I am thinking of doing a runner.
Feb 11th 2009 | 12:01 pm
#46
BE Enthusiast
Joined: Sep 2003
Posts: 577
From: Poland
Re: I am thinking of doing a runner.
Hello,
New to the forum. You're going to think I am crazy but I feel like doing a runner back to the UK.
I have been in Canada for ten years, have a mortgage, some debt, my parents and brother live down the road but I am thinking 'bugger it' and disapearing basically.
It would take me years to pay down my debt and I am thirty years old so not getting any younger.
What do you reckon then?
New to the forum. You're going to think I am crazy but I feel like doing a runner back to the UK.
I have been in Canada for ten years, have a mortgage, some debt, my parents and brother live down the road but I am thinking 'bugger it' and disapearing basically.
It would take me years to pay down my debt and I am thirty years old so not getting any younger.
What do you reckon then?
Youu can sure give out some tips on how to make an entry into a forum an get noticed!
Feb 11th 2009 | 1:16 pm
#49
Thread Starter
Just Joined
Joined: Feb 2009
Posts: 22
Re: I am thinking of doing a runner.
You know that.
Last edited by AIT; Feb 11th 2009 at 1:24 pm.
Feb 13th 2009 | 7:53 am
#50
BE Forum Addict
Joined: Mar 2003
Posts: 1,296
From: Florida
Re: I am thinking of doing a runner.
I don't know how the Canadian system works but deal directly with the credit card companies- try them first. Tell em you're having difficulty paying, and ask them to reduce interest rates, close account or whatever. If you're paying high interest- first thing you need to do is lower it- if CCs won't then try and balance transfer into a lower rate. See a nationally credited (non profit) credit counselor to help you - check em out thoroughly first though. There's plenty of information on the net how to restructure debt to pay it down. My son got into a a lot of debt after he had a big accident and I helped him get himself out of it. PLEASE stay away from debt settlement and all the other bottom feeders out there who promise to get you out of debt quickly.
Once you've restructed the debt and seriously have a handle on the situation- take control of it. Get a second job- deliver pizzas, throw papers, wash dishes anything and throw the money at the debt- sell anything you don't NEED and throw it at the debt. Can you borrow from parents to pay some of it off and pay them back interest free.
Somebody mentioned Dave Ramsey- good idea. He's famous for his program on how to become debt free. But it all starts and ends with you - get yourself on a strict budget, take control of the situation ...and stop using those infernal cards.
Good luck, mate.
Feb 13th 2009 | 8:23 pm
#51
Ping-ponger
Joined: Jul 2002
Posts: 12,090
From: Yam Yam land
Re: I am thinking of doing a runner.
Do a runner from debt settlement!!! Look mate this MAY be a bona fide company- but odds are it isn't- take great care here. Most of these debt settlement companies are scams- they'll take your money and run. Anything they claim they can negotiate for you- YOU can do for yourself. There is no quick way out of debt. So stop looking for it.
I don't know how the Canadian system works but deal directly with the credit card companies- try them first. Tell em you're having difficulty paying, and ask them to reduce interest rates, close account or whatever. If you're paying high interest- first thing you need to do is lower it- if CCs won't then try and balance transfer into a lower rate. See a nationally credited (non profit) credit counselor to help you - check em out thoroughly first though. There's plenty of information on the net how to restructure debt to pay it down. My son got into a a lot of debt after he had a big accident and I helped him get himself out of it. PLEASE stay away from debt settlement and all the other bottom feeders out there who promise to get you out of debt quickly.
Once you've restructed the debt and seriously have a handle on the situation- take control of it. Get a second job- deliver pizzas, throw papers, wash dishes anything and throw the money at the debt- sell anything you don't NEED and throw it at the debt. Can you borrow from parents to pay some of it off and pay them back interest free.
Somebody mentioned Dave Ramsey- good idea. He's famous for his program on how to become debt free. But it all starts and ends with you - get yourself on a strict budget, take control of the situation ...and stop using those infernal cards.
Good luck, mate.
I don't know how the Canadian system works but deal directly with the credit card companies- try them first. Tell em you're having difficulty paying, and ask them to reduce interest rates, close account or whatever. If you're paying high interest- first thing you need to do is lower it- if CCs won't then try and balance transfer into a lower rate. See a nationally credited (non profit) credit counselor to help you - check em out thoroughly first though. There's plenty of information on the net how to restructure debt to pay it down. My son got into a a lot of debt after he had a big accident and I helped him get himself out of it. PLEASE stay away from debt settlement and all the other bottom feeders out there who promise to get you out of debt quickly.
Once you've restructed the debt and seriously have a handle on the situation- take control of it. Get a second job- deliver pizzas, throw papers, wash dishes anything and throw the money at the debt- sell anything you don't NEED and throw it at the debt. Can you borrow from parents to pay some of it off and pay them back interest free.
Somebody mentioned Dave Ramsey- good idea. He's famous for his program on how to become debt free. But it all starts and ends with you - get yourself on a strict budget, take control of the situation ...and stop using those infernal cards.
Good luck, mate.
I recommend Dave Ramsey's book Financial Peace. Sure, he coats a lot of it with Christian principles (he is from the buckle of the Bible Belt, after all), but if you're not into that, you can still take away his sound, simple advice. My favorite goes something like this: DON'T SPEND MORE THAN YOU EARN!!!
I've bought that book for several people who have got themselves into financial trouble.
Feb 16th 2009 | 12:54 am
#52
A Cockney Floridian
Joined: Jan 2005
Posts: 164
From: Originally-Leyton E10,London, then Harlow new town, Essex, and eventually ended up in Orlando area
Re: I am thinking of doing a runner.
Do it !!
:-)
You have been ripped off for years by credit card companies, Loan companies etc
all getting rich off of your back
my old grandad used to say-do it to them before they do it to you(and they WILL do it to you.)
we are moving back to the UK
and if this house worth, goes below what we owe on a mortgage We are going even sooner- pack all our stuff-ship it and walk away....
:-)
You have been ripped off for years by credit card companies, Loan companies etc
all getting rich off of your back
my old grandad used to say-do it to them before they do it to you(and they WILL do it to you.)
we are moving back to the UK
and if this house worth, goes below what we owe on a mortgage We are going even sooner- pack all our stuff-ship it and walk away....
Feb 16th 2009 | 1:28 am
#53
Ping-ponger
Joined: Jul 2002
Posts: 12,090
From: Yam Yam land
Re: I am thinking of doing a runner.
Do it !!
:-)
You have been ripped off for years by credit card companies, Loan companies etc
all getting rich off of your back
my old grandad used to say-do it to them before they do it to you(and they WILL do it to you.)
we are moving back to the UK
and if this house worth, goes below what we owe on a mortgage We are going even sooner- pack all our stuff-ship it and walk away....
:-)
You have been ripped off for years by credit card companies, Loan companies etc
all getting rich off of your back
my old grandad used to say-do it to them before they do it to you(and they WILL do it to you.)
we are moving back to the UK
and if this house worth, goes below what we owe on a mortgage We are going even sooner- pack all our stuff-ship it and walk away....
Feb 16th 2009 | 6:27 am
#54
BE Forum Addict
Joined: Mar 2003
Posts: 1,296
From: Florida
Re: I am thinking of doing a runner.
If you do end up walking away from your mortgage- do it properly e.g. short sale, deed in lieu, get a lawyer to negotiate foreclosure, even file bankruptcy - something. Don't just do a moonlight flit- the world is very small today and they WILL catch up with you.
