Can he ask for it all back? - Update

rugbymum

Summer1969 wrote: »

Phew. Well let him do his worst, I'm ready.

I just wanted to say, I've been following your thread and I just wanted to say Good Luck for Thursday, I will be thinking of you.

Summer1969

rugbymum wrote: »

I just wanted to say, I've been following your thread and I just wanted to say Good Luck for Thursday, I will be thinking of you.

Thank you RM, appreciated.

Summer1969

Well guys, my F2F is tomorrow and I am all prepared. Am bringing in the letter offering me my job, so he can see the salary, am bringing in an up to date valuation of the flat, just to show him we are in £118k negative equity and also bringing in my SoA. I feel ok.

Just a question, what is the difference?

When you get AD, mine will be beginning of July, that still means you can't get any credit for 5/6 years and can't go for certain jobs?

If I get a BRU, which I think I will....say its 5 years for arguments sake, that means I can't get any credit for 5 years and can't go for certain jobs.

So what is the difference, it looks the same to me.

Summer1969

Does anybody know? I want to get my head around it before tomorrow.

dalip

Summer1969 wrote: »

Well guys, my F2F is tomorrow and I am all prepared. Am bringing in the letter offering me my job, so he can see the salary, am bringing in an up to date valuation of the flat, just to show him we are in £118k negative equity and also bringing in my SoA. I feel ok.

Just a question, what is the difference?

When you get AD, mine will be beginning of July, that still means you can't get any credit for 5/6 years yes you canand can't go for certain jobs?yes you can. This only applies if you are an UNDISCHARGED BC

If I get a BRU, which I think I will....say its 5 years for arguments sake, that means I can't get any credit for 5 yearsyes you can,but anything over £500 you have to tell them about your bc and can't go for certain jobsnot sure.

So what is the difference, it looks the same to me.

Whilst you are bc you can only apply for below £500 without disclosing you are undischarged,anything over that YOU HAVE TO TELL THEM,even if they don't ask. When you are discharged that rule does not apply. If you get a bru then the rules still applies for however long the bru is for. Thats just one of the differences. Not sure about the rest.Dx

Ps i dont explain myself very well so may have confused you more.lol

empty_wallet_2

Summer1969 wrote: »

Does anybody know? I want to get my head around it before tomorrow.

I looked at it the same as you, that due to my credit rating being shot for 6 years that it didn't really matter, if there are any credit/loan companies that would be willing to deal with me while defaults/partial settlements etc are recorded on my credit report then i doubt that that company would be bothered when you tell them you have a bru.

Also in the current financial state the country is in i doubt that any financial institution would be wanting to lend us money without a perfect unblemished credit report, if they were i doubt it would be at a favourable interest rate anyway.

Good luck tomorrow

Summer1969

Thanks guys. I won't be wanting credit ever again so doesn't really matter just wanted to know the difference.

I will report back after the dreaded F2F. :rolleyes::D

Summer1969

Ok, my bravado is wearing off a bit, I'm nervous now.

dalip

Good luck sweetheart. Thinking of you. Let us know asap how you got on.Dxxxxxx

tigerfeet2006

All the best today. We will all be thinking of you. Remembe rjust answer the questions asked, don't elaborate and don't waffle.