Laons "Charge on our propety"

paul-wales

Despite Repeatedly offerring lloyds TSB offers of Full Final Settlement of £9000 wich has been rejected. I have been informed that despite the loans being in my name and unsecured they will put a charge on our property to make it secured to ienforce payment?

Is this correct and how long and what will it involve? I honestly can't cope much longer with the ludicrous amount of telephone calls and bullying.

Please ask any questions to help me unsure what you need to advice me?

To reiterate loans in my name unsecured, House joint with my-wife.

ILW

paul-wales wrote: »

Despite Repeatedly offerring lloyds TSB offers of Full Final Settlement of £9000 wich has been rejected. I have been informed that despite the loans being in my name and unsecured they will put a charge on our property to make it secured to ienforce payment?

Is this correct and how long and what will it involve? I honestly can't cope much longer with the ludicrous amount of telephone calls and bullying.

Please ask any questions to help me unsure what you need to advice me?

To reiterate loans in my name unsecured, House joint with my-wife.

You offered 9000 F & F. What was the outstanding amount?

paul-wales

Sorry 10,000 and 4,500.

petermb_2

paul-wales wrote: »

Sorry 10,000 and 4,500.

Usual questions
do you have ppi?
when were the loans taken out?

nomoneytoday

They can do it, but will need to take you to court.
The Judge can decide if £9000 is a fair offer etc...

paul-wales

No to PPI, one was in March 2007 and the other about four years ago, and both were over the internet through Lloyds TSB.

Thank you for your replies, please don't hesitate to ask any further questions.

fatbelly

There's a factsheet from national Debtline on how Charging Orders work

Factsheet | Charging orders in the county court

Are you making the F&F offers in writing?

Which bit of LTSB are you writing to?

WEEEEEEEEEEEEEEEEEEEE

if they put a charge against your house the basis of it is if you sell your house they get there money[STRIKE][/STRIKE]

paul-wales

I have made offers in writing and the C.A.B (had to make lower offer due to having treat all creditors fairly so as you can appreciate I offer £9000 then CAB offered about £7000 this wasn't taken seriously and rejected).

My personal opinion I don’t know whether it's correct but it appears the C.A.B's hands are tied these days?

Writing to collections department, but now with defaults.

Hope someone could help I truly would be grateful.

fatbelly

paul-wales wrote: »

My personal opinion I don’t know whether it's correct but it appears the C.A.B's hands are tied these days?

I work for the CAB. I don't feel my hands are tied so I'm not sure what you mean.

paul-wales wrote: »

Writing to collections department, but now with defaults.

The problem with Lloyds is that they pass it around allover the place. I would say that every time it hits a new department (Sechiari et al. is still in-house so don't be frightened/threatened by the word 'solicitor') you should make the offer again.

If there are two debts to LTSB you should treat them separately and not make one offer across both.

You should offer less than your maximum to allow some room for movement.

If you know what you're doing, you can probably do this better yourself rather than have the CAB do it for you.

I have known BLS collections (part of the Lloyds set-up) accept 25% in F&F but in your case they seem to know that you have a property with equity so may not be so willing to settle for a low sum.

However if it went to court you would be proposing an instalment arrangement and they could not get a CO unless there was a default of this arrangement. So for example a 50% settlement now is still a good deal for them compared with maybe £50 per month for 200 months.

paul-wales

What I meant in relation to the CAB is they have to offer all my creditors a portion of the £9000 I have. Therefore can only offer Lloyds TSB far less than what I could. I make the offer and Lloyds just dismiss it as "someone tyring it on" CAB make an offer confirmng I am genuine but approximately £4,500 less therefore completely dismissed.

If I settled Lloyds the other debt I could handle, and make agreements with, but Lloyds will not help or negotiate. All they want to do is borrow me more money to "amalgamate the loan into easy managiable payents".

And I have been repeatedly informed by CAB that if I do settle the debt and not the other creditors the CAB would wash their hands of the situation and no longer be able to assist me.

I hope my comment didn't offend as it truly wasn't my intention, but merely an observation.