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panda51

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About panda51

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  1. Yes i went to see CAB in person. Spoke to national debtline, and business debt line last year, cccs... Its complex they all say... as it is treated as Business debts ( outside of remit of CAB, NDL) Also with 2 of the properties in Scotland, it is further complicated..... The mortgage company for the Scottish properties have not yet repossessed... I am in huge arrears. Lender is the TMB, based in England. The reason they have not yet repossessed is due to huge admin cock-ups on their part, which have bought me time... eventually they either will, or i have to try to sell myself, but
  2. Ford, My residental property in has a little bit of equity- maybe 20000. 2 of my buy to lets in England also have a bit of equity, say 30000.So i maybe have 50000 equity in total. I have 2 great tenants. i am paying these 3 mortgages, no arrears. The rent on these 2 buy to lets covers all 3 mortgages. If i just had these i would be fine..... However the big problem is i have 2 buy to let properties in Scotland... these are with lenders closed to new business so on 4.85%, cant remortgage as there is negative equity of a large sum ( in region of 100000 each property), and of course,
  3. The bigger picture - (I have Residential house and 4 buy to let properties, so 5 mortgages in total, but the monthly income from these does not cover the monthly mortgages, and overall all combined together ( total property values minus total mortgages), there is a huge amount of negative equity. I have no earned income due to ill health.). They class this a business debts i believe, where do i go please to get help with this?
  4. Ok i will look. Thank you so much for your help. Do you think requesting this will annoy the card companies who for now are accepting this £1 per month? I dont want to rock the boat, til i work out what i can do....
  5. hmmm... forgive my ignorance, what is the purpose of a CCA request? How does it help me? I read what it is....
  6. Hello Ford, So are you saying that after 6 years, even though it no longer shows on my credit file, the card companies can still sue me, and then get a CCJ and then it goes back on my credit file for the same debt for another 6 years? So keeps going on and on?
  7. Hello, Thanks for your email. My situation is a lot more complicated that just this, but i didn't want to confuse things. The credit cards are the one area I have 'dealt' with for now, with the £1 per month payments... so i wanted clarity on that first please if anyone knows. The total debt on these cards and bank accounts is approx. £130,000. (I have Residential house and 4 buy to let properties, so 5 mortgages in total, but the monthly income from these does not cover the monthly mortgages, and overall all combined together ( total property values minus total mortgage
  8. Hello, this is my first ever post!!!! I am looking to clarify some information i have heard please if anyone can help. I got into and am still in a big financial mess due to long term ill health and not being able to work. I had 13 credit cards and 4 bank accounts that all defaulted about 2 years ago. They are with all the main institutions... Halifax, RBS, MBNA , Barclaycard, HSBC etc. I have standing orders set up paying them all £1 per month, as advised by the debt charities i spoke to. All have frozen interest and charges, and have not sold on the debt due to my ill health. Thi
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