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high income poor history
newleafmum
Posts: 30 Forumite
2008 me and my partner were renting a flat and both working however I was made redundant, fell pregnant and oh was cut to basic hours during a huge overhaul of the company he works for.
We got into financial trouble and struggled along paying debts missing payments etc
2010 we moved to our house again rented and oh applied for a promotion I began setting up my self employed business.
2012 oh is a manager I am a very busy self employed person but we have 7 defaults and 1 ccj.
The total debt was about 10k the ccj was 450 but all will be cleared in full by the time we wish to apply for a mortgage and the youngest default will be 2 years.
We will have a deposit and combined annual incomes of 50k but I just fear no one will touch us with a barge pole.
Our credit rating is currently fair with experian.
My other issue is that even if we can't buy our land lords will sell (they want to sell to us) and we won't be able to rent because of credit checks.
We're paying so dearly for our past but to be homeless is keeping me up at night. Not to mention being homeless would mean I couldn't do my job.
I need serious advice on what to do next. I have a bank account with hsbc and good history I opened a joint account with them with oh but he's not allowed a bank card for it. The phone contracts are in my name too.
Excuse my signature I've yet to update it
We got into financial trouble and struggled along paying debts missing payments etc
2010 we moved to our house again rented and oh applied for a promotion I began setting up my self employed business.
2012 oh is a manager I am a very busy self employed person but we have 7 defaults and 1 ccj.
The total debt was about 10k the ccj was 450 but all will be cleared in full by the time we wish to apply for a mortgage and the youngest default will be 2 years.
We will have a deposit and combined annual incomes of 50k but I just fear no one will touch us with a barge pole.
Our credit rating is currently fair with experian.
My other issue is that even if we can't buy our land lords will sell (they want to sell to us) and we won't be able to rent because of credit checks.
We're paying so dearly for our past but to be homeless is keeping me up at night. Not to mention being homeless would mean I couldn't do my job.
I need serious advice on what to do next. I have a bank account with hsbc and good history I opened a joint account with them with oh but he's not allowed a bank card for it. The phone contracts are in my name too.
Excuse my signature I've yet to update it
Total debt £6242
Debt free goal September 2014
Debt free goal September 2014
0
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