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Help!!!! First ccj
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ANyhow cant afford to move home by choice - wouldnt get a mortgage anyhow - what would a charging order do?0
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I thought a charging order is like a secured loan on the home so when I sell they get their money. But Im not planning on selling!!!! Never will hopefully.0
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hi i am in the same position as you awaiting a ccj from the Halifax, if they get a ccj then they can go for a charging order on your home this turns the unsecured debt into a secured one on your property just like a mortgage, therefor if you default on the ccj they come after your house,
charging orders are becoming more common at the moment there is a procedure that they must go through but these are ignored sometimes
it should be ccj default on ccj interim charging order/ full charging order/ forced sale although the forced sale very rarely happen especially if children reside in the property.
but i wouldn't concern yourself with that at the moment.i have around 30k in equity and thats what there after
regards moneybusterthree things for the life aheadFaith Hope and plenty of Charity0 -
I thought a charging order is like a secured loan on the home so when I sell they get their money. But Im not planning on selling!!!! Never will hopefully.
Just a quick question, Culater - was the A&L loan 'secured' against your house?I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
No it was an unsecured loan...0
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By the time you take solicitor and estate agent fees will be lucky if in reality there is 3k equity in thee house!0
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bump ttt.........................0
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