Homeless because of bad credit?

[pinnjnnn]

I can't find anywhere that will rent me a house as I have bad credit and fail the credit checks
I work but my credit history is bad.
Nobody I know owns property so can't be a guarantor
What am I meant to do?
I'm gonna have no where to live
Can these letting agents do this?

I can't get rid of the car because even if I did I would still owe it

It really isn’t the case that there’s no point in trying to pay off the CCJs. Getting them in the first place and then paying them off at least shows that you’ve taken responsibility and don’t intend to walk away from your debts. Not attempting to pay them back says the opposite.

Isn't welcome a company for people with poor credit rating?

So did you have a poor credit rating years ago?

Again, clear these debts. Then save for somewhere else to live.

Also OP think about your peace of mind. When I was 19/20 I got myself into a shit load of debt and I know it’s hell. I had genuinely no understanding of how much it impacts your life. I’ve recently satisfied my one and only CCJ and the emotional weight it lifted is immense, not to mention obviously the financial benefit of not having to pay out the monthly payment any more.

If you over pay your car loan you would pay it back quicker. It you are paying the minimum then you’ll end up paying huge amounts in interest.

We took out a car loan. We paid it back within 12 months so the 10000 only cost 11000. Your 4500 car is costing 11000 that’s crazy.

You could sell the car and do lump deposit to pay back what is owed.

I think you need to go and talk to someone about you finances and sort it out properly.

People keep saying why the nasty comments, I am tvseeen them just people telling people to live in real world,, unfortunately unless people face facts, Mumsnet comments are going to be low on nastiest they see.

OP you are getting a hard time here because most people (rightly) can't understand how your finances are so bad for so long living at home. If you want some more sympathetic suggestions then the Debt Free Wannabe forum on MoneySavingExpert.com is a great resource. However you need to be fully honest and open in your posts and accept that what you're aiming for is the long game. No babies for at least 5 years. You've got plenty time

I assume Violet that your comment was irony! Op might if she is luck (!) get a hostel space or a naff B & B especially if she is in London, A lot of councils are moving towards housing associations rather than council housing & they have strong rules on debts too so please op don't take this idea seriously. Children cost far more money than people assume & with your partner on self employed dealing with the new credit system....

*I got a car loan years ago to be able to buy a car.
I got it through welcome finance and it's £250 a month ..the car was worth £4,500 and I'm paying back over £11,000 *

There's your problem, Welcome Finance. You presumably already had poor credit and were left with their extortionate interest rates (69% not unusual) as the only loan option. Or you were too keen to take the car and took the finance offered by the garage.

You've done a PPI check for anything you may have been owed there? (Welcome went bust on their mis-sold PPI liabilities).

People are giving you shit for a number of reasons.
Your debt is for you to sort despite how it occurred.
You’re considering a baby in the not so distant future. How about paying your debts and getting some savings behind you first.
You got a car in finance, why couldn’t you drive an old banger for a while.

What people are seeing is somebody that still owes but wants the world given to them straight away. All these things you want are earned and privileges.
Your current choices would put you at risk of becoming a drain on taxpayers.
What’s to say you won’t lose this current job? Where’s your savings to help with maternity cover or do you expect to live off benefits?

Managing money should be taught in schools more. I’m sorry OP but you are a prime example of “entitled”.
Pay what you owe first.

I'm living with my mum but I'm 30 and feel slightly pathetic.

The only thing that's pathetic is your title 'homeless because of bad credit'

You have made some bad financial decisions. The car was madness- I drove a car worth £1000 until I was 47. Because I couldn't afford a better one, because I had a other priorities.

I drove that cat all over the country for work. It was perfectly fine.

You are only 30, so there is time turn it around. I had trouble with credit cards and had a bad credit rating at your age, so much so that when we bought our house I couldn't go on the mortgage.

I am now very good with money, so you can change your attitude. You really do need to learn your lesson.

I drove the car, not the cat! She wouldn't have liked that!

I'm really not entitled.
All I want is a place to call my own to start my own family.
That surely isn't too big of a want.

^All I want is a place to call my own to start my own family.
That surely isn't too big of a want.^

Then you work on making that happen and make sure you can support that family and have the means to secure a decent rental (because private renting is not secure, you can be asked to move with a couple of months notice in the majority of cases) before you procreate. You take responsibility for your bad credit and fix it first.

Of course you’re behaving entitled because you are looking for ways to get what you want now. If you could find a possible guarantor, I bet you would ask them.
That’s effectively asking people to help provide for you. You should provide for yourself!

You can’t have what you want because you have to earn it first. Clear your debts, build some savings and make some good life choices. It will take time, it will take patience and it will take some hard work.

Work 2 jobs until you get what you want if you want it quicker.

As a landlord, I wouldn’t take you on.
You need to grow up but I fear you won’t take heed as so many have said what I have said and yet you still feel you’re not asking much.

Well, if you have a child you're more likely to get council housing.

Have the baby and declare yourself homeless to the council. They will put you in temp accommodation for a bit and you should get housed no long after.

So really, getting pregnant would be your best bet.

That’s effectively asking people to help provide for you

A lot of landlords ask for a guarantor even when the potential tenant can afford to pay long term.

NotScrewingUpNow yes, brilliant advice.

I’m sure us taxpayers won’t mind funding the OP and her offspring because she of course have everything she wants straight away.

The system should be there to support people in a time of need or where they are helping themselves but need some support, not to supply ignorant and selfish lifestyle choices.

It's a big want if you have spent your twenties making bad financial decisions and not saving money.

You still haven't answered how you are going to afford it all? When you have no spare money now.

The truth is you have no idea how you will afford it. So either the boyfriend will have to pay all the bills or you will end being evicted. But you want your name on it too, so you want the security of having your name on it, but don't want to pay for it?

Well, if you have a child you're more likely to get council housing

Have the baby and declare yourself homeless to the council. They will put you in temp accommodation for a bit and you should get housed no long after.

So really, getting pregnant would be your best bet

Do NOT do this, this hasn't been the case for years. Don't be an idiot and follow this advice.

^Well, if you have a child you're more likely to get council housing.

Have the baby and declare yourself homeless to the council. They will put you in temp accommodation for a bit and you should get housed no long after.

So really, getting pregnant would be your best bet.^

REALLY bad advice for most councils. They can stick you in whatever dodgy B&B they want, wherever they want and you take it or leave it. And then the housing will likely be another private landlord, a dodgy one who's agreed to take on council tenants as there's no more stock so again, you take what's offered or sling your hook.

In addition, all councils in the UK are now UC for new claimants such as the OP. That is its own shower of shite but it's a very bad idea to have a kid you cannot fully support with UC now in place.

@TheOxymoron I pay tax !
I work full time!