J's Mum Posted April 16, 2013 Author Share Posted April 16, 2013 I'd had the thought that I'd use the money I'm paying off the debts to put into savings and get a deposit that way, I'm paying £450 a month so it will add up quite quickly Link to comment Share on other sites More sharing options...
Parvo Posted April 16, 2013 Share Posted April 16, 2013 There's no way on earth I'm going back to debt. I've struggled for to long and I'm never doing it again good for you.... you mentioned saving - its highly unlikely the interest would be as high as the interest you are paying on your debt.....so better financially to pay off some debt get a calculator and do some sums Link to comment Share on other sites More sharing options...
GoLdFInGeR Posted April 16, 2013 Share Posted April 16, 2013 I'd had the thought that I'd use the money I'm paying off the debts to put into savings and get a deposit that way' date=' I'm paying £450 a month so it will add up quite quickly[/quote'] Applying for a mortgage with unsettled defaulted debt is probably not going to result in your mortgage being approved. It won't be easy even if your debts are satisfied as they will still show on your record for 6 years but at least possible if you can say you've now settled them. Link to comment Share on other sites More sharing options...
J's Mum Posted April 16, 2013 Author Share Posted April 16, 2013 Thank you, I think il give the company's a call tomorrow and see where it leads me ---------- Post added 17-04-2013 at 21:48 ---------- Feel amazing today, paid 3 debts off only 1 to go Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.