StepChange £150PCM DMP - Been Paying for 15yrs - all Old debts/scared and out of my depth

[London1971]

Honestly, the likes of Stepchange should have a government health warning on them. I'm a man of similar experience to yourselves n terms of debts and the best thing you could ever do is stop paying those bloodsuckers immediately, not another penny. None of this will have ANY influence on whether you can get a mortgage or not, it's way too old.

 

Providing they have your current address, just ignore all the begging letters that come through, the only thing that needs to be responded to is a PAP, letter before action, if, and it's a big if, one ever arrives.

[London1971]

Exactly as above, A better title for this thread would be 'Stepchange and your creditors out of their depth'

[London1971]

Perhaps, but I just got my first mortgage a couple of years back at 46. In terms of deposit, it's worth looking at help to buy, !

[London1971]

Whoever is 48 has 20 years left in the workforce, at least. It depends on your needs, and house prices where you want to move. Whilst you are effectively taking out a government backed loan for the deposit,  most people re mortgage after a couple of years in order to pay off the HTB loan, this, might only put your mortgage payments up by £50 per month.

 

I think this sounds bad to a lot of people but it could mean you might need to find £8k instead of £40k, for a deposit. Plus you could always look at shared ownership too!

[London1971]

Please ignore panic merchants. I assure you as DX says BOI / Post office will NEVER take you to court. As for the rest,, perhaps you will receive a PAP, but then you can defend. That's why we always say, make sure that your creditors have your current address. 

 

Your chance of receiving a PAP from any of the remaining one's is pretty small, just make sure you open all your mail and run anything that arrives past us.

[London1971]

On 06/10/2020 at 12:08, Bon-ee-bon said:

I am bracing myself for the arsenal of tricks these people will throw at me.

 

Let’s see what happens. B:)x

There won’t be an arsenal of tricks, likely very little will happen aside from a few angry letters.

 

They can get crafty and try ringing from a

legitimate looking number, so that you pick up. I have to answer my phone because it’s possible that it could be a customer. If it’s a DCA I’m always polite and tell them I can’t give out information over the phone, and if it’s important to send it in writing .