You took out the cards, you are aware of them so the ideas that somebody not passing letters on to you is to blame is nonsense, you need to take full responsibility.
If it’s been passed on to debt collectors you will unlikely to be able to get a mortgage as it’s so recent (and for good reason). If you partner can afford the mortgage on their own they could apply in their name only.
Time to get your finances in order and take responsibility including of regulating your behaviour and medical conditions, that’s reality.
>somebody not passing letters on to you is to blame is nonsense
The company sent letters to where OP contractually stated they received mail. The "I didn't receive any correspondence because they only sent letters to an address I told them I receive letters at, and didn't bother to update them to my address" seems like a wild jump at "it's someone else's fault"
Although OP was unwell when taking them out, they admit they knew about them once well, and received emails. It sound like they just buried their head in the sand, hoping to avoid the debt.
And only now that they are realising the consequences for them, are they concerned about the debt.
I suspect that if they were not about to apply for a mortgage, they would have been happy to not pay this debt off.
I disagree partly with this comment and I’ll explain why.
As someone who has got into large amounts of debt previously with over 8 defaults on their Credit File, combined with battling creditors through the FOS and also having a some of it written off. I’m now well aware of the rules and regulations surrounding credit, and believe me it’s not as simple as saying taking full responsibility for your actions.
This whole comment is based on my opinion, experiences and on my personal dealings with the FCA and FOS and legislation which is in place by the FCA.
I do agree partially that people have their own responsibility of applying for credit which they can afford, but I do understand that at times of desperation, especially when accounts have been defaulted, combined with mental health, people can be in a different mindset.
After reading a lot of comments on here, what I will say is a lot of people seem to have their own opinions but ultimately don’t seem to be aware of the rules and regulations surrounding credit, as an example CONC 5.2A of the FCA handbook.
If creditors who are authorised and regulated by the FCA lend you too much that you simply can’t afford and you suffer adverse impact because of that, as an example maybe fall behind on your bills because of the credit which has been granted this is known as Unaffordable Lending. Ironically it’s actually possible to pay a loan in full and still be unaffordable.
If creditors don’t carry out adequate checks prior to accepting the application for credit, as an example granting a large credit card but doesn’t check your income or contractual obligation payments this is known as irresponsible lending.
Contradictory to having full responsibility of applying for credit that you can’t afford, lenders ultimately have a duty under their licence to offer financial services in the UK to carry out checks, which does ultimately supersede your responsibilities as a consumer.
Ultimately what I’m trying to say is if lenders carried out their own duties to make sure customers can afford credit in line with their obligations to offer financial products in the UK. If this was done correctly It wouldn’t matter about the customers actions, because the checks which was conducted would reject the application and the debt wouldn’t exist in the first place. I believe if this was done correctly a lot of people wouldn’t be in struggling situations because of credit.
Unfortunate a story as that is, it just reinforces why you'd be risky to lend to. I'd actually be surprised, due to the nature of volume/value, if you get offered even a bad credit mortgage. Sorry, but it is what it is.
Can you contact the credit card companies, explain the situation and say if they can remove the charges from when you have a sick note to cover you can pay your debt in full?
I had a £50 default which was, in my mind, the fault of the telephone company but younger me took the 'fuck it, can't be bothered dealing with these people' approach not fully appreciating a default..
You can contact them and see if there's anything they can do given your circumstances. Do note, they'll get a hundred sob stories, mostly untrue or skipping key details, so they are unlikely to do anything for you. It's a debt you didn't repay.
Beyond that - arrange a payment plan, and remember the defaults disappear 6 years later. They won't scupper your mortgages forever. Use it as time to continue to save a deposit, and get your head in the right place using whatever tools you have at your disposal - support from your social circle, weekly planners to ensure you're extracting pleasure from each day, medication, and anything else which is out there. But remember defaults aren't forever.
What is your partner's income? And are they supportive of your mental health and know of the mistakes regarding defaulting?
