worrying: most people only a few pay days away from poverty.

[securespark]

I adopted my first pussy cats in 1990. My vet told me that Hill's was better than "ordinary" wet food as it was kinder on their kidneys.
However, pussy cat no. 10 came from the RSPCA and we were told he always has a pouch in the morning and Hill's dry food all day.

 

[ellal]

Can you apply for a mortgage break? That would give you a chance for a buffer perhaps?

If possible avoid doing this unless you have a cast iron guarantee that it won't affect your credit rating.

"How to protect your credit score when using a payment holiday

To ensure your credit report and score are safeguarded you should take these steps:

• Ensure you continue to make regular payments until you have discussed your position with your lenders.
• Agree with your lender whether you should use a payment holiday, lower payments or raise credit limits.
• Agree the length of time the special measures should last. It could be up to three months.
• Once you have this agreement in place, Experian, Equifax and TransUnion will apply the ’emergency payment freeze’ to the relevant credit record on you.
• Ensure you have an agreed ’emergency payment freeze’ with each and every one of your lenders whom you might not be able to pay before you reach the stage of missing a payment. If you miss a payment, you could damage your score.
• Check your credit report and score every month and if you spot mistakes or arrears building up while a freeze was agreed, contact the lender first. If that doesn’t resolve the situation, you should contact the CRA.

It’s vital that you don’t just cancel direct debits as that can result in a missed payment being recorded on your report. A missed payment can take 130 points off your Experian credit score."

 

[sodthisforfun]

If possible avoid doing this unless you have a cast iron guarantee that it won't affect your credit rating.

"How to protect your credit score when using a payment holiday

To ensure your credit report and score are safeguarded you should take these steps:

• Ensure you continue to make regular payments until you have discussed your position with your lenders.
• Agree with your lender whether you should use a payment holiday, lower payments or raise credit limits.
• Agree the length of time the special measures should last. It could be up to three months.
• Once you have this agreement in place, Experian, Equifax and TransUnion will apply the ’emergency payment freeze’ to the relevant credit record on you.
• Ensure you have an agreed ’emergency payment freeze’ with each and every one of your lenders whom you might not be able to pay before you reach the stage of missing a payment. If you miss a payment, you could damage your score.
• Check your credit report and score every month and if you spot mistakes or arrears building up while a freeze was agreed, contact the lender first. If that doesn’t resolve the situation, you should contact the CRA.

It’s vital that you don’t just cancel direct debits as that can result in a missed payment being recorded on your report. A missed payment can take 130 points off your Experian credit score."

It's not supposed to affect the credit rating... I think it says that in the link I put up.

 

[sodthisforfun]

I adopted my first pussy cats in 1990. My vet told me that Hill's was better than "ordinary" wet food as it was kinder on their kidneys.
However, pussy cat no. 10 came from the RSPCA and we were told he always has a pouch in the morning and Hill's dry food all day.

One thing I know about vets is they are pretty rubbish at pet nutrition... I think they must get a cut tbh!

Dry food is full of bacteria, proper loaded. I also don't think it's kinder on the kidneys because a lot of cats just don't drink enough to compensate a dry diet. Our last cat loved both wet and dry and still got a UTI. Knocked him for 6 and he spent 2 days on a IV drip in kitty hospital at a cost of £700...

Good grief, ours has Aldi cat food, he doesn't like it much (I confess it smells vile) but it's either that or starve. No wonder he's always in a bad mood.

Lol, could be!
Our cat now was on Asda stuff with the previous owner. She still likes it on occasion but since I switched to better food, her coat is absolutely gleaming! The problem with cheaper foods, including all the felix stuff etc too is it's low quality and is full of sugar too. Bad breath, rotten teeth.

 

[ajohn]

Can't be much fun for people finding themselves on the dole with a system designed to make people change to relatively low paid jobs. I have met a few young people, singles who manage with the rent I assume paid by the state but it's clearly tricky and have to wonder what the long term effects will be. Don't know any families that do but did live next to one a long time ago who clearly managed. I live on the outskirts of Bournville reckoned to be a fairly affluent area and it's surprising how many qualify for foodbanks. They need a voucher.

Talking to people at work who live in an area that has some unemployment there is an impression that they don't expect many people over 50 to get any sort of job and hand out vouchers of some sort. This was some time ago and things have changed but ............... I wonder.

From reports it seems we maybe heading into deflation. If so that means interest rates should go down.I can't help wondering if they may conclude that this control isn't as effective as they think when they are already very low - base BE rate anyway. It seems to me that the main effect is property price increases and for one reason or the other salaries for many lag behind. On the other hand I do appreciate that buying a house has never been easy and has generally needed cuts in some areas. People expect to own far more bits and pieces these days and may feel they must own the best as well. Buy to rent mortgages can't help either. Increasing interest rates can mean some people can no longer pay their mortgages. Some manage. Some landlords can have problems as well as house prices go down. The UK seems to have avoided a house price crash for some time now. I always think nothing lasts for ever. Pity the people who suffer but on the other hand can things carry on like they are for ever?

