Guarantor loan debts is destroying me

Angie10

Ive got all the paper work out i dont know if you have heard of ge money home lending they are a last resort mortgage company who charge extortionate rates, They shouldnt be allowed to do this but they do i have been taken to court by them i attended they sent there solicetor the judge was on my side he couldnt beleive what they were charging me but on the other hand i still have to pay something to stay there. Also regarding CSA that is another issue i was with my ex for 16 years from being 16 my life has always been controlled i knew knew any diff when santa came i had to provide for my elderst as he would say she got enough of everyone else and she had to have terry towelings and not disposible nappies thats how my debt started he was a saver but like he said i was waster he was right now its him having the last laugh now but i feel like i broke free to be happy which i am but s... has hit the fan for me. If that makes sense. My ex has me so scared ive applied 3 times for csa and have canx it because i suppose i feel guilty for ending up this way.

gizmo111

Angie10 wrote: »

Ive got all the paper work out i dont know if you have heard of ge money home lending they are a last resort mortgage company who charge extortionate rates, They shouldnt be allowed to do this but they do i have been taken to court by them i attended they sent there solicetor the judge was on my side he couldnt beleive what they were charging me but on the other hand i still have to pay something to stay there. Also regarding CSA that is another issue i was with my ex for 16 years from being 16 my life has always been controlled i knew knew any diff when santa came i had to provide for my elderst as he would say she got enough of everyone else and she had to have terry towelings and not disposible nappies thats how my debt started he was a saver but like he said i was waster he was right now its him having the last laugh now but i feel like i broke free to be happy which i am but s... has hit the fan for me. If that makes sense. My ex has me so scared ive applied 3 times for csa and have canx it because i suppose i feel guilty for ending up this way.

I think you're getting a little confused with the house.
You are paying to stay there when it is in the process of being repossessed - you can't afford this so let it go. Stop paying as I said above.
Re-apply for the CSA - there is nothing he can do to you - let the CSA sort it out.
Go back to tax credits with your earnings and check what you are being paid. Don't forget to include the nursery fees as well.
Your SOA will then look very different - as you will have most of your rent paid and your income will increase and outgoings decrease.
You then need to pay off the guarantor loans and then save up for the BR fees. There is no rush to go BR.

glasgowsaver2011

Angie10 wrote: »

Ive got all the paper work out i dont know if you have heard of ge money home lending they are a last resort mortgage company who charge extortionate rates, They shouldnt be allowed to do this but they do i have been taken to court by them i attended they sent there solicetor the judge was on my side he couldnt beleive what they were charging me but on the other hand i still have to pay something to stay there. Also regarding CSA that is another issue i was with my ex for 16 years from being 16 my life has always been controlled i knew knew any diff when santa came i had to provide for my elderst as he would say she got enough of everyone else and she had to have terry towelings and not disposible nappies thats how my debt started he was a saver but like he said i was waster he was right now its him having the last laugh now but i feel like i broke free to be happy which i am but s... has hit the fan for me. If that makes sense. My ex has me so scared ive applied 3 times for csa and have canx it because i suppose i feel guilty for ending up this way.

If you are genuinely scared of your ex go to the police and tell them your concerns.

You sound as if you are in a terrible place and need some help.

My best friend found it all got too much and killed her self (almost a year ago)

dont let it get that bad.

You have two kids and a future, but the next few years may be VERY tricky!

keep strong

Angie10

Thankyou i do feel in a bad place ive been to the doctors talking changes all the rest i no what the prob is. Strange thing is my baby would never remember me but my elderst would be devestated i feel as though im being slfish but dont want my children like my elderst worrying thats som ething isnt right, But i love them so as i have nothing as long as they no im there thats whats important but mentally i carnt sleep nor cope with the mess ive got myself in! To me at the min i feel my children are better off with a family that can give them more! Im being morbid i know selfish its just finally snapped my denial has gone!

DVardysShadow

On the SoA, as has already been pointed out, your arrears are not the mortgage debt - your SoA shows you have net assets of £56,700, which in turn would mean that you could easily pay back your friend.

Your mortgage debt is the overall amount owed on your mortgage ie what you borrowed originally minus however much you have paid off plus the £8500 in arrears.

Please take your time to get your head around this and to correct the SoA, which will be important as you work to resolve your situation. Apart from cutting the mobile phone and losing the TV, there does not seem to be anything much left to trim. I think you owe it to your friend to start getting the child maintenance money.

Angie10

Yes you are right i have no spare funds for anything else! If i could right a book i think id be famous lol! on my life story. I just dont feel strong enough and rather take the easy way out which is being selfish for the kids and my freind who has trusted in me, my ex husband said if i apply for csa not only would he fight for custody he would pack in work so i get nothing. He lives with his parents owns his own home which he rents out and is nearly paid for pays 30pound aweek board to his parents and says i got the other house through the divorce and he does me a favour by picking up my daughter from school everyday when im working and that i get benifits from the government so there is no way in the world he would give me anything! also said if i couldnt afford to look after her myself then he will full time, with everything else going on im petrified

carslet

really all this sounds like BS to me

Angie10

Here is me feeling sorry for myself and feeling helpless when my brother is fighting in Afghanistan my worry is nothing compared to theirs that has to keep me strong, so for all my woes ive someone to be proud of and im sure there is others in the world worse off so i shdnt feel so selfish xxxx

gizmo111

Angie10 wrote: »

Yes you are right i have no spare funds for anything else! If i could right a book i think id be famous lol! on my life story. I just dont feel strong enough and rather take the easy way out which is being selfish for the kids and my freind who has trusted in me, my ex husband said if i apply for csa not only would he fight for custody he would pack in work so i get nothing. He lives with his parents owns his own home which he rents out and is nearly paid for pays 30pound aweek board to his parents and says i got the other house through the divorce and he does me a favour by picking up my daughter from school everyday when im working and that i get benifits from the government so there is no way in the world he would give me anything! also said if i couldnt afford to look after her myself then he will full time, with everything else going on im petrified

Anjie10 - to get proper help with your debt you need to clarify how much yu owe on the mortgage in total including arrears, I am guessing that you have missed a 0 or two on your SOA and CAb have the full picture and that is why they have recommended BR.
If your ex wants to fight for custosy/resisdency let him - thats another battle - but right now you need to concentrate on your finances. Threats from idiots mean nothing, sort this out and then you are in a place to fight for you and your childrens rights to a happy future. Remember he is ex for a reason.

billinghamfan

Hi

In reference to your ex, alot of men do this (my mum is a solicitor I've heard it alot).

To put your mind at ease about the custody threats why don't you call a solicitor most of them will give you either half an hour or an hour free consultation and you won't have to sign anything or be commited to using them. Once you see the full legal picture you won't have to worry about the threats anymore.