Credit Score 000

DCFC79

I'm_not_going_into wrote: »

Lol yes it would be wouldn't it. I said we bought a new car from Ford. I didn't actually say the car was a Ford. It's a Ford main dealer but they also sell part exchanges. This car is a 14 plate.

Apologies not quite where I got focus from.

I'm_not_going_into

YorkshireBoy wrote: »

Like I said, denial. So at the time he lost his job you'd £9,600 of car finance, £2,000 of sofa finance, and somehow had managed to rack up £4,300 of credit card debt as well. You were living beyond your means, and it was an accident waiting to happen - which you must have discussed when considering a near £10K car purchase surely.


Anyway, best of luck.

Right last time!
How were we living above our means??
If I didn't have a good enough credit score the credit card, sofa, and car wouldn't have been accepted would they!!

If you want proof of the assumptions: 'that's a heck of a grocery shop in one month' what are you doing now? Making fun of my situation? That isn't needed in my eyes!
No disrespect but I did put at the very top of the thread 'no nasty comments' didn't I?
All you have done is rip everything apart and made assumptions that aren't even true that I've said. Yes I'll admit that I've made some typos but it's not the end of the world.

I'm_not_going_into

DCFC79 wrote: »

Apologies not quite where I got focus from.

No worries :rotfl:

SeduLOUs

It seems that the vast majority of your debt existed long before husband lost his job. So if husband hadn't lost his job, it's probably fair to guess that the debt would have continued to accrue - this is why people are saying it is a blessing in disguise as it has forced you to stop and deal with it.

If you don't recognise that you were spending beyond your means, then it is inevitable that this will all happen again somewhere down the line. People giving you access to credit does not equate to living within your means. Living within your means is spending less than you earn, not borrowing and coming unstuck when something goes wrong.

We've all been there. The people posting are actually trying to be helpful.

I'm_not_going_into

SeduLOUs wrote: »

It seems that the vast majority of your debt existed long before husband lost his job. So if husband hadn't lost his job, it's probably fair to guess that the debt would have continued to accrue - this is why people are saying it is a blessing in disguise as it has forced you to stop and deal with it.

If you don't recognise that you were spending beyond your means, then it is inevitable that this will all happen again somewhere down the line. People giving you access to credit does not equate to living within your means. Living within your means is spending less than you earn, not borrowing and coming unstuck when something goes wrong.

We've all been there. The people posting are actually trying to be helpful.

I understand people are actually trying to be helpful and I agree (apart from one) who enjoys in my eyes picking faults in this thread. But hey! We're all entitled to our own opinion (like the one in particular, his opinion doesn't mean I have to listen to it)

SeduLOUs

I'm_not_going_into wrote: »

I understand people are actually trying to be helpful and I agree (apart from one) who enjoys in my eyes picking faults in this thread. But hey! We're all entitled to our own opinion (like the one in particular, his opinion doesn't mean I have to listen to it)

He (?) was trying to help. Your opening post suggested that the credit card debt was only amassed as a result of your husband losing his job. Without dates, his assumptions that this all happened very quickly after taking out car and sofa finance weren't unreasonable.

Regardless of the mixup, he was basically saying the same thing as me - most of the debt happened long before the job loss and was a disaster waiting to happen. That's what you need to realise. If you don't, it's highly likely that history will repeat itself when you are able to obtain credit again.

Job loss and other life events happen, and even the most savvy can come unstuck. But it's a lot easier to deal with if you are debt free and have some savings rather than starting on the back foot.

jackieblack

I'm_not_going_into wrote: »

How were we living above our means??
If I didn't have a good enough credit score the credit card, sofa, and car wouldn't have been accepted would they!!

Playing 'Devil's advocate' here, if you weren't 'living beyond your means' you wouldn't have needed the credit card, would have been able to pay cash for the sofa (and £2000 for a sofa?! :eek:) and would have had a good sum to put towards the car thus needing only a small loan, if any at all.

Living within your means includes setting money aside for big upcoming foreseeable purchases as well as unforeseen emergencies.

I'm_not_going_into

SeduLOUs wrote: »

He (?) was trying to help. Your opening post suggested that the credit card debt was only amassed as a result of your husband losing his job. Without dates, his assumptions that this all happened very quickly after taking out car and sofa finance weren't unreasonable.

Regardless of the mixup, he was basically saying the same thing as me - most of the debt happened long before the job loss and was a disaster waiting to happen. That's what you need to realise. If you don't, it's highly likely that history will repeat itself when you are able to obtain credit again.

Job loss and other life events happen, and even the most savvy can come unstuck. But it's a lot easier to deal with if you are debt free and have some savings rather than starting on the back foot.

I do understand to a certain extent. We have unfortunately hit a couple of hard times. Yes we are in debt. We have taken steps to correct this by going through StepChange.

I'm not going to give you a life story. But up until 4 months ago I was working full time taking home approximately £1200 a month. I am now only receiving SSP £385 a month. I am in the middle of a mental health crisis because I suffer from Severe Generalised Anxiety Disorder (even after a 7 days stay in a psychiatric hospital) I am desperately trying to cling on and any judgement I get I take to heart (I know I shouldn't) this is why I deliberately stated at the top *no nasty comments* but my illness is debilitating.
Even through all of this my husband (who yes, lost his job last year) is basically trying to work his do'dahs off while we still (I refer to earlier comment where I mention) we have NEVER missed a payment on the car or sofa (sofa down to £1100) I believe.

Anyone reading this, please do not think I am after sympathy or anything because I'm not

Placitasgirl

As you appear to have taken sensible steps in making contact with Step Change I'm really not sure what you hoped to achieve by posting on a public forum. As others have said your original post didn't pose any questions and therefore opened the door for comment and advice, which to be fair you seem to be seeking.

With mental health issues I don't think opening yourself up like this is helpful at all, particularly if you take other peoples thoughts, and what they perceive to be helpful comments and advice to heart.

I'd suggest asking that the thread be closed/decline to respond to any further posts and wish you luck with both your debt and health challenges.

SuperHan

I think we all appreciate you're in a difficult situation, however you still need to admit you were living beyond your means before you can fix your problems.


I just about live within my means - and maybe every now and then a little bit above them - and I pay my credit card off in full every month and don't have anything on finance (or if I do, it's on 0% and I have the money earning interest to pay it off at the end).


If you need to take something on credit (and especially build up a credit card balance) you are living beyond your means.


As the others have said - take your husband's job loss as a blessing in disguise to rectify your affairs. Stepchange is a great first step, but you have to admit that having such large credit balances is an indication of a bigger problem, and if you don't address that you may find yourself in the same position again in a few years time.