Hi guy's, I'd appreciate if some of you knowledgeable folks might be able to give me some advice/suggestions on my bad situation.
Basically I have a few debts and I just can't affort to pay them.
My situation was I started a job in the year 2000 and everything was great, a good wage and all the over-time you wanted. I'd often work 12 hour shifts all week and also do some hours on Sat and Sun too. So I had plenty of spare cash.
Things were going great and firstly I got a credit card, then I got a car loan, then a personl loan for car insurance and holidays ect...
My bills were being paid on time for years until in 2005 I/job were told we were being made redundant.
I was also with my partner at the time and she was collecting a weekly social welfare allowance, we had planned to get married in Sept 2005 and when we did, she lost her weekly allowance too. So as you can imagine we were down a lot of money.
I asked a certain bank if they could lower the €200 monthly payment until I got employment, and was told, "no way, you should have got insurance to cover you". I didnt' so that was that.
I also had a loan out with GE Capital Woodchester, I rang them and told them I HAD insurance with them and the details of my unemployment and they came back and said that the insurance didn't cover redundancy, only sickness. What a joke!
So on my weekly social welfare allowance we (wife & 3 kids) were barely surviving. Then the letters start coming in from all these places, which was very depressing.
I got many different types of letters in the post from soliciters.
Just a few days ago I got a final demand for €10,000 which I can't pay.
Currently I have seperate debts of roughly €10,000/€11,000/€5,000/€5,000.
One of the lenders actually sold one of the debts to a collection agency and they are currently hasseling me with tough talking letters and keep ringing me. I've also got nemerous solicetors letters too.
At this stage I've just started to bin the letters I was getting as I was getting so down worrying how to pay and what the out come of my situation will be.
I just can't affort to pay these as were just getting by as we are now.
I understand I got the loans but when I asked these places to lower the monthy payback to €50 a month I was told no.
Assets wise I have nothing. I don't own a house as we live in a rented council house and I've no property worth any real money.
I havn't paid any of these bills or talked in person with these places in probably over 2-3 years but the letters keep coming and I still feel down most day's thinking of the debts I owe.
I'm not that well up on the law side of things but can any of you law savvy folks tell me what I can expect to happen to me out of all this ?
Cheers Guys
Basically I have a few debts and I just can't affort to pay them.
My situation was I started a job in the year 2000 and everything was great, a good wage and all the over-time you wanted. I'd often work 12 hour shifts all week and also do some hours on Sat and Sun too. So I had plenty of spare cash.
Things were going great and firstly I got a credit card, then I got a car loan, then a personl loan for car insurance and holidays ect...
My bills were being paid on time for years until in 2005 I/job were told we were being made redundant.
I was also with my partner at the time and she was collecting a weekly social welfare allowance, we had planned to get married in Sept 2005 and when we did, she lost her weekly allowance too. So as you can imagine we were down a lot of money.
I asked a certain bank if they could lower the €200 monthly payment until I got employment, and was told, "no way, you should have got insurance to cover you". I didnt' so that was that.
I also had a loan out with GE Capital Woodchester, I rang them and told them I HAD insurance with them and the details of my unemployment and they came back and said that the insurance didn't cover redundancy, only sickness. What a joke!
So on my weekly social welfare allowance we (wife & 3 kids) were barely surviving. Then the letters start coming in from all these places, which was very depressing.
I got many different types of letters in the post from soliciters.
Just a few days ago I got a final demand for €10,000 which I can't pay.
Currently I have seperate debts of roughly €10,000/€11,000/€5,000/€5,000.
One of the lenders actually sold one of the debts to a collection agency and they are currently hasseling me with tough talking letters and keep ringing me. I've also got nemerous solicetors letters too.
At this stage I've just started to bin the letters I was getting as I was getting so down worrying how to pay and what the out come of my situation will be.
I just can't affort to pay these as were just getting by as we are now.
I understand I got the loans but when I asked these places to lower the monthy payback to €50 a month I was told no.
Assets wise I have nothing. I don't own a house as we live in a rented council house and I've no property worth any real money.
I havn't paid any of these bills or talked in person with these places in probably over 2-3 years but the letters keep coming and I still feel down most day's thinking of the debts I owe.
I'm not that well up on the law side of things but can any of you law savvy folks tell me what I can expect to happen to me out of all this ?
Cheers Guys