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Maybe2day
Maybe2day
Posts: 1 Newbie
I have a 2nd mortgage with Blenheim finance now together of £26,000...about 2 years after it was taken out my husband lost his job.. i worked part time& with children finances became strained started missing payments on most things over a 9 month period, we have now both been back in work for 6 years and have made regular payments on everything, a few years back.. i contacted Blenheim and set up to pay a little extra each month, i pay £155.00 per month..but the interest on the arrears spiraling out of control i now owe £29,000 due to interest ... with not a great credit rating and only card options at 29% i cant see a way out of this spiraling further. any genuine advise would be great... some years back i asked Blenheim if i could add arrears to loan to stop spiraling interest, they said its not there policy, Without a great credit rating im worried about trying to re mortgage that loan in case of being declined and further reducing my slow improving credit.
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Fire over a complaint to them advising them of the situation and asking what they can do to ensure you do not get further in to debt.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Possible down size?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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