CC Debt

AJ0907

Not sure if this is the correct board so I am just going to be cheeky and post it on another board as well.

Firstly, Thanks a lot to all you good people on MSE

I was foolish enough to ignore a credit card debit of £3,000 back in 2006. This was then taken to court and a ccj followed by an interim charge on my share ownership property (50% my share) was registered on Dec 06. Earlier this week I received a letter from the solicitors threatening to pursue the forced sale of my property if I don’t settle the debt (now at £4,800). I called the solicitors to offer £100 per month payment and they insisted that I pay the whole amount within 7 days or they will force a sale on the property. I argued with them that it’s impossible as the property is not wholly mine and the housing association will not allow this to happen.

Now this got me think – that the amount they are demanding may not be the true figure set by the courts and that since I owed only £3000 of the debt and also when the debt was passed to them it was only £3,300. Realistically I should be able to claim the £300 through unfair credit card charges and possibly argue on the £1,500 added by the solicitors.

As mentioned above, I have now dug my head out of the sand and prepared to face this debt. Pay what I owe, get the charge on the property lifted and subsequently satisfy the ccj.

I need your help as to how to go about getting this done;

• Is my first point of call to contact the courts and agree on a fixed amount to pay?
• Wait for the solicitors to take me to court again therefore attend the hearing and pledge with the courts to set a monthly payment? Will this mean more charges added to the £4,800?
• Is the £4,800 likely to be what the courts set in the first place? Or have the solicitors added more charges since then?
• My understanding is that since this debt is covered as by the consumer credit agreement and below £5,000 no other charges/interest can be added to the amount the courts set when the ccj was granted.
• Basically how can I go about reducing this debt to the original amount owed (£3,000) and agree a payment plan? Although I can afford a monthly £100 p/m, I will also pay about £1000 May08 and another £1000 May09 towards the debt when I get my employment bonus. I am confident that by May 09 I will be able to settle the debt. However I am reluctant to pay back £4,800 for an initial debt of £3000

Sorry for the long post and I welcome any advise from anyone with past experience, knowledge of the law regarding such a case.

Anyone with negative comments to give or simply wanting to have a go on how stupid I have been – please don’t bother. Yes I know I have been really silly for letting this go this far but I am now ready to pay what I owed

Thanks I advance

UK007BullDog

You need to post on the debt board.

jonesMUFCforever

You are contradicting yourself!

On the one hand you say that your have got your head out of the sand and the other hand is saying you want to pay only what you think you owe.

Sorry but it is too late to argue.

Come to an agreement if that means £100 a month so be it - they really would be terribly stupid to take you back to court when you have already made an offer to repay.

AJ0907

ejones999 wrote: »

You are contradicting yourself!

On the one hand you say that your have got your head out of the sand and the other hand is saying you want to pay only what you think you owe.

Sorry but it is too late to argue.

Come to an agreement if that means £100 a month so be it - they really would be terribly stupid to take you back to court when you have already made an offer to repay.

Thanks ejones999

Can't see how am contradicting myself

I want to tackle this debt and £100 p/m is what I can afford whilst trying to reduce the £1,800 charges incurred to-date.

Anyway thanks for taking your time to reply to my post, cheers :beer:

jonesMUFCforever

The judgement was made for £4800 (is this correct?) - if so then that is the minimum you will have to pay for it to be set aside and marked as settled.