We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
loan or bankrupt
rushy37
Posts: 10 Forumite
I need help i want a loan but cant get one because i have such a bad credit history, shall i go bankrupt 
. Please help i am in such a bad situation
. Please help i am in such a bad situation 0
Comments
-
Can you tell us a bit more about your circumstances?
How much do you owe?
Do you have any assets that would be a risk in bankruptcy?
Are you working?0 -
You should never take out credit if you do not feel that you would be able to pay it back, and ime taking out a loan to consolidate debt is not a good idea either. Loans that clear credit cards and overdrafts tend to leave clear credit cards and overdrafts that all too easily become full again.
The best thing you can do is get an appointment at your local CAB and see someone face to face. They can advise you what is best for your particular circumstances.
Or phone one of these organisations below. CCCS have an online tool to have you decide what is best too.
Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111
National Debtline - Website: National Debtline Telephone: 0808 808 4000
Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)"Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0 -
i in debt of about £7000, i am working full time.0
-
Do go to the CAB, they will advise you."Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them." Dalai Lama0
-
I have been, the issue is my wife is registered disabled and cant get any beneifits because i earn to much so they say,and i only one working, i earn just over a grand a mth and my bills are about £850 Help0
-
Why dont you fill out a statement of affairs & post it over in the Debt Free Wannabe board?
Try & chill a bit, you sound very frantic & desperate. Make yourself a nice cuppa tea and fill in the statement of affairs and be honest. You may not even need to go bankrupt you just need to look a bit more carefully at your spending.
I will go and get the link for the SOA for you to complete.
JCG
xx:smileyheaMarried on 20/07/2012! :smileyhea
:DBought my new car 11/08/12:D:cool: Save £12k In 2013 Num 009! £5502/£5000 :cool:
Save £12k in 2014 Num 22! £2131/£3000
Emergency Fund £00 -
:smileyheaMarried on 20/07/2012! :smileyhea
:DBought my new car 11/08/12:D:cool: Save £12k In 2013 Num 009! £5502/£5000 :cool:
Save £12k in 2014 Num 22! £2131/£3000
Emergency Fund £00 -
I wish i could go spending0
-
DLA is not a means tested benefit so is there a reason she hasnt claimed it?
JCG
xx:smileyheaMarried on 20/07/2012! :smileyhea
:DBought my new car 11/08/12:D:cool: Save £12k In 2013 Num 009! £5502/£5000 :cool:
Save £12k in 2014 Num 22! £2131/£3000
Emergency Fund £00 -
I think this could be a troll.:smileyheaMarried on 20/07/2012! :smileyhea
:DBought my new car 11/08/12:D:cool: Save £12k In 2013 Num 009! £5502/£5000 :cool:
Save £12k in 2014 Num 22! £2131/£3000
Emergency Fund £00
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards