Help with my debt problem - Not sure what to do.

muddyl

Ok, a little bit strange i think but here goes.

When i was a student I wracked up some debt. Bank overdrafts, credit cards etc.

I then lost my part time job and could not afford to pay. I did the silly thing of burying my head in the sand.

This is where it gets a little tricky. Some letters still go to my parents (did not live there at the time, they must have found their address) saying they are attempting to find if i live there. I have moved house, technically, 3 times since i got the debts (5 times since i lived with parents)

I have not heard myself from some of them for ages. I mean like about 5 years, maybe even upto 8 years for some.

I have had problems sleeping for years because of this, but dont know what to do. As much as i tell myself it doesnt bother me, it does, really does. I dont want to chase them up incase they have been written off and they reactiviate them, and i'm scared of using a credit check site incase the debtors get my details from them (if thats possible).

My wife and i are looking to get a loan or re-mortgage (she owns the house) to get an extension built to house the growing family. With this i now cant get my debts out of my head. Can i check my credit rating (to apply for mortgage etc)? I only earn just enough to get by on and worry what will happen if i have loads to pay back. I could afford to pay back some debts or a mortgage, but not both together.

Where do i go from here? Help.

FireWyrm

All defaults will drop off your credit file after 6 years. If you perform a standard credit check on yourself, it might alert your creditors, but if it is more than 6 years since you spoke to them, you are under no obligation to settle with them. Just politely point this out in a 'statute barred' letter (you'll find them floating around if you do a search) and that's it. However, your creditors might have successfully registered a CCJ against you which means that it *might* cause you some problems when you try to get more credit.

muddyl

Thanks for that.
How do i find out if they have put a CCJ against me?
I did get a letter several years ago threatening one, but never recieved anything else and thats when i still lived in the house that they had as my mailing address.

muddyl

Can bmw one recommend the best was of checking my status please?
And what is the likely hood of it alerting my creditors?

ss3n08

I'm afraid I cannot help but I'm sure others can. However, have you thought about going to CAB to discuss the issues. they may be able to give you more solid advice? x