advise about debts

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#1
i know its probably been asked a few times but i really need a clear answer, im looking at trying out for the paras and want to know something

i spoke to the recruiter on the phone the other day and asked him about the security clearance and he told me the main pieces no mention about debts just if i have been bankrupt, which i havent.

i only have about 3.5-4k worth of debts which im not paying any off because they were loans taken out 6 years ago and i was missold ppi so i am claiming them back and trying to write them off, all in all i probably owe around 600 thats my fault,

i also got a ccj over 6 years ago that i paid but was showing up on a credit check untill may this year, because its been over 6 years that shouldn't be relevant now. is there a percentage of debt allowed ?

so basically if i dont disclose it will any of it be picked it? i kno a few people that are in the army that have had debt but i want to make sure before i apply , if it does show i will probably sort out a debt consolidation , pay it of then claim it back or write the rest off if the courts get there finger out, cheers any info would be great
 
#2
It ask's in the application form, Do you have any debts that if joined and enlisted would be hard or not be able to pay back so if you can pay the loan's back then no you dont have to report it.
 
#5
i was 18 i walked into the bank and asked for a grand they gave me it that day and also gave me a credit card for 1.5k lol now you no what i did with it at that age lol a year later they gave me 4K i payed alot back but stopped paying when i was told about ppi, im 25 now so its been years it shouldnt even be relevent
 
#7
honestly this is all that is worrying me but if i dont have to tell them about it and just arrange payments when im enlisted i will go into the office tomorow:)
 
#9
seriously guys will they find out during my application or can i just tick the box to say no i dont have debts coming out my ears?
 
#10
You must be absolutely honest in your application, if you conceal information you will be found out and the consequences will be severe.
 
#11
this is what im asking, will they findout about my debts if i dont tell them, so basically if i go for the paras will i have to fill in an mod 1109 form for security clearance and will it show up my debts or do they get a company to check that in the infantry reg

if i get enlisted and they say to me' now you have to sort a debt consolidation out i will do i just dont want to do it will im not in the army then fail you understand?
 
#12
£285 per month on debt repayments is the ceiling, anything more and your application will not proceed..simples!
 
#13
i was missold ppi so i am claiming them back and trying to write them off, all in all i probably owe around 600 thats my fault,
Did you reclaim the PPI + the statutory 8% interest? If you have any problems see; Payment Protection Insurance (PPI)

i also got a ccj over 6 years ago that i paid but was showing up on a credit check untill may this year, because its been over 6 years that shouldn't be relevant now.
That is deleted from CCJs, court orders & fines - Search yourself and others - Trust Online the national register after six years.
 
#14
£285 per month on debt repayments is the ceiling, anything more and your application will not proceed..simples!
but what if your not paying them?

im willing to set up repayment when im in the army but not while im in the process, a consolidation i would pay 100 a month tops anyway so if they let me sort that out when im in i will
 
#15
Apart from the recruitment stuff, you're going to be a much happier bunny if you know you're in the process of clearing these debts off. Suggest you speak to your bank, tell them the score, and see if you can get a loan at a sensible rate of interest to consolidate the others. The worst they can do is say "no".

Did this myself a few years ago and now my only debt's my mortgage.
 
#17
If CCJ's are not relevant I think you can have them removed. However, I do not know the full circumstances of your case.
 
#18
If you default on any loans it becomes a civil offence!
yes ive defaulted on my loans because i was told to stop paying them and have them wiped off by the courts because of the ppi, what im asking is will they do checks for these when im in the process of applying? or can i just sort an iva out once enlisted?
 
#19
but what if your not paying them?

im willing to set up repayment when im in the army but not while im in the process, a consolidation i would pay 100 a month tops anyway so if they let me sort that out when im in i will
What are you after, are you going to ask until you get an answer you like?

Be totally honest, tell your recruiter everything. The Army doesn't have to take you, being dishonest is worse than being stupid.
 
#20
What are you after, are you going to ask until you get an answer you like?

Be totally honest, tell your recruiter everything. The Army doesn't have to take you, being dishonest is worse than being stupid.

...i know! i can afford to set up a repayment deal but its a case of not wanting to right now , if enlisted that is the only time i would be willnig to pay them
 
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