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Psssst. Did you know if you abandon an unsecured loan or credit card, you can't go to jail for it - all they can do is kill your credit rating for 7 years and ask collectors to try and get it via letters and phone calls.

 

Pass it on.

 

When I hear about people like £30,000+ in debt and will never be able pay it back, I'd just abandon it. Fuck a credit report. Life is too short.

 

yeah right, thats the way to do it, "kill" your credit record for 7 years which is more like 10 when you have built it back up - who can afford to do that?

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Psssst. Did you know if you abandon an unsecured loan or credit card, you can't go to jail for it - all they can do is kill your credit rating for 7 years and ask collectors to try and get it via letters and phone calls.

 

Pass it on.

 

When I hear about people like £30,000+ in debt and will never be able pay it back, I'd just abandon it. Fuck a credit report. Life is too short.

 

Lets just hope you dont own a property. End up with a charging order

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  • 8 years later...

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