do the or find out everything you have bought on credit

moneysaver12

when you have you interview, does the or look in to everything you bought on credit

maxmycardagain

you may as well tell em, if you owe too much on it they wont snatch it, if you dont want it BR can write the debt off....

win/win?

Broken_hearted

I doubt most people even know themselves what all the money went on. They are more interested in why you ended up there.

wherediditallgo

The OR won't expect you to remember everything you've bought (on credit or otherwise), but as the OR has the authority to request statements from banks, credit card companies & other creditors, it is possible for them to find out what you bought if they dig hard enough. Smaller purchases aren't likely to be an issue, but if a large purchase was made a few weeks/months before going BR, the OR would see it on a statement & would expect an explanation. A new fridge-freezer at an average high street price to replace a broken one isn't going to raise too many eyebrows, whereas someone taking out a £10k loan a few weeks before going BR would.

If the OR is of the opinion that credit has been obtained by someone who at the time knew or should have known they were unable to repay the debt, a BRU/BRO can be imposed. Depending on the amounts involved & the previous history of the BR (had they been BR before, for instance), that could extend their BR restrictions by anything up to 15 years.

fermi

Unless you have any big unexplained transactions, then in general no. But you do occasionally get an OR who is a bit more fastidious than usual.

They won't expect you to have an encyclopedic knowledge of every trip to Sainsbury's where you paid on your card, but big individual transactions may (or may not) be asked about.

Most OR's are very used to (and very forgiving of) the "sticking your head in the sand" syndrome, so I wouldn't be too concerned about what they may ask.

moneysaver12

thank you everyone for you help

user55

blind-as-a-bat wrote: »

This is one of those rare ocasions i have to agree with BH, I havnt got scooby what most of mine was spent on:rotfl: , I certainly havnt got much to show for it all now thats for sure:o

Lost count of the number of times i said "i dont know" during the OR interview:eek: :rotfl:

God, me too - I felt a right halfwit by the end of it. In fact I was that confused by the time she asked me what my mortgage payments were before I sold my flat (just over 1 year ago!) all I could do was wail "I can't remember!!" For a normally intelligent woman, I was shockingly incapable of answering anything that day!

maxmycardagain

is it right that they can also look for cases of possible fraud?

ill be in spain if anyone wants me.....lol

wherediditallgo

maxmycardagain wrote: »

is it right that they can also look for cases of possible fraud?

ill be in spain if anyone wants me.....lol

Yes. But for them to start that level of investigation, they'd have been alerted in the first instance by things such as by unexplained credits or withdrawals, & suspect disposals of assets in recent months. I don't think ORs automatically assume someone self-petitioning for BR will have been doing something dodgy or is hoping to hide fraudulent activities, but they're not daft or deaf either. Someone I know had his expensive recently-purchased plasma tv taken by the OR as a result of a casual comment he made towards the end of his telephone interview.

Maybe it's just me & a few others, but when I went BR I really didn't (& still don't) see the point of hiding (or hoping to hide) something from the OR - it didn't even enter my head. It wouldn't have mattered whether I'd bought shares in Cadbury's to feed my chocolate addiction or had regularly got 'things' from Ann Summers by mail order, the money had been spent. By the time I went BR, I was past caring what the OR thought of me, I just wanted all the stress to go away. People who only have telephone interviews never get to meet the person handling their case, & even those who have face-to-face interviews only meet one of the admin staff, not the big honcho himself. Even then, you're unlikely to meet them again, & they probably won't remember you, so it's pointless to worry about what they think of you personally. I'd be far more embarrassed about bumping into the person who saw me the day my bra-strap broke & I was fighting a losing battle to keep my chest together until I got home than any chance meeting with my OR's clerk.

Just be honest in your dealings with the OR - you have far more to lose than he does if you're not. You don't need to volunteer your life history, but answer any questions as honestly as you can. If you don't know the answer, say so.

moneysaver12

thank you everyone for your help, i can remember bits and bats what i bought like clothes and books, but not all

maxmycardagain

wherediditallgo, about the ann summers stuff...............lol