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!
Debt with final charging order
louisa29
Posts: 41 Forumite
Hi all
I currently have one out of five debts with the highest being £6,300 totalling approx 9k. The debt was originally a car on a HPI with London and Surrey finance back in 2012 at £3,200 but once it went through the courts it's now doubled.
I'm currently paying £20pm to greenhalgh kerr solicitors to cover this. I've been able to get my debts down from 15k to 9k and this one is my highest.
The next one down is 1,900, then 490 and 120 and 135. I'm hoping the 3 smaller ones will be paid by the end of the year.
I know it's my own fault but I'm so annoyed an 8yr old debt is making my debt total double more than it could be. Is there anything I could do?
I currently have one out of five debts with the highest being £6,300 totalling approx 9k. The debt was originally a car on a HPI with London and Surrey finance back in 2012 at £3,200 but once it went through the courts it's now doubled.
I'm currently paying £20pm to greenhalgh kerr solicitors to cover this. I've been able to get my debts down from 15k to 9k and this one is my highest.
The next one down is 1,900, then 490 and 120 and 135. I'm hoping the 3 smaller ones will be paid by the end of the year.
I know it's my own fault but I'm so annoyed an 8yr old debt is making my debt total double more than it could be. Is there anything I could do?
0
Comments
-
More details on the charging order would be useful. What did you do about the court paperwork? It's a bit serious.
- All land is owned. If you are not on yours, you are on someone else's
- When on someone else's be it a road, a pavement, a right of way or a property there are rules. Don't assume there are none.
- "Free parking" doesn't mean free of rules. Check the rules and if you don't like them, go elsewhere
- All land is owned. If you are not on yours, you are on someone else's and their rules apply.
0 -
Hi,They have taken you to court, obtained a CCJ, and got a final charging order on your property, have I got that right ?The time to ask "Is there anything I could do ?" must surely have been at the pre-action stage, its far to late now unfortunatly, if you don`t continue to pay, theoretically they can apply for an order for sale, however, this is very, very rare, and every other avenue would be explored before that happened, but short of paying off the debt as quickly as you can, I really can`t see what advice you are looking for here, sorry.
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 -
Sorry I should have said the charging order isnt my main concern we have enough equity in the property and always new it would be paid. The solicitors and client are happy with the £20pm. The debt was made in a difficult and naive time of my life which I'm paying for now which is what it is. I have asked for a settlement fee as I'm hoping that may help somewhat.1
-
What are the terms of the order? Have they included interest at the statutory (8%) rate?
- All land is owned. If you are not on yours, you are on someone else's
- When on someone else's be it a road, a pavement, a right of way or a property there are rules. Don't assume there are none.
- "Free parking" doesn't mean free of rules. Check the rules and if you don't like them, go elsewhere
- All land is owned. If you are not on yours, you are on someone else's and their rules apply.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards