Many years ago after my first marriage broke up, I got into debt. It started with hubby leaving me with house and mortgage (long story) and things just esculated...
I entered an IVA (Individual Voluntary Arrangement)to pay a monthly affordable amount. Then my mother died suddenly and I had a breakdown and stopped working for a while. I could not afford to pay naything and the IVA failed.As a result all my debts are sat on my credit file with a Default date against them.I have been told that after 6 years they will disappear and I should be ok? This all seems to good to be true.Its 6 years next year and I wonder what will happen?
On a happier note I remarried last year to a lovely man and we have a baby.He already had a house but we would love to move. Now I am working part time we would need my income taken into account to up the mortgage and move. Is that likely?
Thanks in anticipation.
xx