Good Luck Kerri
This how it went, the OR rung dead on the dot
,
House is valued at 84500 - less the mortgage of 76000 we would have to find that amount of equity to keep the house which is impossible so the house will go, we now need to find alternative housing which i will start today.
The car is valued at 4500 approx however the finance is 3800 outstanding the OR will not make a claim on the car as there is no financial gain it will be down to the finance company now whether we will be allowed to keep the car so will have to wait and see on that one. However i was told that the OR do not have to allow any money to continue with the payments,
As for making payments that is £0 as there is only £80 disposal income available. This time i made sure that i put all my expenditure down correctly.
Other than that is went ok, we had to explain why we had obtained the credit and what made us in a position that could no longer allows us to continue with payments etc, was told off for some credit that we obtained knowing that we were already struggling but i could not give any excuses and eccepted it.
So now we can make a fresh start it was the right decision for me to go BR but it had cost my family their home and that is high price to pay for my spending and something that i have to live with, but a lesson i will never forget and will never in my life time ever obtain credit.
I would like to thank everyone on this forum for their support and kind words
Take care
(I apologise for my keyboards poor spelling and grammar)
http://coco.blogs.iva.co.ukWe are made wise not by the recollection of our past, but by the responsibility for our future.
