young and unrealisticlly lived

aaronpeirson21

yes quite possibly do you know if there is any chance i can miss a debt out of a debt managment plan i e my gurrantor loan ?

anna_1977

I think my second lo last message suggested that you may be able to leave out but increase your outgoings to cover that debt - for example if payments are £200 a month then create payments that add to £200 - food shop increase, maybe £100 for smoking etc.

Does that make sense?

aaronpeirson21

yes thats great advice im currrently on the step change website now doing a debt remedy

Kitten868

Well done Aaron. That's great. You definitely can build a future. It's not forever x

Karonher

QueenBeruthiel wrote: »

I'm all for education, however an OU degree would take 5 or 6 years, and then the young woman would have to gain a teacher training certificate, or whatever will be needed after the government change the rules a few more times.



There are also courses that allow student loans that are only paid back when earning upwards of £21,000 plus.

I have A levels but wanted a level 3 NVQ for a job and got the loan through, and don't need to pay it back yet. It's only £1100 and doesn't show on my file.

aaronpeirson21

okay so step change have reccomended a dmp ? not sure how effective theses are also how long does it effect yor credit ratig for is it permanent or tempoary ?

anna_1977

A DMP sounds the right thing. It will last as long as it takes to pay debts off (I believe).
I think I'm correct in saying debts stay in your credit file for 6 years. If the company register a default then the debt will disappear off you file in 6 years; settled or not. Any non defaulted debts will be on there for 6 years after you finish paying - ideally you want defaults (I know it sounds daft).

aaronpeirson21

hahah lol yh i actually do then i wonder if anyone has ever defaulted on a product then used the same lender later on in life as i wouldnt want to default capital one as at one time they were the only pepole still are to give me a credit card even though the limit is only £200

fusionx212

aaronpeirson21 wrote: »

hahah lol yh i actually do then i wonder if anyone has ever defaulted on a product then used the same lender later on in life as i wouldnt want to default capital one as at one time they were the only pepole still are to give me a credit card even though the limit is only £200

they still lent to you during this period.. Don't feel you owe loyalty to any creditor, they certainly don't feel any to you when they sell it to a debt collector.

they will lend to you again if you match the criteria and can afford to pay.

aaronpeirson21

thats great news im not tarnished for life then lol