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Hello, and welcome to my diary
Like most of you here I have found myself in the dark hole of debt, trying desperately to claw my way out. I like to kid myself that I was coping with it all, but when you are using credit card cheques to make the payments on your other cards you kind of know that you are in the s**t.
So what do the banks do ? raise your credit limit, just to get you deeper in the brown stuff,
I finally decided that living on benefits, through chronic illness and disability, and having a debt of £34K could not continue so started to look into sorting it out.
I did loads of reading on the web and found the MSE site, reading the Debt Free Wannabee's section gave me some hope and I started a self administered DMP, as I wanted to pay back my debt. Did the banks help at all,
Two of the cards stopped charging interest, but good old LloydsTSB only reduced it so that of my payment over 95% was going on interest, thanks, NOT. My LloydsTSB overdraft went over the limit for the first time and then the charges started to be added. I tried and tried to reason with them, calls to India, visits in branch, would they listen, NO.
After a year of really struggling, my health getting worse, now the banks wanted more and interest was now being added again. They had my SOA, I could not pay anymore, I had no assets to sell and now I owed more than before.....ENOUGH !
Bankruptcy looked like the only way out.
I started to read all the bankruptcy threads on MSE and then found the Unenforceability threads, maybe, just maybe.....
I spent days reading every post in every thread, trying to get my head around it all, and decided there and then that the banks would get no more from me. I got out all the old statements, and I mean ALL, from day one, and worked out how much I had spent, and how much I had repaid. No surprise that I had paid back more than I had spent, so now I felt 'OK' if they never got another penny from me.
The first post on MSE was the hardest thing to do, but once the process started, well, read about it below.
Like most of you here I have found myself in the dark hole of debt, trying desperately to claw my way out. I like to kid myself that I was coping with it all, but when you are using credit card cheques to make the payments on your other cards you kind of know that you are in the s**t.
So what do the banks do ? raise your credit limit, just to get you deeper in the brown stuff,
I finally decided that living on benefits, through chronic illness and disability, and having a debt of £34K could not continue so started to look into sorting it out.
I did loads of reading on the web and found the MSE site, reading the Debt Free Wannabee's section gave me some hope and I started a self administered DMP, as I wanted to pay back my debt. Did the banks help at all,
Two of the cards stopped charging interest, but good old LloydsTSB only reduced it so that of my payment over 95% was going on interest, thanks, NOT. My LloydsTSB overdraft went over the limit for the first time and then the charges started to be added. I tried and tried to reason with them, calls to India, visits in branch, would they listen, NO.
After a year of really struggling, my health getting worse, now the banks wanted more and interest was now being added again. They had my SOA, I could not pay anymore, I had no assets to sell and now I owed more than before.....ENOUGH !
Bankruptcy looked like the only way out.
I started to read all the bankruptcy threads on MSE and then found the Unenforceability threads, maybe, just maybe.....
I spent days reading every post in every thread, trying to get my head around it all, and decided there and then that the banks would get no more from me. I got out all the old statements, and I mean ALL, from day one, and worked out how much I had spent, and how much I had repaid. No surprise that I had paid back more than I had spent, so now I felt 'OK' if they never got another penny from me.
The first post on MSE was the hardest thing to do, but once the process started, well, read about it below.
NatWest/RBS Mint - (Un)Helpful banking 
filed 
, ignored
, ignored
nah 
2
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