"Public Service announcment" Give me a break!

R1stu · Shrek! Joined: 12 Mar 2003 Karma :

Would people please stop judging me on what I am doing with my money!

It is my money and ill do with it what I want. I know I have posted on here about my baliff issues but thats sorted.

1)I now have a 22k year MOD bassed IT Job
2)All of my debts have been consoldated into one IVA meaning I pay one person £240 each month and im debt free in 5yrs.

This means the balifs are off my back, I am incontrol of my finances and I am so much better off each month and £7k better a year.

"This was a public service announcment brought to you by R1Stu"
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Current bike 1991 Honda ST1100 Pan European, 1986 Honda cb350sg (Finished)

tony532 · World Chat Champion Joined: 29 May 2004 Karma :

well done

maybe a good idea to post tips on here about how to consolidate debt as there seems to a be fair few posts about people who are living beyond thier means and are about to go under.
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Irezumi aka Reuben · Carrot Top Joined: 28 Sep 2004 Karma :

Don't make a public service announcement about every nuance of your life then I doubt anyone will bother to put in the effort to write inane sarcastic drivel such as this.
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R1stu · Shrek! Joined: 12 Mar 2003 Karma :

Drew · Banned Joined: 09 Aug 2006 Karma :

how much was your debt just out of curiosity? as i am also in an iva paying 350 a month Shocked

anders · Banned Joined: 17 Sep 2005 Karma :

Best thing is not to care about others and NOT to let others see that it affects you.

Good luck and look after that family of yours Wink

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Call me Mr. Blobby Smile

R1stu · Shrek! Joined: 12 Mar 2003 Karma :

Drew · Banned Joined: 09 Aug 2006 Karma :

damn, im being ripped off then Laughing

as i was more than 10k less than that.

Only got 2 years of mine to go at least Smile

Mr.Everready · World Chat Champion Joined: 28 Mar 2003 Karma :

veeeffarr · Super Spammer Joined: 22 Jul 2004 Karma :

Retro-Man · Traffic Copper Joined: 21 Aug 2004 Karma :

that works because any decent IVA company will be able to use current legislation to have up to 75% of your debt wiped out, normally only applies to debts over 10k though
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Drew · Banned Joined: 09 Aug 2006 Karma :

All part of them accepting X amount in every pound.

Its they do that, or you go bankrupt and they get nothing

If your owed 5k, and you have a choice of getting nothing or 1.5k, which would you choose Wink

R1stu · Shrek! Joined: 12 Mar 2003 Karma :

Villers · World Chat Champion Joined: 13 Sep 2004 Karma :

Sooooo...

I could go out and get £46 grand on finance and only pay back 15k? God am I a sucker, I must have accumulated 18-20k of debt that Ive payed off in my short life when really I could have cried foul and got off on a loophole??

Bloody hell
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Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

An IVA is a nuclear threat , in that in debt a person can struggle on or go bankrupt ,

If a person is smart before (and visits a tax expert like my boss) declaring bankruptcy the loan companies get jack,
government is so pissed off at students doing this student loans CANNOT be escaped via bankruptcy.

Private finance is different hence it is better for a creditor to get back something rather than nothing , hence IVAs can
be considered to be bankruptcy lite.

Previously you can't pay a loan? , they sell it to somebody else for 60-80% of the outstanding amount, they can't
collect it? , they sell it again , until it comes to a bloke who will come round and break your legs every day and charge
you for that.

The price? , its like insurance loans % go up slightly to compensate for those who go onto IVAs/Bankruptcy
exactly like insurance and the uninsured. I see them being very common , if 0.25% interest rise can put the
shits into 1 million mortgage payers....

But still you bugger up an IVA T&C you get thrown into bankruptcy the full version.
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zaknafien · Joined: 25 Mar 2002 Karma :

Just do what I do, don't tell anyone. Smile

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02 Firestorm.

Mr.Everready · World Chat Champion Joined: 28 Mar 2003 Karma :

So now that your going to be on £20k a year are you going to pay off your full debt ?
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Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

R1stu · Shrek! Joined: 12 Mar 2003 Karma :

dodsi · Dirty Carny Joined: 06 Aug 2004 Karma :

Do yourself a favour and edit that, people are just going to try and rip you to shreads. Thumbs Up

Its none of their business what you have had to do. The fact is your sorting it. Thumbs Up

Al · World Chat Champion Joined: 26 Feb 2006 Karma :

Good news that you've got your debts under control now.

But be careful taking on new debts.
Things can easily go wrong again ie. split with the misses,lose your job ect.

So taking on more debt so soon to get your R1 and car possibly wasn't the most sensible thing to do.

R1stu · Shrek! Joined: 12 Mar 2003 Karma :

owdamer · World Chat Champion Joined: 06 Oct 2004 Karma :

Drew · Banned Joined: 09 Aug 2006 Karma :