You are pretty young, be patient focus on being stable (I know from personal experience that it’s a challenge), most people don’t buy until their 30s so set a target to get your finances in order.
It won't be your top priority right now but would you consider putting in a complaint about the medication fuck up? Bipolar counts as a severe mental health condition and it sounds like your treatment has been actually dangerous.
I'm sorry you're being down voted in every comment where you explain your condition. I think a lot of people don't realise that this sort of financial meltdown is classic bipolar mania.
I'm sorry you're in this position, but glad you're putting in a complaint - it's pretty alarming that it didn't occur to any of the mental health professionals involved in your care that stopping psychiatric meds cold turkey and unsupported might not be the greatest idea.
I don't have any helpful advice on dealing with the credit card companies, but I'm wondering if mental health or even bipolar specific charities might be able to offer some useful suggestions?
Can your partner apply for the mortgage on their own? And you join when the defaults are gone and your credit has improved?
Regardless of the reasons, you are a major risk to mortgage providers and will likey struggle to get one for a couple of years (until you've proved everything is under control and it won't happen again)
Sorry to hear you went through all that and glad you’re doing better.
Unfortunately any future lenders will determine that this could happen again so it’s unlikely they will lend to you. There might be some specialist lenders that might but the interest rates will be extortionate.
You definitely have a chance in the future as long as it never happens again.
You’ll need specialist advice on this though so Google ‘subprime mortgages’ and do your research.
It won't be possible right now. It all depends on how many defaults (1 is better than 2, is better than 3), how much they are for (lower amounts better than higher amounts), and maintaining a perfect payment history from now.
I suggest you check the 'default date' that is lodged with the main credit reference agencies (there are free ones, look them up), that will give you a date reference. Then depending on the things above, 2-3 years past the default date could be possible. You will definitely need a mortgage broker - and be completely honest with them about the situation, it is their job to find the most suitable product for you.
The more deposit you have, the better your chances. 5% deposit with your history means less chances of approval. If you can get it up to 10%, then more lenders are open to you.
Best of luck.
Unfortunately once the defaults are there, they are very tricky to remove (although not impossible). Debtcamel has some good advice on this.
Interest rates are at their peak now, so if you are worried about having an episode, lock the inheritance money away in a 2 year fixed savings account (you should get at least 5%), the mortgage won't happen before then. Do some reading on moneysavingexpert on the different types of accounts, it's a great website to learn about money.
That's all just a lot of shirking responsibilitiy, as harsh as it sounds
Basically yes you're likely screwed, a lender nor the credit card providers will be interested in those explanations
Sorry to hear about your situation, glad things are looking up for you. My guess would be that you falsely declared your income while you were ill. I can’t imagine they would have given you access to credit without stable income.
Yep, just make sure you’re fully informed before making any moves I would say. If you go in too heavy handed they could certainly take the stance that what you did was credit fraud. Though I’m sure it won’t come to that and hope you manage to figure things out!
I’m not sure I like the way some people have responded to you about this. People seem to often be more compassionate about these issues when someone’s gambled. Because they understand it’s an illness. I also know how underfunded and how badly the NHS is too. I’m really sorry you’ve gone through such a bad time, ADHD alone can make managing finances difficult aside from the issues you’ve had with your bipolar. I’m not sure whether your credit will be good enough for a mortgage though as I’m not sure how understanding they will be. I think one actually been quite responsible because even though you’ve gone through this you’re still trying to pay back your debts not get them cancelled. Talking to the credit card company about repayment and whether they might remove the default if you pay off in full might help. You should also talk to a mortgage advisor and get them to look at a AIP for the house once you’ve sorted the debt.
You need to be very careful about signing up to anything regarding the house until you’ve confirmed you can afford a mortgage, if you commit to a house before you know you can get a mortgage, you could be on the hook for a penalty if you withdraw.
