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
Egg sending threatening letters
rose28454
Posts: 4,963 Forumite
I am having severe financial problems and owe about £62000 to my bank and on credit cards. I am in contact with CCCS about a DMP but due to personal problems I seem to be unable to complete all the details to start it.
I have had a County Court letter from Egg ( who I owe £9500 ) and replied and said I can only afford about £10.00 per month ( I had spoken to CCCS who told me to work out what proportion of my debts I owed Egg and to offer a payment accordingly.) This I did and their debt collecting company has written back and said they are advising the company solicitors to reject the payment offer as they want a charging order on our house. They say it is because it is a large debt and they do not want to force us to sell but they need some security. They then go on to say if they get a charging order they will be happy to accept £10.00 per month and even say we can start paying now.
Can they do this ? Is this a case of bullying?
I have had a County Court letter from Egg ( who I owe £9500 ) and replied and said I can only afford about £10.00 per month ( I had spoken to CCCS who told me to work out what proportion of my debts I owed Egg and to offer a payment accordingly.) This I did and their debt collecting company has written back and said they are advising the company solicitors to reject the payment offer as they want a charging order on our house. They say it is because it is a large debt and they do not want to force us to sell but they need some security. They then go on to say if they get a charging order they will be happy to accept £10.00 per month and even say we can start paying now.
Can they do this ? Is this a case of bullying?
0
Comments
-
Just looking through my book for you. Let you know if I find an answer.Tallyhoh! Stopped Smoking October 2000. Saved £29382.50 so far!0
-
I don't have a quick answer for you, but I WOULD suggest that you take some professional advice, CAB for example, BEFORE they start, or attempt to start proceedings for placing a charge on your property.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards