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  • FIRST POST
    • tessiesmummy
    • By tessiesmummy 14th Feb 18, 3:35 PM
    • 75Posts
    • 63Thanks
    tessiesmummy
    scared of opening can of worms
    • #1
    • 14th Feb 18, 3:35 PM
    scared of opening can of worms 14th Feb 18 at 3:35 PM
    right. I'm trying to clean up my credit report to get a mortgage. I owe scottish power 2 defaults but they expire 28th April this year so I'm waiting for them to drop off. the other 2 both expire December this year bit i was thinking of settling them so I can apply for a mortgage sooner.

    I have the £231 to pay the first 1 which is with avarto but I am worried if I call them and discuss the debt which is 5 years 3 months since default then will i be making it worse? also will that trigger the others to chase me? I plan on paying that and the 2nd December one which is £345 with Lowell and settling the whole amount on my Ccj..

    any advice? I don't know what to do for the best?
    forums.moneysavingexpert.com/showthread.php?t=5789716 Debt Free Wannabe
Page 1
    • Gary_Dexter
    • By Gary_Dexter 14th Feb 18, 3:40 PM
    • 549 Posts
    • 322 Thanks
    Gary_Dexter
    • #2
    • 14th Feb 18, 3:40 PM
    • #2
    • 14th Feb 18, 3:40 PM
    Why would discussing it make things worse?
    Have you spoken with them before or recently about it?

    What is the CCJ for? How much and when was it applied against you?
    • tessiesmummy
    • By tessiesmummy 14th Feb 18, 3:45 PM
    • 75 Posts
    • 63 Thanks
    tessiesmummy
    • #3
    • 14th Feb 18, 3:45 PM
    • #3
    • 14th Feb 18, 3:45 PM
    never discussed it so it would just drop off in December in theory? ccj was £1700 catalogue in 2015. been paying £20 a month as agreed at the time but can just pay that off in April.
    forums.moneysavingexpert.com/showthread.php?t=5789716 Debt Free Wannabe
    • Gary_Dexter
    • By Gary_Dexter 14th Feb 18, 3:53 PM
    • 549 Posts
    • 322 Thanks
    Gary_Dexter
    • #4
    • 14th Feb 18, 3:53 PM
    • #4
    • 14th Feb 18, 3:53 PM
    It will drop off yes - it doesn't mean you still can't be chased for it, and there's nothing stopping them applying for a CCJ on it up until the day it's due to drop off. then the 6 year cycle will start again.

    The CCJ you have will still stay on your file until 2021 regardless of paying it off.
    • tessiesmummy
    • By tessiesmummy 14th Feb 18, 4:07 PM
    • 75 Posts
    • 63 Thanks
    tessiesmummy
    • #5
    • 14th Feb 18, 4:07 PM
    • #5
    • 14th Feb 18, 4:07 PM
    yeah i know it'll still be there. just thought it might make it slightly better if I owe less money out. I am aware its shutting the door after the horse has bolted so to speak but it's the best I have!!!

    the 2 that I'm considering paying havent written to me in years. it's just on my report. and if they do start ccj process then ill just pay them. they probably will because that's my luck!!
    forums.moneysavingexpert.com/showthread.php?t=5789716 Debt Free Wannabe
  • National Debtline
    • #6
    • 14th Feb 18, 4:38 PM
    • #6
    • 14th Feb 18, 4:38 PM
    Hi tessiesmummy


    Satisfied defaulted debts and CCJs certainly look better on your credit file than unsatisfied ones. They drop off 6 years after the CCJ/default was made. I'd recommend you speak to a specialist mortgage broker who can advise on your chances of getting a mortgage. They should know which mortgage lenders are likely to accept you, even if your credit file still shows some adverse information.


    Before you make payments have you considered if any of the debts are about to become statute barred? That's when a creditor runs out of time to take court action, and therefore can't recover the debt. It usually applies if there has been 6 years (since court action could have been taken) where you have not paid the debt, acknowledged it in writing and no CCJ has been obtained.


    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • tessiesmummy
    • By tessiesmummy 14th Feb 18, 8:18 PM
    • 75 Posts
    • 63 Thanks
    tessiesmummy
    • #7
    • 14th Feb 18, 8:18 PM
    • #7
    • 14th Feb 18, 8:18 PM
    Thanks for the reply Suzie. I will look further into it. And I will get a mortgage broker. I don't know where to find one though. I contacted one and they didn't have an office and I know of people that have been ripped off before by bogus brokers so I'm a bit nervous.
    forums.moneysavingexpert.com/showthread.php?t=5789716 Debt Free Wannabe
  • National Debtline
    • #8
    • 15th Feb 18, 11:42 AM
    • #8
    • 15th Feb 18, 11:42 AM
    Hi there again


    The Money Advice Service is a good place to start. They offer free and impartial money advice and also have some websites they recommend to use to find a mortgage broker (or mortgage adviser as they refer to them) https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice. Hope that helps.


    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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