Help Credit score Bank account declined

sharon1978

God where do I start i have got myself in such a mess defaulted on numerous accounts years ago , paying back is going to take forever to pay off, I havent told my parents as they are very good with money.

bank account declined due to defaults. Parent works for bank so she now knows

I am so stressed is my own fault but am never going to get a mortgage at this rate or anything.

God why did I get myself into this mess I am so stupid!!!!!!

BeautyandtheBeast_3

Hi and welcome - first things first - dont panic! have you wrote a SOA?

sharon1978

Hiya

No I havent done that I darent

Tixy

Hi Sharon and welcome to MSE

Whilst you have a bad credit rating you would be best to use a basic account - these don't have an overdraft so no credit score is required - here is a list of basic bank accounts - http://www.moneymadeclear.fsa.gov.uk/pdfs/bank_accounts.pdf

Have you got a recently looked at your credit report?

Do you have a plan in place to deal with your debts going forward - are you able to keep on top of your repayments currently/

BeautyandtheBeast_3

well that maybe a good place to start - then if you want to post it on here - people can help you start to save,shave and pay off and possibly quicker than may realise. Big hugs

Tixy

sharon1978 wrote: »

Hiya

No I havent done that I darent

Its a big step but its worth it for you to fully understand your situation and to start taking back control. Go on - you can do it! http://www.makesenseofcards.com/soacalc.html

Get all your paperwork, letters & statements together, a cup of tea and maybe some chocolate or biscuits on hand and work through it.

sharon1978

I will do a SOA and post it on here later on when got all details

sharon1978

Tixy I have an informal DMP but it doesnt seem to be working I need something better in place

sharon1978

How do you even start to sort credit rating out, would I ever get a mortgage????