rainbow and hunt like mad for the pot of gold at the end. The trick is to find out which end has the pot of gold. It works all the time. Trust me! Beware though, there may not be a leprechaun guarding the gold, sometimes there is a TROLL!!

Tixy

Get your OH to register on here and head to the Debt-Free Wannabe board and suggest he posts on there for some advice about how best to deal with his debts and what he can do until he finds work (people there will advise on the options that might be available to him if they know more about his financial situation) or get him to seek advice from one of the debt charities - IMPORTANT - Where to seek professional impartial advice about your debts. Probably best not to start by him asking how to write off his debts though.

If you and he have any joint financial accounts (loan, mortgage, overdraft etc) then your rating and ability to get credit will be affected by his.