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Charging order threat
anyhelptaken
Posts: 34 Forumite
i have today received a letter from a debt collectors, stating that they welcome my increased payment on my dmp and are happy to accept but it is there intention to issue a county court claim against me with a view to obtaining a judgement, and that if obtained will then apply for a charging order on my beneficial interest in the property.
I hold a joint mortgage on the property with my sister, how does this affect it.
I just need to know what to expect
I hold a joint mortgage on the property with my sister, how does this affect it.
I just need to know what to expect
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Still rolling rolling rolling......
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SIGNATURE - Not part of post0 -
Useful link here ---> http://debtcamel.co.uk/charging-order-sale/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 -
Hi,
Since 2012 a creditor can apply for a charging order straight away, after obtaining a CCJ, regardless of weather your payments are up to date or not.
If you are a joint owner, and an order for sale were granted, the debt would be paid out of your share of the proceeds.
But orders for sale are quiet rare, it would just be a restriction normally.
More info here :
http://www.adviceguide.org.uk/wales/debt_w/debt_action_your_creditor_can_take_e/charging_orders.htmI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thanks this helps.0
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I have read all of these things and i am still confused, can any one give me this information in a basic form,0
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I phoned this company up, to try and find out what was happening and was told that my file had been sent through to the litigation dept to see if they were going to continue with this and it would take about two weeks before i here anything, then at that time the litigation dept may be able to make some suggestions as to how to move forward.
I have been paying this through my DMP and have just increased the payment which they have accepted, will this set my other creditors off, once one does it will all the rest.0 -
How much is the debt for OP ?
And what sort of account was it, loan, credit card ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
it was a credit card and there is £4000 left to pay of0
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anyhelptaken wrote: »it was a credit card and there is £4000 left to pay of
How old is the account, can you remember ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
as i have been on my dmp since 2009 it is fairly old0
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