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    Hayley198787's Avatar
    Hayley198787 Posts: 3, Reputation: 1
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    #1

    Jun 22, 2008, 01:00 PM
    I cant afford to pay my morgtage, young single parent in debt
    Hello, I am in such a pickle and don't know where to turn for help/advice. I am 21 years and old and a single parent to a young child. I brought my house in 2006 with my ex partner. On the day of moving into the property we split up and since then I have lived alone in the property with my child.

    I have been paying the £620 morgtage on my own since Feb 07. I have now fallen two months behind on a full payments and also owe the bank (RBS) £200 in addition. I also had to obtain a IVA to reduce my loan payments down from £380 to £190 per month. I am now physically in the situation where I can not afford to pay the morgtage.

    I have contacted the bank and expalined my situation and they just stated I have to wait for the legal team. What does this mean? Am Ilikely to be evicted? Will this lead to bankruptcy? Will I owe them money if they auction the house off? And would the local council be willing to re house me and my child or would I need to rent somewhere. As if this does get worse I assume debt collectors will come to the house, would it be wise to move out asap and take any of my worthy good with me? Thank You Very Much. :confused:
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Jun 22, 2008, 09:48 PM
    Welcome to AMHD. You mentioned that you bought your house with your ex partner; is this person obligated on the loan and mortgage? Is this person the parent of your child? And, has your home been for sale?
    Hayley198787's Avatar
    Hayley198787 Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Jun 23, 2008, 01:18 AM
    Hello,

    My ex partner is my child's father, although neither of us have any contact for him. He pays no money towards to the property and gives me twenty pound a month through CSA for my child. He is not on the loans, although he previosuly was but I took a lone out to cover this as he was refusing to pay it and I couldn't afford to pay back the full instalment, so I got a cheaper deal and put it into my name.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #4

    Jun 23, 2008, 01:23 AM
    You need to contact the CCCS or National Debt Line as soon as possible as they will be able to assist with this issue and dealing with the bank..

    CCCS - Free Debt Advice from the UK's Leading Debt Charity
    National Debtline, for FREE CONFIDENTIAL and INDEPENDENT ADVICE call 0808 808 4000
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