Article discussion. Debt problems: Where to start and what to do.

MSE_Martin

This thread relates to the updated Debt Problems Guide & Video Guide

To discuss or ask a question about this article click reply.

IMPORTANT NOTE: Please note this thread is not for posting detailed questions about your own debt issues as your question may get missed. If that's what you want to do please read the other articles and/or post a new thread for help on your debts on the Debt Free Wanabee board.

Thanks

Martin

peaches67

I have just been informed by a solicitor on behalf of northern rock that I owe £31700 from an outstanding mortgage debt that i didnt know existed!

I split from my ex husband 4 years ago, and this debt is 5 years old, I never knew about it and although it looks like my signature on the forms, my ex husband has fraudulantly signed on my behalf before.
Why wasnt this paid off when the house was sold in 2003? the equity was paid out /shared between me and him after northern rock informed me that i had signed all the equity over to my ex husband? when they faxed me the forms through, it wasnt my signature. i rightfully had my share then.
Why has it taken 5 years for them to send me this bill? Also my ex cant be traced by northern rock, so i get the debt is that right?

pania

hi sweetie, best to post this again as a question on this board. AT teh top of the forum click on post new thread. This will open a new thread just for you which people can then come and give you specialised advice on your circumstances. (PS have you reported this to the police? definately obtaining property by deception)
Kind wishes and see you there
P
xx

partylou

thanks for your advice, i am in awe on this site, i cant believe people give this valuable information away for free. thank you so much money saving expert, you have helped me so much.

rebbeca_2

hi i am trying to find out about a company called creditfix personal regarding my debts iva account

frosty

Hi rebecca,if you go back to the debt free wannabe page and go to the bottom of the page you will see a "New Thread" button,if you click on it you can post your question there and lots of people will help you.I dont think many people will see your question here.welcome to mse.

sparky_my_pet

Can anyone help me please. My account has been handed over to this debt collecting agency (who seem most unpleasant according to post listed previously). I have tried in vein to sort out the problem with the bank but rather than take up any of my suggestiions to clear the debt, have opted to hand this onto their credit agency to sort out. I have made all kinds of offers but each have been declined by the bank. What I'd be really grateful to learn is does anyone know what percentage of the debt does a credit agency 'buy' the debt? This information will be so valuable to know when I start haggling with Wescot.

fermi

sparky_my_pet wrote: »

Can anyone help me please. My account has been handed over to this debt collecting agency (who seem most unpleasant according to post listed previously). I have tried in vein to sort out the problem with the bank but rather than take up any of my suggestiions to clear the debt, have opted to hand this onto their credit agency to sort out. I have made all kinds of offers but each have been declined by the bank. What I'd be really grateful to learn is does anyone know what percentage of the debt does a credit agency 'buy' the debt? This information will be so valuable to know when I start haggling with Wescot.

Hi.

Copy the text of your question, click here on the new thread button and paste it into a new thread so that more people will see your question.

Can you add what you have received from Wescot and what the debt was for?

tryingtodobetter

Brilliant articles and videos I really wish that there had been something like this when we first realised we had a debt problem. Even though this information wasn't available then, thanks to this site we are now debt free. This infomation would have made it a lot less scary. Well done Martin :T :T

fatbelly

Remind me why CCCS and CAP are featured in the article but Payplan isn't.

johannabartley

I wonder how come some banks are still doing their businesses after having some major complaints from their clients. A friend of mine asked for a ten year loan and got a mortgage on his house. He also had a credit card with the same bank but he never used it. A small technicality almost made him loose his house. The bank wanted to take his house for having an unpaid tax for his card. Some annual account maintaining tax.