Donate SIGN UP

how can i successfully run away from my bank loan

Avatar Image
isitpukka | 14:09 Mon 14th Feb 2011 | Personal Finance
6 Answers
how do i escape debts
Gravatar

Answers

1 to 6 of 6rss feed

Best Answer

No best answer has yet been selected by isitpukka. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
you can't...get some debt management advice from eg the citizens' advice bureau, grit your teeth and pay them off.
-- answer removed --
You would have a lot of trouble the would be able to trace you from the payments you receive.

isitpukka
income support/incapacity benefit
they will chase you down and you wont be able to get credit for anything (house deposit, car loan, buying electricals or furniture over terms) for at least 7 years

instead of escaping, try talking and coming to an agreement.
Your question made me wonder- what happens to large debts when the debtor goes to prison for maybe 5-10 years. Do the lenders write the debt off?

I'm not suggesting you get yourself put in jail, isitpukka.
My ex-BiL emigrated to SA about 25 years ago but before he left he ran up debts all over the place, bank loans, new furniture every thing but a new car and shipped it all to SA leaving his parents and family to sort it out. He's still out there as far as I know and good riddance to him he was out and out bad bastard

1 to 6 of 6rss feed

Do you know the answer?

how can i successfully run away from my bank loan

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.