I could lose my new house what can I do please help

Debt_Free_Chick

Sarahsaver wrote: »

Something does not sound right here.

I agree - especially the amount of credit obtained on a self-employed turnover of £24k i.e. before deduction of expenses and before profit!

Worryingly, three new credit arrangements this year - OK, one is a remortgage, but then he's consolidated unsecured debt into a secured loan :eek: (June 2007) and then immediately gone out and borrowed a further £7k :eek: :eek: :eek: I have a feeling we've not got the full story particularly in view of these comments

I give a different name when they knock then when I get a summons return it as not at this address, had to do this before when I was in trobble

but that still adds 6,000 ish to the pot for all fees & must do home improvements

He is living way, way beyond his means - and appears to have done so for some time. Before the August Loan for "must do home improvements" (new windows!) he was already in debt to the tune of £63k! And all of this ignores the mortgage.

I wonder what the first quote means?

But between them they COULD earn 22k a year thats only 11k each.
YOu get more than 22k a year if you are on tax credits.

His tax credit is apparently £70 pw which is only £3,640 - isn't that low even when his income was £2k per month?

Sarahsaver

IYSWIM your overall household income has GOT to be over 22k if you are claiming the tax credits properly.
The home improvements MUST wait, a LONG time!

Debt_Free_Chick

Sarahsaver wrote: »

IYSWIM your overall household income has GOT to be over 22k if you are claiming the tax credits properly.
The home improvements MUST wait, a LONG time!

Would like to have thanked you twice

It doesn't make sense, does it?

I am fearful for Sarf London Guy - but we can only really, really help if he "fesses up" 100%. And I rather suspect that won't happen

Alisonbel

I'd contact CCCS they will give you loads of advice but you need to be HONEST!!!!!!!!!

Debt_Free_Chick

Alisonbel wrote: »

I'd contact CCCS they will give you loads of advice but you need to be HONEST!!!!!!!!!

And he needs an SOA

consultant31

mouseclick wrote: »

You are right though, he has plenty of time, and he is a very clever bloke. He just has to find a direction to go I suppose, hope he finds it!

Is that clever, or crafty??

What a way to live, hiding when someone comes from TV Licensing, then giving out a false name, returning the summonses (plural) as 'not at this address'.......sheesh, why shouldn't he pay his TV licence like the rest of us?

penguin83

Be careful with the TV Licence or you could end up with another £1000.00 fine to add to your debts.

I hope you manage to sort things out - I would agree with previous posters about getting some advice from one of the debt charities.

Good Luck

sarf_london_guy

Hi all, I think I have some luck on the way.
Been very busy looking for work, I have got 2 job interviews so far.
But best of all a good friend of mine is a top man in a construction company, after speaking with him he said he can’t see any reason why he can’t get me on the team.
Estimated wages is £100 a day plus weekend work available plus my company bringing in a profit of £1,000 a month. I have not had time to submit my updated SOA but will do this as soon as I can get on my computer got to rush helping someone move some bits for a quick dollar.

RAS

Hi

Well done for getting it together so quickly.

have you talked to your missus yet? Even a few sessions in a supermarket when you are at home with junior would bring in money to chuck at the debts.

Debt_Free_Chick

sarf_london_guy wrote: »

Hi all, I think I have some luck on the way.
Been very busy looking for work, I have got 2 job interviews so far.
But best of all a good friend of mine is a top man in a construction company, after speaking with him he said he can’t see any reason why he can’t get me on the team.Estimated wages is £100 a day plus weekend work available plus my company bringing in a profit of £1,000 a month.

WOW! What an amazing stroke of luck

I have not had time to submit my updated SOA but will do this as soon as I can get on my computer got to rush helping someone move some bits for a quick dollar.

Oh - OK (yeah, right)