HeavyHeart, EmptyPurse

jesster_2

THis is very true... but sometimes it takes people a while or a shock to realise debt prevention is essential... that's why they're here!

Anyhoo, nuff said, agree on some things, disagree on others, back to the task in hand... (I hope!)

Stupidspender_2

I am sorry if I sound like a ex smoker having a go at a smoker;-)
I had big debts and I have almost re-paid all of them.
It took a 100% complete change in mindset, behaviour and outlook on life.
It needed me to understand that we are just consumers and we are all hoodwinked into spending needlessly to enable us to both complete the transfer of wealth to the few and also to trap us in debt.
The most important thing I did was wipe away the illusion that anyone else apart from me was responsible for the debt.

BobProperty

Stupidspender wrote:

...Existing mortgage borrowers (pre October 1995)receive nothing for the first two months, 50% for the next four months and then full benefit for mortgages of up to £100,000....

If anyone is still following this, and I think the HB and mortgage is not applicable anyway but, the mortgages were all taken out after 1995 from my interpretation of the OP.

Stupidspender_2

I get the impression that the house was originally Petes parents and they then for IHT reasons either sold or transferred the property into Petes name.
This would explain why the parents became exasperated when asked to pay towards the cost of the mortgage that was secured on it.
It would simply defy any logic or reason for Petes parents not to contribute if this was not the case.

Also for clarifications of previous posts HH did not say she spent 20k on legal fee’s she said
“and if we got an unsympathic judge, not only would we lose our case, but we'd be faced with up to £20,000 court costs.”

nearlyrich

Please can you all remember the ethos of this board is a place of support for anyone in debt, I understand that it is an emotive subject and everyone is entitled to an opinion but this is not the place for a discussion of the kind this thread is turning into.

The OP has not been around for a while and the thread has really gone off topic, please can you try to get it back on topic and if you want to discuss the rights and wrongs of debt please start a thread on discussion time.

System

oops wrong thread

halloweenqueen_2

I think Pete paid the full market value for the property from his parents.

halloweenqueen_2

I don't begin to understand the legal arguments. I know from having a property that although i own it, the occupants (relatives) are to live there with interference from me! Although they do pay rent. I cannot sell or raise money against it. Yes I paid for it with no help from them either, just wanted every thing legal and in both our interests should anything happen to me.
HH came on here for support and I for one am happy to try and help.
I agree with the fact we do live in somewhat of a nanny state, but nowhere did she suggest going bankrupt and not dealing with her debts. I think the depression she is obviously suffering from has caused her to see things in a different light to what she would otherwise with regards to the inlaws, but equally she must see how devasted Pete is by his parents attitude and that must hurt deeply to see her husband cut off from his family. It is very easy with relations for a small matter to get blown up and sometimes theres no going back once a situation has arisen.
No one is forced to take a credit card or debt on and well done to all those who can live without them or manage their finances.
On a happier note we have people like Ms_london who really turned her life around and comes on here to help, maybe one day HH will be giving the benefit of her experiences to other people.
However one thing for HH she may not have money to burn but she sounds like she is in a strong and loving relationship. I hope they can sort it out.

In_Search_Of_Me

wow halloween queen, how many £2 coins, well done you! Heavy heart I hope you are OK & have not been flummoxed by all the discussions this afternoon. Are you feeling more able to face things? I found that when I had that it was an enormous relief (although I wish I'd done it about £20,000 ago!!) and spend the next couple of days in tears (v. unlike me) while I came to terms with how stupid I had been & that it was going to take me years to get out of the hole but at least by getting past that I have been able to take control of my finances and make positive steps forward. For the first time ever I have a savings account; am not spending on things I dont need (ie drinking water) & am changing the way that I live my life, something that is essential for success. My thoughts are with you...

halloweenqueen_2

Good for you fishface!! The £2 coins are a bit of an obsession i must admit!
its amazing really the things you can live without, we ditched the bottled water! I'm quite pleased after they said about the toxins that can get through the plastic bottles.
I'm now also obsessed by aliaojos mortgage piggy!