Running out of time, needing to borrow in time for xmas...

andy.m_2

downgrade on the house, move to a less affluent/less snobby area and hopefully in the process release £15k of capital.
Pay off debts, remove credit from your vocabulary and accept you overdid it homey.

Icanandwillsavemoney

ciscokid wrote: »

thanks for the support

lol, i know what facepalm means.....but i don't like what they are suggesting. i will be very upset if telling me to come into the branch tomorrow was hbos way of inciting some hope into me so they can kick me when im down face to face...i had to borrow money to bury my father a few years back and they could not show an ounce of compassion as to why they wouldnt give me the loan....but they made sure they got their home insurance sales pitch on me before i left (with tears bursting down my face).......

Don't want to rain on your parade but I can tell you here and now that as soon as HBoS run a credit check (if you even get that far) the fact that you are paying bank charges each month and going over your overdrafts, will automatically reject you..... I could be wrong but seriously doubt that I am.

As for their sales pitch, they are a business and they are in the business of making money - I know as they made a fair bit out of me and many more like me! ...

ciscokid

andy.m wrote: »

downgrade on the house, move to a less affluent/less snobby area and hopefully in the process release £15k of capital.
Pay off debts, remove credit from your vocabulary and accept you overdid it homey.

haha....yup i wish it was that simple! selling houses costs money though (the place is a wreck and in need of a lot of repair just now), and our house is negative equity as it is.... Have spent over £35,000 on repayment and interest so far, and own about £1000 of the house....the house is worth £25,000 less than we bought it for. I never wanted to buy a house, but everyone convinced me that renting privately would be "dead money" (dont think they realised thats my middle name) and we can't get a council house again as at the height of our financial struggles we couldn't afford to clear a pest problem which almost infested the whole flat and found ourselves homeless for a while (well, gatecrashing my parents flat, fun days) A bit of good fortune got me out that rut but we lost every penny of that and wasn't able to enjoy the money in the way anyone else would as we had to start our life from scratch essentially....if I wrote a book about my life I think it would be dissed as the more fat fetched "no one is THAT unlucky" piece of tosh ever.....

Icanandwillsavemoney

Oh and on your comment regarding your childhood, I too was one of the poor kids and there will be thousands on here that were too. My DD regularly visits charity shops with me now and she has a nack of routing out trendy dudds at a fraction of the high street cost - must be the way I explained things to her.... Just because we have few pennies doesn't mean my DD goes without... it is about being a bit more savvy with what money you do have. Ebay for pressies, 2nd hand doesn't mean broken... it just might not come in the original box... the toys will still play the same.

Icanandwillsavemoney

ciscokid wrote: »

haha....yup i wish it was that simple! selling houses costs money though (the place is a wreck and in need of a lot of repair just now), and our house is negative equity as it is.... Have spent over £35,000 on repayment and interest so far, and own about £1000 of the house....the house is worth £25,000 less than we bought it for. I never wanted to buy a house, but everyone convinced me that renting privately would be "dead money" (dont think they realised thats my middle name) and we can't get a council house again as at the height of our financial struggles we couldn't afford to clear a pest problem which almost infested the whole flat and found ourselves homeless for a while (well, gatecrashing my parents flat, fun days) A bit of good fortune got me out that rut but we lost every penny of that and wasn't able to enjoy the money in the way anyone else would as we had to start our life from scratch essentially....if I wrote a book about my life I think it would be dissed as the more fat fetched "no one is THAT unlucky" piece of tosh ever.....

Christ have you heard yourself..... stop wallowing in self pity and get a grip!

nearlyrich

Cisco

you have wasted a couple of days and lot's of energy on the wrong board, come over to the DFW board, post up your statement of affairs (SOA), lose the poor me stance and get some support from people who have been where you are and some a lot deeper.
No-one would recommend that you borrow more money from anywhere you need to sort out the debts and get back in control it is possible but you have to want to do it.. Look forward to seeing you feeling better soon.

BAILEYS6904

OMG, are you actually going to take responsibility for any of this mess, or are you going to continue blaming that fact that your bank has done this that and the other??? Youve had the money, youve spent the money, no one hijacked you or your account. Unfortunately, its not pay back time.

So you've got a good job, and in 2007 you're bank balance was amazing. Congratulations. You think you're the only person that has been in that position and then ended up on their a*s??? You're lucky to still have a job. We're in a recession, a lot of us havent even got that luxury.

I got made redundant a month or so ago. If i look back I owned my own property at 22, had a posh car, no money worries etc. Times change. Get over it. If you dont have enough money to pay your bills, you are in financial difficulty and at least you're in the right place to sort it.

I have a 6 year old. Christmas is paid for. The 'Grabbit' board is great for little bargains, glitches etc. I dont think Ive paid full price for any Christmas present thanks to the posters on there. Also glitches or discounts on food etc.

You need to start listening to people on here. You're in the brown stuff, they can get you out. Open a new basic bank account and get your wages paid into there. Then pay the ESSENTIALS, heating for your kids, food, council tax and a roof over your head. Then look at your debts and the high interest ones. Paying each one at a time may be a way forward, ie instead of paying a little off a lot of debts, concentrate on one at a time. You get a default, well it can join the rest of the defaults you probably already have. Its not the end of the world.