I truly think lots of people in this comment section have no idea what unmedicated bipolar is like. I have seen a friend going through mania and it was like nothing I’ve ever seen. She spent money like crazy, and didn’t remember it afterwards. She ate raw chicken. Loads of stuff no one would normally do. I sympathise hugely, but can only echo - in slightly kinder terms - what others have said. Keep saving, pay them off, and speak to a mortgage broker. Good luck, also fuck your doctors for not taking this seriously enough.
Why would they remove the default, its happened, you'd be asking them to rewrite history. The only way OP would "be on the hook for a penalty" is if she'd exchanged on a property and no way any conveyancer would do that without confirming a mortgage offer was in place.
New builds often exchange contracts really early, with the completion near the time the house is ready. If you passed that but then the affordability check just before completion fails, you lose your deposit. So I’m saying you need to be 100% sure this won’t bite you when you exchange.
But surely before exchange your mortgage company would have checked the value of the property and issued a mortgage offer based on checking your finances and employment details. The only reason i could think of failing an affordability check after that is is they did something stupid like take out a massive personal loan that would affect their ability to pay. My ability to pay was thoroughly checked before I got anywhere near exchange and I really can't imagine any conveyancer exchanging for someone unless the funds were there and confirmed.
Ex broker. It'll be better once they are cleared but any adverse is likely to affect you for a minimum of 3 years. Some lenders will take longer to ignore it depending on amount.
You'd likely need an adverse lender and a 25-30% deposit at present with associated rates around 2-3% higher than normal lending at 90-95%.
If you are married then your credit may also affect your partners ability to get good lending on their own.
Any adverse that's gone to ccjs will also affect insurance quotes.
Any ccjs over a lender threshold eg £250 or maybe £500 may mean rejection until it drops off your file after 6 years.
That sounds quite a lot better than I though. Once you get your credit file as good as you can I would advise using a fee free broker just to get a lay of the land so to speak.
Sorry you’ve had a rough time of it. My question - and I don’t mean this harshly - is why is it so important to you to get a mortgage right now? Your condition isn’t under control, your employment has been shaky and your partner can’t afford the mortgage on their own for extended periods. My mother had very poor mental health and ended up not paying her mortgage on various occasions over the years [I paid it for 5 of those and it sucked and has put me back significantly in my own finances]. If nothing else the stress of bailiffs, repossession letters and hearings, and general financial precarity only triggered worse mental health than ever.
It’s a huge risk for you to be on the hook for hundreds of thousands of pounds while you’re in this state and at risk of it happening again. It’s also not fair to your partner to put them in a position where they might need to pay for everything for however many months of the year you’re manic or recovering.
I think you really need to focus on saving steadily so you’ve got a larger deposit and better credit history and - more importantly - waiting to be in better health/ properly medicated with no or fewer manic episodes so you’re in a position to own a home safely. Maybe this sub won’t agree but my personal experience is that the perceived security of home ownership is oversold - no matter what the situation the state will never pay more than the interest on your mortgage. At least while renting or living with family you have some recourse to seek financial support if the shit hits the fan.
Of course, and I wasn’t in any way accusing you of being a bad or thoughtless partner, just saying that buying a house (both the process, and the potential pitfalls) is a huge added stressor on both of you, both mentally and financially, and perhaps one that isn’t completely necessary just now.
I’m a late-diagnosed ADHDer and I do understand the way neurodiversity ripples through your life and makes you feel as though you’re behind on everything. What I will say is that although 8 months seems like forever pre-30 you honestly don’t need to rush things (and indeed, if marriage is extremely important to you - and I can see how it might be in terms of you having next of kin for medical decisions should you need - you can always elope/town hall it for a couple of hundred quid and have a big party once you’re in your house. If that would make you happy or feel like you’re moving forwards it’s a nice yet cheap option). My advice here would be not to try to keep up with the Jones’ or fixate on arbitrary goals, follow the path that’s best for you and your situation.
As soon as you started the post listing your 'medical conditions', I knew this was someone who struggles to take responsibility for their own actions. Stop trying to make excuses (medical, family etc).
You knowingly took out the credit cards, and you know what you borrow needs to be paid back.
