6 Years on, 1 CCJ, 22 Defaults. Now a clean credit file.

Keano24

16 years in total in debt, bouncing from loan to credit card to payday loan and getting caught up in the vicious circle. The shame of being in that meeting with the mortgage broker with my unaware girlfriend (now wife), when our application was declined. The further shame of having to rely on her getting our mortgage on her own for the last 7 years. The thousands of unnecessary interest handed over. The devastating mental impact as a result of this and relationship damage.

Well today, my final default has dropped off after 6 years. In the last 3 years a further 21 have dropped off and 1 CCJ also dropped off and thankfully I am in a much better place financially, married with a 1 year old girl and in a lovely house. Some turnaround from that night sitting with the mortgage broker when it all came out.

I am proud of myself for turning the corner but more proud of my wife by sticking by me and keeping the family afloat.

No more payday loans, no more high interest, no more debt.

Malkytheheed

Keano24 said:

16 years in total in debt, bouncing from loan to credit card to payday loan and getting caught up in the vicious circle. The shame of being in that meeting with the mortgage broker with my unaware girlfriend (now wife), when our application was declined. The further shame of having to rely on her getting our mortgage on her own for the last 7 years. The thousands of unnecessary interest handed over. The devastating mental impact as a result of this and relationship damage.

Well today, my final default has dropped off after 6 years. In the last 3 years a further 21 have dropped off and 1 CCJ also dropped off and thankfully I am in a much better place financially, married with a 1 year old girl and in a lovely house. Some turnaround from that night sitting with the mortgage broker when it all came out.

I am proud of myself for turning the corner but more proud of my wife by sticking by me and keeping the family afloat.

No more payday loans, no more high interest, no more debt.

This is fantastic news. I hope you are really enjoy this new found relief. It's been a long and difficult road. But you did it! 

N.B. Conturary to some other, downright callous and trolling posters on this forum. This forum is not just a place to ask questions and seek help. It's a forum for discussion. and quite frankly to see a positive outcome like this is very nice and refreshing! Thanks for your post. May we have many more good news stories like this. 

RelievedSheff

Keano24 said:

16 years in total in debt, bouncing from loan to credit card to payday loan and getting caught up in the vicious circle. The shame of being in that meeting with the mortgage broker with my unaware girlfriend (now wife), when our application was declined. The further shame of having to rely on her getting our mortgage on her own for the last 7 years. The thousands of unnecessary interest handed over. The devastating mental impact as a result of this and relationship damage.

Well today, my final default has dropped off after 6 years. In the last 3 years a further 21 have dropped off and 1 CCJ also dropped off and thankfully I am in a much better place financially, married with a 1 year old girl and in a lovely house. Some turnaround from that night sitting with the mortgage broker when it all came out.

I am proud of myself for turning the corner but more proud of my wife by sticking by me and keeping the family afloat.

No more payday loans, no more high interest, no more debt.

Well done. I'm hoping that I can be in a similar situation next year when my final CCJ drops off my credit file in July. Although there will still be some credit card debt to deal with, getting that CCJ off my file will be the biggest weight off my shoulders.

Luckily we did manage to get a mortgage last year to secure our dream home. Not a good interest rate by any means but it secured our home and hopefully next year we can remortgage to a mainstream lender with a much better interest rate.

I can't wait for the day that I can say I am finally debt free.

Kiwistrawb1990

@dr_adidas01 rude and unnecessary trolling, have reported your comment.
OP, congratulations, I bet that's a huge relief for you, your story will definitely help to motivate others, thank you for sharing x

Keano24

dr_adidas01 said:

Ok so whats the question? I thought this forum was to ask questions and seek help?

dr_adidas01: You have an entire life to be an idiot. Why not take today off?

Cheers for the nice replies. Yeah it was mainly just posting my story as there are a million stories out there and if one or two are similar to how mine was a few years ago, then a bit of positivity never done anybody any harm.

onlyfoolsandparking

Credit to you @Keano24 you should feel proud of your own personal achievement, if even one person gets something positive from what you posted then it will have been worth your time writing it, I'm sure you agree

MEM62

dr_adidas01 said:

Keano24 said:

16 years in total in debt, bouncing from loan to credit card to payday loan and getting caught up in the vicious circle. The shame of being in that meeting with the mortgage broker with my unaware girlfriend (now wife), when our application was declined. The further shame of having to rely on her getting our mortgage on her own for the last 7 years. The thousands of unnecessary interest handed over. The devastating mental impact as a result of this and relationship damage.

Well today, my final default has dropped off after 6 years. In the last 3 years a further 21 have dropped off and 1 CCJ also dropped off and thankfully I am in a much better place financially, married with a 1 year old girl and in a lovely house. Some turnaround from that night sitting with the mortgage broker when it all came out.

I am proud of myself for turning the corner but more proud of my wife by sticking by me and keeping the family afloat.

No more payday loans, no more high interest, no more debt.

Ok so whats the question? I thought this forum was to ask questions and seek help?

And to offer hope and inspiration.

DebbyInDebt

Wow what a feeling that must be! Massive congratulations. I loved reading this, it's such an inspiration as I'm about 3 years away from where you are. I have 1 CCJ and 10 defaults I'm currently working on paying off, but in about 3 years they'll all be gone from my file and I cant wait for that day.

Hope you have a little celebration 

gmac2304

Keano24 said:

16 years in total in debt, bouncing from loan to credit card to payday loan and getting caught up in the vicious circle. The shame of being in that meeting with the mortgage broker with my unaware girlfriend (now wife), when our application was declined. The further shame of having to rely on her getting our mortgage on her own for the last 7 years. The thousands of unnecessary interest handed over. The devastating mental impact as a result of this and relationship damage.

Well today, my final default has dropped off after 6 years. In the last 3 years a further 21 have dropped off and 1 CCJ also dropped off and thankfully I am in a much better place financially, married with a 1 year old girl and in a lovely house. Some turnaround from that night sitting with the mortgage broker when it all came out.

I am proud of myself for turning the corner but more proud of my wife by sticking by me and keeping the family afloat.

No more payday loans, no more high interest, no more debt.

Well done!  I had a similar conversation with my boyfriend (now husband) not long after we met & were looking into mortgages.  I had mountains of credit card debt, one CCJ (due to drop off in Jan'21) and 4 defaults (the 'newest' one drops off Aug'21).  We're now in the process of buying our own house - I have minimal c/card debt (about £1.5k), the CCJ is satisfied & all defaults are settled. I can't wait to jump the final hurdle next year when the black marks disappear completely from my credit history...it's been a long 6yrs!