Debts
Mar 26th, 2007 by complex001
Recently a few credit card companies caught up with me after 6 years because I stupidly opened a bank account as for the first time under this current Labour Government I have found regular employment. I spoke to a friend of mine who is an Independent Financial Advisor (IFA) and told him that I was thinking of making myself bankrupt. He advised me that it should be the last resort as this would set me back another 6 years which means that I would not be able to start cleaning my credit rating until I was in my 40’s.
Together we started to contact the debt collection agencies, one for example who was working on behalf of Halifax Bank of Scotland HBOS Group. I managed to negotiate with them to get one debt down from £16,000 to £3000 and another £2000 debt accepted a £1 a week. I thought that Christmas, Channukah and Ramadan had all come at once and for the first time in a long time I am not looking over my shoulders waiting for bailiffs to catch up with me.
I am not suggesting to go out to Curry’s or John Lewis and rack those Credit Card debts up but if you have had them for a few years and agree to actually try and pay them off, you will be surprised with what you can get away with.