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Geek Culture / 23 and Declared Bankrupt !

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jeffmosesuk
21
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Joined: 7th Jun 2003
Location: United Kingdom
Posted: 25th Jul 2003 02:17
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Don't want to go into detail but thats the way it is

Anyone know anyone else whos been declared bankrupt ?
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Shadow Robert
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Location: Hertfordshire, England
Posted: 25th Jul 2003 02:39
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not yet (but getting there) ... alot of student mate i know also declare bankruptcy though, its an easy way of getting out of paying loads.

not that they realise if gives you a blacklist, which makes loan/credit cards/etc... almost impossible to get.
perhaps you could move to the states and restart your credit rating - unless you had a CCJ to declare yourself bankrupt (thats a bitch to get rid of from what i hear)

just have to sit down and rebuild your credit rating though, not gonna be simple, never gonna have it as good as someone with a clean rating but atleast its good to know your balance is 0 again.

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jeffmosesuk
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Posted: 25th Jul 2003 02:54
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Yeah it's only for 3 years though then the slate is wiped clean in the uk. I would not chose this but had no choice as creditors ordered it
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Andy Igoe
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Posted: 25th Jul 2003 03:19
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There are agencies who can wipe even CCJ's off your credit rating. They only cost a few hundred quid these days.

The whole thing is a mockery without wishing to be unsympathetic to your plight, but credit issues are pretty easy to resolve these days, the system is fundamentally flawed and easily worked.

Pneumatic Dryll
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jeffmosesuk
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Posted: 25th Jul 2003 03:38
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I agree and that's why I'm actually quite happy about the whole situation
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Ian T
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Posted: 25th Jul 2003 03:41
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Funny... I don't think it works like that over here... people are a lot more nosey about your credit history...

--Mouse

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jeffmosesuk
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Posted: 25th Jul 2003 03:49
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ironicaly i also work for Abbey National (a bank!)
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Ian T
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Posted: 25th Jul 2003 04:11
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You have hilarious bank names over there

--Mouse

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Shadow Robert
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Location: Hertfordshire, England
Posted: 25th Jul 2003 04:19
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yeah i'm sure having almost every cities with its own "first national" is obviously better than Abby National or Llyods-TSB
all the banks names here are just so bland and really there ain't no difference much in the service, with staff about as helpful as an oil fire extinguisher.

it's annoying how most people are commision workers for these places, so they really try to push things you'll never need just to bump up what they make.
i mean ever bought a car here, christ thats a nightmare - i don't think i've ever been in a showroom where the price on the stick is what someone has paid ... stupid haggling system.

Quote: " I don't think it works like that over here... people are a lot more nosey about your credit history..."


only for credit rating within the states, they don't give a flying poop what your credit rating is like in another country.


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Ian T
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Posted: 25th Jul 2003 04:46
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'yeah i'm sure having almost every cities with its own "first national" is obviously better than Abby National or Llyods-TSB'

Yeah, in my opinion, it is. I'd rather have a series of simple bland names than a series of weird eccentric ones... it's like browsing the web and having the pages be in black/neon, blue/purple, etc. Horrifying.

As for the last statement-- well obviously, Raven, but most people here don't travel extensively, especially long enough to get into credit trouble elsewhere, so that dosen't have much bearing on what I said...

--Mouse

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8truths
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Posted: 25th Jul 2003 05:08
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In the US, bankruptcy are often followed by credit card offers.

My sister declared bankruptcy several years ago, and you would have thought she won the lottery -- this for a person who could never keep a checkbook balanced!

The major trouble in the US is that corporations have a high capability to write of debts, and therefore will extend credit to nearly anyone -- even people well below the poverty line.

BTW -- did you know that the US savings rated bottomed out a couple years ago at . . . -8%.

NEGATIVE EIGHT.

We can't stop here! This is bat country!
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Ian T
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Posted: 25th Jul 2003 05:27
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'NEGATIVE EIGHT.'

That's for those of you who have a disability reading numbers, by the way.



Yes, that was sarcastic. I find 8truth's anti-american posts quite amusing

--Mouse

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8truths
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Posted: 25th Jul 2003 09:00
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Jinkies, Scooby . . . er . . . Mouse . . . it's a FACT.

If it frowns on America, so what?!

Just because I frown upon Americans' bad habits does not make me anti-American.

My apologies that I don't believe we should all just screw around on our spouses, run up debts, drive SUVs, download porn, eat fried foods, and stare like brain-damaged rabbits at the star-spangled banner -- set to a backdrop of fireworks, while some redneck missing his right arm cries as they play Neil Diamon songs -- while the corporate combine of capitalism comes to harvest us and our money!

A healthy skepticism, especially about one's nation and people, never hurts.

America is a disturbing country for what it has and all the more it cares.

We have rampant functional illiteracy (which, granted, gives us a lot of GOOD websites with funny signs), no political or social awareness, no financial responsibility . . .

And this is all OK, because we're America (or so Mouse says).

America is an addict that doesn't want to admit it has a problem.

