Five year old adverse credit

TBeckett100

garethw792 wrote: »

Thanks for the replies. That's exactly why I asked the question, sometimes it takes someone else's views to put it into perspective instead of thinking of getting myself into further trouble for the sake of £484, I was thinking 'that's an extra £484 that could go into the deposit pot'.

Out of interest, how would they find out I was applying for a mortgage?

It's not £484 in the deposit pot
Just pay your bloody bills

libf

garethw792 wrote: »

Thanks for the replies. That's exactly why I asked the question, sometimes it takes someone else's views to put it into perspective instead of thinking of getting myself into further trouble for the sake of £484, I was thinking 'that's an extra £484 that could go into the deposit pot'.

Out of interest, how would they find out I was applying for a mortgage?

No, that £484 is not your money. Pay it back, ASAP.

garethw792

TBeckett100 wrote: »

It's not £484 in the deposit pot
Just pay your bloody bills

I bloody have now 😉

lisa110rry

How would they find out you were applying for a mortgage?

Well, I may be completely wrong, but here was my thinking. Presumably the company you owe money to can do credit checks and I don't know what they can see, but perhaps they might be able to see the kind of hard searches which have been amde on you recently. If that is the case (and I repeat "if") and they could see bank and building society searches, a reasonable assumption might be that you were applying for a mortgage or some other large credit item and it would be an ideal time to force you to pay to avoid being refused.

Is that reasonable?

garethw792

lisa110rry wrote: »

How would they find out you were applying for a mortgage?

Well, I may be completely wrong, but here was my thinking. Presumably the company you owe money to can do credit checks and I don't know what they can see, but perhaps they might be able to see the kind of hard searches which have been amde on you recently. If that is the case (and I repeat "if") and they could see bank and building society searches, a reasonable assumption might be that you were applying for a mortgage or some other large credit item and it would be an ideal time to force you to pay to avoid being refused.

Is that reasonable?

Definitely. I have paid both defaults this morning so don't have to worry about anything now apart from keeping my credit file clean and building that deposit. Thanks for all the cents. ..bar a couple 😉

lisa110rry

The very best of luck Gareth! Hope you'll soon have a place to call your own!

andys15

I sometimes feel a mug for repaying my debts, as it seems a lot of folk try to wrangle out of paying them. I understand people circumstances changing for the worse, and I am glad there is help available for them. Yet as usual people try and use it. How on earth can you save a deposit for a house with CCjs and defaults. I see you have paid the defaults, but you were trying to squirm out of it, to add to your deposit. It's us mugs who try and repay debt, who end up losing out.

garethw792

lisa110rry wrote: »

The very best of luck Gareth! Hope you'll soon have a place to call your own!

Thank you Lisa. I'm excited to see what the future holds. I visit this forum daily and see there are some brokers on the site that really know their stuff which makes me more confident of one day owning a house

garethw792

andys15 wrote: »

I sometimes feel a mug for repaying my debts, as it seems a lot of folk try to wrangle out of paying them. I understand people circumstances changing for the worse, and I am glad there is help available for them. Yet as usual people try and use it. How on earth can you save a deposit for a house with CCjs and defaults. I see you have paid the defaults, but you were trying to squirm out of it, to add to your deposit. It's us mugs who try and repay debt, who end up losing out.

Thanks for the comment. One of the main reasons why I wasn't in a rush to pay the defaults originally was because the original debt was only 1/3 of the default balance because they had been sending letters to an old address and charging me £25 per letter. I thought this was a joke and refused to pay at the time. When I moved into my first rented place at 21, I was in my element with all the freedom and perhaps a little nieve when it came to bills and making sure they were paid on time. Hindsight is a wonderful thing! But as you said, they are paid now and I don't owe anyone a penny. So just as well I posted this thread after all hey.

Enjpy you're weekend. Oh... and don't be so hard on yourself, I'm sure you're not a mug 😉

andys15

Oh it's not really you. Just always paid my debts on time and yet I know for a fact from real life, that some people have actually took out more debt as they are planning on going DMP or IVA etc. I know thet could pay it all back with a little effort, but they have been advised how to play the system. It is not fair. Hey ho.