debt advise

[brass neck]

I posted here some time ago regarding debt and what to do. Well, I have decided to go down the IVA route and I have looked into it long and hard. I just need a little bit of advice from someone in the know.

My debt is made up of a large personal loan, 2 x £1000 overdrafts. 2 x large credit card balances. All the debt is in my name appart from the two overdrafts which are in a joint account. The bank that debt is with is with HSBC and I have enough credit on the HSBC card to potentially pay off the overdraft so Mrs Neck wont get dragged in with the ruined credit rating. My question is....Would i get away with moving 2k onto the card. How do I go about doing it, is it a case of drawing cash out on it? Can they ask questions about such things when they look into my case. The other card is all but maxed out, I asked for a credit increase but they declined it so it seems the noose is tightening. The debt is just over 30k all in all. Thanks in advance. BN

 

[tueartsboots]

I'd have a look on Moneysavingexpert.com or go see CAB

 

[kinkysleftfoot]

Your other half will have impaired credit by association with you
Do you own your home? If not have you though of going bankrupt?

 

[brass neck]

Yes I do own my home. I am in negative equity or just the other side which I'd why I've decided to do it now, I've got 4 years left of paying back around 600 a month. So if they can half that monthly cost or more, potentialy I should.find life a lot easier. I've been told that association thing doesn't apply these days anyway.

 

[BlueSniffer]

Mbna do a 25mth interest free credit card on money transfers. Are you a home owner?

 

[brass neck]

My mbna is maxed out. Is I've said, I do have room for msnuver with the HSBC card but cab they have me for moving our overdraft into my credit card just before I go for a iva.

 

[johnny on the spot]

If you've not already seen CAB, make an appointment as soon as you can. They're top.

Also try Step Change <a class="postlink" href="http://www.stepchange.org/" onclick="window.open(this.href);return false;">http://www.stepchange.org/</a> who are also great for debt advice and action (and they're free).

 

[Jack74]

How far have u gone have u sent back your proposal ?<br /><br />-- Mon Apr 29, 2013 6:44 pm --<br /><br />

If you've not already seen CAB, make an appointment as soon as you can. They're top.

Also try Step Change <a class="postlink" href="http://www.stepchange.org/" onclick="window.open(this.href);return false;">http://www.stepchange.org/</a> who are also great for debt advice and action (and they're free).

How do u think CAB and Step Change r funded ?

 

[johnny on the spot]

My best advice is to stay calm and go through a debt counsellor (like CAB or Step Change). Creditors are often more likely to take you seriously if they know you've got professional representation.

Remember, you're not breaking the law by being in debt. Sounds dead simple, but it helped me relax.

 

[Jack74]

My best advice is to stay calm and go through a debt counsellor (like CAB or Step Change). Creditors are often more likely to take you seriously if they know you've got professional representation.

Remember, you're not breaking the law by being in debt. Sounds dead simple, but it helped me relax.

Mate they are not professional but granted they do a good job