re-credit check

Florence22

Joe I'd have to agree with Tigerfeet, hard as it may be for you to stand back a little.
Just your support will help her get through this and she will learn a lot about herself in the process.

She'll become more independent and will grow from the experience

I feel you would be throwing good money after bad, you have to look after your own financial security after all.

Florence22

Oh Joe, so sorry, I posted as you did.

I'm so sorry for your loss, what a difficult time for you.

Look after yourself,

Best wishes,
Flo

tigerfeet2006

I am so sorry for your loss Jo. ((( hugs)))

CCCS will look at her finances and see if after paying her essential household bills weather she has any surplus and how much. If there is a fair amount then to the amount of debts then they will suggest a DMP if the debt can be paid off in six years max (usually but can vary).

If there is not a lot of surplus and there is no hope of making a reasonable offer and rePaying in a resonable time then she is insolvent ( insolvent means you cannot meet the full agreed payment as it becomes due. ) and they will recommend BR.

Please don't repay anything for her. As you have seen she hasn't learnt to manage it at all. Is she going to leave the OH?

joe134

tigerfeet2006 wrote: »

I am so sorry for your loss Jo. ((( hugs)))

CCCS will look at her finances and see if after paying her essential household bills weather she has any surplus and how much. If there is a fair amount then to the amount of debts then they will suggest a DMP if the debt can be paid off in six years max (usually but can vary).

If there is not a lot of surplus and there is no hope of making a reasonable offer and rePaying in a resonable time then she is insolvent ( insolvent means you cannot meet the full agreed payment as it becomes due. ) and they will recommend BR.

Please don't repay anything for her. As you have seen she hasn't learnt to manage it at all. Is she going to leave the OH?

Hi Tigerfeet, by OH I presume you mean her partner?
He is preparing to do a runner to Spain and live in one of the houses, (with luck), trouble is , he,s joint mortgagee on all 3 properties,.
He used Daughters good credit rating to get in all this debt, and now she is left to carry the can.
They say love is blind;
I have just spoken to her, and am getting her to get 2 credit reports on herself, now. Also told her, I,m NOT paying CC,s off unless DRM reccommends it;
Getting her to cancelling spanish bank A/cs, which he relies on.
She will have to go to spain, and told her, NO more payments to Spanish mortgage company.
Am I correct in assuming she can solely cancel a bank A/c online,/letter, even though it,s joint???He,s second name on all A/cs.
She has a friend, who,s husband was a buddy of her partner, he left her in the same situation.They were in cahoots together.
She used CCCS, and pays £100pm, for last 6 years, manages.ok.
She,s is coming down, and says she WANTS to go that route, and if BR, it is, so be it.
Thanks Tiger.appreciate your help and support, you have my sincerest regards for what you do on here. Thanks for condolences too.Et.AL.
PS; On the cccs form,registration, does she register solely, or for him too???

sniggings

if the account is in cedit then I would think it would be easy for her to take her name of it but bnot is it is OD or loans on it etc

sounds to me paying off the CC would not solve this so seems a waste of good money,far better saving it and if she does go BR maybe help on the other side would be a better use of the money.

Untill she and her partner split then his debts are going to affect her as they share so much credit together.

Once the two of them part ways or at least stop sharing mortgages etc then this can never be totally resolved.

Maybe you need to start accepting yourself that your daughter has played a big part in this,as you go from blaming him totally,then sort of blame her but go back to blaming him lol even if her only mistake was letting him do these things to her,it was a big mistake to make and she and you need to accept she did this to herself.

good luck.

joe134

sniggings wrote: »

if the account is in cedit then I would think it would be easy for her to take her name of it but bnot is it is OD or loans on it etc

sounds to me paying off the CC would not solve this so seems a waste of good money,far better saving it and if she does go BR maybe help on the other side would be a better use of the money.

Untill she and her partner split then his debts are going to affect her as they share so much credit together.

Once the two of them part ways or at least stop sharing mortgages etc then this can never be totally resolved.

Maybe you need to start accepting yourself that your daughter has played a big part in this,as you go from blaming him totally,then sort of blame her but go back to blaming him lol even if her only mistake was letting him do these things to her,it was a big mistake to make and she and you need to accept she did this to herself.

good luck.

