- Tue Mar 08, 2005 10:41 am
Need some advice on what he put in my statement.
I basically had to explain to him how each of the loans where spent.
I had one loan since 2001.refinanced another one that I'd had since 2002 in march 2003 with the same company.I took a loan in July 2003 to consolidate debt and incurred the last one in July 2004 to consolidate debt and 2 credit cards used until recently.
He basically wrote in my statement:- I had incurred debt since middle 2003 which I couldn't really afford to repay.I had been Supplementing my income due to my health problems.I had thought my husband would have been back in work and we would be able to continue paying and I had hope to have some compensation money through which has not happened yet.
He also told me it was obvious that I hadn't only had difficulties paying since jan.He put down in the statement oct/nov as this is when I started buying alot more food etc on credit cards.
Is this the normal sort of thing that happens to people.They get them selves into more debt trying to lower repayments and spend the term.
Is he trying to make out I knew I couldn't pay it back when I borrowed it.
The other thing that I hadn't thought about before was my husbands car.
It is in his name,insurance is in his name as well.I have only been able to drive since beginning of Feb.
But the money for the car was given to my husband at about the same time as the last loan went into the bank.Statements will show 3 deposits totaling either 4000 or 4200 pounds towards this car.But I paid for a warranty on the car from the loan.£400 and possibly put £300 towards the cost of the car.Although it would have covered the tax and service that they did I think.
I told the OR I had no financial interest in the car but did pay for the servicing,warranty ect from the joint bank account.
The OR will see the cheque for the car go out as one lump sum at the same time all the money went in.
I did telling the OR the money for the car came from family in several deposits.I just didn't get asked about it too much.I did provide a breakdown of where nearly all the loan money went.
I didn't think about it until afterwards.
I'm worried that if money from this loan was in our joint bank account and small amount was used for the car he could think I have a financial interest in it.I don't want him to think I've been dishonest.
I just didn't get asked about it as it was shown on the statements I handed over at the interview.I can explain but I'm worried he will think I've been lying to keep the car.
Should I just wait for the OR to ask me about this.
I'm sorry if this is a bit confusing.I just don't know how to take what was put in my statement.Or what to do about the car.
I keep thinking I should have told the OR but was so nervous that I just forgot.