re-credit check

joe134

Ineedaname wrote: »

Regarding the cars. I would suggest she stops paying towards his cars and stops using them also. With your BMW, firstly, can she realistically afford to even put petrol in a car? Does she have an absolute need to use a car? If not then hang on to the car for now. You could always keep everything to do with the car in your name, V5, insurance etc, and just have her as a named driver. That way she only needs to find a little bit of petrol money if she really needs to borrow the car.

Redo the CCCS remedy and prioritise. House and bills first, then minimum insurance needs, then groceries. Everything else is a bonus.

It may be she needs to walk away from everything connected to him, rent somewhere she can afford and then reassess?

Has she spoken to any of the debt charities yet? Gather all the financial information you can and help her have the conversation as that may be the only way you can both sort through things to see a way forward.

Hi I ,thanks again. She is a named driver on my wifes car. She cannot get public transport to work.
I was thinking of just letting her use the wifes car, and we carry on paying bills for it.
None of the cutbacks reccommended, is going to pay a penny off her debts.She cannot rent, she has a ccj, and rental here is more than her £400 pcm mortgage. She /we would love her to walk away from it all, and him, but she cannot afford to, as she,s tied to him financially.
I do think she needs to speak to a councillor, from cccs.
If she moves, her £26k will still be there, and I was advised not to pay any of it. How does the debts get payed ?
If she files for BR, can she keep the house?
It,s the biggest debt she,s got;
If you are BR, are all your debts cleared, including mortgages, etc
It,s a minefield.

joe134

joe134 wrote: »

Hi I ,thanks again. She is a named driver on my wifes car. She cannot get public transport to work.
I was thinking of just letting her use the wifes car, and we carry on paying bills for it.
None of the cutbacks reccommended, is going to pay a penny off her debts.She cannot rent, she has a ccj, and rental here is more than her £400 pcm mortgage. She /we would love her to walk away from it all, and him, but she cannot afford to, as she,s tied to him financially.
I do think she needs to speak to a councillor, from cccs.
If she moves, her £26k will still be there, and I was advised not to pay any of it. How does the debts get payed ?
If she files for BR, can she keep the house?
It,s the biggest debt she,s got;
If you are BR, are all your debts cleared, including mortgages, etc
It,s a minefield.

Update;;
Hi, I wiped out all her living expenses and these are the 3 cccs say she can curtail,even though they say she is now £465 above her income.no car,no house insurance, not even building;;;;;;;with mortgage;
no hair, nothing at all.
Food, toiletries, cleaning £200 As little as possible
Clothing and footwear £15 As little as possible
Telephone, mobile and Internet £60 As little as possible
As there is £275 for these 3 items left, if she wiped all these 3 out, didn,t eat/use phone/internet and didn,t buy any footware, she would still be £200 above her means.
That to me as a layman means you are insolvent;;;

sniggings

I used CCCS in 2009 and it was a phone call where they gave advice on my options and I was pointed in the way of BR as they like the person themselves to choose whats good for them.

It now seems CCCS are doing things differently,some people have said CCCS were not too helpfull on the BR side and were pushing people to debt managerment methods.

If you have enough info now to know BR is right for your daught then you an go ahead or if still unsure CAD might be a better source of help for you.

Ineedaname

sniggings wrote: »

If you have enough info now to know BR is right for your daught then you an go ahead...

Please don't advise to just 'go ahead'. If a Judge asks "have you taken appropriate advice?" they may not award a BR Order if the answer is "yes, I asked some questions on the MSE BR forum".

They want to know a professional debt advisor has been through all the finances and the potential BR is fully aware of the implications of going BR.

Here in MSE we never see the full picture so cannot recommend BR based on what we do see, only suggest it may be an option and support members through the process once they have taken appropriate advice.

joe134

Ineedaname wrote: »

Please don't advise to just 'go ahead'. If a Judge asks "have you taken appropriate advice?" they may not award a BR Order if the answer is "yes, I asked some questions on the MSE BR forum".

They want to know a professional debt advisor has been through all the finances and the potential BR is fully aware of the implications of going BR.

Here in MSE we never see the full picture so cannot recommend BR based on what we do see, only suggest it may be an option and support members through the process once they have taken appropriate advice.

