We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Repo Shortfall
babywillow
Posts: 88 Forumite
Sorry if this is in the wrong thread!
House keys were handed back to bank Sept 2013, after divorce and I couldn't afford to keep mortgage on my own, ( 2 kids aged 3 and 8). House sold last month leaving shortfall of 29k between me and ex.
Bank passed debt to Enact, who have sent a letter asking for financial statement, and at the end of letter it asks for a lump sum in settlement or monthly payments until full balance paid or monthly payments to repay _____ in settlement of debt.
Having filled this in my income looks a lot, wages 110 per week, tax credits, csa, housing benefit etc, I'm worried what they will expect me to pay.
Any ideas what I could offer??? I have no savings and now private rent.
Thanks
House keys were handed back to bank Sept 2013, after divorce and I couldn't afford to keep mortgage on my own, ( 2 kids aged 3 and 8). House sold last month leaving shortfall of 29k between me and ex.
Bank passed debt to Enact, who have sent a letter asking for financial statement, and at the end of letter it asks for a lump sum in settlement or monthly payments until full balance paid or monthly payments to repay _____ in settlement of debt.
Having filled this in my income looks a lot, wages 110 per week, tax credits, csa, housing benefit etc, I'm worried what they will expect me to pay.
Any ideas what I could offer??? I have no savings and now private rent.
Thanks
0
Comments
-
pay nothing . Its now an unsecure loan ."Do not regret growing older, it's a privilege denied to many"0
-
Do not give any information to them either !
Speak to CAB ASAP or shelter.
Good luck0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards