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

stephane_2

Unfortunately the debt will never be written off unless declare bankrupt...best first step for him would be to contact either CCCS or payplan who will be able to give the option to him depending on his current circumstances, no point posting any more here, he needs some professional advise on how best to deal with his current debt. Have a look at the website of organisations mentioned....but one piece of advise that I can give you is that no matter how much you care about him, you should not in any way help him financially, he must take ownership of his own stupid mistakes....and take full responsibilities

_Andy_

pinkgeekette wrote: »

We really don't think this should be written off.

Funny that the thread is titled 'can this be written off' then.

Even if we can just have half or 25% written off.

So 'just' £15k written off then.

Genius.

_Andy_

pinkgeekette wrote: »

We do want to pay back the debts

Really? A minute ago you expected 'just' £15k to be written off.

BugsyBrowne

pinkgeekette wrote: »

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!

Fair play to you coming on here and asking this,but these types of questions do anger a lot of people.
Basically the views are we have to pay back the money we borrow so why should you not.

Bankrupt might be your option by the sound of it.

Any

The whole thing is weird...
Guy ends up marriage and then looses job, finds himself in £30k debt and goes of travelling????? With that amount of debt he can't afford a bus ticket to nearest Tescos, never mind travelling!!!!!

Young couple, but he has been in the same job for 20 years... Is 40 still young? Not saying it is old, not in any stretch of imagination, but young I imagine someone in their twenties.

And PPI would write him off debts? How would that work? he would be able to get them to keep up with repayments until he finds a job, but not write off £30k - especially as not trying to look for a job.

This must be a wind up. Noone is this stupid.

Hax

Sorry, but this sort of attitude (of the OP) makes me very angry. Many years ago, my other half lost her job through poor health (medically retired - still unable to work now) and during that time we (stupidly) turned to our credit cards to buy the day to day living essentials. We soon ended up with well over £30K of debt (including student loans) and we sought help and advice and struggled for ten years to pay back every last penny that we borrowed - and then some!

And now you come on here saying your BF has £30K of CC debt and has received a big enough redundancy payout to go off travelling for six months and then he wants the debt written off! You make my blood boil!

There are people who are in dire situations through no fault of their own and you just want an easy ride - to have you cake and eat it.

Not what you want to hear I know, but you haven't come here with the right attitude (IMHO) - you and your BF still need to have your lightbulb moments and face up to your responsibilities and tackle the debt yourselves, rather than relying on others to bail you out.

danouk

The worrying thing is that there are actually any number of people who are this stupid.

OP, if this is genuine and you have a financial association with this guy (you can find out on your credit report), then you are going to find yourself with a trashed credit report of your own when he defaults on these debts. This is not going to end well for either of you unless he finds a ridiculously well-paid job the minute he gets back.

No matter what he's been through, it is by any reasonable standard hugely irresponsible to build up 30k of debt, get made redundant and go swanning off travelling for 8 months.

If you don't play this right then I sense payday loans, debt collection agencies, county court judgements and possibly even bankruptcy in his (and your) future.

drondo

pinkgeekette wrote: »

We are a young couple

My boyfriend has worked in the same job for 20 years

How do you define 'young couple'? He must be at least 46 years old but probably in his 50s!

peterbaker

With apologies to Hax in particular, whose sentiments I well understand...

danouk wrote:

The worrying thing is that there are actually any number of people who are this stupid.

The worrying thing is that there are so many people ignorant of the real state of the nation as it stands in 2010 (i.e not as it once was). This example is completely tame for our times.

If you aren't aware of how normal this story is, then be prepared to learn a lot in the next 12 months.

DebtWriteOffMaster

Don't panic, you and him are in control and the bank have no power to make you do anything that you dont want to.


There are 3 options that you have to choose from to get it written off-

1. If he rents instead of owns any property and doesn't have a car you can get it statute barred .
This will take 6years to do though, and theres a chance the bank may try taking him to court.

If you want to choose this option he has to just totally ignore all the bank's letters and phonecalls (bin the letters and change his mobile number so the bank cant contact him),
and in 6years the debt will legally be written off.

I did this for roughly £13,000, had loads letters from powerless debt-collection agencies about how they were considering court action, but i just ignored all the letters and eventually they stoppec plus no action was ever taken.

But for 30k they may try taking you to court.
If they do though remember they cannot refuse any reasonable offer of repayment, so if hes unemployed then £1 per week is more than reasonable.


2. Pay off £16,000 of the debt, and get the other £14,000 written off with a Debt Relief Order.
Debt relief Orders cost £90, but write off upto 15k of debt after 12months.

I had 14k of creditcards and loans written off by a DRO, and so if hes unemployed he will automatically qualify for one.

3. Do a bankruptcy. They cost about £600 i think, and means he can never own his own business in his own name.
Will write off all 30k though.




Those are the 3 legal options that there are for having debts written off.
Upto you/him which of them you choose if any. :beer: