bad debt

#1
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 .
 
#4
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.
 
#5
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:
 
#6
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 ?
 
#8
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

:)
 
#16
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..
 
#18
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
 
#19
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.
 
Thread starter Similar threads Forum Replies Date
The_Caretaker Miscellaneous 0
The_Caretaker Miscellaneous 0
The_Caretaker Miscellaneous 0

Similar threads

Latest Threads

Top