Hi Both, thanks again,. I have just had a chat using cccs chatline. They reccomend I make a phone appointment to speak to a councilor before doing anything.
Will get daughter to do it tomorrow or asap.
They apparently disregard the online form and start all over again.
That,s the next step.:beer:

joe134

joe134 wrote: »

Hi Both, thanks again,. I have just had a chat using cccs chatline. They reccomend I make a phone appointment to speak to a councilor before doing anything.
Will get daughter to do it tomorrow or asap.
They apparently disregard the online form and start all over again.
That,s the next step.:beer:

PS
PS;;;
As yet, I haven,t been told if she goes BR, are all her debts, including mortgages, if defaulted, wiped off, leaving her with a clear slate?
IE, no debts to pay;providing, there,s nothing else lurking out there, somewhere.?
What really does BR mean;the pros and cons. Not gonna do anything hasty.till We are 110% certain

sniggings

joe134 wrote: »

PS
PS;;;
As yet, I haven,t been told if she goes BR, are all her debts, including mortgages, if defaulted, wiped off, leaving her with a clear slate?
IE, no debts to pay;providing, there,s nothing else lurking out there, somewhere.?
What really does BR mean;the pros and cons. Not gonna do anything hasty.till We are 110% certain

BR is a new start,some debts payents can not be wiped clear but in general it would be those that the BR person chooses to pay such as a mortgage or a loan against a mortgage but in gerneral yes it's a clean slate,there might be a payment plan set up called a IPA if she has income left over afer living expenses,then she would pay a % of her excess icome for 3 years but no IPA if her income just covers her expenses,the expenses allowed are faily reasonable as its a new start so don't think she will be on bread and water.

P.s and debts are covered if before BR date so don't be too worried if one pops up later,sounds like you have only done the online forms so I would think once you get to speak with CCCS you will find it a lot more helpfull.

pros- new start no more debts

cons- not too many for some people,maybe loose house if a mortgage included,only allowed a £1k car for work,hard to get credit,some jobs are out of the question if undischarged/BR but not many,some find it shamefull some don't,I was thinking I would find it more shamfull than I did,debt free helps get over that feeling faily fast lol maybe a few others I cant think off but for me it was all pros.

joe134

sniggings wrote: »

BR is a new start,some debts payents can not be wiped clear but in general it would be those that the BR person chooses to pay such as a mortgage or a loan against a mortgage but in gerneral yes it's a clean slate,there might be a payment plan set up called a IPA if she has income left over afer living expenses,then she would pay a % of her excess icome for 3 years but no IPA if her income just covers her expenses,the expenses allowed are faily reasonable as its a new start so don't think she will be on bread and water.

P.s and debts are covered if before BR date so don't be too worried if one pops up later,sounds like you have only done the online forms so I would think once you get to speak with CCCS you will find it a lot more helpfull.

pros- new start no more debts

cons- not too many for some people,maybe loose house if a mortgage included,only allowed a £1k car for work,hard to get credit,some jobs are out of the question if undischarged/BR but not many,some find it shamefull some don't,I was thinking I would find it more shamfull than I did,debt free helps get over that feeling faily fast lol maybe a few others I cant think off but for me it was all pros.

Hi sniggings, thanks very much, that was very informative,we will know more when she has spoken to them.We have only done the online form.
She has a ccj for £2500 from 2009 at northampton court. It doesn,t state what for/whom/anything other than the case number. How can I find out what it,s for?etc It,s on her credit report.equifax states a credit card is still default, callcredit said balance 0. should I get 1 from experian also?

sniggings

callcredit is the baby one of the 3,the other two are the 2 main ones that are used,not sure but I would think a phone to the court will either tell you from the case number or they will point you in the right direction,thing is these debts can get passed to different people all the time and with that the amounts increase like crazy and once they hear you are going BR again they seem to stick a few more 000 on the end so don't be too worried keeping tack,the main thing is if you have a list of the main creditors where the loan started out from and a best guess what the balance is then that should be good enough,it was for me and the OR took it from there.

JCS1

joe134 wrote: »

PS
PS;;;
As yet, I haven,t been told if she goes BR, are all her debts, including mortgages, if defaulted, wiped off, leaving her with a clear slate?
IE, no debts to pay;providing, there,s nothing else lurking out there, somewhere.?
What really does BR mean;the pros and cons. Not gonna do anything hasty.till We are 110% certain

Bankruptcy covers all unsecured debts, so does not cover mortgage or secured loans.

If, however, the property is then returned to the mortgage company at a later date, once the property is sold any shortfall becomes unsecured and would be included in BR (just don't sign any deed of acknowledgment!)