That's what usually happens - they tend to 'forget' to update the records.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yes, one call tried to say we hadn't paid this months money to the c.c. but we knew we had and funnily enough they could see it on the account then. They then proceeded to ask more questions about who we had gone with for our IVA and whether we had a ref. number.
The future's bright, the future's debt free. In 72 months to be exact!
NR are the ones I am worried about, even though I have read some positive posts about them. We can't hide accounts or numbers from them because our mortgage is with them too.
The future's bright, the future's debt free. In 72 months to be exact!
SF - Barclays will bother you first before they pass the debt onto Mercers (who are part of Barclays).
It was a week after I missed my first Barclaycard payment that they started calling me.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We have our mortgage account, and I have an unsecured loan through NR. Of course the mortgage account is up to date, and NR are fully aware of our IVA proposal.
Now I have defaulted on the unsecured borrowing element with NR for the past 2 months, and yes I have been defaulted, and received 2 letters to this effect, but no phone calls.
NR do seem to be an advocate of IVA's, where this procedure will realise a better return for them - Im sure an expert will explain further.
heavydebt wrote:
NR are the ones I am worried about, even though I have read some positive posts about them. We can't hide accounts or numbers from them because our mortgage is with them too.
Hi SF, have they taken money from your mortgage payment to make up the loan? I have heard this is something they do.
We are on a 6 month payment break at the moment because we needed things fixing at home that we simply couldn't pay for. We were going to use the rest to pay a card off but soon realised that we are kidding ourselves if we think we can pay this off.
We spend all our money trying to pay everything that we have no money for shopping and petrol. I was always looking for ways to pay things off quicker by getting another loan and all I am really doing is moving it around, prolonging the problem.
The future's bright, the future's debt free. In 72 months to be exact!
No NR have not off-set mortgage payments to cover our unsecured loan. I do believe that this happens with the Together Mortgage product. Now my unsecured loan is a separate product from our mortgage so I do not think this would be allowed.
Do you have a Together Mortgage with NR?
We tried to kid ourselves that recycling credit would eventually steer us through our financial mess - guess what It didn't.
All that happened is our debt level spiraled upwards. The important thing is you have realised your situation, and are now seeking assistance.
Further borrowing will just prolong the inevitable.
Thanks SinkingFast, this forum has been a great comfort. I don't post much but I read every night. The support on here is wonderful and I get through the day a little bit easier knowing we are not the only ones.
We have a together mortgage. If only we knew then what we know now and hung on a couple more months. We would of ran a mile from that mortgage advisor.
The future's bright, the future's debt free. In 72 months to be exact!
NR, whilst supporting IVAs, do have a habit of asking for a further twelve months.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm not sure, hopefully one of the experts will be along shortly to help.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
