I have been flicking through some of my papers and to my horror it seems that a loan i took out in December 2007 only started taking payments in April 2008. This effectively means that I have only made one payment as the wheels came off my finances good and proper in May. Exactly how much trouble will i be in with the OR and is there any point in me making a couple of payments now so i've paid at least three???
I don't think the OR will worry too much about this unless you were aware of financial problems prior to the taking out of the loan. It is always going to be a risk with these deferred payment agreements as so much can change in a short period of time.
I think I'm in trouble
Posted - 22 September 2008 : 15:09:29
