Nationwide Credit Card

trsisko

I have an unsecured debt with nationwide credit card and am in an arrangement to pay. However, it looks like are saying if i dont pay they will action a CCJ and and do a charging order against my property.

Does this happen or is this a scare tactic?

Tixy

It can happen yes.

Credit card companies do appear to be using charging orders in greater numbers, particularly for large debts which are being repaid slowly.

Equally I am sure it is threatened more times then they actually go through with the court action.

If you continue on your current repayment level how long would it take you to repay the debt?

FireWyrm

The charging order is almost certainly a scare tactic, you should take the threat of the CCJ seriously. If you are in a formal arrangement to pay, they would look like twonks if they took you to court, but anything is possible. Keep up your payments religiously and also a stiff letter pointing out that 'scare tactics' are unappreciated may be the way to go.

sourcrates

trsisko wrote: »

I have an unsecured debt with nationwide credit card and am in an arrangement to pay. However, it looks like are saying if i dont pay they will action a CCJ and and do a charging order against my property.

Does this happen or is this a scare tactic?

You are in a payment arrangement yes ? the letters you are receiving will be standard payuporelse letters which are sent automatically when you don't make original agreed amounts, just put them nicely in the recycle bin !!

National_Debtline

Hello there,

As the others have mentioned, the letter could well be simply a scare tactic. The fact that you are making a regular payment should be sufficient to prevent further action being taken. Legal action should only be sought as a last resort.

As far as charging orders are concerned, the general trend is that fewer and fewer are being applied for. You can find general court-related statistical data here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/264142/csq-q2-2013-main-tables.xls

If a creditor does go for a charging order please also bear in mind that it would be very, very unlikely that they would force the sale of the property. In fact, in certain circumstances it may be impossible for them to do so. In Quarter 2, 2013 (the most recent data I can find) there were 13461 charging order applications made. 12959 of these applications actually become charging orders. There were 65 orders for sale. Although I don't know for sure, I would imagine that most of the orders made would not have been made against residential property.

If you feel that they are putting undue pressure on you, please do consider a complaint. We have a useful fact sheet on harassment - which you can find here:

https://www.nationaldebtline.org/EW/factsheets/Pages/03%20EW%20Harassment%20by%20creditors%20and%20debt%20collectors/Default.aspx

Hope you find this information useful,

Best wishes,

David @ NDL .

Tixy

National_Debtline wrote: »

As far as charging orders are concerned, the general trend is that fewer and fewer are being applied for. You can find general court-related statistical data here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/264142/csq-q2-2013-main-tables.xls

Interesting to see those tables David.
I am surprised because on these forums it has felt like more credit card companies are using them over the past couple of years (MBNA in particular and I've certainly seem some nationwide ones).

That table is just charging orders is it? The very old pre-recession numbers are also interesting.

National_Debtline

Tixy wrote: »

Interesting to see those tables David.
I am surprised because on these forums it has felt like more credit card companies are using them over the past couple of years (MBNA in particular and I've certainly seem some nationwide ones).

That table is just charging orders is it? The very old pre-recession numbers are also interesting.

Good morning!

I think creditors and debt collection agencies have been incredibly aggressive over the years, and anecdotally I think we see the threat of a charging order being made far more these days than a few years back. We also see the threat of bankruptcy being used a great deal - especially by certain debt collection agencies.

As I'm sure you know, it's now easier for a judgment creditor to secure a charging order due to changes in the law. It would be interesting to see the more recent statistics to see if the numbers are starting to climb again - I have a suspicion they will.

- David.