Hi sniggings, thanks. Yes I know she,s as much as him to blame, I,ve been telling her this for years. Now , even she admits it.However, they will never be independant, as there are 3 houses in joint names,and he won,t even discuss anything with her to try and sort it;;;hence me;;
He can quite happily go to spain and live, the one paid for house, rented is paying for the other, which he plans to live in..
She meanwhile is left with a negative equity house to live in, cannot ever sell it, interest only mortgage, and cc debts of £15k.
She needs to close that A/c in spain, it,s in credit, but why should she allow him to carry on using it,to stitch her up.He cannot open one in his name, never could;The time has come to fight fire with fire;
I meantime have to try and get her through this, even if it,s BR, but not make life easy for him at the same time;
Perhaps if she was a bit more hard, she wouldn,t be in this mess. It,s easy for me to say to her," I told you ", but that isn,t helping her now;
I have to try and halt him getting her into more debt, which hewill, using this A/c.I,ve no intentions of paying cc,s off now, going to use cccs.

joe134

joe134 wrote: »

Hi sniggings, thanks. Yes I know she,s as much as him to blame, I,ve been telling her this for years. Now , even she admits it.However, they will never be independant, as there are 3 houses in joint names,and he won,t even discuss anything with her to try and sort it;;;hence me;;
He can quite happily go to spain and live, the one paid for house, rented is paying for the other, which he plans to live in..
She meanwhile is left with a negative equity house to live in, cannot ever sell it, interest only mortgage, and cc debts of £15k.
She needs to close that A/c in spain, it,s in credit, but why should she allow him to carry on using it,to stitch her up.He cannot open one in his name, never could;The time has come to fight fire with fire;
I meantime have to try and get her through this, even if it,s BR, but not make life easy for him at the same time;
Perhaps if she was a bit more hard, she wouldn,t be in this mess. It,s easy for me to say to her," I told you ", but that isn,t helping her now;
I have to try and halt him getting her into more debt, which hewill, using this A/c.I,ve no intentions of paying cc,s off now, going to use cccs.

Hi Guys, I need a bit more advice please;
I asked my daughter to get a credit report from Equifax and callcredit for £2 each as you know she,s in lots of difficulty;
She stupidly used the free trial 30 day one from equifax, now I need to stop the agreement;
I also got a £2 one from Callcredit,both online using her details, just now, with her assent, it now seems she owes more than first stated;
Besides her 2 mortgages, she owes £25524.
We have started filling in the CCCs forms today;with me;
As the house is joint, does she put down just her share of utility bills, etc. mortgage, or both.
She is filling it in in her self only, not her partner, he,s not cooperating, but all bills in the house are being used and paid for, he,s using it more than her at present. gas/electric, etc;
Advice to stop the equifax 30 day trial is my first concern;

Ineedaname

I just checked the 30 day trial T&Cs for you and she needs to contact Customer Services to cancel the subscription, at least 24 hours before the end of the trial.

Please be advised that some members have noted the online Statutory reports are not always as good as the paper versions received through the post.

When filling out the CCCS forms, she should put down what she actually pays towards all the bills, be realistic about her situation and expenses.

joe134

Ineedaname wrote: »

I just checked the 30 day trial T&Cs for you and she needs to contact Customer Services to cancel the subscription, at least 24 hours before the end of the trial.

Please be advised that some members have noted the online Statutory reports are not always as good as the paper versions received through the post.

When filling out the CCCS forms, she should put down what she actually pays towards all the bills, be realistic about her situation and expenses.

Hi I, thanks for reply, if my Daughter can complicate matters, she will;It,s like banging my head against a brick wall.Another phone call to cancel another agreement for £2;;;
As they live together, have a joint A/c, and he very often doesn,t contribute towards the bills, she has to pay them all.Are you saying she should only put half poll tax etc, even though , when he moves out, she will be liable for ALL the same bills??
I,ve noticed Equifax has not stated the house has been re-mortgaged twice, but Call credit, have only put the first time, not the second;
She also has a ccj, from 2 years ago, doesn,t know why, but alas, that,s my daughters answer to everything." I don,t know"
Why is the online one inferior to th posted one?

Ineedaname

If she is having to pay for everything because he doesn't contribute, then that's what she puts on the forms as that is what it costs her. No point making things look better than they are in the hope he may contribute half for a few months before he jumps ship. Is there any doubt about whether he will actually go or not?

I don't actually know what is different between the online £2 reports and the paper versions. I've only ever trusted the paper versions myself, even before I started using MSE and read the online ones weren't as good. I just like having the information in hard copy for my own files. Creditors have their preferred CRA to report to, hence the discrepancies you note. You may find the other remortgage appears on Experian.

As I've been reading this thread I have wondered if there's any option for selling the fully paid for property in Spain? Would that recover enough money to avoid BR? I'm sure the OR will have an interest in all 3 properties and at least that one may end up being sold anyway if there's no money available to buy back the Beneficial Interest in it. I'm really not sure how the OR deals with foreign properties though, hence the need for specialist advice.