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Best thing to do.
tidydan24
Posts: 38 Forumite
I currently have around £12k in unsecured debt. I am in the process of saving through a work save and shares scheme which will see me with about £9-12k in 6 years time. Now I also have a credit rating of 250 and my wife's is 450. We have not managed our debt well in the past and so have very damaged file (we have learnt lessons and are now very good with budgets spending etc). My nan wants to help us buy a house so has offered to give us £15k to enable us to use the 5% deposit government scheme. Only problem is we won't be accepted. So my question is, if we use the 15k to pay off debts now will we be eligible in 6 years time for one of the schemes? Or is there a better way to do it.
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You need to see a broker to go through your options.0
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