Halifax always used to send me credit card cheques.
Even when I was using credit to pay credit, I never resorted to those. They just used to hit the shredder.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I used to look upon credit card cheques as a god's sent. I thought if i wrote a cheque out to myself for x amount then at least I would be able to meet the minimum payments on all my cards for a few months. All they did was get me deeper and deeper into debt - but I always kept thinking something would turn for the better but it never did. On the subject of MBNA they have been the best for me to deal with so far - I offered a full and final settlement to them and they agreed to 20%. I would have loved to have given them this but no other creditor agreed so I can't show preference by paying them.
Hi
Yes I did that to for exactly the same reasons. I kept thinking that something would come along to make things better. Now I realise how stupid I was but hindsight is a wonderful thing.
Mine were shredded, but it was probably because I was up to my limit anyway with my cards so wouldn't have been able to use them anyway.
I think we all bury our heads in the sand at some point.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yes I agree Jan, but at least we have faced up to things now and changed our life styles. I am so much more careful with money these days just wish I have done it sooner!
We used to go out on a Saturday and would never come back without having bought something - all on plastic.#
We only go out to the shops on a Saturday now if we need anything and we have the cash to buy it!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
To be honest I've always been pretty tight with money....even so I now find myself thinking " do I really need it?" and more often than not walking out of a shop empty handed.
My MBNA story is similar to everyone else's. I start with a £1500 limit and ended with £8700, but am in debt to £7000 with them. You think to your self, YES I can pay this back buit as they add more limit you spend more and so on. They are not the only ones. MARBLES also did it to me.
Luckily in my IVA proposal MBNA will have a vote but hopefully it won't affect the outcome as I owe more to Halifax, BOS & Northern Rock. MBNA have said they would prefer me to pay it off under their 10 year scheme but having sent them an I&E they realise an IVA will be better.
I am now strting to respect my money and even my wife is too.
Martyn
To err is human. To teach 16-21 year olds is just damn crazy!!!
IVA Started October 2009.
33 months down - 27 to go
