PRA Group advice

fatbelly

To put charging order on would require a ccj. Even then, if it was a sole debt on a jointly owned property it just gets marked as a restriction. 

You could then stop paying as orders for sale are not granted on properties you live in

Onebrokelady

fatbelly said:

To put charging order on would require a ccj. Even then, if it was a sole debt on a jointly owned property it just gets marked as a restriction. 

You could then stop paying as orders for sale are not granted on properties you live in

Thanks for this I don't know how any of this works. I panicked because I am probably going to have to sell my house in the not too distant future. What would it mean if it had a charging order on it 

sourcrates

Onebrokelady said:

fatbelly said:

To put charging order on would require a ccj. Even then, if it was a sole debt on a jointly owned property it just gets marked as a restriction. 

You could then stop paying as orders for sale are not granted on properties you live in

Thanks for this I don't know how any of this works. I panicked because I am probably going to have to sell my house in the not too distant future. What would it mean if it had a charging order on it 

It would not be a full charging order, just a restriction as fatbelly reiterates above.

The debt would likely need to be settled from the proceeds of the house sale, this is assuming legal action had been taken, a CCJ granted in your creditors favour, and a restriction applied to the house deeds, which is not currently the case.

RAS

It's one area where it's a good idea to quiz your future conveyancer before you hire them. Read the Myth of Charging Orders stickie here.

A charging order has to be settled from the proceeds of the sale. The creditor has to be informed of the sale when a restriction exists.  As I understand it, some conveyancers insist on paying the debt from the proceeds. Others inform the creditor. You need to know how your potential conveyancer handles restrictions. 

Onebrokelady

My house is also a shared ownership house. So I own  50% and the rest is owned by a housing association .

XmasStory

I have completed forms with Financial Ombudsman and attached copy of bank statement showing money paid in 2021. Proof of payment was also sent to  PRA .  I hope this will stop them doing this to other vulnerable people. 

sourcrates

XmasStory said:

I have completed forms with Financial Ombudsman and attached copy of bank statement showing money paid in 2021. Proof of payment was also sent to  PRA .  I hope this will stop them doing this to other vulnerable people. 

???????? Have you posted on the correct thread??