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| T O P I C R E V I E W |
| Robert.ty |
Posted - 30 January 2010 : 16:51:47
Hi i used to have a morgage with Northern Rock the dreaded together morgage, and i wasnt stupid or greedy, i had a really good job at the time and could easily make the payments but i didnt have a deposit saved.
Shortly after i got made redundent, but managed to survive until the end of the morgage.
Due to Northern rocks hi interest rates i was forced to move my morgage to cheltenham and gloucester, but they wouldnt take on the unsecured part of the together morgage.
So now i have a morgage with c&g 100% and i still am paying the unsecured part of northern rock 30K over 30yrs interest only £330 a month!!! because they doubled the interest.
I have spoke to them to try and get help but they wont do anything about it they have told me to get a loan with someone else, but i cant no one in their right mind would lend me this amount of money with the debt i now have and pretty much no equity, so im stuck with this huge unsecured debt for many years and lots of interest!
I cant go through debt management as my partner is in the police force and this doesnt go down well when vetted yearly... is there anything i can do, especially as the loan is unsecured? thank you look forward to your responce. |
| 2 L A T E S T R E P L I E S (Newest First) |
| Richard P |
Posted - 31 January 2010 : 12:02:10
Hi Robert.ty
If your partner is in one of the specialised squads yes they will vet him, if he is run of the mill CID , Uniform or traffic, it is unlikely that they will vet him.
The police regs are quite tight on BR and debts, however they would much rather that he / you took appropriate steps to manage or control the debts rather than allowing them to escalate. getting another loan to clear another loan is unfortuantly a vicious downwards circle.
The federation are very helpful, they will refer your partner on to one of two companies, one of those companies posts on this forum. (paul @ reviva). they have helped lots of police officers not only with BR but all aspects of debt solutions
if you do enter in to a DMP, it is unlikely that the force would see this as a negative step.
The force would obviously want to check that the debt is not caused by any form of addiction.
regards Richard
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| Niobe |
Posted - 30 January 2010 : 17:08:26
Hi,
Your debts will not reflect on your partner's position with the police force. As far as I know, you do not get vetted yearly, at least the force I work for doesn't do that.
I suggest that you need to speak to a professional. I would recommend visiting www.iva.com for a list of companies and reviews. Give one or two of them a ring, explain the circumstances and you will receive free and impartial advice as to all the options to you.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
xx |
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