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Had letter from MBNA's lawyers threatening a Warrant of Execution

I've sent them a copy of my budget and other debtors showing that we can only afford to send them a token payment of £1 per month coz our outgoings exceed our income but now we've had this letter.

Initially I was hugely relieved about finally facing up to our crap financial situation but this letter has really scared me coz a WofE means a bailiff can come to your house! :eek:

How likely is it this can/will happen and is there anything I can do to avoid it that I haven't done already???
You should never call somebody else a nerd or geek because everybody (even YOU !!!) is an
"anorak" about something whether it's trains, computers, football, shoes or celebs :p :rotfl:

Comments

  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Have they got a CCJ against you already?

    If not, then it is all just 'hot air'.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • oscar52
    oscar52 Posts: 2,272 Forumite
    Its a common MBNA scare tactic, as fermi has said, unless they have already been to court to obtain a CCJ, they cant get a WoE.
    No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

    Proud to be a Friend of Niddy.
    no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
  • Mics_chick
    Mics_chick Posts: 12,014 Forumite
    Phew! Thanks both :D
    You should never call somebody else a nerd or geek because everybody (even YOU !!!) is an
    "anorak" about something whether it's trains, computers, football, shoes or celebs :p :rotfl:
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