DMP & Mutual Support Thread - Part 9

Alice_in_Welfareland

Mossop01 wrote: »

As i understand it a company defaults you and that default stays on ur file for 6 yrs from date given

Yes I think this is true and I am wishing to know what Hopelessly Hopeful intends with references to 2 years and not waiting 6 years.

Hopelessly_Hopeful

Alice_in_Welfareland wrote: »

Please may you explain what you mean about defaults and 2 years and 6 years?

Alice

Hi Alice

Yes default stays on file for 6 years from when it was planted there. However, I recently saw some subprime applications for remortgage online where it asked if there defaults within the last two years which indicates there may be an inbetween way and whilst they will still acknowledge the default you may get offered a halfway interest rate if that makes sense.

HHx

Hopelessly_Hopeful

Time_to_face_the_music wrote: »

Brilliant news Antonic and very well done :T

We seem to spend half of our lives deciding what we are going to do with our money .... when it's ours again

Can you lend me a loo roll twin? :rotfl:

HHx

Alice_in_Welfareland

Hopelessly_Hopeful wrote: »

Hi Alice

Yes default stays on file for 6 years from when it was planted there. However, I recently saw some subprime applications for remortgage online where it asked if there defaults within the last two years which indicates there may be an inbetween way and whilst they will still acknowledge the default you may get offered a halfway interest rate if that makes sense.

HHx

Yes this makes sense to me and is appearing to be the positive thing.

gizmo111

Hopelessly_Hopeful wrote: »

Hi Alice

Yes default stays on file for 6 years from when it was planted there. However, I recently saw some subprime applications for remortgage online where it asked if there defaults within the last two years which indicates there may be an inbetween way and whilst they will still acknowledge the default you may get offered a halfway interest rate if that makes sense.

HHx

Also decent creditcards used to be available when defaults were satisified and 3 yrs old. Not sure how this works now.

Time_to_face_the_music

Hopelessly_Hopeful wrote: »

Can you lend me a loo roll twin? :rotfl:

HHx

I will swap you one for a dishcloth or a hoover bag ... but only if it fits my Henry :rotfl:

Hopelessly_Hopeful

Time_to_face_the_music wrote: »

I will swap you one for a dishcloth or a hoover bag ... but only if it fits my Henry :rotfl:

Hoover bags you are very welcome to but you'd have to grab a Sebo.

Not sure I could manage dishcloth, it could stuff up my DFD statistics!

Got my NRAM letter today, seems it may be a few extra pounds to what I was told on Friday so fingers crossed!

HHx

justapensioner

I have now started on a DMP with Step Change and for the first time in ages I feel I can breathe again. My first payment goes out on 1 April 2013.

To be honest my problems started shortly after I retired, although I managed to get a part time job (a couple of afternoons) I eventually had to give it up as I have an elderly mother to look after. I am now classed as a full time carer and because I am drawing a pension I cannot claim a thing financially. Oh I can claim Pension Credit the grand total of £8.47 per week which is reduced in April to £8.08. Nice to know you are appreciated.

I have been reading these threads for some time now and to know that I am not alone with my problem helps, I expect the next few weeks to be a little scary but from reading how others have handled situations is a great help.

Hopelessly_Hopeful

justapensioner wrote: »

I have now started on a DMP with Step Change and for the first time in ages I feel I can breathe again. My first payment goes out on 1 April 2013.

To be honest my problems started shortly after I retired, although I managed to get a part time job (a couple of afternoons) I eventually had to give it up as I have an elderly mother to look after. I am now classed as a full time carer and because I am drawing a pension I cannot claim a thing financially. Oh I can claim Pension Credit the grand total of £8.47 per week which is reduced in April to £8.08. Nice to know you are appreciated.

I have been reading these threads for some time now and to know that I am not alone with my problem helps, I expect the next few weeks to be a little scary but from reading how others have handled situations is a great help.

Hello and a very warm welcome to you

The rule system for carers stinks doesn't it. Well you are our unsung hero/heroine for sure.

Great you are moving forward. You will be no ones April Fool. Please shout up if you have any queries or just want to ponder on life generally.

HHx

justapensioner

Thank you Hopelessly Hopefull, look forward to joining in the threads.