We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

GE Money writing off secured loan ? is this a dream

Options
2»

Comments

  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    mick9000 wrote: »
    i could understand if it had been transfered..wouldnt they state that in the letter or sold on?

    Often not sadly. Notice of assignment may come later, often from the purchaser.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Your title said secured, your first post says unsecured. Which is it? :o
    Changing the world, one sarcastic comment at a time.
  • mick9000
    mick9000 Posts: 14 Forumite
    stator wrote: »
    Your title said secured, your first post says unsecured. Which is it? :o

    Sorry it was secured
  • andyfromotley
    andyfromotley Posts: 2,038 Forumite
    did you ring them?
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
    !
  • mick9000
    mick9000 Posts: 14 Forumite
    just a quick update, checked my Equifax credit report and this has indeed been removed so i guess i can count myself one of the fortunate few
  • andyfromotley
    andyfromotley Posts: 2,038 Forumite
    As discussed you will be in a great position to negotiate a F&F settlement if you ever get to that position where you have some spare cash?
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
    !
  • Nickyj1
    Nickyj1 Posts: 3 Newbie
    Did you find out any more about this? Just I have had the same letter and wondered if it was for real??
  • mick9000
    mick9000 Posts: 14 Forumite
    Yes I've since gotten a mortgage and my credit history is clear of this now....I guess they write off bad debt every now and again and you are another lucky one ����
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture