D4D

Come near me with that umbrella again and I"ll shove it up your arse

Archive for the category “Finances”

Debtor’s Tales

This week I read the story on the BBC of a woman whose father committed suicide because of his debts. It’s an interesting piece – but, having been through that process, there’s something just Not Quite Right about it too.

I know lots of people – particularly middle-aged men – hide their heads in the sand when it comes to debts and so on, in the seeming hope that it’ll all just go away. (Spoiler Alert – It never does)

In this case, the man ended up being declared bankrupt by the local council, as he couldn’t keep up payments having missed one. (And the council behaved shockingly badly, even for local authorities – I know that if I’ve ever had a problem, I’ve got in touch and it’s all been easily sorted. But of course, you have to get in touch)

According to the story, once he missed a payment, the council billed him for the whole year at once. (Again, I’ve received that letter, but then got in touch and got it sorted down to a new monthly amount that accounted for the missed payment to be spread over the remaining payments)  He couldn’t afford the full year, so just didn’t pay anything – and kept on not paying anything.  (There is also a quite stunning degree of stupidity going on here, but I do semi-understand the mindset)

Where I get really twitchy about the story, though, is after he’s declared bankrupt.  Supposedly, the court-appointed trustees for the debt – and this is where he and I differ, in that he was declared bankrupt by someone else, where I declared myself – super-loaded the entire thing with extra charges, which is something that simply didn’t happen with my own Payments Agreement.  From the article…

Straight away he was charged £3,800 in something called “statutory interest”, which took his debt to about £15,500. But that was just the start. Over the next three years my dad actually paid £15,000 to the trustees appointed to collect the debt – the accounting and consultancy firm, BDO – but over the same period the bill from the trustees grew to £72,000.

(c) BBC https://www.bbc.co.uk/news/stories-45581526

Whatever was happening, that was iniquitous – but I don’t know what it was about.  When I got my agreement, it was the amount remaining from my income after all the bills and expenses had gone.  I paid that amount for three years, and that was it. No further charges, no ‘statutory interest’, nothing. The only other thing I had had to pay was the court fees, which came to £700-odd, from memory. That was it. 

Yes, I paid any extra income for three years – but that figure was set at the start of the process, and only changed if my situation did. The entire process was clean, fair, and the best thing I ever did.  Obviously I’d have preferred to not be in the situation where I needed to go through that process, but there we go – hindsight is a wonderful thing on that score.

So yes, it’s a terrible story of what happened to this man. But there’s also a lot that’s not being said, or that (in my humble opinion) needs further exploration.

But as always, the biggest thing to say about it all is that the help is there – so long as you make the effort to find it, to keep in touch, to talk to the right people.  If you just hide away then it’ll all keep on coming back, bigger, nastier and more brutal than before.  There’s no escaping this sort of shit, it just gets worse if you hide from it.

Turbo Near-Miss

While driving down to London yesterday (of which more in another post) my car started to make an odd noise. Primarily a whining noise when under acceleration, and generally not all that well.

I called my usual garage, told them what was happening, and got told “Oh, first time we can look at it will be September 3rd”.  (The usual “fob off the customer” approach that they’ve excelled at so many times)  So instead I contacted the other dealership in the area – part of the same group, but run as a separate entity – and the person there made noises of “Oooh, that’s not good”, and asked if I could bring it in the next day (today)

I did so, and as I’d suspected, the turbo is on its way out.  Bollocks.

So the car’s booked in for the work – not cheap, but less than getting a replacement vehicle – and I’ve got a replacement vehicle while they do it.

So far, the new dealership looks really promising – the service department have been great so far, and the deal I’ve got from them has been positive.  It may be that they turn out to be shite – but if not, I’ve got other options.

It’s surprising to see the difference between the two dealerships – the previous/main one (as I’ve mentioned before) consists of a patronising bunch of fuckknuckles. They seem so complacent about everything, and their idea of customer service appears to be to make the customer feel like a fuckwit.

What they’ve never understood – and the new place appears to – is that the service department is just as much of a sales tool as the actual cars in the showroom.  If I’m being treated like crap by the service department with the current vehicle, what on earth would make me buy another car of the same make, and lock myself into further years of being treated like crap?

That’s what the new one seems to understand – that this is the way to keep people coming back. It’s what the Saab garage I used with the previous car understood – and so did the Ford one before that.

