Got To Go To Court-mortgage Arrears Please Help!

mrs_boop

i have to go to court next week. mortgage company said best to go as court can lower my monthly figure for arrears.
never ever been to court scared stiff dont know what to do or expect
please help
any tips welcome
thanks:eek:

caz876

bump bump bump

tetley

first thing i would do is go to the citizens advice,doing what the mortgage company want may not be in your best interest

moanymoany

1. Go with your budget made out, neatly, and take a few copies.

2. Make a plan of to how you can pay a reasonable amount. Be prepared to tell them where and how you can cut back and what you have already done. Also, any plans to make extra money e.g. second job - take adverts looking for evening or whatever jobs fit in with your life. Take copies of any letters applying for jobs or a list of the jobs you have applied for.

3. Have written down what you have done to deal with any debts you have. Also future plans to deal with them. Go knowing the charities that can help you and plans of who you are going to ask - or better still have asked - take copies of all letters sent/received.

I remember hearing someone being told that Credit Card companies can't take your house and they should be repaid AFTER you have paid your mortgage.

It is scary, but whoever you see will not be there to chuck you out, they will be looking for ways to keep you there. If you go with the above info you will give them the belief that you are working at your problem and it will make them feel more confident about any help they can give you.

I would also say - tell the truth when they ask you questions. If there is a hard question, admit past mistakes and show how you have had your LBM and are determined to do all you can to get your financial life back on track.

Good luck.

ps take plenty of tissues for if you have a tearful moment!

kate123

I have recently been to court for arrears on my mortgage. Go and see your CAB I didnt but there was a one at the court that day and he was great. I origannly had agreed with the mortgage lender to pay off five hundred pounds a month in arrears and he said that was far to much and got it reduced to three hundred pounds a month. Do a sheet with income and expendature to take with you. The judge was really nice and fair, the soliciter for the bank said that as I already had paid one payment of five hundred pounds I could afford it the judge said that was a ridiculous amount. Remember you are not the only one in this mess, I live in a rural area and the court is in a small market town on the day I went to court there were 18 cases for mortgage arrears. Good luck and you will feel much better once you have been and you know what your plans are.

mrs_boop

thanks for all your help.
didn't really understand bump,bump,bump
what does lbm stand for
what did you mean by what charitys can help you
thanks again

Deep_In_Debt

Hi
bump, bump, bump just means that no-one has responded to your thread and someone is "bumping" it again to the top for you so that people see it in order for them to respond rather than it slipping to another page that may not get noticed.

lbm - light bulb moment - basically when you first realised the seriousness of your debt problems.

Charities - non-profit, free, financial advice and counselling - Consumer Credit Counselling Service (CCCS), National Debtline and the CAB. They all offer free, impartial debt advice.

Hope this helps.

bank_of_slate

Use this link to do a full expenditure list and print it out
https://www.makesenseofcards.com/soacalc

...Linda xx

moanymoany

mrs_boop wrote: »

thanks for all your help.
didn't really understand bump,bump,bump
what does lbm stand for
what did you mean by what charitys can help you
thanks again

Deep in debt has answered. You should contact all the charities that give help, they are all on Martin's site. Make an appointment with the Citizen's advice Bureau - just having an appointment will show them you are trying.

You have to know why you got into trouble. Do you have any other debts, credit cards and loans?

If you post a statement of affairs SOA, you will get mountains of advice as to how you can cut back and re-adjust - all amunition for the hearing.

RAS

http://www.moneysavingexpert.com/loans/debt-help-plan#help

NDL are open until 9pm, but they are busy.

mrs_boop

:beer: thanks to everyone who has taken time to give me advice i am so grateful. it's awful when your in debt and got to try and sort things out. half the time you just wanna bury your head and hope they all go away, the other half keeps thinking your gonna win the lottery next week and it will all be gone.
it's knowing where to go to try and sort it all out.
whats soa
definately want to try to sort all my debts out now, had enough of all the worry, it just gets you down with all the letters and phone calls it's like im harrassed all the time im at home, and thinking about it all the time im at work.
gotta try to sort it out for my own sanity:eek:

thank you all once again:T