Navy Net - Royal Navy Community

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

bad debt

mick82

Midshipman
Can anyone tell me if I could fail on my interview over bad debts , I have put all my finance details on my aplication form am just worried that during my interview when it comes up it could become a problem . I will be taking a pay cut from my civvy job to join up and I am wondering if this will **** me up .
 

Drakey

War Hero
mick82 said:
Can anyone tell me if I could fail on my interview over bad debts , I have put all my finance details on my aplication form am just worried that during my interview when it comes up it could become a problem . I will be taking a pay cut from my civvy job to join up and I am wondering if this will * me up .

If your monthly outgoings are more than 50% of your income (RN salary) then you will have to wait until they are less than 50% before you can be accepted.
 
Drakey said:
mick82 said:
Can anyone tell me if I could fail on my interview over bad debts , I have put all my finance details on my aplication form am just worried that during my interview when it comes up it could become a problem . I will be taking a pay cut from my civvy job to join up and I am wondering if this will * me up .

If your monthly outgoings are more than 50% of your income (RN salary) then you will have to wait until they are less than 50% before you can be accepted.

Cheers drakey,you have also enlightened me, :wink:
 

mick82

Midshipman
Am gonna get all incomings and outgoings down on paper before my interview , I live with my partner so all bills are shared but obvoiusly it boils down to can i manage my half of the bills . 1 question thou is it all outgoings cant go over 50% or just my bad debts not including cost of living bills like me house ? 50/50 doesnt sound realistic in this day and age does it ?
 
Our guidance as careers advisors is that you should not be paying out more than 50 % of your initial take home pay on joining. You need to come up with a plan to cover your out-goings via other sources until your money goes up 26 weeks or completion of phase 2 training whichever is the sooner.

SM

:)
 

mick82

Midshipman
So in my case if my girlfriend can cover the houshould bills untill my money goes up I could be ok ?
 
How bad would your credit have to be to be rejected?

I'm presuming/hoping that a couple of hundred pounds worth of bank charges wouldn't be much to worry about..
 
As long as you are honest about it on your security form and mention it to your careers advisor you should be fine.

SM

:)
 

PlasticPedals

Midshipman
I'm in the tricky position of me being a few grand in debt, was trying to pay it back as much as I could. The impatient, bullying companies broke the law and after I pointed this out, they were too embarassed to continue collecting it

effectively I don't have to pay them anything until they admit they broke the law in writing and face an investigation by the FSA, they will never do this, they have let it go

meanwhile my credit rating is in ruins
 

Rumrat

War Hero
PlasticPedals said:
I'm in the tricky position of me being a few grand in debt, was trying to pay it back as much as I could. The impatient, bullying companies broke the law and after I pointed this out, they were too embarassed to continue collecting it

effectively I don't have to pay them anything until they admit they broke the law in writing and face an investigation by the FSA, they will never do this, they have let it go

meanwhile my credit rating is in ruins

If they have made a pig's ear of your loan's, you could try approaching a company like "Keroboclaims".
They specialise in unenforceable credit agreements and will take a free look.
They only charge you if they believe they can assist, and only then if they win, or they refuse to proceed.
Best of luck, they are a genuine company, and have in the past worked successfully for me.
 

officer_inland

Lantern Swinger
Presumably the credit check takes a few weeks/months to be processed, so when are you likely to know if there is a problem? Thanks :)
 
Thread starter Similar threads Forum Replies Date
higthepig Bad news The Quarterdeck 14
Stirlin Bad Religion. Current Affairs 3
O How bad is the Aircrew Pilot/Observer Qualification pipeline? Joining the Royal Navy 8
R Officer entry, bad A levels but have a foundation degree Joining Up - Royal Navy Recruiting 21
MoD_RSS Raising expectations of children and parents, high standards for teachers and tackling bad behaviour: how schools in ‘left behind’ areas can improve MoD News 0
MoD_RSS Press release: Schools backed to tackle bad behaviour MoD News 0
S Is my eyesight too bad for the navy? Health & Fitness 3
Waspie SB-1, Bad Guys-0 The Corps 4
J Loans for bad credit UK | low credit score | FleetQuid Finance & Pensions 1
Stirlin Good news bad news. Diamond Lil's 45
Y BBC Luvvy Bad Losers Brexit disclaimers The Gash Barge 43
WelshJaffaCake Apprenticeships: The Good,The Bad and The Ugly Current Affairs 13
Walter_white HMS RALEIGH 27th Nov Good or bad date? Joining the Royal Navy 39
RSPE With the kind permission of site admin (Bad Co) - It's a pleasure to bring you this event..... The Afterlife - Resettlement and Jobs 0
RSPE With the kind permission of site admin (Bad Co) - It's a pleasure to bring you this event..... The Gash Barge 0
RSPE With the kind permission of site admin (Bad Co) - It's a pleasure to bring you this event..... Films, Music, TV & All Things Artsy 0
RSPE With the kind permission of site admin (Bad Co) - It's a pleasure to bring you this event..... Competitions 0
Bondy93 Bad News! (Medically unfit for Aircrewman) Joining Up - Royal Navy Recruiting 5
stan_the_man Good days bad days Diamond Lil's 0
M How bad is the PRNC??? Joining Up - Royal Navy Recruiting 21
Waspie Bad - Bad Communists Current Affairs 5
frogman007 Bad first day at the office!! The Gash Barge 0
stan_the_man days days fcucking bad days Health & Fitness 28
B Bad day Submariners 0
witsend Romania & Bulgaria (Not that bad?) Diamond Lil's 6
Vrumm Submarines, The Good and Bad Submariners 48
SONAR-BENDER Request for Good and Bad COs Site Issues 7
Waspie I've done a bad thing. Diamond Lil's 0
F Bad taste, or just a bit of fun ? Diamond Lil's 8
SONAR-BENDER Bad luck MLP! Diamond Lil's 13
M Is it really that bad? Current Affairs 30
fishhead Bad news for Brazilian Electricians Current Affairs 34
soleil Guardian: "HMS Albion: 'I Don't Think We Do That Bad A Job' – Video" The Fleet 0
Stirling RAF fly in bad weather ?. The Fleet Air Arm 2
A Weapons Engineering Officer- Surely it's not that bad? Joining Up - Royal Navy Recruiting 24
NZ_Bootneck You think SDSR was bad. Current Affairs 3
The_Caretaker Bad News Miscellaneous 0
The_Caretaker Bad day for Gran Miscellaneous 0
The_Caretaker Good the Bad & the Ugly Miscellaneous 0
B Really bad headaches after exercise, any ideas? Health & Fitness 15
G Companies & shops. The good the bad and the pikey. The Quarterdeck 24
SONAR-BENDER E-books. Good or bad? Bloody Computers 31
soleil The Register: "Trident Delay: Cunning Plan Or Bad Idea?" Submariners 1
AledJ Eyesight- bad news turned into good news! Joining Up - Royal Navy Recruiting 33
NotmeChief Beautiful women can be bad for your health, scientist The Quarterdeck 6
Maxi_77 It's Not All Bad News Current Affairs 1
wet_blobby You think RR's bad, try Arrse. Diamond Lil's 50
C If you thought the first series of Warship was bad.... The Fleet 6
2_deck_dash Life, it's not so bad after all Diamond Lil's 92
NotmeChief More EU Regulations - Good or Bad? Motoring 10
Similar threads


















































Top