Tweet
O.K, here goes....
I have copied my post from another forum, I hope I have explained my predicament well and it makes sense to someone.
I am hoping to understand what has happened in my chequered financial past as I am hoping to apply for jobs which require financial transparency and I need to make sure I say the right things.... Llife was bad to me in the past, here's hoping I can make amens!!!! ok so here it is... many thanks for reading....
----------------------------------------------------------------
Firstly, I am not proud of the content of this post. I know I have done wrong and have lived with that every waking hour of the last few years. Hindsight is a demon I've got to know quite well.
Right, here goes.
Back in 2007 my significant other and I took out a loan with a high street bank. We made prompt payments on this loan for the following 18 months.
12 Months after we took out the loan we discovered that we were going to have a baby. Our living arrangements meant that we had to move into a larger house and as such took a massive rent hike on board. Soon after my 60 hour a week job became a 39 hour a week job and money started getting tight. We struggled to get by and decided to visit the bank.
Here we discussed all our issues with the loan advisor and asked for help, asking if we could slow our loan down somehow. we were told our only option was to take out an emergency loan (higher value, longer repayment period, slightly lower monthly repayments). As we were due to have our baby, thus meaning my better half would be leaving work and losing most of her income) we felt we had to go ahead with it.
a few months after our baby was born my 39 hour a week job became 0 hours a week. Things were made all the more difficult by me not being able to recieve a rent benefit equal to what our rent was. Needless to say I found myself unable to continue with our loan repayments. The bank got angry. we went to the CAB.
Here we created a common financial statement and informed the bank we were seeking help.
They acknowledged this and asked for us to provide the cab with signed permission for them to access our details, and to provide a statement explaining our difficulties, and a copy of our common statement, which we did.
A month later we recieved a letter from the bank asking for a Signed authority, copy of the common statement and a statement of our difficulties. I wrote back saying this had been provided. At this point I became very fearful.
Another letter arrived a month later saying the same as above. we recieved the same letter for the next couple of months. By this point I had gone completely into hiding as I was terrified by what was going on.
then we lost our house (left our rented house).
We never heard from the Bank again. I hadn't informed them we had moved.
Recently I have been attempting to get my affairs in order. I have eventually cleared old priority debts etc.
As part of this I very recently paid for a full registry report on the address we lived in when we had the loan and also did the experian credit check.
Neither show any record of the bank pursuing us for the funds.
I cant imagine for a minute the loan has simply evaporated, but to have no record of the bank trying to find us? I have always kept the electoral register up to date and the Experian report has all of the addresses we lived at on it too.
Fear prevents me from calling the bank. the weight of all this has had a negetive effect on our health and I cant face that again. I am not quite in a position to afford large repayments yet, but if I know where I stand I can learn how to put the next foot forward.
I know what most of you think of me, it's nothing I haven't felt myself.
Thank you for any help or advice I might recieve.
I have copied my post from another forum, I hope I have explained my predicament well and it makes sense to someone.
I am hoping to understand what has happened in my chequered financial past as I am hoping to apply for jobs which require financial transparency and I need to make sure I say the right things.... Llife was bad to me in the past, here's hoping I can make amens!!!! ok so here it is... many thanks for reading....
----------------------------------------------------------------
Firstly, I am not proud of the content of this post. I know I have done wrong and have lived with that every waking hour of the last few years. Hindsight is a demon I've got to know quite well.
Right, here goes.
Back in 2007 my significant other and I took out a loan with a high street bank. We made prompt payments on this loan for the following 18 months.
12 Months after we took out the loan we discovered that we were going to have a baby. Our living arrangements meant that we had to move into a larger house and as such took a massive rent hike on board. Soon after my 60 hour a week job became a 39 hour a week job and money started getting tight. We struggled to get by and decided to visit the bank.
Here we discussed all our issues with the loan advisor and asked for help, asking if we could slow our loan down somehow. we were told our only option was to take out an emergency loan (higher value, longer repayment period, slightly lower monthly repayments). As we were due to have our baby, thus meaning my better half would be leaving work and losing most of her income) we felt we had to go ahead with it.
a few months after our baby was born my 39 hour a week job became 0 hours a week. Things were made all the more difficult by me not being able to recieve a rent benefit equal to what our rent was. Needless to say I found myself unable to continue with our loan repayments. The bank got angry. we went to the CAB.
Here we created a common financial statement and informed the bank we were seeking help.
They acknowledged this and asked for us to provide the cab with signed permission for them to access our details, and to provide a statement explaining our difficulties, and a copy of our common statement, which we did.
A month later we recieved a letter from the bank asking for a Signed authority, copy of the common statement and a statement of our difficulties. I wrote back saying this had been provided. At this point I became very fearful.
Another letter arrived a month later saying the same as above. we recieved the same letter for the next couple of months. By this point I had gone completely into hiding as I was terrified by what was going on.
then we lost our house (left our rented house).
We never heard from the Bank again. I hadn't informed them we had moved.
Recently I have been attempting to get my affairs in order. I have eventually cleared old priority debts etc.
As part of this I very recently paid for a full registry report on the address we lived in when we had the loan and also did the experian credit check.
Neither show any record of the bank pursuing us for the funds.
I cant imagine for a minute the loan has simply evaporated, but to have no record of the bank trying to find us? I have always kept the electoral register up to date and the Experian report has all of the addresses we lived at on it too.
Fear prevents me from calling the bank. the weight of all this has had a negetive effect on our health and I cant face that again. I am not quite in a position to afford large repayments yet, but if I know where I stand I can learn how to put the next foot forward.
I know what most of you think of me, it's nothing I haven't felt myself.
Thank you for any help or advice I might recieve.
I can't see what you've got to feel bad about and I would let sleeping dogs lie. You haven't said how much the loan was for, or how much you reckon is still owed, but is there a slim chance that the bank may have written it off? I know that sounds too good to be true but they do give up chasing sometimes.
Comment