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i have a 44k debt and am with the cccs at the moment. i own a house with 10k equity. my dads on the mortgage so worried anything i do will affect his credit rating. what can i do???
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Re: help debt suffocating me
This is a weird one in that *usually* you would be linked to your dad, financially as a result of the joint mortgage - can you check your credit files (see here: ---> viewtopic.php?p=158#p158 ) and look under "financial associates" to see if you're linked, in which case you ought to forget UE until you create what is known as a financial disassociation with the 3 CRA's.Originally posted by peachaholic
However if you're not, and as it is simply a mortgage and not general day-to-day living (i.e. hubby/wife) then a link shouldn't really be created as it is clear you're financially independant (being you don't "live" as a couple with shared income) meaning anything you do, shouldn't affect his credit.
However, the fact you're on a DMP is the same, unless you make full payments to your debts then you'll still get late payment markers and defaults etc so it will have the same effect as if you went down the UE channels anyway.
I'd spend some time and read this to get an understanding of unenforceability (UE) and then if you want to proceed, read the guide below: ---> viewtopic.php?f=13&t=401
How to create a UE Diary: ---> viewtopic.php?p=6789#p6789I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!
If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk -
Re: help debt suffocating me
Niddy, I think this is a friend of mine who I said to seek your advice. Can you help her with advice if UE is not the way forward, or should I direct her elsewhere?Comment
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Re: help debt suffocating me
Cheers for letting me know matey - i've replied - just waiting for the OP to come back and let me know what they want to do.... ;-yOriginally posted by AnonymousAI'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!
If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.ukComment
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