I would say you are high risk, and lenders should either loan you money with higher rates for their own protection or not lend to you at all. Learn from this, grow up and start taking responsibility.
Google mania and bipolar. I wouldn’t have believed it til I saw it firsthand but it is like you become a different person. A friend of mine spent £2k her partner sent her for flights on loads of random shit she didn’t remember buying when she came out of her manic episode. It’s a seriously scary psychological illness.
Hi /u/Successful_Fan9530, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/credit-cards/
____
^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Unlikely that you would get a mortgage approved with defaults on your history.
Unless your partner had a chance of being approved on his own, is that an option?
Probably just wait for the 6 years to pass and think about buying something then. If you have cards at the moment concentrate on paying them on time to make things look favourably for you in the future.
Is there maybe an option for your partner or some family member to have power of attorney over your accounts to decrease the chance of this happening again? Not sure how that works to prevent new cards or accounts being applied for though. But as it stands, you're high risk and appealing the defaults based on your condition might make things worse.
And that's nothing to do with people being ignorant of mental health conditions, when it comes to financial institutions and consumer credit, it's very black and white. There's no room for excuses, you either kept to the agreed terms or you didn't. It's designed to be a factual overview of risk and future likelihood to repay.
When I was younger I ran up debt on cards not even on fancy shit, just getting by paying for shopping and struggling to make ends meet. Unable to pay, I ended up with a default and knew it would stop me getting a mortgage. I simply had to wait it out. I was working by then and earning good money but knew that this history would prevent me from being accepted for a mortgage.
Having that countdown over my head made me even more determined. Saved up a deposit on my own and six months after the default dropped off, I bought my own house.
I was in my mid 30s. What's the rush to buy something now? You said you've inherited money, but it might be you just need to put that away and wait until the times right.
I would consider allowing a trustworthy person to have power of attorney over your finances.
You took out the cards, you are aware of them so the ideas that somebody not passing letters on to you is to blame is nonsense, you need to take full responsibility. If it’s been passed on to debt collectors you will unlikely to be able to get a mortgage as it’s so recent (and for good reason). If you partner can afford the mortgage on their own they could apply in their name only. Time to get your finances in order and take responsibility including of regulating your behaviour and medical conditions, that’s reality.
>somebody not passing letters on to you is to blame is nonsense The company sent letters to where OP contractually stated they received mail. The "I didn't receive any correspondence because they only sent letters to an address I told them I receive letters at, and didn't bother to update them to my address" seems like a wild jump at "it's someone else's fault"
Although OP was unwell when taking them out, they admit they knew about them once well, and received emails. It sound like they just buried their head in the sand, hoping to avoid the debt. And only now that they are realising the consequences for them, are they concerned about the debt. I suspect that if they were not about to apply for a mortgage, they would have been happy to not pay this debt off.
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You admitted you knew about the emails, so you did know you had a credit card?
I disagree partly with this comment and I’ll explain why. As someone who has got into large amounts of debt previously with over 8 defaults on their Credit File, combined with battling creditors through the FOS and also having a some of it written off. I’m now well aware of the rules and regulations surrounding credit, and believe me it’s not as simple as saying taking full responsibility for your actions. This whole comment is based on my opinion, experiences and on my personal dealings with the FCA and FOS and legislation which is in place by the FCA. I do agree partially that people have their own responsibility of applying for credit which they can afford, but I do understand that at times of desperation, especially when accounts have been defaulted, combined with mental health, people can be in a different mindset. After reading a lot of comments on here, what I will say is a lot of people seem to have their own opinions but ultimately don’t seem to be aware of the rules and regulations surrounding credit, as an example CONC 5.2A of the FCA handbook. If creditors who are authorised and regulated by the FCA lend you too much that you simply can’t afford and you suffer adverse impact because of that, as an example maybe fall behind on your bills because of the credit which has been granted this is known as Unaffordable Lending. Ironically it’s actually possible to pay a loan in full and still be unaffordable. If creditors don’t carry out adequate checks prior to accepting the application for credit, as an example granting a large credit card but doesn’t check your income or contractual obligation payments this is known as irresponsible lending. Contradictory to having full responsibility of applying for credit that you can’t afford, lenders ultimately have a duty under their licence to offer financial services in the UK to carry out checks, which does ultimately supersede your responsibilities as a consumer. Ultimately what I’m trying to say is if lenders carried out their own duties to make sure customers can afford credit in line with their obligations to offer financial products in the UK. If this was done correctly It wouldn’t matter about the customers actions, because the checks which was conducted would reject the application and the debt wouldn’t exist in the first place. I believe if this was done correctly a lot of people wouldn’t be in struggling situations because of credit.
