Saving for a deposit

rachelheels

FTB_Help said:

100% agree with vikipollard and Thrugelmir, the whole house buying/ mort app is so stressful, trust me you don't want things like this looming over  - you will be constantly worried and thinking what if through out the whole process and don't want your dream house to be taken off you at the last minute for £8k.
And as vikipollard said if you're in a place where you can save 50k in 3 yrs then surely you should do the right thing and pay off your debts

I would normally agree with you and we are repaying all of our other debts in full 

the way this was handled though was appalling and unfair and I would rather go to prison than lay this debt. 

Once the ccj drops off my credit file I don’t see how it can come back to bite me


im not giving them a penny under any circumstance 

MFWannabe

rachelheels said:

FTB_Help said:

100% agree with vikipollard and Thrugelmir, the whole house buying/ mort app is so stressful, trust me you don't want things like this looming over  - you will be constantly worried and thinking what if through out the whole process and don't want your dream house to be taken off you at the last minute for £8k.
And as vikipollard said if you're in a place where you can save 50k in 3 yrs then surely you should do the right thing and pay off your debts

I would normally agree with you and we are repaying all of our other debts in full 

the way this was handled though was appalling and unfair and I would rather go to prison than lay this debt. 

Once the ccj drops off my credit file I don’t see how it can come back to bite me


im not giving them a penny under any circumstance 

rachelheels said:

FTB_Help said:

100% agree with vikipollard and Thrugelmir, the whole house buying/ mort app is so stressful, trust me you don't want things like this looming over  - you will be constantly worried and thinking what if through out the whole process and don't want your dream house to be taken off you at the last minute for £8k.
And as vikipollard said if you're in a place where you can save 50k in 3 yrs then surely you should do the right thing and pay off your debts

I would normally agree with you and we are repaying all of our other debts in full 

the way this was handled though was appalling and unfair and I would rather go to prison than lay this debt. 

Once the ccj drops off my credit file I don’t see how it can come back to bite me


im not giving them a penny under any circumstance 

From what I’ve read on your other other threads I think you handled it really badly at the time OP. They took a direct debit a day early and refused to pay you any charges. You had a blazing row with them and ignored them afterwards. 

Also on another thread last month you had to take a prepayment meter has you’d racked up a huge gas bill of £5,500 through ignoring supplier, but you blamed the supplier for letting this rack up to so much. 

You and your husband need to take responsibility for your complete lack of money management, especially as you’re hoping to get a mortgage. I’m sure any lender is not going to look favourably at someone like yourselves who choose not to pay and ignore things 
No doubt you won’t like what I’ve said but there we go, truth hurts 
I really hope you have got your heads together regarding money matters but unfortunately I don’t think you have when you make comments like above 
Good Luck, you’ll need it 

Redwino222

I am really shocked that you will be able to get a mortgage with your credit history

i assume you have checked this out? Even if you do get a mortgage will it not be very expensive, you must be seen a a very high risk borrower.  I worry about being a few days late once when I forgot about a next bill.  

rachelheels

By 2023 when we apply we’ll have a deposit and all we’ll have on our credit files is a few defaults for low values.

by 2024 if it comes to it, we’ll have an even bigger deposit and only 3 defaults

 

grumiofoundation

rachelheels said:

Vikipollard said:

And if they do enforce, though you say you have no assets, you will have to declare your premium bonds savings, or surely that is fraud.  But you already intend to not mention the CCJ(s) in your mortgage application from your previous posts, even though you have been told they may ask "Have you ever had a CCJ".
If you can afford to save £50k in three years (on the salaries you state you and your husband earn), then do the right thing and pay off your debt.

I’ve never in my life heard of a bailiff asking what assets I have, I’ve encountered a few over other issues and never been asked this.

So easy solution is we put the bonds into the kids names :-)

How will you then use this money for your deposit?

Redwino222

I have just read some of your other threads.  You seem to be in severe financial difficulty, and struggle to manage bills and debt regularly.  It’s great you are saving now, but can you and your husband really keep on top of things?

have you spoken to debt management charities to try and improve to your personal finances?  I really wouldn’t recommend taking on a mortgage, you would risk losing your home.

MWT

... and having read the other threads I certainly wouldn't suggest your plan to commit fraud by not including the unsatisfied CCJ in your answers to relevant questions from lenders as a good way to go either.

Just because it isn't easy for them to find out about the CCJ doesn't mean it is impossible...