We’ll see what happens now, and how things go after the repair. I’m hoping that this time won’t have the same knock-on after-effects that it did when the same thing happened on the Saab.  (Although this time it’ll also help that the turbo was just on the way out, rather than having gone pop when travelling at speed, as the Saab one did!)

Nearly Done

Today marks the six-year anniversary of when I declared myself bankrupt.

The next twelve months is the final stage of it all – Bankruptcy is a strange edge-case when it comes to credit-score reporting, because it actually has a duration.

If it had been a simple marker, it would expire today and all would be well.

But because it lasts a year, it doesn’t come off the record until six years after the bankruptcy period *ends*. So, another year of it being on the record.

It’s an oddity, and one that seems to confuse a lot of people when it comes to asking about when these things expire.

Still, only another 12 months to go. Could be worse.

Illumination

On Friday morning, while it was still dark, I started the car to go to the client office – and one of the headlight bulbs blew.

Bollocks.

I’m not a fan of driving with one bulb out, but in this case it was going to have to happen, so off I went, a bit more carefully than usual, as a bigger swathe of the road than usual was in darkness.

On the way home though, I dropped in to one of the local(ish) Halfords, and got a new bulb sorted and fitted. Yeah, in theory I could fit it myself – but seeing the struggle the lad had with getting to it (the space was extremely tight/narrow) I’d have had issues, so it makes sense to get them to do it. (Also, when he opened the packaging for the first bulb and dropped the bulb through the engine block, he just went to get a replacement – that wouldn’t have happened if it’d been me doing it!)

From start to finish, it took less than half an hour – even with the difficulties the lad had. And all for less than £20.

I really don’t get why so many people seem to have problems with getting bulbs replaced. Some people I see in the village have had the same bulb out for weeks, if not months. I understand that sometimes you just get used to the problem existing, rather than fixing it – but at the same time, working headlights are a pretty basic requirement, I’d have said.

And besides, if it’s only £20 all-in to fix it, really, I don’t get the point of not bothering. but maybe I’m missing something. Wouldn’t be the first time, after all.

Expensive

For a number of reasons, the last month has been idiotically expensive.  Some of it has been voluntary, some of it has been necessary. All of it has added up.

In the last month or so, it’s included…

  • Four new tyres for the car (Necessary, as all four were getting close to their wear limits)
  • MOT for the car (Necessary!) – thankfully, it only needed two new bulbs, so the MOT itself wasn’t all that expensive
  • Car Insurance – (Necessary, but also Voluntary – I paid the entire lot at once, rather than monthly, which saved about £60)
  • Tickets to see a band called The The in London next year (Entirely voluntary, of course)
  • Tickets to see Macbeth at the RSC in Stratford-on-Avon next year (Also entirely voluntary)
  • Tickets to see Titus Andronicus at the Barbican in London early next year (Voluntary)
  • New walking boots (Necessary, considering the damage I sustained from the broken old ones)

And that doesn’t include all the usual stuff.

So yeah, fairly expensive. It’s all still within my budgets and limits, and the majority will be paid off this month – but all the same, it’ll be nice if I can have a quieter October and November, with less outgoings!

Five Years A Bankrupt

It’s five years today since I declared myself bankrupt. As of today, I’m in the final year of it being on my record – and who knows what’ll happen from there.

It’s been a tough process, and it’s not one I’d recommend to anyone else – if nothing else, I’m pretty sure that most people going through it would also end up losing a lot more than I did – but for me, it’s worked out for the best.

I’m sure I’ll have more thoughts along the way, and will end up writing another post for a year’s time, when it’s finally all done and dusted.

Something New – Quick Update

Last week, I wrote about starting off with getting a new card from Monzo, and how things had gone so far.  At the time, I was waiting for the card to arrive, so I could connect it to the account and so on.

The card actually arrived on Saturday, rather than the expected/predicted Friday, but I can live with that.  Even out of usual business hours etc., it was a simple case of opening the phone app, doing the linking process, and it was immediately sorted with the top-up I’d put on it.

I’ve used it for some payments over the last few days, and so far I’m really impressed. It’s all been painless, and the updates and notifications come through to the app so fast you can’t really believe it’s been that quick.

As I said last time, I’ll write more about the entire thing in a month or so – but right now, yeah, I’m actually impressed with Monzo. Let’s hope things stay that way.

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