Missing payments ... worst that can happen?

utterly_ashamed

Hi - just a quick one from me.

With BR being the most suitable and sensible way forward for me I’ve stopped paying credit cards and my loan to save money for the fees and emergency fund.

I’ll prob have missed 3 months worth of payments by the time I submit my BR application. At this point what is the worst that will happen with the creditors? Angry letters and what not? Or people knocking at my door? 😬

Sorry if this is a daft question!

TheGardener

Nothing trumps BR - just ignore the creditors if you intend to go BR soon.

National_Debtline

Hello


No such thing as a daft question here.


After 3 months of arrears, letters and phone calls/texts/emails (depending on what contact details they have for you) are very likely - whether they sound "angry" in tone is neither here nor there, since they will be written of in bankruptcy regardless, as TheGardener implies above.


Doorstep visits, on the other hand, are unlikely - they are a very inefficient way of chasing debts and anyone paying you such a visit at this stage would have no more legal powers than you or I.


Hope that helps. All the best with your next steps.


Dennis
@natdebtline

utterly_ashamed

Thanks guys - thought that was the case but just thought I’d check! ��

Willing2Learn

Hey, You'll be wanting to change your username soon. I think "HeadHeldHigh" would suit you just fine...