Need help choosing a solution. Debt since 18

Muttipops

Joshua,
I am sorry to read of your gambling troubles and well done for sorting it out, it must have been damned hard to do.
I understand you being p'd off that this forum will basically tell you that you ought to repay the debts and most would because they have been down that road and wanted a get out of jail free card, but there isn't one. It is either repay or some form of debt relief order, or, as you say, you could hide for a few more years but that sounds like hell too.
Have you ever contacted or visited Citizens Advice, because it sounds like you have some questions about the practices of the banks you dealt with and need to speak to someone who knows the law about this? They could also help with debt advice.
I do not think you are a bad person at all, but it might be that you want something that is not possible, that is for it all to go away.
I understand that you have got your life back on track and then this load of debt is coming back to bite you on the bum. But a new bank account will also mean a credit check and so that is a no go, if you are intending to try and keep under the radar.
In other words, we get where you are coming from but can't give you the answer you want.

Muttipops

Sorry, cross posted the above with about the last 4 messages, I half wrote it and went to cook some burgers and then pressed send without looking if anything else had been written!

joshuamark

Muttipops wrote: »

Joshua,
I am sorry to read of your gambling troubles and well done for sorting it out, it must have been damned hard to do.
I understand you being p'd off that this forum will basically tell you that you ought to repay the debts and most would because they have been down that road and wanted a get out of jail free card, but there isn't one. It is either repay or some form of debt relief order, or, as you say, you could hide for a few more years but that sounds like hell too.
Have you ever contacted or visited Citizens Advice, because it sounds like you have some questions about the practices of the banks you dealt with and need to speak to someone who knows the law about this? They could also help with debt advice.
I do not think you are a bad person at all, but it might be that you want something that is not possible, that is for it all to go away.
I understand that you have got your life back on track and then this load of debt is coming back to bite you on the bum. But a new bank account will also mean a credit check and so that is a no go, if you are intending to try and keep under the radar.
In other words, we get where you are coming from but can't give you the answer you want.

Hi MultiPops

Thank you for your kind reply

Im not sure what you are referring to regarding a bank credit check being a no-go, could you please expand...

There are 3 companies who offer bank account's for bad credit, on the website it says this:

Credit check needed?
Yes, but only to confirm identity & check whether you're bankrupt

So if i opened one of these bank accounts, the worry i would have is if my current creditors did a new search and saw i had a new bank account with a month salary in ( if they timed it before my bills went out, dont really know how this works ) and then they applied to take me to court or started harassing me again.

However, if i look at this without chronic anxiety ( not easy ) the facts are A) that they have not checked my credit history for 6 months + now, presume they think i am a lost cause - and even if they check my bank, the maximum amount ever going to be in is £1300, and 99% of the time it will be under £500 - in which circumstance i would continue to ignore them and they have no grounds to take me to court, unless they want my socks - so it seems to me, that i could open likely a bank account and live relatively normally, but if i continue without any bank account then i will certainly stay under the radar. just not sure i can carry on living cash only for the next 3 years+

i will contact citizens advice beaurea... i think, i just have an image in my head of waiting in a queue for an hour to speak to a robot-esque person giving me text book replies

Karonher

You don't need to consider Nationwides welfare - just their right - and the other companies right - to have their money back.

It seems you are looking here and elsewhere for people to agree with you and say you are right not to pay it back. Imagine yourself in three years ready to get a mortgage - maybe not alone - and you get a CCJ.

It seems you have £650 a month left after expenses - more if you can cut down on your food bill. You could pay back £350 - £400 a month and be debt free by the time you are 30.

It does look like you don't want to pay back rather than cant pay back.

enthusiasticsaver

I think at 26 you should be taking responsibility for your actions. You can and should repay the debts but don't want to. No one forced you to borrow and I have every sympathy with those struggling to pay back debt on a low salary but can't summon it for someone who wants to avoid it.

If you open a bank account then this will appear on your searches. Whether your creditors decide to pursue you through court with attachment of earnings, ccj etc I don't know. I very much doubt you will be able to get credit in the foreseeable future though.

C.M.

So let's say you managed to have nationwide decide in your favour that you don't have to pay back the loan...that debt is wiped.

What do you plan to do about the other roughly 5k of debt? The debt you didn't get into by commiting fraud?

What yu seem to misunderstand is, if you open a bank account, and your creditors check your credit file they won't "see you have 1300 and decide to try and get it".

They will see you pop up as an active member of society...They can't see what's in your bank account.

They won't try to clean the account out, they will try to contact you - and if they can't get you before the 6 years is up and the debt is statute barred I would say that at least 2 of the debts will result in CCJs.

Then that stays on your record for another 6 years, where they are allowed to continually try to enforce it.

The basics of it is, you have alot more disposable income per month than 100 - it's more like 650. But for some reason you think you are above the law, and basic common decency and that after running up all that debt you should be able to spend you money on whatever you fancy rather than pay it back.

That's fine, so long as you don't plan on moving out of your dad's house at any time in the next 10 years, and so long as you are never hoping to get a mortgage with a partner...or be able to buy a car when your dad cant do the finance for you... or book a holiday online. .or buy anything online without having to get a friend or relative to use their card to do it.

So long as you don't ever want to have to take on the responsibilities of actual adult life, then carry on hiding from your creditors for the next 10yrs.

sourcrates

Hi,

Ok, first off, basic bank accounts require no credit check, anyone can open one, and unless you are HMRC, no one can look at your account and see how much is in it, we have laws in this country, no one seems to have mentioned that fact.

As for your debts, have you concidered a debt relief order ? Google it, see if you qualify.

Muttipops

sourcrates wrote: »

Hi,

Ok, first off, basic bank accounts require no credit check, anyone can open one, and unless you are HMRC, no one can look at your account and see how much is in it, we have laws in this country, no one seems to have mentioned that fact.

As for your debts, have you concidered a debt relief order ? Google it, see if you qualify.

Apologies if I was wrong, but when I opened a new basic bank account at Nationwide last week, which was an online application, the message was that they were carrying out a credit check, so i thought that this is what happens for all bank accounts. Mrs Dippy here should have checked her facts first. Again, my apologies.


Here is a guide to facts about basic bank accounts that might help you...http://www.gocompare.com/current-accounts/basic-bank-accounts/

sourcrates

Muttipops wrote: »

Apologies if I was wrong, but when I opened a new basic bank account at Nationwide last week, which was an online application, the message was that they were carrying out a credit check, so i thought that this is what happens for all bank accounts. Mrs Dippy here should have checked her facts first. Again, my apologies.


Here is a guide to facts about basic bank accounts that might help you...http://www.gocompare.com/current-accounts/basic-bank-accounts/

You are correct in one respect, a particular bank may decide to conduct a credit check to check for Bankrupcy, but that would be listed in the public information section of your file, they would not look at your finances, or if they did, they would not use that information to make a decision.

Basic accounts are mainly for people in debt, or people who don't require access to any borrowing.

As there is no borrowing, there is no risk to the bank, hence no credit check.

Karonher

As for your debts, have you concidered a debt relief order ? Google it, see if you qualify.

OP has £650 a month spare. As the car lease is £150 a month I would think it is worth more than £1000.