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Posted: Mon Nov 10, 2008 10:42 pm
by ticket38
i'm getting an income support, and living in rent house. but in the application from credit card i wrote that i'm working and home owner. i owe more than 20000 to credit cards companies. can i have a debt settlement?
Posted: Mon Nov 10, 2008 10:46 pm
by MelanieGiles
Hi ticket and welcome to the forum
An IVA is not really an option for you if you are living on benefits only, but if repaying your creditors is important then you could look at a Debt Management Plan. I would also seriously consider bankrutpcy proceedings as well, given that you have no assets which would be at risk and discharged within one year without having to make any ongoing payments to creditors.
Posted: Mon Nov 10, 2008 11:08 pm
by freelili
Oh, now I am wondering. If you say that youre working and a home owner in order to get credit cards and youre neither, would that kind of count against you in BR?
Posted: Mon Nov 10, 2008 11:16 pm
by MelanieGiles
It probably won't even get looked at Lily.
Posted: Mon Nov 10, 2008 11:21 pm
by freelili
Thank you for that.
I was going BR and I spoke to someone who said they check for this that and the other, even though I knew I hadnt given any false information I was quite scared. I held a position as a locum which I didnt declare, although I wasnt asked about this. They knew my salary etc.