SOA sent by Egg

rkh001

Need some advice please - OH has been sent an SOA form by Egg and they have asked information about "TOTAL HOUSEHOLD INCOME" and "EQUITY IN THE PROPERTY". Considering the credit card debt is in OH's name, why do they want to know my income too? And do they have a right to know about any equity in the property? What will happen if the SOA in done purely based on OH's income and expenses, without bringing me into it and also leaving out the equity part?

I don't think they need to know any of this as it's not a joint debt and it is unsecured.

Any words of experience/wisdom accepted.

Mike_St_Helens

If you are in arrears with Egg and im nearly sure with them sending you an SOA. Tell them to bog off... and call Payplan, CCCs... they will help you out and they are fab. You wont even have to speak with egg again.

Mike_St_Helens

Sorry, just read again... If your OH is in arrears, and advise OH to call Payplan etc...

Broken_hearted

They are trying it on. Most of the debt we have in OH's name and they have no right to know anything about my income or how much equity is in my house. So as mike says tell them to bog off.

Broken_hearted

If the house is in joint names they may be trying to get an order secured on it.

Snaggles

Hello! I could be completely wrong but it may not be as sinister as it might first appear. I work in credit underwriting, and as part of an assessment I look at what the person applying for the loan (etc) has with regard to income/expenditure, but I also ask about other income into the household, just as background information, because otherwise I'm assuming that the party applying for the loan is covering ALL household bills etc from their salary. Whilst knowing about a second income into the household wouldn't necessarily sway my decision, it may help me to justify a decision where I am agreeing something that (for example) would help a customer but be a larger facility than I would normally want to agree for that customer. If in any doubt, I would get your OH to ask the bank the direct question 'Why do you need to know that information?'. Hope this helps

rkh001

OH had an agreement with them ot pay them £1 per month when he was unemployed for 6 months. They didn't agree but started issuing default notices which OH has then gone ahead and pay each time they did that. Then they sent a letter last week saying that as he had had not complied witht eh default norices, they have passed the debt onto a debt collector. After a very lon phone call to them, it emerged that they should not have done that as he had been complying with the notices. The cam the SOA form in the post.

OH is going with Mike, and just telling them his own income and expenditure. As he is not asking to borrow anything, then he should not have to provide equity details or my income.

Can they put a charge on our property? On what grounds? I don't understand - the credit card debt is an unsecured debt.

Let_Robinson_Sing

rkh001 wrote:

OH had an agreement with them ot pay them £1 per month when he was unemployed for 6 months. They didn't agree but started issuing default notices which OH has then gone ahead and pay each time they did that. Then they sent a letter last week saying that as he had had not complied witht eh default norices, they have passed the debt onto a debt collector. After a very lon phone call to them, it emerged that they should not have done that as he had been complying with the notices. The cam the SOA form in the post.

OH is going with Mike, and just telling them his own income and expenditure. As he is not asking to borrow anything, then he should not have to provide equity details or my income.

Can they put a charge on our property? On what grounds? I don't understand - the credit card debt is an unsecured debt.

If your OH has got a county court judgement and there is a set amount to pay and your OH does not pay that amount they can put a charge on your property even if its an unsecured debt, the creditor can apply to put a charge on through the court. albeit a longer process than if it was secured.