America -- and many individual Americans -- is a case study in wasted opportunity.

And nowhere is this more present, and more obvious, than how Americans totally fail to manage money.

We can't stop here! This is bat country!
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Martyn Pittuck
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Posted: 25th Jul 2003 10:57
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hey, HSBC and Halifax are cooler. HCSB is the best bank in the world lol

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bitJericho
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Posted: 25th Jul 2003 11:10
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8truths said:
Quote: "In the US, bankruptcy are often followed by credit card offers.

My sister declared bankruptcy several years ago, and you would have thought she won the lottery -- this for a person who could never keep a checkbook balanced!

The major trouble in the US is that corporations have a high capability to write of debts, and therefore will extend credit to nearly anyone -- even people well below the poverty line.

BTW -- did you know that the US savings rated bottomed out a couple years ago at . . . -8%.

NEGATIVE EIGHT."


AAAAAHAhahaha ya right...that's some funny stuff...
Oh I believe it was at -8 don't get me wrong... But did she ever get a credit card? She probably would have been turned down if she applied.. But if she accepted? You know what they probably figured they'd be able to suck out every penny she had.. And really the most credit she could probably get would be 500.. and if she was stupid enough to max it out...she would be paying interest at 19% a year... and if she only made the minimum payments she'd be paying for a looong time..

As for student loans in America.. Depending on the type it is.. bankruptsy wouldn't necessarily clean that off your chest

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8truths
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Posted: 25th Jul 2003 11:24
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Jerico, everybody in the family basically threatened to kill her if she kept it up! She didn't accept anything! She still doesn't have even a checking account.

But, you'd be surprised who can get a credit card these days. A friend of a friend a while back actually took a credit card out in her kid's name (I grew up around unscrupulous folk) and was accepted.

You might be a redneck if . . .

And then, of course, you get the catalog companies and such, who would extend credit to a homeless person as long as they had a box to get their mail.

I remember that one of the bigger ones, like Eddie Bauer or whatnot, had their stock rise after they terminated all credit services.

Sears is also pretty funny with this stuff.

I've been pretty much a cash and carry type, except when I can get a really good deal (last computer I bought new was zero down, zero interest, 12 payments in a year, $800 with monitor in 1999).

Otherwise, screw it.

If I needed it THAT bad, I'd do the honest thing -- just sell crack at one of the local playgrounds.

Tried selling ecstacy but, if you remember kindergarten, it's a bit weird to watch six year-olds attempt to dance; they're very clumsy, and they're too small to take the dehydration after hours of dancing and staring at lights.

. . . and so ends the story of how I got my computer without incurring additional debts (actually, it ended several para up).

We can't stop here! This is bat country!
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jeffmosesuk
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Posted: 25th Jul 2003 11:29
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Quote: "If I needed it THAT bad, I'd do the honest thing -- just sell crack at one of the local playgrounds.

Tried selling ecstacy but, if you remember kindergarten, it's a bit weird to watch six year-olds attempt to dance; they're very clumsy, and they're too small to take the dehydration after hours of dancing and staring at lights.
"


lol
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Van B
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Location: Sunnyvale
Posted: 25th Jul 2003 11:31
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That sucks mate, sorry to hear that.

It is impossible to restore a credit rating through a third part company, all they'd do is tell you to pay your bills on time or recommend a loan company to consolodate your outgoings. The best bet is to keep a low profile and never let your bills slide or your bank account get in too bad a way.


Van-B

My cats breath smells of cat food.
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indi
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Posted: 25th Jul 2003 11:59
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bummer thing to happen

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Shadow Robert
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Posted: 25th Jul 2003 12:32
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Quote: "HSBC and Halifax are cooler"


sorry mate, i personally think that Natwest is
though i like the rates that HSBC could've offered me, no doubt will get an extra account with them cause they are totally international

will probably change an international account to them soon though, cause the banks here charge ridiculous rates for out-of-country access (some even out-of-state which is just ludicrous) ... also avoid the palava i go through now.

transferring between my accounts costs 7.5% transfer free + another 3% translation from £ to $ - ends up alot of money when transfering a good deal, so just have both setup to paypal who have a nominal $15/transfer

might sound stingy but 10.5% on £1,000 is around $150, which isn't exactly chicken feed to anyone ... well cept maybe millionaires down in the valley (wish i were a millionare lol)

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Martyn Pittuck
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Posted: 25th Jul 2003 13:21
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You seen the cards you get with HSBC and Halifax, they look way better than anyone else. Also you cant go cooled that Howard in the Halifax advert

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TDK
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Posted: 26th Jul 2003 01:19
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Yes, I've been meaning to ask...

Just how exactly does all the water in the bathroom go down the plughole when he pulls the plug out of the washbasin in the Halifiax advert?

It would mean the water has to jump off the floor into the washbasin!

We should demand accuracy in our adverts!

TDK
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Ian T
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Posted: 26th Jul 2003 04:33
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You guys have crazy adds over there too

--Mouse

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