Will,You,Prosecuted,For,Debt,F finance, share, loan Will You Be Prosecuted For Debt Fraud?
Date:2020-12-25 Will,You,Prosecuted,For,Debt,F finance
Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
Debt collection agencies will often threaten people that owe money with prosecution for fraud. Unfortunately it is just one of the tactics that they use to frighten people into paying money that they can't afford.
Debt Fraud Prosecution - How Likely Is It?
In the UK, prosecution for debt fraud is only likely in the most extreme of cases (e.g. applying under someone else's name or saying that you earned 100,000pa when you actually earned 5,000). Even some quite extreme cases don't come to court. Therefore if a debt collection agency is threatening you with a fraud prosecution they are almost certainly lying.
One other possible route for prosecution in the UK is the bankruptcy process, if you decide to go down this route. The insolvency service will investigate the circumstances leading up to your bankruptcy to see if you were guilty of reckless behavior. It is possible (although extremely unlikely) that they will decide that your conduct before bankruptcy deserves prosecution. This is even less likely now that gambling has been removed as a specific reason for prosecution.
Ignore the threats and concentrate on working towards a solution to your debt problem. Just remember that a debt collector will say almost anything to get you to pay them some money. They have no more knowledge than you of whether or not you could be prosecuted for fraud and the creditor that they represent will certainly not consider it worthwhile to try and get you prosecuted - all they are interested in is your money.
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Debt Fraud
Will,You,Prosecuted,For,Debt,F
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