Raising Br fee question

LoftusSi

Hi, I'm currently working through the forms for Br, I'm almost done so my mind has now turned to raising the fee! A family member has told me that a friend of her's took money out on a credit card to pay for their Br, then obviously the credit card debt was included in this particular Br. So, is this common practice? and is it not frowned upon by the OR? Many thanks.

Maizy

We planned BR and moving very carefully in order to save for the all the fees, I was advised (on here) not to take out any more credit for fees as I knew I was insolvent. There are other forms of help I believe (charities) that can help in raising the fees if you are not in a position to get the money together, someone may post you a link as Im not sure where to get that help.

Depends on your reasons for having to use credit I suppose and there may be folk on here that took the final few hundred from a card if they were struggling to save the fees rather than using credit just for the sake of it. Someone else may have an alternative experience for you.

alastairq

This has occurred in the past...and has been reported on here...

Also has been done using up bank over-draught facilities.

Whilst it is to be frowned upon, it appears some OR's simply turned a blind eye to it....

I certainly had/have no moral issues with the idea.....since it really doesn't matter, if food needs to be put on the table, then the same thing may well be done?

In the end, it all boils down to the fact that....despite intentions [we all have intentions....good job they don't hang people for intentions?}...BR doesn't actually occur until the stamp is on the paperwork.

In other words, BR isn't 'booked in advance'!

A person may change their mind, even up to the very last moment!

Circumstances can change, right at the very last moment too.

And as has been pointed out on here before, the finance industry doesn't really 'lose out' through BR...offsetting bad debts against tax, for example?

debtinfo

The OR does not turn a blind eye, it is simply the case that with limited resources they have to choose which cases to take forward for a BRO or prosecution and the amount of credit illegally obtained is usually small enough by itself to put you on the bottom of that list. But make no mistake it is unlawful and it opens you up for those sanctions if the OR has the resources especially if it can be combined with other wrongdoing