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query re paying secured/unsecured debts
laney26
Posts: 28 Forumite
Hi
Just wandering if someone could clarify something for me.
At the moment have roughly a 25k secured debt(charging order) on my house and a 15k unsecured. I might add that both of these debts are with the same company but different accounts.
My question is i know that the secured debt gets priority but atm the secured debt is being paid at £150 a month which is what they initally requested(expecting this to go up soon) and £100 a month to the unsecured debt which they refused but am making payments.
Should i try and offer more to the secured debt and less to the other or just leave it as it stands for the moment.
Bit confused really
Just wandering if someone could clarify something for me.
At the moment have roughly a 25k secured debt(charging order) on my house and a 15k unsecured. I might add that both of these debts are with the same company but different accounts.
My question is i know that the secured debt gets priority but atm the secured debt is being paid at £150 a month which is what they initally requested(expecting this to go up soon) and £100 a month to the unsecured debt which they refused but am making payments.
Should i try and offer more to the secured debt and less to the other or just leave it as it stands for the moment.
Bit confused really
0
Comments
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IS THE UNSECURED DEBT already defaulted?If you've have not made a mistake, you've made nothing0
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Yes unfortunatley. They are threatening court action but havent heard anything.0
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Ok,
What sort of account is it?
You need to get that letter scanned, get it posted on-line somewhere (or on here) and send the link to 10past6 as he is very good at spotting if they are faulty.
if it is faulty, you may be able to stop legal action. However, only do this if you want to defend the case in court.If you've have not made a mistake, you've made nothing0
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