Please help

[Never-In-Doubt]

Re: Please help

UE probably isn't an option here - let me have a proper read and i'll come back to you.

Too many people try and hide behind UE and unfortunately it is not always the way to go - NOT when you also have so many debts that are CCA1974 exempt (overdrafts etc) plus your house situ means if I was you, walking away and making a new start with £0 owing is the best option.

That was my original opinion and that opinion still stands. Let me have a proper read...

CAB Insolvency help is here: ---> http://www.citizensadvice.org.uk/ind...s_20060804.htm

National Debtline help here: ---> http://www.nationaldebtline.co.uk/en...=01_bankruptcy

ps BOTH the above services are free, confidential and independent.

[vicxzy]

Re: Please help

Thanks Elsie, the unenforcibility thing is interesting as my biggest debt, egg credit card was applied for online a very long time ago. They have already defaulted me & said my account remains open only for repayment purposes, how do I find a letter to send to them to request CCA? Thanks x

[vicxzy]

Re: Please help

Thanks Niddy, All I have felt strong enough to do so far is look on the CCCS websote & fill in their debt remedy tool, I was so scared of posting on a forum too.
Could u point me in the direction of insolvency info on here by any chance? Also if im bankrupt does my house get taken away & does it mean I cant keep my bank account?

Thanks x

[Elsie52]

Re: Please help

Hiya

Have you read this section on Uneforceability.

http://forums.all-about-debt.co.uk/showthread.php?t=4

If you have credit cards pre 2007 and you have already been defaulted on them it may be worth having a read of this.

[Never-In-Doubt]

Re: Please help

Have you actually spoken to a professional body about your problems, all in all it may be that a formal approach could be best here, ie insolvency.

I would be looking to speak to a proper debt advisory service such as CAB or National Debtline even, just for some neutral advice regards formally closing your debts - horrible word called bankruptcy.

As most the debts are relatively new, there isn't much we can expect from haggling repayments, it'd take forever and a day to clear so maybe just maybe you should consider the more formal approach and wipe the slate clean - it'll also benefit your health dramatically.

Best of Luck

Niddy

[vicxzy]

Re: Please help

Thanks Pixie, I hope ur ok x

[Pixie]

Re: Please help

I've just sent a message to the moderators who might not have seen this thread to see if they could come up with any more advice. I'm not feeling too well today myself.

[vicxzy]

Re: Please help

Totally stuck & baffled by the whole thing!x

[Pixie]

Re: Please help

What a horrible situation !! xx

[vicxzy]

Re: Please help

Let him move out and get someone in to rent ? You can give cheap rent and still be better off.

Hi not sure if you saw before but my mgt company say they wont let me rent out as there is not enough equity in the property now x

[vicxzy]

Re: Please help

If the house sold tomorrow at the price its on for now I would get about 18k back (I put 60k in 9 years ago )but my debts are around 35k so I wouldnt be able to pay anything off, the house is now valued at 30k less than I paid for it 9 years ago its all just such a mess x

[billypre]

Re: Please help

Let him move out and get someone in to rent ? You can give cheap rent and still be better off.

[Pixie]

Re: Please help

Hi, Thanks, I have already reduced the house by 30k, any more than that & I wont be able to clear the mortgage, selling the house will not allow me to pay the debts there's nowehere near enough equity in it now the way house prices have gone...He pays less than half what he would pay in rent on the property, not sure if you saw my earlier post but hes threatening to move out & pay nothing towards it if I dont continue to pay half & that means the house will be reposessed, Im the one with the most to lose, none of the equity is his so he doesnt care anyway.
Also I have another 9 months on the lease in my current property & the penalty to leave it early is almost 6k, the mgt payments & rent payments are about the same so I wouldnt gain anything by leaving here & going there sadly. x

Sorry, I didn't see the post about him threatening to move out - it was made when I was having problems with my post disappearing.

What a bummer of a situation for you. Are you going to come out with anything even if the house sells tomorrow? Is it enough to be worth all the worry?

[vicxzy]

Re: Please help

Hi, Thanks, I have already reduced the house by 30k, any more than that & I wont be able to clear the mortgage, selling the house will not allow me to pay the debts there's nowehere near enough equity in it now the way house prices have gone...He pays less than half what he would pay in rent on the property, not sure if you saw my earlier post but hes threatening to move out & pay nothing towards it if I dont continue to pay half & that means the house will be reposessed, Im the one with the most to lose, none of the equity is his so he doesnt care anyway.
Also I have another 9 months on the lease in my current property & the penalty to leave it early is almost 6k, the mgt payments & rent payments are about the same so I wouldnt gain anything by leaving here & going there sadly. x

[Pixie]

Re: Please help

Just wrote a long reply then lost it because I timed out

Sorry to hear that you've been in hospital - hope things are better now.

I can understand (from personal experience) your reasons for not wanting to live in the house but would it not be worth it (financially and health-wise) for a short while until it's sold?

If it's been on the market for almost a year it would seem that it is priced too high to sell in the current climate. Again, financially and health-wise, would it not be worth it to reduce the price? Is your ex-husband doing something to discourage viewings? After all, it would seem that he has the most to gain if it doesn't sell.

How much does the ex pay towards the mortgage? It should be the same as it would cost him to rent a similar home.

Would the equity you have in the house cover your debts? You could consider unenforceability on your pre-2007 credit cards (overdrafts aren't covered by it) and then perhaps make full and final settlement offers once the house is sold.

You can find out when cards/loans were taken out and if they have been defaulted by getting a copy of your credit report.

Sorry if it seems like we're asking lots of questions. It's just that we're looking at all possibilities for you.