I do wish you both success in turning things around, but a good part of ensuring you don't get into such a bad position again in the future is accepting your own responsibility for the mistakes you've made in the past and cleaning up what you owe.

Blaming everyone else for your poor judgement is a pattern of behaviour you don't seem to have broken yet, perhaps it would be good to do that before trying to take on a mortgage...

FTB_Help

MWT said:

... and having read the other threads I certainly wouldn't suggest your plan to commit fraud by not including the unsatisfied CCJ in your answers to relevant questions from lenders as a good way to go either.

Just because it isn't easy for them to find out about the CCJ doesn't mean it is impossible...

I do wish you both success in turning things around, but a good part of ensuring you don't get into such a bad position again in the future is accepting your own responsibility for the mistakes you've made in the past and cleaning up what you owe.

Blaming everyone else for your poor judgement is a pattern of behaviour you don't seem to have broken yet, perhaps it would be good to do that before trying to take on a mortgage...

I second this.
You don't want to get to 2023/2024, find your dream home, put an offer in, get it accepted, then get declined at the mortgage application stage (when I was applying for my mortgage I was on tenterhooks, I constantly worried I might not get accepted - even with my squeaky clean, never missed a payment credit history, I really did not want to lose out on my home)

From the sound of it you do have a history or racking up high debts and turning a blind eye to it and hoping it will "fall off" your record.
I understand you're really trying to sort everything out now but you won't be able to move forward without sorting out all your past debts - yes you really messed up on how you handled it in the past, but you have face up to it NOW, you are very defensive about some comments left for you but truth hurts, unfortunately your past selves is making it so much harder for you now and you have no one to blame but yourselves. 

Vikipollard

MFWannabe said:

rachelheels said:

FTB_Help said:

100% agree with vikipollard and Thrugelmir, the whole house buying/ mort app is so stressful, trust me you don't want things like this looming over  - you will be constantly worried and thinking what if through out the whole process and don't want your dream house to be taken off you at the last minute for £8k.
And as vikipollard said if you're in a place where you can save 50k in 3 yrs then surely you should do the right thing and pay off your debts

I would normally agree with you and we are repaying all of our other debts in full 

the way this was handled though was appalling and unfair and I would rather go to prison than lay this debt. 

Once the ccj drops off my credit file I don’t see how it can come back to bite me


im not giving them a penny under any circumstance 

rachelheels said:

FTB_Help said:

100% agree with vikipollard and Thrugelmir, the whole house buying/ mort app is so stressful, trust me you don't want things like this looming over  - you will be constantly worried and thinking what if through out the whole process and don't want your dream house to be taken off you at the last minute for £8k.
And as vikipollard said if you're in a place where you can save 50k in 3 yrs then surely you should do the right thing and pay off your debts

I would normally agree with you and we are repaying all of our other debts in full 

the way this was handled though was appalling and unfair and I would rather go to prison than lay this debt. 

Once the ccj drops off my credit file I don’t see how it can come back to bite me


im not giving them a penny under any circumstance 

From what I’ve read on your other other threads I think you handled it really badly at the time OP. They took a direct debit a day early and refused to pay you any charges. You had a blazing row with them and ignored them afterwards. 

Also on another thread last month you had to take a prepayment meter has you’d racked up a huge gas bill of £5,500 through ignoring supplier, but you blamed the supplier for letting this rack up to so much. 

You and your husband need to take responsibility for your complete lack of money management, especially as you’re hoping to get a mortgage. I’m sure any lender is not going to look favourably at someone like yourselves who choose not to pay and ignore things 
No doubt you won’t like what I’ve said but there we go, truth hurts 
I really hope you have got your heads together regarding money matters but unfortunately I don’t think you have when you make comments like above 
Good Luck, you’ll need it 

Totally agree. 
So... £8k CCJ for a car you chose not to pay for
£5.5k CCJ for electric you used, but didn't pay for - and somehow it's their fault
Multiple defaults.
2 other CCJs that you allude to in this or another thread.
You have an appalling attitude to money you admit you owe, and just for good measure, you want to put your savings into your children's names in a bid to avoid the bailiffs finding out.  I hope that will mean you are unable to access the money, as the next thread will be how the mortgage company should be paying you compensation for lending money to you when you clearly have a history of not paying back, and your house if being repossessed.  Either that, or a CIFAS marker gets applied before you get your mortgage.