Handing keys back

Snooze

MacMickster wrote: »

I would advise them that they qualify for a nomination for the idiot of the year award for making a positive choice to
1. Increase their debts unnecessarily.
2. Ruin their credit rating at a stroke unnecessarily.
3. Have to deal with numerous letters and phone calls until the whole of the (increasing) debt is eventually repaid.
4. Let their employer know that they have employed someone who is prepared to act in this way.

I quite agree. As I say, there was some misinformation posted in reply which I knew to be wrong, but I wasn't exactly sure of what WOULD actually happen hence my asking here.

Turns out that some local neighbourhood issues are making it a living hell for the OP so I do sympathise with their situation but unfortunately there is no easy way out, especially as they're quite heavily in NE as well.

MacMickster

Snooze wrote: »

I quite agree. As I say, there was some misinformation posted in reply which I knew to be wrong, but I wasn't exactly sure of what WOULD actually happen hence my asking here.

Turns out that some local neighbourhood issues are making it a living hell for the OP so I do sympathise with their situation but unfortunately there is no easy way out, especially as they're quite heavily in NE as well.

Without knowing their financial situation it is difficult to know what to advise.

If the neighbourhood was literally making my life a living hell, then I would personally try to borrow funds (from family or a personal loan)to cover the negative equity, then sell up and rent somewhere else as cheaply as possible until the loan was repaid. Only they would know if this would be financially possible for them.