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Home reposessed and DLC

marc82
marc82 Posts: 25 Forumite
in Bankruptcy & living with it
Help, I had my home reposessed earlier this year. Me and my partner split up. I had to work away to earn money. I've come back and now I have a debt of 23k, I hope that this is joint. Before I ring them could anyone tell me the best course of action to take.

Any help would be greatly appreciated!!!!
«13

Comments

  • marc82
    marc82 Posts: 25 Forumite
    The debt was with GE Money but Direct Legal Collections are now dealing with it.
  • blind-as-a-bat_2
    blind-as-a-bat_2 Posts: 4,304 Forumite
    No it is a joint and severable liability, which means you are both liable for the whole amount.

    It is just a question who they can get it off:rolleyes:

    And just to clarify, they can only collect the debt amount once, but dont care how it is divided.

    they dont care if one ends up paying it all

    PS GE Money are Gits to deal with, no surprise they dumped it on a DCA sharpish

    Have you had a notice of assignment?
    Thats it, i am done, Blind-as-a-Bat has left the forum, for good this time, there is no way I can recover this account, as the password was random, and not recorded, and the email used no longer exits, nor can be recovered to recover the account, goodbye all …………. :(
  • marc82
    marc82 Posts: 25 Forumite
    thank you for your quick reply, in your opinion what would be the best thing to do?
  • marc82
    marc82 Posts: 25 Forumite
    what is a notice of assignment?
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's a letter to say that one creditor has taken over the debt from another creditor.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • marc82
    marc82 Posts: 25 Forumite
    On the letter it says that my account has been referred to Direct Legal Collections by GE Money.
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bat will confirm this but I think GE Money should write to you to say it has been passed on to DLC.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • marc82
    marc82 Posts: 25 Forumite
    Thank you for your quick reply. This is the first letter I have received since moving out of the house a year ago.
  • blind-as-a-bat_2
    blind-as-a-bat_2 Posts: 4,304 Forumite
    marc82 wrote: »
    thank you for your quick reply, in your opinion what would be the best thing to do?

    I am sorry, but that is a hard one to answer without knowing a lot more.

    And it will get a bit personal i am afraid.

    As in are you and your ex on speaking terms? can you come to some amicable agreemant to put forward to re-pay the debt?

    Thats if your in a position to afford to make an offer that is:confused:
    Thats it, i am done, Blind-as-a-Bat has left the forum, for good this time, there is no way I can recover this account, as the password was random, and not recorded, and the email used no longer exits, nor can be recovered to recover the account, goodbye all …………. :(
  • blind-as-a-bat_2
    blind-as-a-bat_2 Posts: 4,304 Forumite
    edited 22 October 2009 at 6:29PM
    marc82 wrote: »
    Thank you for your quick reply. This is the first letter I have received since moving out of the house a year ago.
    tigerfeet2006 wrote: »
    Bat will confirm this but I think GE Money should write to you to say it has been passed on to DLC.

    I know what your thinking tiger, but unfortunatly it is classed as served if sent to the last known address.

    I am reading between the lines here a bit and may be wrong, but if the OP did not leave a forwarding address, not recieving the notice may not be of any use:confused:

    Thats assuming it has been assigned absolutly to DLC (GE's normaly does) and they are not just acting as agents
    Thats it, i am done, Blind-as-a-Bat has left the forum, for good this time, there is no way I can recover this account, as the password was random, and not recorded, and the email used no longer exits, nor can be recovered to recover the account, goodbye all …………. :(
This discussion has been closed.
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