To go to court or not to go to court?

the.fantastic.mrs.fox

Morning all,
I posted yesterday on the DFW board.
We're in a bit of a sticky situation but we're working through it.

My new problem is this-
We have a court date with the mortgage company of the 6th of December. If we get our mortgage to below 2 months outstanding then they won't take us to court.

My wages this month include a bonus which will take me to nearly £1800 on the take home side and DH gets his first loan installment of £1564 next week.
We've spoken to DH's mum who has said she'll help out with the monthly costs if we decided to use all this money to get ourselves out of going to court.

I spoke to Northern Rock yesterday about the situation and also discussed the monthly break down that I'd requested.

In a way they weren’t much help- they advised that they couldn't take us off the fixed term deal we were on until June when it expires (even though that will save us £200 a month) and that all they could possibly do was look at the interest rate they're charging us but that won't be considered until we've spoken to every other debtors and done everything we can. Even then they may just decide that we can't afford it full stop.

They really threw me a curve ball though when I was told that in their eyes they would rather I didn't pay off the outstanding and that I kept the money to make sure I can meet the monthly payments with the idea that they won't reposes the house until I slip up on my monthly agreement.


What would you do? DH is still set to pay off the outstanding and prevent the court date but I can see the pros of both arraignments.

help please!

TrickyDicky

I would pay up what you owe. Going to court is the first step to repossession, and then you'll be in a whole world of financial hurt.

CloudCuckooLand

Great advice on your other thread.

dancingfairy wrote: »

Right ok - this is crisis time.
I would stop paying all but the priority debts - I would not pay the mobile bills and just get a payg phone or sim -card only.
Your priorities are council tax and the mortgage.
Why are you paying LLoyds/Capital 1 when you are behind on priority bills?
I would get a new account not with Lloyds otherwise they may just help themselves - send them a letter saying you are getting debt help and will be in touch re the debts - and the mobiles as well - send them 1 pound as a token gesture. When you have settled things with the mortgage and council tax then you can set about repaying them.
You need to focus on the priorities.

I think you need to get specialist help and quickly - get in touch with Shelter to see what they can do - hopefully by getting help with the mortgage arrears you can stave things off with repossession etc but Shelter should be able to give you some help.
You need to get in touch with your local CAB or National Debtline or CCCS - today so they can start helping you.

Nixxx wrote: »

I think dancingfairy has given you some excellent advice. You have to pay your mortgage and council tax FIRST before any other bills. This is absolutely essential, you have an income so you pay everyone else with what you have after that (and food of course)

JanB2010 wrote: »

From experience - a roof over your head, water to drink, and food in your belly are priorities. Get some professional help - CAB can be brilliant

Follow it.