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Debt consolidation companies...

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octane
Trackday Trickster



Joined: 24 Aug 2004
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PostPosted: 15:30 - 02 Mar 2006    Post subject: Debt consolidation companies... Reply with quote
Anyone used one of these firms?

Experiences?

Thanks.
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veeeffarr
Super Spammer



Joined: 22 Jul 2004
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PostPosted: 15:56 - 02 Mar 2006    Post subject: Reply with quote
Hi,

Can you not get a loan to pay all the debts off instead of a specialised one?

Avoid IVA like the plague, it's not the happy bunny meadow solution that they make it seem.
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octane
Trackday Trickster



Joined: 24 Aug 2004
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PostPosted: 19:42 - 02 Mar 2006    Post subject: Reply with quote
Errrrm, no.

Credit rating is shite.

I knew the service was crap, just wondered how crap.
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veeeffarr
Super Spammer



Joined: 22 Jul 2004
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PostPosted: 19:53 - 02 Mar 2006    Post subject: Reply with quote
Very, they're scum suckers, you'll pay a fortune back.

It all depends on how bad the debt it.

Try and slash costs everywhere, got any sellable assets? Find a cheaper house? Anything you can think of that you're overspending on, stop, and work out an action plan.
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octane
Trackday Trickster



Joined: 24 Aug 2004
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PostPosted: 21:10 - 02 Mar 2006    Post subject: Reply with quote
Hmmm...

But! It's my 'friend' that's thinking of it, and my 'friend' should be moving out of the country by the end of the year with no plans to come back.
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Kara
Crazy Courier



Joined: 23 Jul 2005
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PostPosted: 17:45 - 03 Mar 2006    Post subject: Reply with quote
I'm assuming you could be deported for fraud back here. . . . And never is a very long time to be sure. Debt consilidators secure thier loans against your house, if you don't repay they will get thier money back.
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octane
Trackday Trickster



Joined: 24 Aug 2004
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PostPosted: 19:12 - 03 Mar 2006    Post subject: Reply with quote
Kara wrote:
I'm assuming you could be deported for fraud back here. . . . And never is a very long time to be sure. Debt consilidators secure thier loans against your house, if you don't repay they will get thier money back.

No you can't, it's a civil matter.
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it really is that quick
Crazy Courier



Joined: 28 Oct 2005
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PostPosted: 21:35 - 03 Mar 2006    Post subject: Reply with quote
this opotion is for the really brave who dont need credit for a while and only works on unsecured debts/ loans

you've been warned!


simply dont pay! the originally lender will chase for a few months, then they sell the debt to a debt recovery firm. the debt recovery work on margins they buy £10k debt for £5k, then chase you for the money anything they get over £6k is a bonus.

they will offer repayment schedules and offer reduced final settlement figures for a quick pay off.

just remeber your credit rating will be absoluted fu(ked.

rob
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syl
World Chat Champion



Joined: 05 Dec 2005
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PostPosted: 23:47 - 03 Mar 2006    Post subject: Re: Debt consolidation companies... Reply with quote
octane wrote:
Anyone used one of these firms?

Experiences?

Thanks.


Here's what the Citizens Advice Bureau has to say about them. There may be other advice you might find helpful there too.
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Old Thread Alert!

There is a gap of 14 years, 292 days between these two posts...
jimr7564 This post is not being displayed because the poster is banned. Unhide this post / all posts.

1198
World Chat Champion



Joined: 24 Jan 2013
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PostPosted: 09:09 - 17 Dec 2020    Post subject: Reply with quote
jimr7564 wrote:
Although debt consolidation isn't a great idea all the times so it is wise to seek help from companies who are willing to provide debt settlements such as Stepchange which is a very well known charitable organization over the last few decades.


Phew, thank you very much for signing up to a motorcycle forum and offering such valuable advice as your one contribution. I’ve been wondering what to do about this issue for the last 14 1/2 years since this thread was created.
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Polarbear
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Joined: 24 Feb 2007
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PostPosted: 10:24 - 17 Dec 2020    Post subject: Reply with quote
1198 wrote:
jimr7564 wrote:
Although debt consolidation isn't a great idea all the times so it is wise to seek help from companies who are willing to provide debt settlements such as Stepchange which is a very well known charitable organization over the last few decades.


Phew, thank you very much for signing up to a motorcycle forum and offering such valuable advice as your one contribution. I’ve been wondering what to do about this issue for the last 14 1/2 years since this thread was created.


There you go. BCF always delivers in the end. Wink
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iooi
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Joined: 14 Jan 2007
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PostPosted: 13:34 - 17 Dec 2020    Post subject: Reply with quote
14 years, 292 days

Must be a record....

Spammers have to dig deep here... Laughing
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ThunderGuts
World Chat Champion



Joined: 13 Nov 2018
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PostPosted: 14:53 - 17 Dec 2020    Post subject: Reply with quote
The more interesting question, is octane still in the country, either because he never left, he returned voluntarily or has been dragged back in again? Question
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Evil Hans
World Chat Champion



Joined: 08 Nov 2015
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PostPosted: 16:09 - 17 Dec 2020    Post subject: Reply with quote
Stepchange raped my dead hamster.
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thx1138
World Chat Champion



Joined: 06 Oct 2005
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PostPosted: 19:33 - 17 Dec 2020    Post subject: Reply with quote
iooi wrote:
14 years, 292 days

Must be a record....

Spammers have to dig deep here... Laughing


also, if OP kept his head down the debt would be statued barred by now
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Old Thread Alert!

The last post was made 5 years, 3 days ago. Instead of replying here, would creating a new thread be more useful?
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