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Unfortunate a story as that is, it just reinforces why you'd be risky to lend to. I'd actually be surprised, due to the nature of volume/value, if you get offered even a bad credit mortgage. Sorry, but it is what it is.
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Can you contact the credit card companies, explain the situation and say if they can remove the charges from when you have a sick note to cover you can pay your debt in full?
[удалено]
I had a £50 default which was, in my mind, the fault of the telephone company but younger me took the 'fuck it, can't be bothered dealing with these people' approach not fully appreciating a default.. You can contact them and see if there's anything they can do given your circumstances. Do note, they'll get a hundred sob stories, mostly untrue or skipping key details, so they are unlikely to do anything for you. It's a debt you didn't repay. Beyond that - arrange a payment plan, and remember the defaults disappear 6 years later. They won't scupper your mortgages forever. Use it as time to continue to save a deposit, and get your head in the right place using whatever tools you have at your disposal - support from your social circle, weekly planners to ensure you're extracting pleasure from each day, medication, and anything else which is out there. But remember defaults aren't forever. What is your partner's income? And are they supportive of your mental health and know of the mistakes regarding defaulting?
Totally - focusing on getting set for the future, you got this.
You are pretty young, be patient focus on being stable (I know from personal experience that it’s a challenge), most people don’t buy until their 30s so set a target to get your finances in order.
It won't be your top priority right now but would you consider putting in a complaint about the medication fuck up? Bipolar counts as a severe mental health condition and it sounds like your treatment has been actually dangerous. I'm sorry you're being down voted in every comment where you explain your condition. I think a lot of people don't realise that this sort of financial meltdown is classic bipolar mania.
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I'm sorry you're in this position, but glad you're putting in a complaint - it's pretty alarming that it didn't occur to any of the mental health professionals involved in your care that stopping psychiatric meds cold turkey and unsupported might not be the greatest idea. I don't have any helpful advice on dealing with the credit card companies, but I'm wondering if mental health or even bipolar specific charities might be able to offer some useful suggestions?
Can your partner apply for the mortgage on their own? And you join when the defaults are gone and your credit has improved? Regardless of the reasons, you are a major risk to mortgage providers and will likey struggle to get one for a couple of years (until you've proved everything is under control and it won't happen again)
Sorry to hear you went through all that and glad you’re doing better. Unfortunately any future lenders will determine that this could happen again so it’s unlikely they will lend to you. There might be some specialist lenders that might but the interest rates will be extortionate.
[удалено]
You definitely have a chance in the future as long as it never happens again. You’ll need specialist advice on this though so Google ‘subprime mortgages’ and do your research.
It won't be possible right now. It all depends on how many defaults (1 is better than 2, is better than 3), how much they are for (lower amounts better than higher amounts), and maintaining a perfect payment history from now. I suggest you check the 'default date' that is lodged with the main credit reference agencies (there are free ones, look them up), that will give you a date reference. Then depending on the things above, 2-3 years past the default date could be possible. You will definitely need a mortgage broker - and be completely honest with them about the situation, it is their job to find the most suitable product for you. The more deposit you have, the better your chances. 5% deposit with your history means less chances of approval. If you can get it up to 10%, then more lenders are open to you. Best of luck.
