DMP & Mutual Support Thread - Part 10

Hopelessly_Hopeful

Morning

3 years Mrs TTFTM and you will be finishing at breakneck speed too. Very impressed with your determination

Can't wait to celebrate with you.

HHx

Coinmachine

Puzzcat wrote: »

Hi Coinmachine,


I see you have had an answer on the other thread. I've never been threatened with one, do you know why NW have taken this route?


Puzz. x

Talking to Stepchange they suggested its beacuse of the length of time, 9 years and all lenders are different etc. If i can attend, I will, providing it doesnt cost too much to get to wherever it will take place.

blisteringblue

Hi all, Just want to also give my best to you Sazzie, you are one of the Gems on here. Take care and thinking of you.

BB
x

Sazzie23

Growurown wrote: »

Hey Sazzie, would just like to add my condolences to the rest. There will be a lot to do over the next couple of weeks, lots to organise. Please take care of yourself.

Thanks to everyone sending kind thoughts, trying to take it like the debt busting - one day at a time, although the feeling of wanting to crawl under the duvet and never come out is also very similar to the start of my DMP.

Lovely to see so much action on the thread, glad you are all being there for each other.

Karen777

Sazzie - so sorry for your loss - one day at a time sounds about right

Karen777

welcome new peoples! and well done TTFM - great milestone!

james_joyce

Coinmachine wrote: »

Talking to Stepchange they suggested its beacuse of the length of time, 9 years and all lenders are different etc. If i can attend, I will, providing it doesnt cost too much to get to wherever it will take place.

Hi, can I ask what is it that's 9 years? It is the time your plan will take to pay off? Mine is 25 years so I'll be interested what NW say to me.

Regards
James

Rooster01

james_joyce wrote: »

Hi, can I ask what is it that's 9 years? It is the time your plan will take to pay off? Mine is 25 years so I'll be interested what NW say to me.

Regards
James

It's the length of time repaying the debt. I also owe Nationwide and my repayment plan is 5 yr 4 mths so will also wait and see what happens.

Sazzie23

Rooster01 wrote: »

It's the length of time repaying the debt. I also owe Nationwide and my repayment plan is 5 yr 4 mths so will also wait and see what happens.

I'm only guessing, but maybe NW have a formulae where if the amount owed is X and the length of time is Y and x divided by Y = z and the property value/equity is ABC and its an SSS type of debt then they take a charging order, which might explain why not everyone gets one.

I'm not familiar with the process of obtaining a charging order but I would want to be there if I could, with my budget printed out and if possible explain to the judge/lead of proceedings how I was managing my debts. It might make the difference between getting charged costs or not etc etc. And I'd feel like at least I tried. (going to put that on my headstone:o).

Ellieseleven

I have been working away for the last few days but just wanted to say that I am so sorry to hear your news Sazzie. My thoughts are with you x