You really need to do an SOA (statement of Affairs) and bob onto the Debt free wannabee area. At the very least, it may give you some ideas of how to tackle things to give your family a better standard of living. If you have a household income of £3500, of course you should be able to have a good standard of life, however ONLY YOU have put yourself in the situation you're in, and ONLY YOU can get yourself out.

wotsthat

ciscokid wrote: »

FWIW..I have just spoke with all three of my credit card providers....mbna are useless/clueless, barclaycard didnt want to know, but HBOS have told me to come into the branch tomorrow to try and discuss my idea further... my plan is for them to extend my credit to 15k, hopefully at 16.9% APR, pay it off at 450 per month, and be debt free by October 2014 at the very most. its a win win for them, it ensures the debts are repaid, it also makes them another 7-8k in interest....

Please do come back and tell us what they thought of your plan.Remember to take any chequebooks or debit cards with you as they might want to 'look after' them for you.

I hope in person you don't have the same attitude problem you've displayed on these forums.

Hax

ciscokid wrote: »

Whilst listing my debts that I need help with I state "car insurance" (my car insurance at the time was £300 per month) and i wanted the remainder of my car insurance to be included in the loan I was applying for. My bank tell me "thats a normal expense, we wouldn't help you out with that.

ciscokid wrote: »

So I am not blaming the person who stole a car and crashed into my uninsured car for the amount of money I had to pay the rightful owner of the car and the court, I am blaming the bank for being too short sighted to help me when I needed it.

Why on earth is this the bank's fault? You couldn't afford the insurance on the car - you were living beyond your means back then. You should have bought a cheaper car. Seriously - £3600 for a year's worth of car insurance?!

ciscokid wrote: »

please stop insinuating that my experiences are the same are yours...anyone who makes matters worse witha debt consolidation loan clearly didnt need a consolidation loan...it is mathematically impossible to make things worse when you are reducing monthly costs and overall costs.

The problem is, that it doesn't look like you WOULD be reducing monthly costs as you would just go and blow the "excess" money on something that you WANT. You don't have the self control to manage your finances. You NEED to learn that first.

ciscokid wrote: »

Well this has been the attitude of every debt management program, CAB, bank, "can i just pay £1 please" and every other suggestion mention here....its maybe hard to understand that what works for some people doesn't work for others...but trust me, if any of those methods worked for me, they would have by now, because I seem to waste all my time trying absolutely everything possible, and the lack of progress anywhere leads me to full circle to one solution...reducing the amount I need to pay each month and the overall debt into ONE payment....I have been going in circles for 5 years, I'm sorry I come across as insnae, believe me, I am...I have been in and out of mental institues many times, I can't get through the day without 80mg of prozac, just now I am without prescription and suferent panic attacks every six seconds...I would prefer people didnt reply than reply the same old schtick....

I don't think you actually understand how a Debt Management Plan works.

The idea is that you contact your creditors stating that you can no longer afford to service your debts (which you can't). You then make a token payment of just £1 whilst you draw up your agreement with say the CCCS.

The CCCS will take into account all of your priority outgoings: mortgage, council tax, court costs (if applicable), utilities, food, HP payments, insurance. The amount needed for those payments will be deducted from your income.

The remainder will be split equally amongst your creditors. CCCS will work to get the interest frozen on all of your accounts - this will likely result in all the accounts being defaulted and passed on to debt collectors at which point the negotiations will be successful and you will pay off your debts over time.

Whilst you may not like the idea of your debts being defaulted and passed to collectors, you're heading that way anyway and taking out payday loans has only been delaying the inevitable.

ciscokid wrote: »

This is why I refuse to listen to "computer says no"...there are ways and means around everything...but for everyone who thinks like me there are clearly 1000s who prefer to stay stuck in their old ways "lets just accept things the way they are"....due to this I am usually quite an unpopular person in my work because my approach to work only highlights how full of bs everyone else is, and that is a threat to them. just like here, everyone else had to suffer on beans on toast because they got themself in debt paying for weddings and buying sh*t they never needed...so how dare I think I should be entitled to an easier way out eh? Well....its going to happen one way or another...so watch this space.

You have no idea do you? There are people on here who got into debt due to circumstances beyond their control - such as loss of a job, or a partner being too ill to work.

You on the other hand seem to have propelled yourself on a debt-fuelled trip to oblivion with luxuries such as £3600 car insurance that you couldn't afford. YOU chose to drive uninsured. That is YOUR fault - accept responsibility. The costs related to that accident are YOUR fault because YOU did not have insurance because YOU could not afford it. Get a grip!

ciscokid wrote: »

the difference is my dad was an unemployed alcoholic and my mum worked a part time job, so money was tight/non existant.

Financially, you are in the same position as your parents. You money is VERY tight. You need to realise this!

ciscokid wrote: »

We probably earn 10 times more than my parents ever did, yet my kids are getting the same rough ride I got, and that just doesn't sit right with me.

You are getting the same rough ride because you don't know how to budget and manage your money. You think you are entitled to everything you want and you want it all now and on credit. You need to get passed that and learn to live within your means. Only then will you finally be able to progress with this.

I wish you the best of luck in getting out of the mess you are in. However, I don't think you have yet identified or acknowledged the real root of the problem. That is, you are living beyond your means

sazzybum

I don't often post on this board, but had to this time!

Why are people still trying to help this self pitying, arrogant individual? I have nothing but admiration for everyones patience-I started boiling at page 4.

I just have a feeling that this might be a troll, and he's going to come back after his ''appointment'' saying that HBOS gave him 20 grand, and didn't he tell everyone that he didn't need their advice, then start gloating to everyone about how wonderful he is at outwitting the banks.

If he's not a troll (which I doubt) then I feel sorry for his family having such a !!!!less twit for a father/OH.