 

[ellal]

It's not supposed to affect the credit rating... I think it says that in the link I put up.

'Not supposed to' means nothing.

Unless you follow all current 'rules'.

Of course those 'rules' can change!

It was originally claimed that student tuition fee debts wouldn't affect credit rating/mortgage applications but they do.

When comes the time to pay back the debt then you need to have the best credit rating you can get when the 'financial haircut' happens!

 

[JP_]

https://www.bbc.co.uk/news/business-52767058
Can you apply for a mortgage break? That would give you a chance for a buffer perhaps?

While we are working we're actually putting more into the mortgage, as with Nationwide you can take payment holidays if needed. Better than putting in savings. We are both earning full salary, working from home. The risk is if the financial sector collapses (my wife's work) and if the company I work for sees a drop in sales (products that support elderly and disabled).

In theory, we should both be OK, but you can never really be sure at times like this.

 

[sodthisforfun]

'Not supposed to' means nothing.

Unless you follow all current 'rules'.

Of course those 'rules' can change!

It was originally claimed that student tuition fee debts wouldn't affect credit rating/mortgage applications but they do.

When comes the time to pay back the debt then you need to have the best credit rating you can get when the 'financial haircut' happens!

Ok. Whatever.

 

[EddieM]

While we are working we're actually putting more into the mortgage, as with Nationwide you can take payment holidays if needed. Better than putting in savings. We are both earning full salary, working from home. The risk is if the financial sector collapses (my wife's work) and if the company I work for sees a drop in sales (products that support elderly and disabled).

In theory, we should both be OK, but you can never really be sure at times like this.

Hope it all pans out well for you, uncertain times indeed.

 

[ellal]

Ok. Whatever.

Just pointing out the reality rather than the fake news.

Unfortunately many people believe that fake news and then regret their gullibility when the financial vultures come a calling.

And they then blame others for them 'not knowing' the consequences, despite having the information to hand if only they could have been be bothered to access it!

Sounds rather familiar doesn't it

 

[sodthisforfun]

Just pointing out the reality rather than the fake news.

Unfortunately many people believe that fake news and then regret their gullibility when the financial vultures come a calling.

And they then blame others for them 'not knowing' the consequences, despite having the information to hand if only they could have been be bothered to access it!

Sounds rather familiar doesn't it

So a scheme put in place by the gov and banks to help those with their mortgage is fake news? There you go, I've learned something new.

 

[ellal]

So a scheme put in place by the gov and banks to help those with their mortgage is fake news? There you go, I've learned something new.

As I said, "And they then blame others for them 'not knowing' the consequences, despite having the information to hand if only they could have been be bothered to access it!"

There is no such thing as 'government money' btw - it is ours. And the banks are using it to prop up their assets. Did you not learn anything from the 2008/9 crash?

So it's to do with the consequences of the financial 'benefits' being offered right now.

There is and has never been such a thing as a 'free lunch'!

 

[sodthisforfun]

As I said, "And they then blame others for them 'not knowing' the consequences, despite having the information to hand if only they could have been be bothered to access it!"

There is no such thing as 'government money' btw - it is ours. And the banks are using it to prop up their assets. Did you not learn anything from the 2008/9 crash?

So it's to do with the consequences of the financial 'benefits' being offered right now.

There is and has never been such a thing as a 'free lunch'!

Seriously, wtf are you on about? Did you actually READ the link put up? This isn't government money, it's a mortgage BREAK which has to be paid back. WITHOUT credit score being penalised.

Sometimes Ellal you're too quick to have a pop at government when it's actually not even relevant, certainly not relevant to the post I put up. Give it a rest will you?

 

[ellal]

Seriously, wtf are you on about? Did you actually READ the link put up? This isn't government money, it's a mortgage BREAK which has to be paid back. WITHOUT credit score being penalised. It's not some big sinister thing, it's not a loan, it's not anythi

Sometimes Ellal you're too quick to have a pop at government when it's actually not even relevant, certainly not relevant to the post I put up. Give it a rest will you?

"it's not anythi"?

Ignorance surely is bliss where you are concerned, especially when it comes to finance!

 

[mitch66]

Seriously, wtf are you on about? Did you actually READ the link put up? This isn't government money, it's a mortgage BREAK which has to be paid back. WITHOUT credit score being penalised.

Sometimes Ellal you're too quick to have a pop at government when it's actually not even relevant, certainly not relevant to the post I put up. Give it a rest will you?

He's completely bonkers mate. His responses show that he has absolutely no idea at all about what he's posting on this issue.