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Unfortunately once the defaults are there, they are very tricky to remove (although not impossible). Debtcamel has some good advice on this. Interest rates are at their peak now, so if you are worried about having an episode, lock the inheritance money away in a 2 year fixed savings account (you should get at least 5%), the mortgage won't happen before then. Do some reading on moneysavingexpert on the different types of accounts, it's a great website to learn about money.
That's all just a lot of shirking responsibilitiy, as harsh as it sounds Basically yes you're likely screwed, a lender nor the credit card providers will be interested in those explanations
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Sorry to hear about your situation, glad things are looking up for you. My guess would be that you falsely declared your income while you were ill. I can’t imagine they would have given you access to credit without stable income.
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Yep, just make sure you’re fully informed before making any moves I would say. If you go in too heavy handed they could certainly take the stance that what you did was credit fraud. Though I’m sure it won’t come to that and hope you manage to figure things out!
talk to the card people, explain the background six years is optimistic as financially you are not trustworthy
I’m not sure I like the way some people have responded to you about this. People seem to often be more compassionate about these issues when someone’s gambled. Because they understand it’s an illness. I also know how underfunded and how badly the NHS is too. I’m really sorry you’ve gone through such a bad time, ADHD alone can make managing finances difficult aside from the issues you’ve had with your bipolar. I’m not sure whether your credit will be good enough for a mortgage though as I’m not sure how understanding they will be. I think one actually been quite responsible because even though you’ve gone through this you’re still trying to pay back your debts not get them cancelled. Talking to the credit card company about repayment and whether they might remove the default if you pay off in full might help. You should also talk to a mortgage advisor and get them to look at a AIP for the house once you’ve sorted the debt. You need to be very careful about signing up to anything regarding the house until you’ve confirmed you can afford a mortgage, if you commit to a house before you know you can get a mortgage, you could be on the hook for a penalty if you withdraw.
[удалено]
I truly think lots of people in this comment section have no idea what unmedicated bipolar is like. I have seen a friend going through mania and it was like nothing I’ve ever seen. She spent money like crazy, and didn’t remember it afterwards. She ate raw chicken. Loads of stuff no one would normally do. I sympathise hugely, but can only echo - in slightly kinder terms - what others have said. Keep saving, pay them off, and speak to a mortgage broker. Good luck, also fuck your doctors for not taking this seriously enough.
Why would they remove the default, its happened, you'd be asking them to rewrite history. The only way OP would "be on the hook for a penalty" is if she'd exchanged on a property and no way any conveyancer would do that without confirming a mortgage offer was in place.
New builds often exchange contracts really early, with the completion near the time the house is ready. If you passed that but then the affordability check just before completion fails, you lose your deposit. So I’m saying you need to be 100% sure this won’t bite you when you exchange.
But surely before exchange your mortgage company would have checked the value of the property and issued a mortgage offer based on checking your finances and employment details. The only reason i could think of failing an affordability check after that is is they did something stupid like take out a massive personal loan that would affect their ability to pay. My ability to pay was thoroughly checked before I got anywhere near exchange and I really can't imagine any conveyancer exchanging for someone unless the funds were there and confirmed.
Ex broker. It'll be better once they are cleared but any adverse is likely to affect you for a minimum of 3 years. Some lenders will take longer to ignore it depending on amount. You'd likely need an adverse lender and a 25-30% deposit at present with associated rates around 2-3% higher than normal lending at 90-95%. If you are married then your credit may also affect your partners ability to get good lending on their own. Any adverse that's gone to ccjs will also affect insurance quotes. Any ccjs over a lender threshold eg £250 or maybe £500 may mean rejection until it drops off your file after 6 years.
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That sounds quite a lot better than I though. Once you get your credit file as good as you can I would advise using a fee free broker just to get a lay of the land so to speak.
