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Please help - CCJ papers received, LOTS of questions
pippitypip_2
Posts: 1,018 Forumite
Hi All,
Really could do with some advice on how these things work and what to do!
I received CCJ papers for a defaulted loan yesterday; fair enough. However they're adding on an additional interest charge - can they do this?
To be clear, as it was a loan, all the agreed interest was included in the original loan amount. They are adding on nearly 2k on top! Additionally all my statements only have the original amount on as outstanding, this interest figure is entirely new.
I also stupidly can't find the original loan agreement, but clearly don't have enough time to do a SAR. Not sure I should even bother though - the original amount is correct - I guess it's probably not worth asking for more time?
Is it worth calling the loan co and begging them to retract proceedings? I've been in constant contact with them, never dodged - Can a company stop proceedings once they've started (if you're not paying up the full amount)?
Also I just want to check my understanding on a few other points is correct too?
1) The CCJ will affect only me personally not the address I live at, or others living at that address not financially linked to me.
2) Bailiffs can not come round and take anything if it isn't mine, and would only be sent if I failed to meet the payments accepted by the judge.
3) I do not need to declare my CCJ to my place of work (I work in admin for a bank).
4) The CCJ actually won't have any impact on my life really in practical terms, considering I have multiple defaults and in arrangements to pay with all my creditors anyway.
Also do I have to go to the court in person, or can they make the judgement in my absence (if I make a payment offer)?
Also do you just fill in the budget or do you have to support it with evidence as well - if so - what?!!
Sorry, can you tell I'm panicking?!
Many many thanks as always,
pippitypip
Really could do with some advice on how these things work and what to do!
I received CCJ papers for a defaulted loan yesterday; fair enough. However they're adding on an additional interest charge - can they do this?
To be clear, as it was a loan, all the agreed interest was included in the original loan amount. They are adding on nearly 2k on top! Additionally all my statements only have the original amount on as outstanding, this interest figure is entirely new.
I also stupidly can't find the original loan agreement, but clearly don't have enough time to do a SAR. Not sure I should even bother though - the original amount is correct - I guess it's probably not worth asking for more time?
Is it worth calling the loan co and begging them to retract proceedings? I've been in constant contact with them, never dodged - Can a company stop proceedings once they've started (if you're not paying up the full amount)?
Also I just want to check my understanding on a few other points is correct too?
1) The CCJ will affect only me personally not the address I live at, or others living at that address not financially linked to me.
2) Bailiffs can not come round and take anything if it isn't mine, and would only be sent if I failed to meet the payments accepted by the judge.
3) I do not need to declare my CCJ to my place of work (I work in admin for a bank).
4) The CCJ actually won't have any impact on my life really in practical terms, considering I have multiple defaults and in arrangements to pay with all my creditors anyway.
Also do I have to go to the court in person, or can they make the judgement in my absence (if I make a payment offer)?
Also do you just fill in the budget or do you have to support it with evidence as well - if so - what?!!
Sorry, can you tell I'm panicking?!
Many many thanks as always,
pippitypip
I know I'm in my own little world, but it's ok - they know me here! 
0
Comments
-
1) Correct
2) Correct
3) Depends on the policy of your bank. Perhaps check anonymously with your HR?
4) Possibly not.
You don't have to go to court in person at this stage.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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