In my situation, I am like a walking dead. At the moment, I am still earning but nothing spare for extras. It all goes to the creditors plus the huge interests and surcharges. It is not really fair for the consumers and the debtors.
I fall into bad credit adn it means a condition, where the borrower past credit history affected by CCJs, IVAs, defaults, late payment, bankruptcy etc.
I don't know on how to survive. I received horrendous persistent annoying calls, demanding payment letters and threats from the creditors.
I did try a lot of remedies how to cope up the problems but it seems that the chance is very elusive.
I applied so many banks, building societies for bail out but all of them had declined my application due to bad credit ratings.
This means that everytime I applied for credits and loans, it will be automatically declined. This is really unfair.
I also received loads of offers from companies telling me that they can give me loan even with CCJs, court orders and bad credit ratings. I tried to contact one of them but I was shocked upon knowing with the huge interest rates.
If anyone of you who is reading my blog, please do leave a message or do help me to get out from this trap.