D
dolphin
Guest
To cut a long story short.
The business i am involved in is going to go into liquidation next week unfortunately, it was a very successful business before the recession that once had 40 staff and its going to be heartbreaking telling long time employees.
I have a whopper of a mortgage that is paid on the first of every month with payment breaks during July and August hence more during the 10 other months.
I was on interest only from Feb 10 to Jan 11.
My Salary is 30% less than what it was when i got the mortgage
All my savings are gone due to taking paycuts etc
I have enough to pay May and all my bills in May but if i do that i will have nothing left for bills and living in June. If i cancel the mortgage direct debit now i will be able to pay bills throughout the summer and keep the family fed until i get another position or another idea of mine takes off before September
Question is if i cancel the direct debit can they still drawdown the money from my account. I know if i contact them tomorrow they will tell me it is too late to amend and i will have to fill out forms etc.
The business i am involved in is going to go into liquidation next week unfortunately, it was a very successful business before the recession that once had 40 staff and its going to be heartbreaking telling long time employees.
I have a whopper of a mortgage that is paid on the first of every month with payment breaks during July and August hence more during the 10 other months.
I was on interest only from Feb 10 to Jan 11.
My Salary is 30% less than what it was when i got the mortgage
All my savings are gone due to taking paycuts etc
I have enough to pay May and all my bills in May but if i do that i will have nothing left for bills and living in June. If i cancel the mortgage direct debit now i will be able to pay bills throughout the summer and keep the family fed until i get another position or another idea of mine takes off before September
Question is if i cancel the direct debit can they still drawdown the money from my account. I know if i contact them tomorrow they will tell me it is too late to amend and i will have to fill out forms etc.