to be fair, if I was reding this on the forum Id probably agree with you, but I know the guy, and theres a whole lot of stuff going on thats not for me to post on public forums

on a side note.... someones leanding him 30k to pay them all off... then hopefully get more intrest free CCs to pay it back... which will keep him going for another year of intrest free while he pays off as much as he can !

I hate this oh I made a mistake, big deal mentality. You cannot just walk away from your committments in life. He borrowed the money, and should attempt to pay it back. By all means encourage him to claim back excessive bank charges, but he was perfectly aware of the interest he would have to pay when he applied for the credit. The moneysaving board provides many examples of low income families who put a great deal of effort into repaying their debts - stretching every penny they spend, and earning extra money through every means possible. They do not just take the easy way out.

How many apply to you :-

1) still nestling at your mothers teet & live at home
2) at best maybe just finished uni & got your 1st job.
3) never had a relationship where you lost everything in the split
4) never lost your job or been made reduntant because of long term injury
5) made a wrong choice in life

People go bankrupt for lots of reasons.
Come back in 10years when youve lived in the real world & not the cotton wool world your parents keep you wrapped up in.

Unless you was born with a silverspoon in your mouth, then carry-on.

Its not nice realising your 25 or 26 or whatever age & realise that you have nothing. You would prefer the chap goes on until hes 45-50 & still have nothing? or give him the chance to be man enough to admit hes ckucked up & needs a fresh start.

TBH, the lenders are as guilty as the borrowers IMO.
I remember when I had my 1st Job I earned £12k a year. Credit Card people give me a card with £5k limit. I wouldnt have been able to get a mortgage for £45k back then on that wage, so why the f**k are they allowed to gimme a card with that limt?

Its easy to be wreckless with money when young. So many people get caught in the trap

I agree with both of you evilsly anbd egg... but I only have so much influence

the only plus factor is he lied like hell on all his CC aplications the first time round, so his total limit for all cards is something silly like 50k... so hes been using different cards to pay others off and hasnt missed more then the odd payment now and again

(altho thats what got him into this mess in the first place)

he doesent want to declare bankrupcy because itll go in the local paper (does it?)

How many apply to you :-

1) still nestling at your mothers teet & live at home
2) at best maybe just finished uni & got your 1st job.
3) never had a relationship where you lost everything in the split
4) never lost your job or been made reduntant because of long term injury
5) made a wrong choice in life

People go bankrupt for lots of reasons.
Come back in 10years when youve lived in the real world & not the cotton wool world your parents keep you wrapped up in.

Unless you was born with a silverspoon in your mouth, then carry-on.

Its not nice realising your 25 or 26 or whatever age & realise that you have nothing. You would prefer the chap goes on until hes 45-50 & still have nothing? or give him the chance to be man enough to admit hes ckucked up & needs a fresh start.

TBH, the lenders are as guilty as the borrowers IMO.
I remember when I had my 1st Job I earned £12k a year. Credit Card people give me a card with £5k limit. I wouldnt have been able to get a mortgage for £45k back then on that wage, so why the f**k are they allowed to gimme a card with that limt?

Its easy to be wreckless with money when young. So many people get caught in the trap

1) Nope.

2) Worked fulltime throughout sixthform and university, sometimes working multiple jobs when more money was needed.

3) Nope.

4) Been laid off and had my hours cut at several jobs.

"Its easy to be wreckless with money when young"

Basically, its easy to be stupid. You know when you are spending money you dont have. He lied about his wages to get the credit, he surely must have known that if he maxed them, he wouldnt be able to service the debt.

I have been in debt before - I had three defaults on my debts, and maxed credit cards and overdraft when I was unable to work for a couple of months (the debt was living expenses and bills entirely). However, I made sure that I lived frugally as possible for the next 10 months to clear all my debts in full. I always make sure that the money I borrow can be paid back. If I reached a point where it became hard to pay my debt, I would make the changes in my life needed to sort it out.

Look at the forums over at moneysaving expert. 90% of the people got into debt through greed and stupidity. Others were irresponsible, running large amouts of debt without planning for medical or financial emergencies.

Im not saying that the issue is completely black and white. Im just saying that people need to take more responsibility for their actions, rather than burying their head in the sand, and living beyond their means. If you earn minimum wage (which I did for 6 years), you have to live a minimum wage lifestyle.

Its easy to be wreckless with money when young. So many people get caught in the trap

Its also really easy to get caught by them.  Helping a mate shop for a car a few weeks abck and we were in the Honda dealers.  He was test driving a Type-R (he has ordered one since). The dude at the dealer wasnt too keen on him, because hes paying cash for it, but he actually spent the time trying to sell me one.  Now i explained that im not on amazing money, and that I wouldnt be able to get the credit, but he insisted on trying me out so i humoured him.  30 minutes later he said they could produce the credit withotu a problem, and i could have the car within 4 weeks.  That is worrying to the extreme, I _could_ afford the credit, but it would screw up the rest of my finances.