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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
debt collectors at the door
andrewwales666
Posts: 52 Forumite
Hi all,
ive posted on here before so just a quick recap of my situation,
ive a mortgage of £82.000.2 secured loans adding to £30.000 my house is worth about £75.000, and i have £15.000 unsecured debt.
i want to move to my girlfriends home town so have decided to hand my house back to the mortgage company and apply for bankruptcy,i will have to give my jobs up but intend to find work asp. we have put a bond on a flat but cant move for 4 weeks,yesterday a debt collector representing one of the secured lenders came to the house,i was in work but a card was left through the letter box and they knocked next door, i have also had phone calls from collectors representing the other lender and the mortgage company.i know collectors have no powers to enter or to demand payment or take goods,but how long could it be before bailiffs with court orders arrive,ive written a couple of deterring letters but theyve obviously gone past that.what do i do please
ive posted on here before so just a quick recap of my situation,
ive a mortgage of £82.000.2 secured loans adding to £30.000 my house is worth about £75.000, and i have £15.000 unsecured debt.
i want to move to my girlfriends home town so have decided to hand my house back to the mortgage company and apply for bankruptcy,i will have to give my jobs up but intend to find work asp. we have put a bond on a flat but cant move for 4 weeks,yesterday a debt collector representing one of the secured lenders came to the house,i was in work but a card was left through the letter box and they knocked next door, i have also had phone calls from collectors representing the other lender and the mortgage company.i know collectors have no powers to enter or to demand payment or take goods,but how long could it be before bailiffs with court orders arrive,ive written a couple of deterring letters but theyve obviously gone past that.what do i do please
0
Comments
-
andrewwales666 wrote: »Hi all,
ive posted on here before so just a quick recap of my situation,
ive a mortgage of £82.000.2 secured loans adding to £30.000 my house is worth about £75.000, and i have £15.000 unsecured debt.
i want to move to my girlfriends home town so have decided to hand my house back to the mortgage company and apply for bankruptcy,i will have to give my jobs up but intend to find work asp. we have put a bond on a flat but cant move for 4 weeks,yesterday a debt collector representing one of the secured lenders came to the house,i was in work but a card was left through the letter box and they knocked next door, i have also had phone calls from collectors representing the other lender and the mortgage company.i know collectors have no powers to enter or to demand payment or take goods,but how long could it be before bailiffs with court orders arrive,ive written a couple of deterring letters but theyve obviously gone past that.what do i do please
It takes months to repossess a house. Mine took about 6 months from default.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards