Share your Debt Story

Debt Story #53

Posted by: galactic on 24th Jan 2012 | 1 Comments | Post Comment

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Debt Story #52

Posted by: Holland on 12th Jan 2012 | 0 Comments | Post Comment

I have been so bewildeerd in the past but now it all makes sense!

Debt Story #51

Posted by: Essy on 12th Jan 2012 | 0 Comments | Post Comment

Surrpisinlgy well-written and informative for a free online article.

Debt Story #50

Posted by: Lina on 12th Jan 2012 | 0 Comments | Post Comment

Always a good job right here. Keep rolling on thrugoh.

Debt Story #49

Posted by: Kiona on 10th Jan 2012 | 0 Comments | Post Comment

Thanks for being on point and on trgeat!

Debt Story #48

Posted by: Melissa on 9th Jan 2012 | 0 Comments | Post Comment

God help me, I put aside a whole atfenroon to figure this out.

Debt Story #47

Posted by: Kailey on 9th Jan 2012 | 0 Comments | Post Comment

So that's the case? Quite a reelvation that is.

Debt Story #46

Posted by: sarah on 27th Jul 2011 | 1 Comments | Post Comment

my husband is self employed as a taxi driver and had recently been assessed by the inland revenue and found to owe £16,000 (along with around £20,000 other debts) :-( we also have just lost 2 big contracts. We still have 1 small contract which will last another 4 years and guarantee us a smaller income. I work 23 hours a week on a part-time wage. He is considering BCY as an option as all the debts are in his name..would he still be able to trade as a taxi driver/sole trader?

Debt Story #45

Posted by: Steffie on 24th Jun 2011 | 0 Comments | Post Comment

Thanks for sharing. Always good to find a real exrept.

Debt Story #44

Posted by: Carli on 24th Jun 2011 | 0 Comments | Post Comment

I searechd a bunch of sites and this was the best.

Debt Story #43

Posted by: Sharky on 24th Jun 2011 | 0 Comments | Post Comment

Many many qaultiy points there.

Debt Story #42

Posted by: Terrah on 24th Jun 2011 | 0 Comments | Post Comment

Fell out of bed feeling down. This has brihegnted my day!

Debt Story #41

Posted by: Anonymous on 13th May 2011 | 1 Comments | Post Comment

Can someone please shed some light on this? My eldest son doesn't live with us but keeps running up debts with people like quick quid and wanadoo etc, he is still using this address with no wanting to pay these debts back to the borrowers, as you can imagine causing huge problems between my husband and I.

Debt Story #40

Posted by: Anonymous on 22nd Apr 2011 | 1 Comments | Post Comment

I'm on the other side, and would welcome advice or comments. I trusted a local auctioneer with some items (many of the family which I was selling after my mother's death) so that the money could be divided between three of us. There was a very mysterious robbery a few days after the auction - some of my unsold items were stolen, and the auctioneer in question said he was unable to repay his creditors. He promised publicly to do so eventually. This was in October 2010. Each time he has told me he was going to pay me my money (about £450) he has then reneged. Eventually he told me everyone would get their by the end of March. Since then he has stalled - last excuse was because he he was waiting for a new cheque book! Latest email was that cheques would definitely be sent out this Saturday. I won't hold my breath. Do I have any chance of going down the CCJ route? I'm afraid that if I do so I stand even less of a chance of getting my money as it might be deemed too low an amount to bother about. I know it's not a lot of money to most people, but it is to me, plus it involved the sale of sentimental items and I have had to pay my brother and sister out of my own money (I'm on a low pension). I wouldn't feel so bad if his blog wasn't full of arrogant boasting about how well he is doing, how much he is drinking, how good life is to him. I agree with no 37 - much of what I read on here doesn't reflect responsible behaviour, but I don't see how I was responsible for this, as I checked his very elegant website, he's well-known in Norwich, etc, etc. I would welcome comments/advice.

Debt Story #39

Posted by: Anonymous on 22nd Apr 2011 | 0 Comments | Post Comment

I'm on the other side, and would welcome advice or comments. I trusted a local auctioneer with some items (many of the family which I was selling after my mother's death) so that the money could be divided between three of us. There was a very mysterious robbery a few days after the auction - some of my unsold items were stolen, and the auctioneer in question said he was unable to repay his creditors. He promised publicly to do so eventually. This was in October 2010. Each time he has told me he was going to pay me my money (about £450) he has then reneged. Eventually he told me everyone would get their by the end of March. Since then he has stalled - last excuse was because he he was waiting for a new cheque book! Latest email was that cheques would definitely be sent out this Saturday. I won't hold my breath. Do I have any chance of going down the CCJ route? I'm afraid that if I do so I stand even less of a chance of getting my money as it might be deemed too low an amount to bother about. I know it's not a lot of money to most people, but it is to me, plus it involved the sale of sentimental items and I have had to pay my brother and sister out of my own money (I'm on a low pension). I wouldn't feel so bad if his blog wasn't full of arrogant boasting about how well he is doing, how much he is drinking, how good life is to him. I agree with no 37 - much of what I read on here doesn't reflect responsible behaviour, but I don't see how I was responsible for this, as I checked his very elegant website, he's well-known in Norwich, etc, etc. I would welcome comments/advice.

Debt Story #38

Posted by: Anonymous on 21st Mar 2011 | 0 Comments | Post Comment

I feel in debt to my parents. Lived off them for a long time now. They raised and fed me. Cant wait until the day I get a job and pay them well. Then leave them for good. So fustrating. When the problem is fine, they just find a way to stir it back up into the air so I'm mad again.

Debt Story #37

Posted by: Anonymous on 17th Feb 2011 | 0 Comments | Post Comment

I dont actually have a debt story, but what I see on here is lots of excuses and no personal responsibility. I`m not gloating but it seems to me blame is thrown around at other people too much.

Debt Story #36

Posted by: tom bremner on 28th Sep 2010 | 0 Comments | Post Comment

since i have been young i have been awfull with money, i used to enjoy the luxuries such as the newest trainers and games consoles, i also became a member of a gaming group via pc and made monthly payments to a gaming website, however i never had the money to afford all of this, so i used to borrow money of friends and family ect... however after a while i couldnt py them back and people started wanting there money and became more and more persistant, when i turned eighteen i thought i could solve all my porblems by getting a credit card and using this to pay off the money i owed to everybody however i then had no money to pay for the credit cards so i getting new credit cards to pay off old credit card debts and the debt spiralled out of control, i didnt no what to do and sutpidly turned to the bottle and after a string of incidents thqat shouldnt of happened but did because of alchol i lost my job, i am now out of work and have huge credit card debts, what can i do?

Debt Story #35

Posted by: Tom on 28th Sep 2010 | 0 Comments | Post Comment

when i turned eighteen i thought, oh yes brilliant, i can get a credit card, within months i had loads of debts on credit cardss and i didnt know how to start paying one of without taking out another credit card, it all turned into a vicious circle ending in my mum having to bail me out and stop me getting into more and more trouble at one point i was so worreid i couldnt eat or sleep and my work suffered because pff

Debt Story #34

Posted by: Paul on 24th May 2010 | 0 Comments | Post Comment

i have always been quite good with money since leaving the army. Im not a frivolous person i went self employed in 2004, in 2005 i found an accountant who was recommended by a friend, he kept all my business records for nearly a year and did none of my tax or setting up a wage system, i set up a limited company in 2005 and began trading, 6 month later all my accounts turned up soaking wet on my doorstep after getting the institute of chartered accountants involved, i had given up getting the accounts back as i had been informed the guy was dead, this was not the case. i found another accountant, i have lost count of how many tax returns i have signed and every year i get late payment fines i have 3 returns from 05/06 06/07 and 07/08 totalling a repayment of £21000. these were redone and submitted personally by me and they got lost for 9 months. on the back of these i have continued trading and run up personal debt of £7000. i also owe £6800 to the vat man, on top of which they are adding daily interest and charges. i trade as a limited company but i pay cis contributions at source, now my accountant tells me those returns are not valid and hes had to redo them again and there is a high possibility i wont see a penny, im 3 months behind with my van payments, cant pay my liability insurance, i have no money to go to work, let alone pay my mortgage. im now facing both professional and personal ruin. what can i do about it, nothing, the inland revenue is above the law.