Financial Statements - What Are Assets

[specials]

All I have is a life policy and an ISA, both of which are being used to repay mortgage.

I assume these are not taken into account as Assets as I can't cash them in or I will lose my home in 13 years

Should I declare these but add a covering note to explain what they are for.

Thanks

[Guest]

Re: Financial Statements - What Are Assets

You are going to need to elaborate on this before anyone can give you a sensible answer.

[EXC]

Re: Financial Statements - What Are Assets

I suspect they need to declare details of their assets to the bank for consideration of a bank charges hardship claim.

[specials]

Re: Financial Statements - What Are Assets

I suspect they need to declare details of their assets to the bank for consideration of a bank charges hardship claim.

that is correct, if I need to add anything let me know

[EXC]

Re: Financial Statements - What Are Assets

Cetelco's your man.

[Tools]

Re: Financial Statements - What Are Assets

Hi special, welcome to Beagles.

In order to help you we need a full picture of what you are trying to achieve and what steps you have already taken. Please give a brief run down of your claim so far.

[specials]

Re: Financial Statements - What Are Assets

Hi special, welcome to Beagles.

In order to help you we need a full picture of what you are trying to achieve and what steps you have already taken. Please give a brief run down of your claim so far.

Cheers

My claim has just gone in, I've been given the form to complete to detail my financial position.

I have a large amount of creditors who I am repaying through negotiation with National Debtline, some creditors have reduced payments significantly, some have been less helpful but still stoppting further action if I pay agreed amounts.

I am still finding things incredibly difficult and still end up borrowing money to meet some items of expenditure, the interst rate is 183%!!

I built up £2500 worth of mortgage arrears that got to the critcal stage, however, I managed to repay this with the help of the BS, had I not there is no doubt I would have lost my home.

[Tools]

Re: Financial Statements - What Are Assets

Thank you, that is a little clearer.

Ok, first point, which bank have you submitted the hardship claim to and do you still use that as your main account?

Also, if you could complete and then attach a completed I/E Sheet
detailing any and all income, expenditure, debts then we can try help with each one that will not play ball via the National Debtline. It sounds like you already have made some good steps by negotiating reduced payments with many of your creditors, well done.

Do you still have any priority arrears and from who are you lending at the rate of 183%, is this a doorstep lender such as Provident?

List as much detail (missing out your own personal details such as name address account numbers) as you can, it will help us to help you.

Do not worry if you do not receive an instant response to your posts, sometimes it may take a couple of days, try to be patient.

[specials]

Re: Financial Statements - What Are Assets

Thanks for your help so far, my issue is further complicated as this month my wife has to pay £100 excess for an operation on her leg (her original injury 3 years ago caused her to be off work for 13 months, I had to stop my part-time job) she has been off work again for 4 months and will soon go onto reduced pay again. The NHS ****ed up her operation, we have no way of proving this and tried to get the legal expenses on the house insurance to take this up (they claim that as I was not with them at the time of the original injury they won't take on the case - I am trying to find out who I was insured with at the time).

I am also being hassled by the sherriff officers for an unpaid parking fine £90 (although I continue to dispute this with the council, I fear some form enforcement action will be taken against me).

That is £190 which is not included in our budget.