Terrible News - I feel sick

whitewing

OP, I agree with a previous poster who suggests you spend some time on the debt free wannabe board. The people there are very used to trying to balance the reality of living in much unsecured debt against trying to maintain a decent standard of living with feeling that you have lifestyle choices and the daily frustrations this all entails. (Not meaning to offend anyone here, of course). Different boards have different personalities so it can be useful to hop in and out sometimes for different perspectives.

RAS

downhillfast wrote: »

Doesn't your DMP get reassessed each year??? Surely you're not giving these figures to them and still only paying £100 a month towards your debts? You sound like you're quite happy to "spin" anything the way you want it to be and could be heading for a fall if the DMP get correctly adjusted!

We tried asking who the DMP is with but did not get an answer on DFW. It does not appear to be one run by any of the debt charities anyway, as these would be re-assessed each year. If he had been paying his excess into the DMp, the Op would probably be debt free by now.

Housebuyer

You do yourself no service dissing Roberto. He posted that it was the only job he lost for failing to meet targets and he has turned his brief experience into a valuable resource helping loads of people on DFW etc who are dealing with bailiffs.

As you gather from his sig, he does not fit the "hugger" label most DFWers attract but he is a very valuable member there.

It may be that you do not like what people are saying but people here have seen so many get into a mess and helped so many drag themselves out, that they have some understanding of the issues.

property.advert

It seems to beyond the ability of the OP to pull his credit records and work out all the dates and by subscribing to online services, he could see how things changed week on week and month on month. He could then form a rational view of why certain things were or are unavailable to him.

I seem to remember lenders looking unfavourably at people who magically got large deposits as opposed to those who saved up deposits simply because one shows the ability to manage and save money and the other only shows someone taking a handout. I would have said the £50,000 came from a sale of shares or a car or whatever but something which showed it as my money. Lenders do not really want to think about you paying daddy back at the expense of the mortgage.

Obviously past problems are affecting this and I do sympathise. Contrary to many people, I actually think the end result of getting the mortgage could end in a better financial position but that fails to include the inevitable mortgage rate increases. People who can only afford mortgages at these low rates are overstretched. If they can afford say 5% or 6% easily and 7.5% to 9% at a real push can benefit from these current low rates but if you are maxed out at 2.99% or whatever, then you are just asking for trouble.

I haven't read other threads but in this thread alone the OP lurches from left to right and yet new and vital pieces of information only come out one by one, such as the debt management plan. To gain credibility, he must put the cards on the table, get his credit reports and file a proper account of the current position. Without that crucial information, he is just whistling Dixie.