Help to settle some debts

fairmorn308

sorry the way i worded it

The reason i said another credit card was due to reading on this forum and alot say keep up with payments etc etc. I have learned my lesson with the amount of debt i have got into. I was alot more in debt than £4k but i managed to sort some of that out but am only asking if there is any way to start and improve my credit rating.

I dont need to get into debt again cause my job pays well and for the last year i have been happy and able to puy things i needed just from my wage.

Any advice would b great on how to start over again. i know i have made alot of damage but i would like to try my best to repair it slowly but surely

YorkshireBoy

fairmorn308 wrote:

calm down...all i asked was best way to improve it once all debt is clear never asked for u to give me the birds and the bees about it m8

When you've had chance to read Xbigman's post again and digest fully what was said, I think you'll realise that hidden away in there was some advice, hard facts, and a warning that you've had a lucky escape this time (so you might even want to post an apology!).

Remember that when you post a question you cannot dictate what answers people will give. These people speak with wisdom. They have been there, seen it, done it, and bought the tee-shirt! You are 22 years of age. Heed the advice given.

YorkshireBoy

YorkshireBoy wrote:

...so you might even want to post an apology.

fairmorn308 - I see you have done - well done!

fairmorn308

I have now setup a savings account and each week will pay into the account for a rainy day etc but still b left with enough to go shopping go out etc etc. I think i have made a step forward regarding my future

fairmorn308

Quick update.

The other day ( friday ) i wrote out 5 letters to my crediters / collection agencys about a full and final settement and there awaiting to be posted 2day ( monday ) but after been reading more stories on this forum over the last few hours i have re-wrote them letters to see if i can cut down the amount i pay back.

keep up the good work guys

I am also looking into a day job part time so can live off that wage and save my full time wage. ( i work night shift )

Will keep you updated once i get replies from the crediters in the next week or so

fairmorn308

Letters are all sent off and just got to wait now.

I have offered about 50% of each bill to crediters so just got await there reply?

does ppl think they will accept it?

fairmorn308

Hi

I am awaiting letters back from the credit angcys regardng my credit rating etc so i can tell u guys and see if anything is sitting pending etc on my account.

Just a quick question. If you have a basic account with a bank and you go overdrawn i.e charges etc and then the debt gets passed over to a debt collection angency, does the bank need to inform you that they will be making a mark againest your name for credit rating or will my credit rating not be affected as didnt need a credit check for opening the account.

My last missed payment and defualt was last year and i know it will stay for 6 yrs BUT am on track getting better a rating slowly. BUT if on my account say for last 6 months i have made payments on time etc etc will crediters look at the present history and see it is good or will they look further back.

fairmorn308

Hi Ross

How quickly from clicking on the links etc does the money gets tranfered into ur bank account?

fairmorn308

BUMP to anyone that missed it

fairmorn308

well I thought i would try keep alot of my debt questions to one thread but it looks like i will have to start making new threads to get a answer

Would be working 75hrs a week be againest the law or is it allowed?

Cause my 1st job is 45hrs and can get a 2nd job which is about 30hrs