Badlittlepup Posted April 15, 2011 Share Posted April 15, 2011 just use your credit card or your overdrawn facilties the debt will be wipe out anyway By the point where people are going bankrupt they won't have any functioning credit accounts remaining believe me. Link to comment Share on other sites More sharing options...
ozzman Posted April 15, 2011 Share Posted April 15, 2011 offer them a pound a month thats what i was told by a adviser once Link to comment Share on other sites More sharing options...
Iuchi_Zien Posted April 15, 2011 Share Posted April 15, 2011 Debt collectors rely on fear and ignorance to get what they want. They will threaten you with solicitors and all kinds of things. Firstly remember they 'bought' that debt for a lot less than the debt actually is, secondly remember it costs them an awful lot of money to go to court and get Bailiffs involved. Just because they sent you a letter threatening you with bailiffs doesn't mean they actually have done the court work required. Work out exactly what your parents incomings and outgoings are. Make sure you leave a reasonable amount for them to live on and phone the debt collectors. Make them an offer whether in the form of £X per month or a lump sum (if you have the money and can afford it (go for under half the actual debt)) Be prepared to haggle and don't take any notice of any threats or demands from them. If they are being belligerent tell them you'll see them in court. Oh and a nasty little trick before you start talking to them inform them that you are recording the phone call - that usually puts them off their stride. Before you even think about bankruptcy GO SEE CITIZENS ADVICE!!!!! Link to comment Share on other sites More sharing options...
Dear Forum... Posted April 18, 2011 Author Share Posted April 18, 2011 Thank you everyone for posting and all the helpful advice. Link to comment Share on other sites More sharing options...
GrannyGranny Posted April 18, 2011 Share Posted April 18, 2011 Just because you have your name on the V5 doesn't mean you are the legal owner of the car. You will need to prove you are the legal owner. Just transferring it to your name will not work espcially if they have access to the V5 and see your father as the previous owner and date of transfer being pretty recent. Selling it to you for a nominal sum will not work either. It will have to be market value. Link to comment Share on other sites More sharing options...
Kthebean Posted April 18, 2011 Share Posted April 18, 2011 So much conflicting and wrong advice on this thread. I would contact CCCS, Citizens Advice, or Shelter have a new service in sheffield now that can help you with debt problems. Link to comment Share on other sites More sharing options...
teenyweeny Posted April 18, 2011 Share Posted April 18, 2011 good advice from the others. also go to a citizens advice centre and see if they can agree with the people owed money to, reduce payments. its a shame he cannot declare himself bankrupt they could apply for a dro if they dont owe more than 15000 in debt it costs about 90 quid. Link to comment Share on other sites More sharing options...
teenyweeny Posted April 18, 2011 Share Posted April 18, 2011 these balliffs have no power whatsoever,unless they are court appointed ones.they will fool you into thinking they can come in your home.some debt collectors pretend to be balliffs to try and scare you.they have no power at all. Link to comment Share on other sites More sharing options...
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