Just a thought /long shot !

Nightlight

Would I be able to re mortgage on an unencumbered property whilst on income support? Hoping to go back to work around september time tho thats not definate - something in the pipeline - need to borrow about 15000 - i own my own house - no mortgage on it at the mo- value around 200,000.00?

Hannah_10

Coming at this from a slightly slanty angle- what's the £15k for? I ask as secured debt is the last type to plump for, so if we know what you need cash for perhaps we can find you another way?

Nightlight

Ok recently separated - approx 12000 credit card debt - not all my debt but all in my name - not smart i know but ..... and seriously need to do some work on the house - not making it nice just making it healthy for the kids. People have suggested debt management thingy but then I wouldnt i loose any credit rating i have - someone just suggested trying to use the house to my advantage....I have to admit I have absolutely no idea what to do or where to turn

Hannah_10

Alright mate, well starting from absolute square one then have a read of this.... http://www.moneysavingexpert.com/loans/debt-help-plan Also be sure to watch the embedded video (you can watch the vid first if you like) it's 21 mins long.

Then have a read of this one.... https://forums.moneysavingexpert.com/discussion/107280

Tixy

Pretty unlikely if you only have income support coming in (and presumably child benefits etc). As these are meant to be the minimum you need to live and therefore it would be assumed you have none left over for debt repayments.

How are you currently paying the credit card repayments? have you kept up with minimums so far? A DMP would affect your credit rating and you wouldn't be allowed to take on anymore credit but if you own your house and don;t have a mortgage you'll need to move around does it matter if your rating is affected?

I think you are going to need to wait until you are in work (if that happens) before you will get any new credit. Its only a couple of months away. You might get your cards to informally agree to take reduced payments for a couple of months until that happens without affecting your credit rating (though you'll need to check with them what they would or wouldn't mark on your report).

Nightlight

Thanks - just had a brief look - I shall be sitting down tonight once i've found all the relevant info and will do that. Thanks