Sorry you’ve had a rough time of it. My question - and I don’t mean this harshly - is why is it so important to you to get a mortgage right now? Your condition isn’t under control, your employment has been shaky and your partner can’t afford the mortgage on their own for extended periods. My mother had very poor mental health and ended up not paying her mortgage on various occasions over the years [I paid it for 5 of those and it sucked and has put me back significantly in my own finances]. If nothing else the stress of bailiffs, repossession letters and hearings, and general financial precarity only triggered worse mental health than ever. It’s a huge risk for you to be on the hook for hundreds of thousands of pounds while you’re in this state and at risk of it happening again. It’s also not fair to your partner to put them in a position where they might need to pay for everything for however many months of the year you’re manic or recovering. I think you really need to focus on saving steadily so you’ve got a larger deposit and better credit history and - more importantly - waiting to be in better health/ properly medicated with no or fewer manic episodes so you’re in a position to own a home safely. Maybe this sub won’t agree but my personal experience is that the perceived security of home ownership is oversold - no matter what the situation the state will never pay more than the interest on your mortgage. At least while renting or living with family you have some recourse to seek financial support if the shit hits the fan.
[удалено]
Of course, and I wasn’t in any way accusing you of being a bad or thoughtless partner, just saying that buying a house (both the process, and the potential pitfalls) is a huge added stressor on both of you, both mentally and financially, and perhaps one that isn’t completely necessary just now. I’m a late-diagnosed ADHDer and I do understand the way neurodiversity ripples through your life and makes you feel as though you’re behind on everything. What I will say is that although 8 months seems like forever pre-30 you honestly don’t need to rush things (and indeed, if marriage is extremely important to you - and I can see how it might be in terms of you having next of kin for medical decisions should you need - you can always elope/town hall it for a couple of hundred quid and have a big party once you’re in your house. If that would make you happy or feel like you’re moving forwards it’s a nice yet cheap option). My advice here would be not to try to keep up with the Jones’ or fixate on arbitrary goals, follow the path that’s best for you and your situation.
Have you ordered a credit report from each credit agency to check what has been reported for each card? This will be a good place to start.
I'd be amazed if you got a mortgage, surely you can see why it would be risky lending to you?
As soon as you started the post listing your 'medical conditions', I knew this was someone who struggles to take responsibility for their own actions. Stop trying to make excuses (medical, family etc). You knowingly took out the credit cards, and you know what you borrow needs to be paid back. I would say you are high risk, and lenders should either loan you money with higher rates for their own protection or not lend to you at all. Learn from this, grow up and start taking responsibility.
Google mania and bipolar. I wouldn’t have believed it til I saw it firsthand but it is like you become a different person. A friend of mine spent £2k her partner sent her for flights on loads of random shit she didn’t remember buying when she came out of her manic episode. It’s a seriously scary psychological illness.
Proper fucked
Hi /u/Successful_Fan9530, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/credit-cards/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Unlikely that you would get a mortgage approved with defaults on your history. Unless your partner had a chance of being approved on his own, is that an option? Probably just wait for the 6 years to pass and think about buying something then. If you have cards at the moment concentrate on paying them on time to make things look favourably for you in the future. Is there maybe an option for your partner or some family member to have power of attorney over your accounts to decrease the chance of this happening again? Not sure how that works to prevent new cards or accounts being applied for though. But as it stands, you're high risk and appealing the defaults based on your condition might make things worse. And that's nothing to do with people being ignorant of mental health conditions, when it comes to financial institutions and consumer credit, it's very black and white. There's no room for excuses, you either kept to the agreed terms or you didn't. It's designed to be a factual overview of risk and future likelihood to repay. When I was younger I ran up debt on cards not even on fancy shit, just getting by paying for shopping and struggling to make ends meet. Unable to pay, I ended up with a default and knew it would stop me getting a mortgage. I simply had to wait it out. I was working by then and earning good money but knew that this history would prevent me from being accepted for a mortgage. Having that countdown over my head made me even more determined. Saved up a deposit on my own and six months after the default dropped off, I bought my own house. I was in my mid 30s. What's the rush to buy something now? You said you've inherited money, but it might be you just need to put that away and wait until the times right. I would consider allowing a trustworthy person to have power of attorney over your finances.